Dream Finders Homes Q3 Results: Record Closings, Net Income Down Amid Beazer Acquisition
Dream Finders Homes announced its third quarter 2026 financial results, reporting record closings for both the quarter (1,967) and year-to-date (6,127). Homebuilding revenues saw a modest 3% increase to $942 million. However, net income attributable to DFH significantly decreased to $7 million (less than a one cent loss per share) from $47 million ($0.47 per share) in the prior year's quarter, partly due to $23 million in Beazer acquisition costs. The company also completed the transformational acquisition of Beazer Homes USA, Inc. on October 20, 2026, expecting significant synergies. Despite margin pressures and acquisition costs, Dream Finders Homes reiterated its full-year guidance of approximately 9,250 home closings.
Key Highlights
- Dream Finders Homes reported Q3 2026 home closings of 1,967, a record for the quarter and year-to-date closings of 6,127.
- Homebuilding revenues increased 3% to $942 million in Q3 2026 compared to $917 million in Q3 2025.
- Q3 2026 net income attributable to DFH was $7 million, or less than a one cent loss per basic share, compared to $47 million, or $0.47 per basic share in Q3 2025.
- Adjusted homebuilding gross margin (non-GAAP) was 24.1% in Q3 2026, down from 26.7% in Q3 2025.
- The company completed the acquisition of Beazer Homes USA, Inc. on October 20, 2026.
- Total liquidity was $521 million as of September 30, 2026.
- Dream Finders Homes reiterates its 2026 full-year guidance of approximately 9,250 home closings.
Price Impact
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