Dream Finders Homes, Inc. Class A (DFH)

In the past six months, Dream Finders Homes' stock price was impacted by several events. The company announced its third-quarter 2025 results, reporting an earnings per share of $0.47, missing consensus estimates, and homebuilding revenue of $917 million, a 7% year-over-year decrease that fell short of analyst expectations. This led to a downward revision to its full-year outlook, causing a market reaction. The stock hit a new 52-week low during mid-day trading on December 31, 2025, trading at $17.12 USD. Homebuilding gross margin contracted to 17.5% from 19.2% a year prior, due to pricing pressure and increased sales incentives. The company also experienced negative operating cash flow of $257 million. Analyst ratings and price targets were adjusted.

Dream Finders Homes focuses on high-growth markets and regions with significant domestic migration. While demand for homes continues to rise, with housing closings growing by 16% and net new housing orders by 18% in Q1 2025, specific details regarding the seasonality of demand are not explicitly detailed. The homebuilding industry can generally experience seasonal fluctuations, with spring and summer often being stronger selling seasons.

Dream Finders Homes, Inc. (DFH) is a national homebuilder based in Jacksonville, Florida, specializing in single-family homes. They operate in the Consumer Cyclical sector, specifically in Residential Construction. DFH offers a range of new homes, including single-family residences, townhomes, and villas, catering to various buyer segments. They also provide financial services through subsidiaries and employ an asset-light business model, acquiring finished lots through option contracts.

Dream Finders Homes operates in high-growth markets across the United States, including Florida, Texas, Colorado, North Carolina, South Carolina, Georgia, Tennessee, Maryland, Virginia, and the Washington, D.C. metropolitan area. Recent acquisitions, such as Crescent Homes, Liberty Communities, and Green River Builders, have expanded their reach. As of late 2024, DFH sells homes in over 220 communities across 10 states.

Dream Finders Homes received a positive boost to its brand reputation by being named the 2025 Builder of the Year by Zonda's BUILDER. This award recognized the company's milestones in 2024, including 8,583 home closings, $438 million in pre-tax income, and $4.4 billion in homebuilding revenues, an 18% increase from 2023. The company was ranked No. 14 on the 2025 Builder 100 list.

Dream Finders Homes is owned by a combination of institutional shareholders and insiders. As of September 30, 2025, institutional ownership stands at 87.55% of total shares held. Major institutional owners include Kayne Anderson Rudnick Investment Management Llc, BlackRock, Inc., Vanguard Group Inc, Cooke & Bieler Lp, Janus Henderson Group Plc, State Street Corp, and Dimensional Fund Advisors Lp. Patrick O. Zalupski, the company's founder and CEO, owns 62.24% of the company. Boston Omaha Corp also holds a substantial insider stake of 12.96%.