---
schema_version: "secwatch.filing_event.v1"
accession: "0001825088-22-000054"
form_type: "8-K"
ticker: "DFH"
cik: "0001825088"
company_name: "Dream Finders Homes, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:48:51.370654+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Dream Finders Q3 net income up 264% to $70M; homebuilding revenue $784M; cancellation rate 25.5%

## Summary
- Homebuilding revenues $784M (+117% YoY); net income $70M ($0.71 EPS) vs $19M ($0.20) in Q3 2021.
- Home closings up 68% to 1,542; ASP up 30% to $487,852; gross margin improved 260 bps to 18.6%.
- Net new orders down 15% to 1,110; cancellation rate increased to 25.5% from 13.9%.
- Hurricane Ian caused ~178 missed closings with estimated $74M revenue impact; no material property damage.
- Backlog of 6,758 homes valued at $3.1B; FY22 guidance reaffirms minimum 7,000 closings.

## SEC filing metadata
- accession: 0001825088-22-000054
- form_type: 8-K
- ticker: DFH
- cik: 0001825088
- company_name: Dream Finders Homes, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825088/000182508822000054/0001825088-22-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825088/000182508822000054/dream-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001825088-22-000054
- JSON: https://secwatch.observer/filing/0001825088-22-000054.json
- Plain text: https://secwatch.observer/filing/0001825088-22-000054.txt

## Key facts
- Earnings Releases
  Dream Finders Homes, Inc. reported the third quarter ended September 30, 2022 results: revenue $784 million, net income $70 million, EPS $0.71 per basic share.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $784 million
  - Net income: $70 million
  - EPS: $0.71 per basic share
  - Result: reported results
  source text: the third quarter ended September 30, 2022. Third Quarter 2022 Highlights (As Compared to Third Quarter 2021, unless otherwise noted) • Homebuilding revenues increased 117% to $784 million from $361 million • Gross margin as a percentage of homebuilding revenues increased 260 basis points (bps) to 18.6% from 16.0% • Pre-tax income increased 196% to $82 million,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825088/000182508822000054/0001825088-22-000054-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.