DFH · NYSE · Residential Construction

Dream Finders Homes (DFH)

Builds single-family homes in U.S. markets with attached mortgage and title services.

$11.72
vs last close−0.54 (−4.45%)
Loading prices…

Dream Finders Homes, Inc.DFH
Consumer Discretionary

Designs, builds, and sells single-family homes in U.S. growth markets, with mortgage, title, and insurance-adjacent services attached to the buyer journey. Its homebuilding segments span the Southeast, Mid-Atlantic, and Midwest, supported by an asset-light lot strategy and acquisition-led market entry.

Builds and sells single-family homes for entry-level, move-up, active adult, and built-for-rent buyers, marketed through Dream Finders Homes, DF Luxury, Reverie, Craft Homes, and Coventry Homes. Mortgage banking, title agency, title underwriting, and homeowners-insurance-related offerings sit beside the home sale.

Operations are concentrated in U.S. markets across the Southeast, Mid-Atlantic, and Midwest, with a footprint that includes Florida, Texas, the Carolinas, Georgia, Colorado, Arizona, Tennessee, and the Washington, D.C. area. Expansion has combined organic market entries with regional acquisitions.

The operating model centers on asset-light lot acquisition, local market selection, and attached buyer services. Homebuilding results depend on lot access, financing availability, construction inputs, skilled labor, and buyer demand.

Company facts

CEOPatrick O. Zalupski
ListedJan 21, 2021
ExchangeNYSE
HeadquartersJacksonville, FL
CountryUnited States
Employees1,911
CIK0001825088
ISINUS26154D1000

Market cap$1.13B
EPS (ttm)$1.48
P/E (ttm)8.28
ROE9.4%
P/B0.7151
P/S0.2734
Dividend yieldDiv yield
Beta1.38vs XLY 1.46

Price target$38.00+210.0%Average of 5 analysts
ConsensusHold3 of 5 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Nov 12, 2025Zelman & AssocUpgrade
Rating: Neutral
Rating: Outperform

Next report
Oct 29, 26
estimated · in 36 days
EPS estimate
$0.20
Revenue estimate
$1.04B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$1.29$0.54$0.56$0.47$0.58$0.11$0.27Pending
Estimate$1.13$0.61$0.65$0.47$0.62$0.20$0.30$0.20
Surprise+14.2%−11.5%−13.8%0.0%−6.5%−45.5%−8.5%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$1.56B$989.9M$1.15B$969.8M$1.21B$887.8M$1.06BPending
Estimate$1.40B$1.05B$1.15B$1.16B$1.16B$819.3M$1.09B$1.04B
Surprise+11.5%−5.3%−0.2%−16.3%+4.7%+8.4%−2.6%
Estimate$0.20
ReportedDue Oct 29, 2026
Estimate$1.04B
ReportedDue Oct 29, 2026
View details

Debt to equity37.50%
Current ratio303.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.01B$1.56B$989.9M$1.15B$969.8M$1.21B$887.8M$1.06B
Net income$70.7M$129.3M$54.9M$56.6M$47.0M$58.7M$13.3M$27.7M
Net margin7.0%8.3%5.5%4.9%4.8%4.8%1.5%2.6%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$95.7M$165.8M$76.8M$57.9M$59.3M$75.6M$19.4M−$47.9M
YoY growth−10.2%+17.3%+14.0%−44.3%−38.1%−54.4%−74.8%Turned loss

Balance sheet, Jun 30, 2026Cash & short-term investments $203.5M · Total debt $592.3M · Total assets $3.96B · Shareholders' equity $1.58B

Revenue
$1.06B
Operating income
−$47.9M
Net income
$27.7M
View details

No dividends on record.

Institutions34.72%31.50M shares
208 holders · as of Jun 30, 2026
Insiders70.94%64.36M shares
10 holders · as of Sep 22, 2026
Strategic holders3.16%2.87M shares
1 holder · as of Oct 7, 2021
Adds to108.82%

90.72M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 108.82%; nothing is left for Other.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Patrick O. ZalupskiInsiderdirector, 10 percent owner, officer: President and CEO
65.93%59.81M COMPANYfiled May 8, 2026
BlackRock, Inc.Institution
5.30%4.81M Aas of Jun 30, 2026
William Radford II LovettInsider10 percent owner
3.54%3.21M Afiled Jun 26, 2026
Kayne Anderson Rudnick Investment Management LLCInstitution
3.39%3.07M Aas of Jun 30, 2026
BOSTON OMAHA CorpStrategic10 percent owner
3.16%2.87M Afiled Oct 7, 2021

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 10, 2026Richard Beckwittdirector+10,000$12.07
Sep 3, 2026Len Sturmdirector+1,500$13.47
Aug 26, 2026Len Sturmdirector+1,000$14.72
Aug 24, 2026Len Sturmdirector+250$14.75
Aug 21, 2026Len Sturmdirector+250$14.81
View details

  • D.R. Horton

    Scale rival across single-family homes and buyer financing

  • Lennar

    National builder with overlapping homes, active adult, and services

  • PulteGroup

    National peer across single-family, active adult, mortgage and title

  • Meritage Homes

    Entry-level and move-up rival with mortgage, title, and insurance

  • NVR

    East Coast and Midwest builder with mortgage and title overlap

  • KB Home

    First-time and move-up builder with active adult and services overlap

  • Beazer Homes

    Public single-family peer and live contested acquisition target

Compare

CompanyPriceChange
Dream Finders Homes$11.72−4.45%$1.13B8.311.70.3−7.6%
D.R. Horton$142.10−1.39%$40.31B13.712.71.2+0.0%
Lennar$82.40−0.79%$20.62B15.716.90.6−9.0%
PulteGroup$119.80−2.04%$23.60B12.611.21.4−9.6%
Meritage Homes$65.30−1.66%$4.43B13.912.10.8−14.3%
NVR$6,275.35−1.00%$17.11B16.516.21.8−10.6%
KB Home$48.48−0.24%$2.98B13.711.30.6−20.0%
Beazer Homes$33.37+0.03%$911.9M43.50.4−5.3%
Median13.812.70.8−9.6%