← Dream Finders Homes, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and Cash Equivalents, at Carrying Value | $43.7m | $227.2m | $364.5m | $494.1m | $274.4m | $234.8m | |
| Accounts Receivable | $16.8m | $33.5m | $43.5m | $30.9m | $34.1m | $39.1m | |
| Cash and cash equivalents | $43.7m | $227.2m | $364.5m | $494.1m | $274.4m | $234.8m | |
| Inventory, Net | $484.4m | $1.1b | $1.4b | $1.4b | $1.7b | $2.0b | |
| Property, Plant and Equipment, Net | $4.3m | $6.8m | $7.3m | $7.0m | $26.3m | $54.7m | |
| Goodwill | $28.6m | $171.9m | $172.2m | $172.2m | $300.3m | $377.4m | |
| Intangible Assets, Net (Excluding Goodwill) | $2.7m | $9.1m | $5.0m | — | — | — | |
| Operating Lease, Right-of-Use Asset | $14.2m | $19.4m | $24.1m | $20.3m | $17.2m | — | |
| Other assets | $18.3m | $43.8m | $49.9m | $80.8m | $122.4m | $224.0m | |
| Additional Financial Items | |||||||
| Partners' Capital | $212.0m | $556.4m | $800.7m | $1.1b | — | — | |
| Restricted cash | $49.7m | $54.1m | $30.6m | $54.3m | $65.4m | $49.6m | |
| Lot deposits | $66.3m | $241.4m | $277.3m | $247.2m | $458.3m | $545.3m | |
| Mortgage loans held for sale | — | — | — | $0 | $303.4m | $205.1m | |
| Investments in unconsolidated entities | $4.5m | $16.0m | $14.0m | $15.4m | $11.5m | $26.6m | |
| Customer deposits | $59.4m | $177.7m | $145.7m | $172.6m | $125.6m | $69.6m | |
| Revolving credit facility and other borrowings | — | — | — | — | $701.4m | $822.3m | |
| Senior unsecured notes, net | — | — | $0 | $293.9m | $295.0m | $591.1m | |
| Mortgage warehouse facilities | — | — | — | $0 | $289.6m | $192.8m | |
| Contingent consideration | $23.2m | $124.1m | $115.1m | $116.8m | $68.0m | $0 | |
| Total Dream Finders Homes, Inc. stockholders’ equity | — | — | — | $924.6m | $1.2b | $1.4b | |
| Total equity | — | — | — | $937.6m | $1.3b | $1.4b | |
| Assets | $733.7m | $1.9b | $2.4b | $2.6b | $3.3b | $3.7b | |
| Total assets | $733.7m | $1.9b | $2.4b | $2.6b | $3.3b | $3.7b | |
| LIABILITIES AND EQUITY | |||||||
| Accounts payable | $37.4m | $113.5m | $134.7m | $134.1m | $147.1m | $126.1m | |
| Accrued liabilities | $67.4m | $139.4m | $184.1m | $207.4m | $263.3m | $321.5m | |
| Deferred Income Tax Liabilities, Net | — | — | — | $11.9m | $15.8m | $30.7m | |
| Long-term Debt | — | — | — | — | — | $1.6b | |
| Deferred Tax Liabilities, Net | — | $589k | $8.2m | — | — | — | |
| Liabilities | $521.7m | $1.3b | $1.6b | $1.5b | $1.9b | $2.1b | |
| Total liabilities | $521.7m | $1.3b | $1.6b | $1.5b | $1.9b | $2.1b | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | — | — | — | — | $21.5m | $29.5m | |
| Redeemable noncontrolling interests | — | — | — | $0 | $21.5m | $29.5m | |
| Stockholders’ equity: | |||||||
| Additional Paid in Capital | $0 | $258.0m | $264.8m | $275.2m | $281.6m | $298.6m | |
| Retained Earnings (Accumulated Deficit) | $0 | $118.2m | $366.0m | $648.4m | $970.3m | $1.2b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | — | — | — | $613k | |
| Redeemable preferred stock | $76.2m | $155.2m | $156.0m | $148.5m | $148.5m | $148.5m | |
| Accumulated other comprehensive income | — | — | — | — | $0 | $613k | |
| Treasury stock, at cost, 2,124,094 and 291,229 shares of Class A common stock as of December 31, 2025 and 2024 respectively | — | — | — | $0 | ($7.8m) | ($49.5m) | |
| Stockholders' Equity Attributable to Parent | — | — | — | — | $1.2b | $1.4b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | $5.5m | $1.5m | |
| Noncontrolling interests | — | — | $13.0m | $13.1m | $5.5m | $1.5m | |
| Liabilities and Equity | $733.7m | $1.9b | $2.4b | $2.6b | $3.3b | $3.7b | |
| Total liabilities, mezzanine equity and equity | $733.7m | $1.9b | $2.4b | $2.6b | $3.3b | $3.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.