DFH on NYSE

Dream Finders Homes, Inc.

American operative builders company based in Jacksonville, listed on NYSE (DFH)1

In its 2026 annual report the company says: “We design, build and sell homes primarily in high-growth markets using our asset-light lot acquisition strategy. Our primary focus is on constructing and selling single-family homes across entry-level, first-time move-up, second-time move-up and active adult homes. We also sell homes to third-party investors that intend to lease the homes.”5

Price unavailable

Last updated Oct 20, 2026.

Overview

$4.3BRevenue, fiscal 20252
$217.2MNet income, fiscal 20252

Compare with M/I Homes, Century Communities, Inc. or Everus Construction Group, Inc., or pick any stock.

  • TickerDFH on NYSE1
  • IndustryOperative Builders1
  • HeadquartersJacksonville, Florida1
  • Incorporated inTX3
  • Business address14701 Philips Highway, Suite 300, Jacksonville, Fl 322563
  • Filer categoryAccelerated filer3
  • Legal formCorporation
  • Kind of organizationResidential real estate vehicle1

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We design, build and sell homes primarily in high-growth markets using our asset-light lot acquisition strategy. Our primary focus is on constructing and selling single-family homes across entry-level, first-time move-up, second-time move-up and active adult homes. We also sell homes to third-party investors that intend to lease the homes (“built-for-rent contracts”). Our home offerings are marketed under various brands, including Dream Finders Homes, DF Luxury, Reverie Active Adult Lifestyle by Dream Finders Homes, Craft Homes and Coventry Homes.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.0%Net margin2
-2.9%Revenue growth, 20252
15.2%Return on equity2
1.13×Debt to equity2
-$126.4MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin11¢$485.2M
  • Other costs82¢$3.6B
  • Income tax2¢$66.7M
  • Profit5¢$217.2M

Out of $4.3B in revenue.2

Financial statements

Revenue67892$4.3B in 2025+481% since 2019
0$2.0B$4.0B$6.0B2019: $744.3M$744.3M20192020: $1.1B$1.1B2020+52%2021: $1.9B$1.9B2021+70%2022: $3.3B$3.3B2022+74%2023: $3.7B$3.7B2023+12%2024: $4.4B$4.4B2024+19%2025: $4.3B$4.3B2025−3%
Net income67892$217.2M in 2025+454% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $39.2M$39.2M20192020: $79.1M$79.1M2020+102%2021: $121.1M$121.1M2021+53%2022: $262.3M$262.3M2022+117%2023: $295.9M$295.9M2023+13%2024: $335.3M$335.3M2024+13%2025: $217.2M$217.2M2025−35%
Fiscal year20182019202020212022202320242025
Revenue$744.3M6$1.1B7$1.9B8$3.3B9$3.7B2$4.4B2$4.3B2
Cost of revenue$641.3M6$962.9M7$1.6B8$2.7B8$3.0B8
Selling, general and admin$63.6M6$90.4M7$154.4M8$266.1M9$302.8M2$395.1M2$485.2M2
Interest$221.4K6$871.0K7$672.0K7$32.0K7
Income before tax$162.0M8$356.2M9$404.4M2$437.9M2$284.1M2
Income tax$06$07$27.5M8$81.9M9$96.5M2$97.3M2$66.7M2
Net income$39.2M6$79.1M7$121.1M8$262.3M9$295.9M2$335.3M2$217.2M2
Earnings per share$0.006$0.007$1.278$2.679$3.032$3.442$2.192
Earnings per share (diluted)$0.006$0.007$1.278$2.459$2.792$3.342$2.142
Shares (weighted, basic)92.5M shares892.7M shares993.1M shares293.5M shares293.1M shares2
Shares (weighted, diluted)95.3M shares8106.7M shares9106.0M shares2100.3M shares2101.3M shares2

Compare Dream Finders Homes, Inc. with another company

Corporate structure

Dream Finders Homes, Inc. sits at the top of its group. 111 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Dream Finders Homes, Inc.

  • KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Filed SCHEDULE 13G/A on Dream Finders Homes, Inc., latest Aug 13, 2026 (12 filings since Mar 10, 2022)
  • William Radford Lovett Ii. Filed SCHEDULE 13G/A on Dream Finders Homes, Inc., latest Aug 13, 2026 (7 filings since Feb 21, 2024)
  • State Street Corporation Filed SCHEDULE 13G on Dream Finders Homes, Inc., latest Aug 7, 2026
  • COOKE & BIELER LP Filed SCHEDULE 13G/A on Dream Finders Homes, Inc., latest Aug 5, 2026 (5 filings since Nov 14, 2024)
  • Patrick O. Zalupski Filed SCHEDULE 13G/A on Dream Finders Homes, Inc., latest May 8, 2026 (6 filings since Feb 21, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Dream Finders Homes, Inc., latest Mar 26, 2026 (7 filings since Feb 9, 2022)
  • BlackRock Filed SC 13G/A on Dream Finders Homes, Inc., latest Dec 6, 2024
  • Dream Finders Homes, Inc. Jacksonville, Florida
    • ALLIANT COMMERCIAL SERVICES, LLC Subsidiary · Florida, United States
    • Alliant National Services LLC Subsidiary · Colorado, United States
    • Alliant National Title Insurance Company, Inc. Subsidiary · Colorado, United States
    • ANT JV Owner, LLC Subsidiary · Delaware, United States
    • ARGENTA DEVELOPMENT COLORADO, LLC Subsidiary · Florida, United States
    • BASELINE DEVELOPMENT COLORADO, LLC Subsidiary · Florida, United States
    • Century Homes Florida, LLC Subsidiary · Florida, United States
    • CHERRY CREEK MORTGAGE, LLC Subsidiary · Delaware, United States
    • CHF Construction, LLC Subsidiary · Florida, United States
    • COTTAGE CORNER DEVELOPMENT, LLC Subsidiary · Florida, United States
    • DF CONSTRUCTION AZ, LLC Subsidiary · Arizona, United States
    • DF Looking Glass 2A, LLC Subsidiary · Florida, United States
    • DF Looking Glass 2B, LLC Subsidiary · Florida, United States
    • DF Title, LLC Subsidiary · Florida, United States
    • DFC Amelia Concourse Phase III, LLC Subsidiary · Florida, United States
    • DFH 2/2 Potomac Station, LLC Subsidiary · Florida, United States
    • DFH 2/2 WAXPOOL CROSSING, LLC Subsidiary · Florida, United States
    • DFH Amelia, LLC Subsidiary · Florida, United States
    • DFH BASELINE WEST TH, LLC Subsidiary · Florida, United States
    • DFH BLACKBURN, LLC Subsidiary · Florida, United States
    • DFH Blue Ridge, LLC Subsidiary · Florida, United States
    • DFH Capitol Division, LLC Subsidiary · Delaware, United States
    • DFH Capitol, LLC Subsidiary · Florida, United States
    • DFH CASCADES, LLC Subsidiary · Florida, United States
    • DFH CLOVER BASIN RANCH, LLC Subsidiary · Florida, United States
    • and 85 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Dream Finders Homes, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$80.4M2 Dec 31, 2025$63.7M2 Dec 31, 2024+26.2%
Accumulated depreciation$25.7M2 Dec 31, 2025$24.0M2 Dec 31, 2024+7.2%
Property and equipment, net$54.7M2 Dec 31, 2025$39.7M2 Dec 31, 2024+37.8%
Operating-lease assets (leased space)$17.2M9 Dec 31, 2024$20.3M9 Dec 31, 2023−15.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$234.8M2 Dec 31, 2025$274.4M2 Dec 31, 2024−14.4%
Stakes in other companies (equity method)$26.6M2 Dec 31, 2025$11.5M2 Dec 31, 2024+132.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$377.4M2 Dec 31, 2025$300.3M2 Dec 31, 2024+25.7%

Inventory

ItemLatestA year beforeChange
Work in process$1.6B2 Dec 31, 2025$1.5B2 Dec 31, 2024+7.4%

Properties, in its own words

We lease approximately 45,000 square feet of office space in Jacksonville, Florida for our corporate headquarters; this lease expires in 2033, with potential renewal options. We also lease offices in other markets where we conduct business, although none of these properties are material to the operation of our business. All facilities are in good condition, adequately utilized, and sufficient to meet our present operating needs.

Refer to “Business—Land Acquisition and Development Process” for a summary of the other properties that we controlled as of December 31, 2025.

Item 2 of the 10-K filed Feb 24, 2026.5

Leadership

Who has led Dream Finders Homes, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Patrick O. Zalupski2021–now

President

  1. Patrick O. Zalupski2021–now

Chief financial officer

  1. Rick A. Moyer2021
  2. Lorena Anabel Fernandez2022–now

Chief operating officer

  1. Doug Moran2021–2024
  2. Clinton Szubinski2026–now
2025
Board members and other officers (9)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Financial OfficerAnabel O. Ramsay named Sep 22, 202627
  • DirectorLeonard M. Sturm named Sep 22, 202627
  • DirectorSteve W. Fischer named Sep 22, 202627
  • DirectorWilliam W. Weatherford named Sep 22, 202627

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ALLIANT COMMERCIAL SERVICES, LLC Florida4
  • ANT JV Owner, LLC Delaware4
  • ARGENTA DEVELOPMENT COLORADO, LLC Florida4
  • Alliant National Services LLC Colorado4
  • Alliant National Title Insurance Company, Inc. Colorado4
  • BASELINE DEVELOPMENT COLORADO, LLC Florida4
  • CHERRY CREEK MORTGAGE, LLC Delaware4
  • CHF Construction, LLC Florida4
  • COTTAGE CORNER DEVELOPMENT, LLC Florida4
  • Century Homes Florida, LLC Florida4
  • DF CONSTRUCTION AZ, LLC Arizona4
  • DF Looking Glass 2A, LLC Florida4
  • DF Looking Glass 2B, LLC Florida4
  • DF Title, LLC Florida4
  • DFC Amelia Concourse Phase III, LLC Florida4
  • DFH 2/2 Potomac Station, LLC Florida4
  • DFH 2/2 WAXPOOL CROSSING, LLC Florida4
  • DFH Amelia, LLC Florida4
  • DFH BASELINE WEST TH, LLC Florida4
  • DFH BLACKBURN, LLC Florida4
  • DFH Blue Ridge, LLC Florida4
  • DFH CASCADES, LLC Florida4
  • DFH CLOVER BASIN RANCH, LLC Florida4
  • DFH Capitol Division, LLC Delaware4
All 111 listed subsidiaries
  • DFH Capitol, LLC Florida4
  • DFH Clover, LLC Florida4
  • DFH Colorado Realty, LLC Colorado4
  • DFH Corona, LLC Florida4
  • DFH Coventry, LLC Florida4
  • DFH Crescent, LLC Delaware4
  • DFH GLENMONT, LLC Florida4
  • DFH GREEN RIVER, LLC Florida4
  • DFH Goose Creek, LLC Florida4
  • DFH Greenville Liberty Assets, LLC Florida4
  • DFH Greyhawk, LLC Florida4
  • DFH HARMONY TH, LLC Florida4
  • DFH HOMECO GP, LLC Florida4
  • DFH IH Partnership Holdco, LLC Florida4
  • DFH INSPIRATION LLC Florida4
  • DFH IP USA, LLC Florida4
  • DFH JET GP, LLC Florida4
  • DFH Johns Landing, LLC Florida4
  • DFH LIBERTY, LLC Florida4
  • DFH Land, LLC Florida4
  • DFH MC, LLC Florida4
  • DFH MOUNTAIN BROOK, LLC Florida4
  • DFH Magnolia, LLC Florida4
  • DFH Mandarin, LLC Florida4
  • DFH NORTHFIELD TH, LLC Florida4
  • DFH OFFICE, LLC Florida4
  • DFH PARKSIDE WEST TH, LLC Florida4
  • DFH Panels Southeast, LLC Florida4
  • DFH Prominence Jacksonville, LLC Florida4
  • DFH Prominence, LP Florida4
  • DFH REALTY TENNESSEE, LLC Florida4
  • DFH RESTON, LLC Florida4
  • DFH Realty Georgia, LLC Georgia4
  • DFH Realty Texas, LLC Florida4
  • DFH STERLING RANCH 3B TH, LLC Florida4
  • DFH Savannah, LLC Florida4
  • DFH Sonoma TX, LLC Florida4
  • DFH Staybull, LLC Florida4
  • DFH TALLYN RIDGE, LLC Florida4
  • DFH WATERFIELD TH, LLC Florida4
  • DFH Wildwood, LLC Florida4
  • DFH-ANT, LLC Florida4
  • DFRC - Hamlin, LLC Florida4
  • DFRC, LLC Florida4
  • DREAM FIBER, LLC Florida4
  • DREAM FINDERS HOMES ARIZONA, LLC Florida4
  • Dream Captive Insurer, Inc. North Carolina4
  • Dream Finders Holdings, LLC Florida4
  • Dream Finders Homes Foundation, Inc. Florida4
  • Dream Finders Homes, LLC Florida4
  • Dream Finders Realty, LLC Florida4
  • FARMSTEAD DEVELOPMENT COLORADO, LLC Florida4
  • FIRELIGHT PARK DEVELOPMENT COLORADO, LLC Florida4
  • FMR IP, LLC Texas4
  • Fish Haul Road Holdco, LLC Florida4
  • GEOS Development Colorado, LLC Florida4
  • H&H Constructors of Fayetteville, LLC North Carolina4
  • H&H Homes Realty, LLC North Carolina4
  • HDP CREEKSIDE, LLC Delaware4
  • HM7 JV Owner, LLC Delaware4
  • Harmony Land Development Colorado, LLC Florida4
  • Hilton Head Custom Homes, LLC South Carolina4
  • Homeco Purchasing Company, Ltd. Texas4
  • JAX DC REAL PROPERTY HOLDINGS, LLC Florida4
  • JAX National Aircraft, LLC Florida4
  • JET HOME LOANS VENTURES, LLC Florida4
  • Jet HomeLoans, LP Florida4
  • MOUNTAIN BROOK DEVELOPMENT COLORADO, LLC Florida4
  • MOUNTAIN BROOK TH, LLC Florida4
  • Millennium Title of Texas, L.C. Texas4
  • Northfield TH Development Colorado, LLC Florida4
  • PARKSIDE WEST DEVELOPMENT COLORADO, LLC Florida4
  • PSJ JV Owner, LLC Delaware4
  • PURVIS FARM DEVELOPMENT COLORADO, LLC Florida4
  • Pine Ridge Insurance, LLC Florida4
  • STERLING RANCH 3B DEVELOPMENT COLORADO, LLC Florida4
  • UPLANDS DEVELOPMENT COLORADO, LLC Florida4
  • Uplands Development Colorado A2, LLC Florida4
  • Uplands Development Colorado A3, LLC Florida4
  • Uplands Development Colorado A4, LLC Florida4
  • Uplands Development Colorado A7, LLC Florida4
  • Uplands Development Colorado B1, LLC Florida4
  • Uplands Development Colorado D1, LLC Florida4
  • Village Park Homes, LLC South Carolina4
  • WATERFIELD DEVELOPMENT COLORADO, LLC Florida4
  • Waxpool Crossing 22, LLC Florida4
  • Westminster Neighborhood Mixed Use, LLC Florida4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 13, 20268-K New debt or obligation28
  2. Sep 15, 20268-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights29
  3. Aug 21, 20268-K Executive or director change; Shareholder vote30
  4. Aug 18, 20268-K Regulation FD disclosure31
  5. Aug 14, 20268-K Other events32
  6. Aug 7, 20268-K Entered a material agreement; Regulation FD disclosure33
  7. Jul 30, 20268-K Results of operations34
  8. Jul 17, 20268-K Executive or director change; Regulation FD disclosure35
  9. Jul 8, 20268-K Regulation FD disclosure36
  10. Jun 10, 20268-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed37
  11. Jun 5, 20268-K Executive or director change; Regulation FD disclosure38
  12. May 21, 20268-K Regulation FD disclosure39
  13. Jan 20, 2021New chief executive Patrick O. Zalupski becomes CEO14

Calendar

Coming up

  1. Oct 29, 2026Reports results for the quarter ending Sep/202640

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results34
  2. Apr 30, 2026Reported quarterly or annual results41
  3. Feb 23, 2026Reported quarterly or annual results42
  4. Oct 30, 2025Reported quarterly or annual results43
  5. Jul 31, 2025Reported quarterly or annual results44
  6. May 6, 2025Reported quarterly or annual results45
  7. Feb 25, 2025Reported quarterly or annual results46
  8. Oct 31, 2024Reported quarterly or annual results47

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

365 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 72 major events, 168 insider forms, 42 large holders, 1 private raises, 61 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Sep 22, 2026D EDGAR
  3. Sep 22, 20264 EDGAR
  4. Sep 22, 20264 EDGAR
  5. Sep 15, 20268-K EDGAR
  6. Sep 14, 20264 EDGAR
  7. Sep 4, 20264 EDGAR
  8. Aug 27, 20264 EDGAR
  9. Aug 24, 20264 EDGAR
  10. Aug 21, 2026DEF 14C EDGAR
  11. Aug 21, 20268-K EDGAR
  12. Aug 18, 20268-K EDGAR
  13. Aug 14, 20268-K EDGAR
  14. Aug 13, 2026SCHEDULE 13G/A EDGAR
  15. Aug 13, 20264 EDGAR
  16. Aug 13, 2026SCHEDULE 13G/A EDGAR
  17. Aug 7, 20268-K EDGAR
  18. Aug 7, 2026SCHEDULE 13G EDGAR
  19. Aug 5, 2026SCHEDULE 13G/A EDGAR
  20. Jul 30, 202610-K/A EDGAR

The 365 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

155 open-market trades by officers, directors and large owners since October 2021: 9 buys and 146 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 10, 2026BECKWITT RICHARDDirectorBuy10,000$12.07$120.7KForm 4
Sep 3, 2026Sturm LenDirectorBuy1,500$13.47$20.2KForm 4
Aug 26, 2026Sturm LenDirectorBuy1,000$14.72$14.7KForm 4
Aug 24, 2026Sturm LenDirectorBuy250$14.75$3.7KForm 4
Aug 21, 2026Sturm LenDirectorBuy250$14.81$3.7KForm 4
Aug 13, 2026BECKWITT RICHARDDirectorBuy12,000$14.80$177.6KForm 4
Aug 12, 2026BECKWITT RICHARDDirectorBuy8,000$13.83$110.6KForm 4
Aug 11, 2026BECKWITT RICHARDDirectorBuy70,000$13.95$976.5KForm 4
Jun 24, 2026Lovett William Radford II10% ownerSale56,590$16.67$943.3KForm 4
Jun 22, 2026Lovett William Radford II10% ownerSale21,962$15.00$329.4KForm 4
Jun 18, 2026Lovett William Radford II10% ownerSale85,057$15.52$1.3MForm 4
Jun 17, 2026Lovett William Radford II10% ownerSale45,544$15.21$692.7KForm 4
Jun 16, 2026Lovett William Radford II10% ownerSale50,266$14.99$753.5KForm 4
Jun 15, 2026Lovett William Radford II10% ownerSale53,325$15.16$808.4KForm 4
Jun 12, 2026Lovett William Radford II10% ownerSale76,428$15.17$1.2MForm 4
Jun 11, 2026Lovett William Radford II10% ownerSale60,828$14.56$885.7KForm 4
May 20, 2026Lovett William Radford II10% ownerSale32,146$12.89$414.4KForm 4
May 19, 2026Lovett William Radford II10% ownerSale117,854$12.65$1.5MForm 4
Jan 22, 2026Lovett William Radford II10% ownerSale30,217$19.60$592.3KForm 4
Jan 21, 2026Lovett William Radford II10% ownerSale41,525$19.44$807.2KForm 4

All 155 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Patrick O. Zalupski45$1.3M$10.2M55
2025L. Anabel Ramsay44$738.5K$2.6M55
2024PresidentChief Executive Officer$1.2M$12.9M55
2024Senior VicePresident$686.5K$2.8M55
2023and Chairman of the Board$1.1M$11.4M55
2023and Chief Financial Officer$631.5K$2.2M55

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Sep 14, 2026Raised $225 million in a private offering of equity Form D: $675 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,811,957$83.1M0.0%+138,528
Kayne Anderson Rudnick Investment Management LLC3,072,095$53.0M0.2%−1,196,285
Jupiter Topco LLC1,922,596$33.2M0.0%New
Cooke & Bieler LP1,870,801$32.3M0.4%−908,201
State Street Corp1,709,676$29.5M0.0%+19,800
Dimensional Fund Advisors LP1,546,957$26.7M0.0%+97,649
Vanguard Portfolio Management LLC1,464,130$25.3M0.0%−4,397
Vanguard Capital Management LLC1,206,150$20.8M0.0%−37,022
Elgethun Capital Management819,406$14.1M2.0%+314,028
Geode Capital Management, LLC729,022$12.6M0.0%+10,431
Morgan Stanley642,733$11.1M0.0%+295,866
Invesco Ltd.545,748$9.4M0.0%+48,021
Charles Schwab Investment Management Inc481,915$8.3M0.0%+66,902
Point72 Asset Management, L.P.457,332$7.9M0.0%+396,803
UBS Group AG377,592$6.5M0.0%+158,951
Elevation Point Wealth Partners, LLC344,821$6.0M0.1%+25
Vestmark Advisory Solutions, Inc.344,796$6.0M0.1%No change
Goldman Sachs Group Inc344,649$5.9M0.0%+32,911
Bnp Paribas Financial Markets334,191$5.8M0.0%+213,360
Denali Advisors LLC321,182$5.5M0.6%−17,100
Wells Fargo & Company/mn317,819$5.5M0.0%−11,859
Ameriprise Financial Inc307,261$5.3M0.0%−33,609
Bank Of America Corp /de/295,229$5.1M0.0%+149,110
Northern Trust Corp292,367$5.0M0.0%+17,508
Aqr Capital Management LLC282,895$4.9M0.0%+232,716

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Dream Finders Homes, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDream Finders Homes, Inc.1
  • CIK0001825088
  • Employer ID (EIN)85-29830365
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)1531 Operative Builders1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address14701 Philips Highway, Suite 300, Jacksonville, FL 322561
  • Phone904.505.42421
  • Shares outstanding34,083,246 Common Class A shares; 57,726,153 Common Class B shares as of Feb 17, 20265
  • Public float$478.1M as of Jun 30, 20255
  • AuditorPricewaterhouseCoopers LLP, Jacksonville, Florida PCAOB ID 238; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceOct 13, 20201
  • Filings429 in all: 4 (178), 8-K (76), 144 (31), SCHEDULE 13G/A (21), 10-Q (17), 3 (16), SC 13G/A (12), SC 13G (9)1
    All 36 form types

    4/A (8), DEFA14A (8), 10-K (6), DEF 14A (6), 11-K (5), 8-K/A (4), CORRESP (3), 144/A (2), 8-A12B (2), CERT (2), EFFECT (2), S-1/A (2), S-8 (2), SCHEDULE 13G (2), UPLOAD (2), 10-K/A (1), 25 (1), 424B3 (1), 424B4 (1), D (1), DEF 14C (1), DRS (1), DRS/A (1), DRSLTR (1), FWP (1), PRE 14A (1), S-1 (1), S-3 (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Apr 16, 2026
    Latest 8-K (8-K) Oct 13, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common Stock, par value $0.01 per shareDFHNew York Stock Exchange

From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Dream Finders Homes, Inc. names in Item 1A of its 10-K filed Feb 24, 2026: 57 risks under these headings, as written.5

  • Discussions of our business and operations included in this Annual Report on Form 10-K should be read together with the risk factors set forth below. These risk factors describe various material risks and uncertainties we are or may become subject to, many of which are difficult to predict or are beyond our control. These risks and uncertainties, together with other factors described elsewhere in this Annual Report on Form 10-K, have the potential to affect our business, financial condition, results of operations, cash flows, strategies or prospects in a material and adverse manner.
  • The risk factors described below are those that we believe are material with regard to an investment in us, as well as certain risk factors that may be generally applicable to all business enterprises, but not all general risk factors. We are subject to the many risks that affect all or most business enterprises in the United States and our business or financial condition could be materially affected by those risks.
  • Homebuilding Industry, Economic and Regulatory Risks
  • The homebuilding industry is cyclical and adverse changes in general and local economic conditions could reduce the demand for homes and, as a result, could have a material adverse effect on us.
  • The homebuilding industry is highly competitive and, if our competitors are more successful or offer better value to our customers, our business could decline.
  • Inflation and/or higher interest rates could adversely affect our business and financial results.
  • The tightening of mortgage lending standards and mortgage financing requirements, untimely or incomplete mortgage loan originations for our homebuyers and rising mortgage interest rates could adversely affect the availability of mortgage loans for potential purchasers of our homes and thereby materially and adversely affect our business, prospects, liquidity, financial condition and results of operations.
  • Our geographic concentration and regional factors affecting the homebuilding industry in our current markets could materially and adversely affect us.
  • Natural disasters, severe weather and adverse geologic conditions may increase costs, cause project delays and reduce consumer demand for housing, all of which could materially and adversely affect us.
  • A major health and safety incident relating to our business could be costly in terms of potential liabilities and reputational damage.
  • Difficulties with appraisal valuations in relation to the proposed sales price of our homes could force us to reduce the price of our homes for sale.
  • If the market value of our inventory or controlled lot position declines, we may incur write-downs of our real estate assets and our profits could decrease.
The other 46 risks
  • We are subject to warranty and liability claims arising in the ordinary course of business that can be significant.
  • Any limitation on, or reduction or elimination of, tax benefits associated with homeownership would have an adverse effect upon the demand for homes, which could be material to our business.
  • Federal income tax credits currently available to certain builders of energy-efficient new homes may not be extended by future legislation.
  • New and existing laws and regulations or other governmental actions may increase our expenses, limit the number of homes that we can build or delay completion of our projects.
  • Changes in U.S. trade policies and retaliatory responses from other countries may significantly increase the costs or limit supplies of building materials and products used in our homes.
  • We and our subcontractors are subject to environmental, health and safety laws and regulations, which may increase our costs, result in liabilities, limit the areas in which we can build homes and delay completion of our projects.
  • Environmental laws and regulations relating to climate change and energy can have an adverse impact on our activities, operations and profitability and on the availability and price of certain raw materials, such as lumber, steel and concrete.
  • Homebuilding Operational Risks
  • Our inability to successfully identify, secure and control an adequate inventory of lots at reasonable prices could adversely impact our operations.
  • Increases in our cancellation rate could have a negative impact on our homebuilding revenues and gross margins.
  • Our business and results of operations are dependent on the availability, skill and performance of subcontractors.
  • A shortage of building materials or labor, or increases in materials or labor costs, could delay or increase the cost of home construction, which could materially and adversely affect us.
  • If we are unable to develop our communities successfully or within expected time-frames, our results of operations could be adversely affected.
  • We may be unable to obtain suitable bonding for the development of our communities.
  • We may suffer significant financial harm and loss of reputation if we do not comply, cannot comply or are alleged to have not complied with applicable laws, rules and regulations concerning our classification and compensation practices for independent contractors.
  • We could be adversely affected by efforts to impose joint employer liability on us for labor law violations committed by our subcontractors.
  • Poor relations with the residents of our communities could negatively impact sales, which could cause our revenues or results of operations to decline.
  • Information system failures, cyber incidents or breaches in security could adversely affect us.
  • Risks Related to Our Financial Services Businesses
  • Competing effectively within the mortgage banking and title service sectors may be difficult.
  • Our reserve for title claims losses and related reinsurance agreements subjects us to risks related to potentially incurring losses related to reserve assumptions, claim loss prevention procedures and credit risk of our counterparties.
  • Use of independent agents may increase the frequency and severity of title claims.
  • Our financial services segment is subject to risks related to our hedging strategies.
  • Our mortgage banking business is subject to risks related to mortgage sales and loan repurchase obligations.
  • Investors in mortgages could require that we repurchase loans or compensate them for losses stemming from mortgages we have sold.
  • Our mortgage banking and title services businesses may be adversely affected by changes in governmental regulation.
  • Strategic and Financial Risks
  • We cannot make any assurances that our growth or expansion strategies will be successful, and we may incur a variety of costs to engage in such strategies, including through targeted acquisitions, and the anticipated benefits may never be realized.
  • We may not be able to complete or successfully integrate our recent acquisitions or any potential future acquisitions or experience challenges in realizing the expected benefits of each such acquisition.
  • Our joint venture investments could be adversely affected by our lack of sole decision-making authority, our reliance on the financial condition of our joint venture partners and disputes between us and our joint venture partners.
  • Risks Related to Our Indebtedness
  • We have a significant amount of debt and interest expense on debt that may limit our cash available to fund our growth strategies.
  • Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our respective businesses to pay our substantial debt.
  • Our ability to access and obtain capital in the future could be adversely affected as a result of a downgrade in any of our credit ratings.
  • Our current financing arrangements contain, and our future financing arrangements likely will contain, restrictive covenants.
  • Volatility in the credit and capital markets may impact our cost of capital and our ability to access necessary financing and the difficulty in obtaining sufficient capital could prevent us from acquiring lots for construction or increase costs and delays in the completion of our homes under construction.
  • Access to financing sources may not be available on favorable terms, or at all, which could adversely affect our ability to maximize our returns.
  • Risks Related to Our Organization and Structure
  • We depend on key management personnel and other experienced employees.
  • Mr. Zalupski owns a significant amount of our stock and his interests may conflict with those of our other stockholders.
  • Sales of shares pledged for margin loans or prepaid variable forward sales contracts by our directors and officers could cause our stock price to decrease.
  • There are various potential conflicts of interest in our relationship with DF Capital and certain of its managed funds, including with certain of our executive officers and a former director who are investors in certain funds managed by DF Capital, which could result in decisions that are not in the best interest of our stockholders.
  • Our amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or agents.
  • Provisions in our charter documents or Delaware law, as well as Mr. Zalupski’s beneficial ownership of all of our outstanding Class B common stock, could discourage acquisition bids or merger proposals, which may adversely affect the market price of our Class A common stock.
  • We are a “controlled company” within the meaning of the New York Stock Exchange rules, which allows us to rely on exemptions from certain corporate governance requirements.
  • We have not declared or paid cash dividends on our Class A common stock and we cannot assure that cash dividends will be paid.
  • Our share buyback program could affect our stock price and increase its volatility, and may reduce the market liquidity for our stock. The share buyback program may also materially impact the Company’s liquidity.
  • Our Class A and B common stock rank junior to our redeemable preferred stock with respect to dividends and amounts payable in the event of our liquidation, dissolution or winding-up of our affairs.
  • Shares of our redeemable preferred stock are convertible into shares of our Class A common stock in certain circumstances and, upon conversion, will dilute common stock shareholders’ percentage of ownership.
  • Certain rights of the holders of the redeemable preferred stock could delay or prevent an otherwise beneficial takeover or takeover attempt of us.
  • Cautionary Statement about Forward-Looking Statements and Risk Factor Summary

Legal proceedings

From time to time, we are a party to ongoing legal proceedings in the ordinary course of business. We do not believe the results of currently pending proceedings, individually or in the aggregate, will have a material adverse effect on our business, financial condition, results of operations or liquidity. Refer to Note 7, Commitments and Contingencies—Legal Proceedings to our consolidated financial statements for additional information.

The opening of Item 3, Legal Proceedings.5

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