Dream Finders Homes, Inc. (DFH) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
14701 PHILIPS HIGHWAY JACKSONVILLE, FL 32256 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1531 - Operative Builders (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 494 | 365 | 227 | |||
| Cash and cash equivalent | 494 | 365 | 227 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,067 | |||||
| Inventory | 1,067 | |||||
| Total current assets: | 494 | 365 | 1,294 | |||
| Noncurrent Assets | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | 0 | |||||
| Operating lease, right-of-use asset | 20 | 24 | 19 | |||
| Inventory, real estate | 1,440 | 1,378 | 116 | |||
| Property, plant and equipment | 7 | 7 | 7 | |||
| Long-term investments and receivables | 15 | 14 | 16 | |||
| Long-term investments | 15 | 14 | 16 | |||
| Intangible assets, net (including goodwill) | 172 | 177 | 181 | |||
| Goodwill | 172 | 172 | 172 | |||
| Intangible assets, net (excluding goodwill) | 5 | 9 | ||||
| Deferred income tax assets | 5 | 4 | ||||
| Total noncurrent assets: | 1,655 | 1,605 | 344 | |||
| Other undisclosed assets | 413 | 401 | 256 | |||
| TOTAL ASSETS: | 2,562 | 2,371 | 1,894 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Deferred revenue | 1 | 2 | ||||
| Debt | 530 | 966 | 760 | |||
| Total current liabilities: | 532 | 968 | 760 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 12 | |||||
| Deferred income tax liabilities | 12 | |||||
| Total noncurrent liabilities: | 12 | |||||
| Other undisclosed liabilities | 933 | 602 | 578 | |||
| Total liabilities: | 1,476 | 1,570 | 1,338 | |||
| Temporary equity, including noncontrolling interest | 149 | 156 | 155 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 924 | 631 | 376 | |||
| Treasury stock, value | ||||||
| Additional paid in capital | 275 | 265 | 258 | |||
| Retained earnings | 648 | 366 | 118 | |||
| Other undisclosed equity, attributable to parent | ||||||
| Equity, attributable to noncontrolling interest | ||||||
| Other undisclosed equity | 14 | 14 | 25 | |||
| Total equity: | 938 | 645 | 401 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,562 | 2,371 | 1,894 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 3,749 | 3,342 | 1,924 | ||
| Cost of revenue | (3,012) | (2,722) | (1,610) | ||
| Gross profit: | 737 | 620 | 314 | ||
| Operating expenses | (309) | (271) | (154) | ||
| Other operating income (expense), net | 5 | 2 | (13) | ||
| Other expenses | (13) | ||||
| Operating income: | 433 | 351 | 146 | ||
| Interest and debt expense | (0) | (1) | |||
| Income from continuing operations before equity method investments, income taxes: | 433 | 351 | 145 | ||
| Income from equity method investments | 18 | 16 | 9 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (47) | (11) | 8 | ||
| Income from continuing operations before income taxes: | 404 | 356 | 162 | ||
| Income tax expense | (96) | (82) | (27) | ||
| Income from continuing operations: | 308 | 274 | 135 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 135 | |
| Net income: | 308 | 274 | 135 | ||
| Net loss attributable to noncontrolling interest | (12) | (12) | (13) | ||
| Net income attributable to parent: | 296 | 262 | 121 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (13) | (15) | (5) | ||
| Other undisclosed net income available to common stockholders, basic | 1 | ||||
| Net income available to common stockholders, diluted: | 282 | 248 | 118 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income: | 308 | 274 | 135 | ||
| Comprehensive income: | 308 | 274 | 135 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (12) | (12) | (13) | ||
| Comprehensive income, net of tax, attributable to parent: | 296 | 262 | 121 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.