Filing Flows › Dream Finders Homes (DFH) › Q2 2025
Dream Finders Homes (DFH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Dream Finders Homes (DFH) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), +9% from a year earlier and +16% from the quarter before. Operating margin was 6.4%, net earnings $56.6M (4.9% of revenue).
Dream Finders Homes, Q2 2025: revenue $1.2B (+9% year over year), operating margin 6.4%, net earnings $56.6M, operating cash flow −$68.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +16% | +9% |
| Operating profit | $74.1M | +4% | -30% |
| Net earnings | $56.6M | +3% | -30% |
| Operating cash flow | −$68.5M | — | — |
What changed
Revenue was $1.2B in Q2 2025, up 9% year over year and up 16% from the previous quarter. Homebuilding was the largest line at 96% of revenue. Financial services added $0.05B year over year (up 1350%), 50% of the total change.
Operating profit was $0.07B, a 6.4% margin (down 3.6 points year over year). Operating profit fell $0.03B even though revenue rose $0.09B versus a year earlier, so costs grew faster than sales. Total costs grew 13% against revenue growth of 9%. The fastest-growing cost line was SG&A (+39%). Net earnings were $0.06B, down 30% year over year. The effective tax rate was 23.7%.
Operating cash flow was −$0.07B. Non-cash charges added back $3.8M of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.08B.
Questions
What was Dream Finders Homes' revenue in the second quarter 2025?
Dream Finders Homes (DFH) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), +9% from a year earlier and +16% from the quarter before.
Was Dream Finders Homes profitable in the second quarter 2025?
Operating profit was $74.1M (6.4% of revenue) and net earnings $56.6M.