Earnings Releases·Oct 29, 2026, 9:27 AM ET

Dream Finders Homes — Third Quarter 2026 Earnings Summary

Homebuilding revenues rose 3% year-over-year to $942 million and closings increased 3% to 1,967 units, though net sales fell 15% to 1,712 units (up 6% excluding built-for-rent activity) and homebuilding gross margin declined to 14.9% from 17.5%.
Net income attributable to DFH dropped to $7 million from $47 million in the prior year; excluding $23 million in Beazer acquisition costs, adjusted net income was $27 million ($0.22 per share).
The company completed its $2.2 billion all-cash acquisition of Beazer Homes USA on October 20, 2026, positioning itself as the 6th largest U.S. homebuilder and anticipating $100 million in cost synergies.
Full-year 2026 guidance remains at approximately 9,250 home closings, with management expecting additional nonrecurring transaction costs and deal abandonment charges in Q4 as it optimizes the combined land portfolio.
Capital return activities included $6 million in share repurchases and a preferred stock redemption/issuance transaction, while total liquidity stood at $521 million and net homebuilding debt to net capitalization rose to 48.1%.