Dream Finders Homes Q2 Net Sales 2,232, Closings 2,290; Net Income $28M
Dream Finders Homes, Inc. announced its second quarter 2026 financial results, reporting record net sales of 2,232 homes, up 15%, and record home closings of 2,290, up 3%. Despite these operational achievements, homebuilding revenues decreased to $1.0 billion, and net income attributable to DFH fell to $28 million, or $0.27 per basic share, compared to $57 million, or $0.57 per basic share in the prior year. The company cited challenging market conditions, lower average sales prices, and constrained margins, but highlighted efforts to improve cost structure and announced key management appointments, including a new COO and two new Board members. Dream Finders Homes reiterated its full-year 2026 guidance of approximately 9,250 home closings.
Key Highlights
- Net sales increased 15% to 2,232 homes in Q2 2026.
- Home closings increased 3% to 2,290 homes in Q2 2026.
- Net income attributable to DFH decreased to $28 million, or $0.27 per basic share.
- Homebuilding revenues decreased to $1.0 billion from $1.1 billion year-over-year.
- Homebuilding gross margin was 14.2%, down from 16.5% in Q2 2025.
- Active community count increased 30% year-over-year to 353 communities.
- Repurchased 1,012,621 Class A common shares for $15 million.
- Full-year 2026 guidance for approximately 9,250 home closings was maintained.
Price Impact
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