Dream Finders Homes, Inc. (DFH) Stock Price & Analysis
Dream Finders Homes, Inc. (DFH) closed at USD 10.12 on Thursday, October 22, 2026, up 12.20% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 9.02; the Oct 22, 2026 session ranged USD 9.03–10.18 on volume of 1,717,191 shares. Market capitalization is $916.22M, with a 52-week range of USD 7.3–23.8 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 07:54 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DFH.md
Key facts (DFH)
- Last four reported quarters (through Jun 30, 2026): revenue $4.13B, net income $147M (3.5% margin), free cash flow -$162M (SEC filings).
- Valuation: P/E 6.2x (avg 9.2x at the last 3 fiscal year-ends), net debt $1.61B.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $8.8M; 6 not under a Rule 10b5-1 plan ($8.8M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 5 Form 4 filings, $1.4M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (2 analysts).
- Total return with dividends: 1Y -56.3% vs S&P 500 +14.9%; 5Y -38.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.2, revenue estimate $1.04B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DFH)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.92B | $3.34B | $3.75B | $4.45B | $4.32B | $4.13B |
| Gross profit | $314M | $620M | $737M | — | — | — |
| Net income | $121M | $262M | $296M | $335M | $217M | $147M |
| EPS (diluted) | $1.27 | $2.45 | $2.79 | $3.34 | $2.14 | — |
| Free cash flow | $62.2M | -$33.2M | $369M | -$282M | -$126M | -$162M |
| Gross margin | 16.3% | 18.6% | 19.7% | — | — | — |
| Net margin | 6.3% | 7.8% | 7.9% | 7.5% | 5.0% | 3.5% |
| Revenue growth | +69.7% | +73.7% | +12.2% | +18.7% | -2.9% | — |
| Cash + short-term investments | $227M | $365M | $494M | $274M | $235M | — |
| Total debt | $3.3M | — | — | $1.29B | $1.61B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DFH)
P/E 6.2x · P/S 0.2x · EV/Sales 0.6x · P/B 0.6x · FCF yield -17.65% · Earnings yield 16.01% · Buyback yield (TTM) 5.67% · Net debt $1.61B · EV $2.53B
P/E at fiscal year-ends: Dec 2025 8.0x, Dec 2024 7.0x, Dec 2023 12.7x.
Insider sales (SEC Form 4, open-market, last ~7 months) (DFH)
0 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-24 | Lovett William Radford Ii | 56,590 | $943K | 1.7% | No | Too little history (no open-market trades in 2023) | |
| 2026-06-22 | Lovett William Radford Ii | 21,962 | $329K | 0.7% | No | Too little history (no open-market trades in 2023) | |
| 2026-06-17…2026-06-18 | Lovett William Radford Ii | 130,601 | $2.0M | 3.8% | No | Too little history (no open-market trades in 2023) | |
| 2026-06-15…2026-06-16 | Lovett William Radford Ii | 103,591 | $1.6M | 2.9% | No | Too little history (no open-market trades in 2023) | |
| 2026-06-11…2026-06-12 | Lovett William Radford Ii | 137,256 | $2.0M | 3.7% | No | Too little history (no open-market trades in 2023) | |
| 2026-05-19…2026-05-20 | Lovett William Radford Ii | 150,000 | $1.9M | 3.9% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (DFH)
5 purchases, $1.4M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-10 | Beckwitt Richard | Director | 10,000 | $121K | 12.07 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-03 | Sturm Len | Director | 1,500 | $20K | 13.47 | Too little history (no open-market trades in 2025) |
| 2026-08-26 | Sturm Len | Director | 1,000 | $15K | 14.72 | Too little history (no open-market trades in 2025) |
| 2026-08-21…2026-08-24 | Sturm Len | Director | 500 | $7K | 14.78 | Too little history (no open-market trades in 2025) |
| 2026-08-11…2026-08-13 | Beckwitt Richard | Director | 90,000 | $1.3M | 14.05 | Too little history (no open-market trades in 2023–2025) |
Analysts (DFH)
Consensus Hold (mean 3.00 on a 1–5 scale), 2 analysts.
Total return (dividends reinvested) (DFH)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -56.3% | -38.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -56.5% | -9.3% |
| Volatility (annualized) | 67.0% | 55.3% |
| Max drawdown | -68.0% (Oct 2025→Oct 2026) | -79.9% (Mar 2024→Oct 2026) |
DFH revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Southeast | $388.4M | 36.5% | +5.7% |
| Midwest | $355.1M | 33.4% | -22.3% |
| Mid-Atlantic | $263.7M | 24.8% | -4.1% |
| Financial Services | $56.3M | 5.3% | +10.5% |
| Total revenue | $1.06B | 100% | — |
DFH revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Homebuilding | $1.01B | 94.7% | -8.4% |
| Financial services | $56.3M | 5.3% | +10.5% |
| Total revenue | $1.06B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DFH suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | DF Capital Management | “He has served on the investment committee of DF Capital Management, LLC, an investment manager focused on investments in land banks and land development joint ventures to deliver finished lots to us and other homebuilders for the construction of new homes, since April 2018.” |
Quoted from the company's 10-K filed Feb 24, 2026.
DFH company outlook (results filed Jul 30, 2026)
- “Dream Finders Homes maintains its guidance of approximately 9,250 home closings for the full year 2026.”
- “Forward-Looking Statements This press release includes forward-looking statements regarding future events which include, but are not limited to, projected 2026 home closings and market conditions, possible or assumed future results of operations, and statements regarding the Company's strategies and expectations as they relate to market opportunities and growth.”
Quoted word-for-word from the SEC 8-K results press release.
DFH analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.20 | $0.33 | -39.4% | $1.04B | 2 |
| Next quarter (ends Dec 2026) | $0.46 | $0.58 | -21.4% | $1.29B | 2 |
| Current fiscal year (ends Dec 2026) | $1.06 | $1.34 | -20.5% | $4.24B | 2 |
| Next fiscal year (ends Dec 2027) | $0.79 | $1.54 | -49.2% | $4.35B | 2 |
DFH options: expected move
Options price a move of about ±15.6% (±$1.58) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±7.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 29 | 69.7% | ±15.6% |
| Dec 18, 2026 | 57 | 64.9% | ±20.3% |
| Jan 15, 2027 | 85 | 65.8% | ±25.0% |
| Apr 16, 2027 | 176 | 65.8% | ±35.6% |
30-day implied volatility 71.9% vs 103.4% realized over the last 30 trading days. Put/call ratio (volume) 0.23. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 07:54 UTC)
| Price | USD 10.12 |
|---|---|
| Change | ▲ 12.20% (up) |
| Previous Close | USD 9.02 |
| Open | USD 9.03 |
| Day Range | USD 9.03 – 10.18 |
| 52-Week Range | USD 7.3 – 23.8 |
| Volume | 1,717,191 shares |
| Market Cap | $916.22M |
| Exchange | NYQ |
Technical Analysis (DFH)
Nexqual's technical model rates DFH "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 07:54 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 47.86 (neutral) |
| vs SMA50 | Below (USD 11.96) |
| MACD | -0.79 (negative) |
Analyst Ratings (DFH)
Wall Street analysts rate DFH "Hold" based on 2 analysts, per Nexqual as of October 23, 2026 at 07:54 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 2 |
| Buy / Hold / Sell | 0 / 2 / 0 |
Earnings (DFH)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.2 |
| Revenue Estimate | $1.04B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.27 vs est 0.3 ▼ miss |
| 2026-03-31 | USD 0.11 vs est 0.2 ▼ miss |
| 2025-12-31 | USD 0.58 vs est 0.64 ▼ miss |
| 2025-09-30 | USD 0.47 vs est 0.5 ▼ miss |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financials & Fundamentals (DFH)
| Total Revenue | $4.13B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -7.60% |
| Gross Margin | +19.98% |
| Operating Margin | +2.41% |
| Profit Margin | +3.55% |
| ROE | +9.42% |
| Debt / Equity | 1.13 |
| Current Ratio | 7.59 |
| Total Cash | $203.49M |
| Total Debt | $1.82B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$161.75M (-3.9% of revenue) |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financial Health Score (DFH)
Nexqual rates Dream Finders Homes, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 07:54 UTC.
| Growth | Weak — Revenue -3% YoY (annual), declining |
|---|---|
| Profitability | Weak — Gross margin 20%, operating 2% (last 12 months) |
| Balance Sheet | Mixed — $203M cash and investments vs $1.82B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$162M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Mixed — ROE 9%, ROA 3.0% |
Ownership (DFH)
| Insider Ownership | +20.23% |
|---|---|
| Institutional Ownership | +95.79% |
| Shares Outstanding | 32.81M |
| Float | 26.72M |
| Short % of Float | +60.78% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Leadership (DFH)
Dream Finders Homes, Inc. is led by Patrick O. Zalupski, Founder, President, CEO & Co-Chairman of the Board of Directors, per Nexqual as of October 23, 2026 at 07:54 UTC.
| Founder, President, CEO & Co-Chairman of the Board of Directors | Patrick O. Zalupski |
|---|---|
| Chief Operating Officer | Clinton Szubinski |
| Vice President of Sales | David Zalupski |
| President of Custom Division | Marcus Meide |
| Division President of Jacksonville Division | Brad Muston |
Major Backers & Investors (DFH)
Notable institutional backers of Dream Finders Homes, Inc. include Kayne Anderson Rudnick Investment Management LLC, Jupiter Topco LLC, Cooke & Bieler LP, according to Nexqual as of October 23, 2026 at 07:54 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Kayne Anderson Rudnick Investment Management LLC | 9.36% |
| Jupiter Topco LLC | 5.86% |
| Cooke & Bieler LP | 4.63% |
| JANUS INVESTMENT FUND-Janus Henderson Triton Fund | 4.36% |
| Virtus Equity Trust-Virtus KAR Small-Cap Growth Fund | 3.76% |
| Elgethun Capital Management | 2.5% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 14.67% |
| Vanguard Group | 8.14% |
| State Street | 5.21% |
| Dimensional Fund Advisors | 4.72% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
From Dream Finders Homes, Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- Our asset-light lot acquisition strategy generally enables us to purchase land in a "just-in-time" manner in both new and existing markets with reduced up-front capital commitments, and, in turn, allows us to increase our inventory turnover rate, enhance our return on equity and support our growth.
- Our multi-level cooperation allows us to remain flexible to react quickly to changing markets or project-specific conditions and maximize the potential of each new land opportunity.
- We believe our experience, top-down emphasis on relationship building with land market participants and collaborative involvement of local, regional and corporate management in the land acquisition process enable us to identify the ideal opportunities and efficiently source and secure options to control and close acquisitions of lots to meet our growth goals, while minimizing risk.
- We strategically open communities in high-visibility areas that allow us to take advantage of local traffic patterns.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to warranty and liability claims arising in the ordinary course of business that can be significant.
- New and existing laws and regulations or other governmental actions may increase our expenses, limit the number of homes that we can build or delay completion of our projects.
- We and our subcontractors are subject to environmental, health and safety laws and regulations, which may increase our costs, result in liabilities, limit the areas in which we can build homes and delay completion of our projects.
- Environmental laws and regulations relating to climate change and energy can have an adverse impact on our activities, operations and profitability and on the availability and price of certain raw materials, such as lumber, steel and concrete.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BZH | Beazer Homes USA, Inc. | USD 33.48 | ▲ 0.09% |
| LGIH | LGI Homes, Inc. | USD 42.77 | ▲ 6.9% |
| BXBL | BOXABL, Inc. | USD 2.95 | ▲ 4.98% |
| LEGH | Legacy Housing Corporation | USD 28.31 | ▲ 3.89% |
| HOV | Hovnanian Enterprises, Inc. | USD 101.29 | ▲ 9.86% |
| GRBK | Green Brick Partners, Inc. | USD 64.94 | ▲ 7.02% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 07:54 UTC. This page is informational and not investment advice.
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