Filing Flows › Dream Finders Homes (DFH) › Q3 2026
Dream Finders Homes (DFH) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Dream Finders Homes (DFH) reported revenue of $996M for the third quarter 2026 (Q3 2026), +3% from a year earlier and -6% from the quarter before. Operating margin was 1.3%, net earnings $7.1M (0.7% of revenue).
Dream Finders Homes, Q3 2026: revenue $996M (+3% year over year), operating margin 1.3%, net earnings $7.1M, operating cash flow −$153M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $996M | -6% | +3% |
| Operating profit | $13.2M | -64% | -78% |
| Net earnings | $7.1M | -74% | -85% |
| Operating cash flow | −$153M | — | — |
What changed
Revenue was $996.0M in Q3 2026, up 3% year over year and down 6% from the previous quarter. Homebuilding was the largest line at 95% of revenue. Homebuilding added $25.7M year over year (up 3%), 98% of the total change.
Operating profit was $13.2M, a 1.3% margin (down 4.9 points year over year). Operating profit fell $47.6M even though revenue rose $26.2M versus Q3 2025, so costs grew faster than sales. Total costs grew 8% against revenue growth of 3%. The fastest-growing cost line was SG&A (+32%). Net earnings were $6.7M, down 86% year over year. The effective tax rate was 45.7%.
Operating cash flow was −$153.3M. Non-cash charges added back $6.2M of depreciation and amortization and $5.9M of share-based compensation. Working capital and other items used $172.5M. Capital expenditures of $5.2M exceeded it, leaving free cash flow of −$158.5M.
Questions
What was Dream Finders Homes' revenue in the third quarter 2026?
Dream Finders Homes (DFH) reported revenue of $996M for the third quarter 2026 (Q3 2026), +3% from a year earlier and -6% from the quarter before.
Was Dream Finders Homes profitable in the third quarter 2026?
Operating profit was $13.2M (1.3% of revenue) and net earnings $7.1M.