secwatch.observer — SEC 8-K summary
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Issuer:     Dream Finders Homes, Inc. (DFH)
CIK:        0001825088
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001825088-22-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825088/000182508822000054/0001825088-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825088/000182508822000054/dream-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001825088-22-000054

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