earnings
confidence high
sentiment negative
materiality 0.75
Dream Finders Q3 revenue $917M (-7% YoY); EPS $0.47; net new orders +20%; guidance cut to 8,500 closings
Dream Finders Homes, Inc.
2025-Q3 EPS reported
$1.56
revenue$3,110,180,000
- Homebuilding revenue $917M (-7% YoY); closings 1,915 (+1%, record); net new orders 2,021 (+20%, record).
- GAAP EPS $0.47 vs $0.72; pre-tax income $61M vs $92M; adjusted homebuilding gross margin 26.7% (down 90 bps).
- Issued $300M senior notes at 6.875% due 2030; proceeds used to reduce revolver; total liquidity $625M.
- Financial services pre-tax income +11% to $9M; repurchased 357,715 shares for $10M in Q3.
- Revised FY2025 home closing guidance to ~8,500; cites challenging housing market and near-term headwinds.