---
schema_version: "secwatch.filing_event.v1"
accession: "0001825088-23-000027"
form_type: "8-K"
ticker: "DFH"
cik: "0001825088"
company_name: "Dream Finders Homes, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:54:04.860111+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dream Finders Q1 revenue up 16% to $767M; net income $49M, EPS $0.49

## Summary
- Home closings 1,517 (+11% YoY); ASP $490,553 (+4%); gross margin 17.0% vs 18.7%.
- Net income attributable to DFH $49M (+12%); basic EPS $0.49 vs $0.43.
- Backlog 5,479 homes valued at $2.5B; ROE improved 510 bps to 46.0%.
- Net new orders 1,448 (down 40% YoY) but up 31% sequentially; cancellation rate 20.9% vs 32.1% Q4.
- Maintains FY2023 guidance of ~6,000 home closings; total liquidity $453M.

## SEC filing metadata
- accession: 0001825088-23-000027
- form_type: 8-K
- ticker: DFH
- cik: 0001825088
- company_name: Dream Finders Homes, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825088/000182508823000027/0001825088-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825088/000182508823000027/dream-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001825088-23-000027
- JSON: https://secwatch.observer/filing/0001825088-23-000027.json
- Plain text: https://secwatch.observer/filing/0001825088-23-000027.txt

## Key facts
- Earnings Releases
  Dream Finders Homes, Inc. reported first quarter ended March 31, 2023 results: revenue $767 million, net income $49 million, EPS $0.49 per basic share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $767 million
  - Net income: $49 million
  - EPS: $0.49 per basic share
  - Result: reported results
  source text: Homebuilding revenues in the first quarter 2023 increased 16% to $767 million, compared to $662 million in the first quarter 2022. Home closings increased 11% to 1,517, compared to 1,371 in the first quarter 2022. Average sales price (“ASP”) of homes closed for the first quarter 2023 increased to $490,553, compared to $470,218 in the first quarter 2022. Homebuilding gross margin percentage in the first quarter 2023 was 17.0%, compared to 18.7% in the first quarter 2022. The gross margin decrease was attributable to increases in cost of funds, as well as closing costs, as we continue to incentivize homebuyers to close homes. Selling, general and administrative expense (“SG&A”) as a percentage of homebuilding revenues improved 100 basis points (“bps”) to 8% in the first quarter 2023, compared to 9% in the first quarter 2022, as a result of our continued cost management efforts. In the first quarter 2023, SG&A included a $2 million charge related to write-offs of earnest deposits and due
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825088/000182508823000027/0001825088-23-000027-index.htm
- Earnings Releases
  Dream Finders Homes, Inc. updated its full year 2023 guidance (reaffirmed).
  - Period: full year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Dream Finders Homes maintains its guidance of approximately 6,000 home closings for the full year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825088/000182508823000027/0001825088-23-000027-index.htm

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