Dream Finders Homes, Inc. Announces First Quarter 2026 Financial Results

Dream Finders Homes, Inc. reported its financial results for the first quarter ended March 31, 2026. The company achieved record net sales of 2,408, a 19% increase compared to the prior year quarter, despite challenging market conditions characterized by elevated mortgage rates and macroeconomic uncertainty. Homebuilding revenues decreased by 14% to $837 million, primarily due to lower average selling prices and a decrease in home closings to 1,870. The homebuilding gross margin percentage declined to 14.5% from 19.2% in the prior year quarter, attributed to increased sales incentives and higher land and financing costs. Adjusted homebuilding gross margin was 24.3%, down from 27.8% in Q1 2025. Pre-tax income decreased to $19 million from $71 million in Q1 2025, resulting in a net income attributable to DFH of $13 million, or $0.11 per basic share, compared to $55 million, or $0.55 per basic share, in the prior year quarter. Financial services pre-tax income increased to $9 million from $7 million. The company maintained its full-year 2026 guidance of approximately 9,250 home closings. As of March 31, 2026, the company had a backlog of 2,377 homes valued at $1.1 billion and total liquidity of $661 million.