Business
Dream Finders Announces First Quarter 2025 Results
JACKSONVILLE, Fla., May 06, 2025--Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE: DFH) announced its financial results for the first quarter ended March 31, 2025.
About this update from Dream Finders Homes, Inc.
[{"type":"text","content":"First Quarter Homebuilding Revenues Increased 18%","length":49,"tagName":"p","attribs":{}},{"type":"text","content":"Home Closings Up 16%; Homebuilding Gross Margin Up 140 bps to 19.2%","length":67,"tagName":"p","attribs":{}},{"type":"text","content":"Return on Participating Equity of 28.5%","length":39,"tagName":"p","attribs":{}},{"type":"text","content":"JACKSONVILLE, Fla., May 06, 2025--(BUSINESS WIRE)--Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE: DFH) announced its financial results for the first quarter ended March 31, 2025.","length":269,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights (As Compared to First Quarter 2024)","length":65,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Homebuilding revenues increased 18% to $970 million from $825 million","length":69,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Home closings increased 16% to 1,925 from 1,655","length":47,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net new orders increased 18% to 2,032 from 1,724","length":48,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Homebuilding gross margin of 19.2% compared to 17.8%","length":52,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted homebuilding gross margin (non-GAAP) of 27.8% compared to 26.3%","length":72,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Pre-tax income remained consistent at $71 million","length":49,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income attributable to DFH of $55 million, or $0.55 per basic share compared to $54 million, or $0.55 per basic share","length":121,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Financial services pre-tax income increased 29% to $7 million from $5 million","length":77,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Controlled lot pipeline of 60,538 as of March 31, 2025 compared to 54,698 as of December 31, 2024","length":97,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total liquidity of $677 million as of March 31, 2025, comprised of cash and cash equivalents and availability under the revolving credit facility","length":145,"tagName":"p","attribs":{}}]},{"val":[{...