Business
Dream Finders Announces Fourth Quarter and Full Year 2024 Results
JACKSONVILLE, Fla., February 25, 2025--Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE: DFH) announced its financial results for the fourth quarter and full year ended December 31, 2024.
About this update from Dream Finders Homes, Inc.
[{"type":"text","content":"Company Record Homebuilding Revenues of $1.5 billion for Fourth Quarter and $4.4 billion for Full Year 2024","length":107,"tagName":"p","attribs":{}},{"type":"text","content":"Net Income Up 27% for Fourth Quarter and 13% for Full Year 2024","length":63,"tagName":"p","attribs":{}},{"type":"text","content":"Return on Participating Equity of 29.7%","length":39,"tagName":"p","attribs":{}},{"type":"text","content":"JACKSONVILLE, Fla., February 25, 2025--(BUSINESS WIRE)--Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE: DFH) announced its financial results for the fourth quarter and full year ended December 31, 2024.","length":292,"tagName":"p"},{"type":"text","content":"Fourth Quarter 2024 Highlights (As Compared to Fourth Quarter 2023)","length":67,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Homebuilding revenues increased 35% to $1.5 billion from $1.1 billion","length":69,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Home closings increased 40% to 3,008 from 2,153","length":47,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net new orders increased 46% to 1,611 from 1,106","length":48,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Homebuilding gross margin of 17.7% compared to 20.5%","length":52,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted homebuilding gross margin (non-GAAP) of 26.9% compared to 28.1%","length":72,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Pre-tax income increased 24% to $169 million from $135 million","length":62,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income attributable to DFH increased 27% to $129 million, or $1.35 per basic share, from $102 million, or $1.06 per basic share","length":131,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Financial services pre-tax income increased 94% to $11 million from $6 million","length":78,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":559,"olType":false},{"type":"text","content":"Full Year 2024 Highlights (As Compared to Full Year 2023, Unless Otherwise Noted)","length":81,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Homebuilding revenues increased 18% to $4.4 b...