Dream Finders Homes Inc. (DFH) Releases Q4 2025 Earnings: Revenue Falls 22%, EPS Down 55%

Dream Finders Homes Inc. ($DFH) reported fourth-quarter 2025 revenue of $1.21 billion, a decline of 22.4% year‑over‑year, with gross profit of $246.7 million, down 12.8% versus the prior year.

Operating profit fell to $75.6 million (‑54.3% YoY).

Net income attributable to common shareholders was $58.7 million (‑54.6% YoY).

Diluted earnings per share came in at $0.58 (‑54.7% YoY).

Liquidity and balance-sheet moves were notable.

Cash used in operating activities widened to -$131.0 million, a deterioration of 142.7% year‑over‑year.

Purchases of property, plant and equipment were -$4.7 million, up 21.7% versus the prior year.

Cash and cash equivalents stood at $234.8 million, down 14.4% year‑over‑year.

Total liabilities increased to $2.12 billion, a 168.2% rise year‑over‑year.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Dream Finders Homes Inc. Insider Trading Activity

Dream Finders Homes Inc. insiders have traded $DFH stock on the open market 23 times in the past 6 months. Of those trades, 0 have been purchases and 23 have been sales.

Here’s a breakdown of recent trading of $DFH stock by insiders over the last 6 months:

WILLIAM RADFORD II LOVETT has made 0 purchases and 13 sales selling 350,000 shares for an estimated $8,620,717.
PATRICK O. ZALUPSKI (President and CEO) has made 0 purchases and 10 sales selling 66,171 shares for an estimated $1,845,807.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Dream Finders Homes Inc. Hedge Fund Activity

We have seen 89 institutional investors add shares of Dream Finders Homes Inc. stock to their portfolio, and 141 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 885,798 shares (-16.7%) from their portfolio in Q4 2025, for an estimated $15,147,145
DRIEHAUS CAPITAL MANAGEMENT LLC removed 363,102 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $6,209,044
MILLENNIUM MANAGEMENT LLC added 254,839 shares (+200.1%) to their portfolio in Q4 2025, for an estimated $4,357,746
GOLDMAN SACHS GROUP INC added 195,742 shares (+73.8%) to their portfolio in Q4 2025, for an estimated $3,347,188
MARSHALL WACE, LLP removed 183,286 shares (-49.1%) from their portfolio in Q4 2025, for an estimated $3,134,190
INVESCO LTD. added 149,231 shares (+50.0%) to their portfolio in Q4 2025, for an estimated $2,551,850
SG AMERICAS SECURITIES, LLC added 145,842 shares (+1443.4%) to their portfolio in Q4 2025, for an estimated $2,493,898

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Dream Finders Homes Inc. Analyst Ratings

Wall Street analysts have issued reports on $DFH in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Zelman & Assoc issued a "Outperform" rating on 11/12/2025

To track analyst ratings and price targets for Dream Finders Homes Inc., check out Quiver Quantitative's $DFH forecast page.