secwatch.observer — SEC 8-K summary
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Issuer:     Dream Finders Homes, Inc. (DFH)
CIK:        0001825088
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001825088-24-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dream Finders Homes Q1 2024 revenue up 8% to $825M, net income up 11%, orders up 19%
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- Homebuilding revenues $825M, +8% YoY; net income attributable to DFH $54M (+11%).
- Net new orders up 19% to 1,724; home closings up 9% to 1,655; ASP $494,995.
- Adjusted gross margin improved 200 bps to 26.3%; homebuilding gross margin 17.8% (+80 bps).
- Acquired Crescent Homes on Feb 1, 2024, expanding into Charleston, Greenville, Nashville.
- Total liquidity $500M; net debt to net cap 39.9%; return on equity 34.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825088/000182508824000028/0001825088-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825088/000182508824000028/dream-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001825088-24-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer