Filing Flows › Dream Finders Homes (DFH) › Q1 2026
Dream Finders Homes (DFH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Dream Finders Homes (DFH) reported revenue of $888M for the first quarter 2026 (Q1 2026), -10% from a year earlier and -27% from the quarter before. Operating margin was 2.1%, net earnings $13.6M (1.5% of revenue).
Dream Finders Homes, Q1 2026: revenue $888M (-10% year over year), operating margin 2.1%, net earnings $13.6M, operating cash flow −$49.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $888M | -27% | -10% |
| Operating profit | $18.8M | -76% | -74% |
| Net earnings | $13.6M | -77% | -75% |
| Operating cash flow | −$49.5M | -135% | — |
What changed
Revenue was $887.8M in Q1 2026, down 10% year over year and down 27% from the previous quarter. Homebuilding was the largest line at 94% of revenue. Homebuilding lost $133.4M year over year (down 14%), 131% of the total change.
Operating profit was $18.8M, a 2.1% margin (down 5.1 points year over year). Total costs fell 5% while revenue fell 10%. Net earnings were $13.3M, down 76% year over year. The effective tax rate was 27.9%.
Operating cash flow was −$49.5M. Non-cash charges added back $5.2M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $73.5M. Capital expenditures of $5.3M exceeded it, leaving free cash flow of −$54.8M.
Questions
What was Dream Finders Homes' revenue in the first quarter 2026?
Dream Finders Homes (DFH) reported revenue of $888M for the first quarter 2026 (Q1 2026), -10% from a year earlier and -27% from the quarter before.
Was Dream Finders Homes profitable in the first quarter 2026?
Operating profit was $18.8M (2.1% of revenue) and net earnings $13.6M.