Dream Finders Homes, Inc. (NYSE: DFH), a leading homebuilder focused on single-family homes, reported an increase in total home sales for Q4 2025. Meanwhile, homebuilding revenues declined year-over-year.
- Net unit sales increased 9% to 1,756 in Q4 from 1,611 in the corresponding quarter last year
- Homebuilding revenues were $1.2 billion compared to $1.5 billion; home closings declined to 2,536 from 3,008 last year
- Q4 homebuilding gross margin was 16.7%, vs. 17.7% last year; adjusted homebuilding gross margin dropped to 25.7%
- Net income attributable to the company declined to $59 million in Q4 from $129 million in the prior-year period
- On a per-share basis, earnings fell to $0.60 from $1.35 in the fourth quarter of fiscal 2024
- Pre-tax income declined to $78 million from $169 million last year; financial services pre-tax income was $8 million
- As of December 31, 2025, the company had a backlog of 1,839 homes, valued at $0.8 billion
- For fiscal 2026, management expects approximately 9,250 home closings