How profitable is Dream Finders Homes Inc. (Class A) (DFH)?

In FY 2025 (10-K), DFH converted $4.3B of revenue into a 52% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).

Stock Ratings / Consumer Discretionary / DFH / financials

LGIH (28) LEGH (68) HOV (42) CCS (52) ⌘ Pro Terminal →

Dream Finders Homes Inc. (Class A) (DFH) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$10.95 +11.85% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $11.16

Dream Finders Homes Inc. (Class A) (DFH) carries a Roarable Rating of D- (Sell) with 38/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $886.3M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on DFH Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is DFH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Dream Finders Homes Inc. (Class A) (NYSE: DFH) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 38/100 at a spot price of $10.95 (+11.85% 1D, market cap $886.3M). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 5/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 4/20, and Executive Insider Alignment 8/20. Across 1009 tracked Consumer Discretionary issuers, DFH ranks #752 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does DFH compare to LGIH and LEGH in the Consumer Discretionary sector?

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Within the Consumer Discretionary sector (Homebuilding), DFH carries a Roarable D- (38/100 RQD), trailing P/E of 4.2x, gross margin of —, and ROIC of 15.3%. By comparison, LGIH (LGI Homes Inc.) holds a E grade (28/100 RQD, P/E 14.0x, ROIC 3.0%, cap $1.03B) and LEGH (Legacy Housing Corporation (TX)) posts a C+ grade (68/100 RQD, P/E 16.5x, ROIC 7.4%, cap $698.3M). Among the 5-stock peer group, DFH leads on earnings multiple (4.2x) while DFH leads on capital efficiency (15.3% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for DFH?

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Per DFH's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001825088), Dream Finders Homes Inc. (Class A) generated $4.32B in revenue (-2.9% YoY), $217.4M in net income, and -$126.4M in free cash flow against $3.73B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $11.16 (+1.94%)🧬 Disciplined Float (+1.08% YoY Shares)⚙️ Cash Engine: 11/20 (D+) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (38/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.8% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • D-

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-9% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for DFH)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (38/100 Composite)

🔍 WHY DFH SCORES 38/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+11/20 pts (29% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 52% Gross Margin

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (26% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 1/9

▼ #1 Drag / Risk Factor: Macro Regime Fit4/20 pts (-16 pt drag)

Macro rate sensitivity & RSI-14 (46.9) create a -16 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$9.22+4% Next Q

Q2 (-2Q)

Grade E$9.59+7.1% Next Q

Q3 (-1Q)

Grade E$10.27+6.6% Next Q

Current

Grade D-$10.95-7.8% Hist 90D α

Trajectory: E (30) → D- (38)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a DFH Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While DFH currently carries a cautious 38/100 (D-) rating due to Macro Regime Fit (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Consumer Discretionary with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($11.18) and Max Pain ($11.50) forces dealer call-delta covering toward $22.63.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+1.08% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $DFH• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “DFH Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 38%NO 62%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How DFH Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $3.75B

FY24

Rev $4.45B

FY25

Rev $4.32B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$4.32B	52%	0%	$217.4M	-$126.4M	15.3%
FY 2024	$4.45B	52%	0%	$340.6M	-$282.0M	15.3%
FY 2023	$3.75B	52%	0%	$307.9M	$374.2M	15.3%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring DFH)

✓Walkthrough of DFH's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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DFH // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -22.01%▼ DESCENDING CHANNEL

2026-11-03O $10.04H $10.95L $9.79C $10.95VOL 1.05M

RES: $13.40SUP: $5.90SMA50: $11.18SMA200: $14.62

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

DFH Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 DFH Butterfly Map → + Track DFH →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

-15.0%/yr Implied 5Y Growth

vs. -2.9% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on DFH today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for DFH. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for DFH today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (DFH)

Consumer Discretionary Rank #752 of 1009 ⚔️ LGIH vs DFH Full Matrix →

1. Head-to-Head Consumer Discretionary Peer Comparison (DFH vs. LGIH, LEGH, HOV, CCS)

Industry: Homebuilding (31 Tracked Issuers)

Across 1009 tracked Consumer Discretionary securities in the Roarable RQD universe, Dream Finders Homes Inc. (Class A) (DFH) ranks #752 by composite RQD confidence (38/100, grade D-) and #521 by equity capitalization ($886.3M). Within this direct 5-issuer industry benchmark cohort, DFH leads on earnings valuation at 4.2x trailing P/E, while DFH leads on capital efficiency and profitability with 15.3% ROIC and — gross margin. LEGH currently holds the highest overall quantitative score in the immediate peer group at 68/100 (C+) compared with DFH at 38/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
DFH ACTIVE Dream Finders Homes Inc. (Class A)	D-	38/100	4.2x	—	15.3%	+11.85%	$886.3M	Benchmark Subject
LGIH LGI Homes Inc.	E	28/100	14.0x	20.7%	3.0%	+6.87%	$1.03B	/lgih-vs-dfh →
LEGH Legacy Housing Corporation (TX)	C+	68/100	16.5x	—	7.4%	+9.54%	$698.3M	/legh-vs-dfh →
HOV Hovnanian Enterprises Inc. (Class A)	D-	42/100	—	—	—	+5.54%	$592.5M	/hov-vs-dfh →
CCS Century Communities Inc.	D+	52/100	10.3x	—	5.7%	+3.75%	$1.49B	/ccs-vs-dfh →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001825088 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Dream Finders Homes Inc. (Class A) (DFH) reported GAAP revenue of $4.32B (-2.9% vs. FY2024 revenue of $4.45B , and +15.3% cumulative change since FY2023) , GAAP net income of $217.4M, operating cash flow of -$100.6M, and free cash flow of -$126.4M (+55.2% YoY). On the balance sheet, DFH closed FY2025 with $3.73B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 1/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$4.32B	$217.4M	-$100.6M	-$126.4M	$3.73B	—
FY2024 (FY)	2024-12-31	$4.45B	$340.6M	-$256.6M	-$282.0M	$3.33B	—
FY2023 (FY)	2023-12-31	$3.75B	$307.9M	$374.2M	$374.2M	—	—

3. DFH Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is DFH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does DFH compare to LGIH and LEGH in the Consumer Discretionary sector?

What are the biggest fundamental strengths and SEC risk factors for DFH?

Where is DFH trading relative to its 50-day, 200-day, and 52-week technical levels?

DFH last traded at $10.95 (+11.85% on volume of 1,666,382 shares), positioning the stock -2.06% below its 50-day simple moving average ($11.18) and -25.10% below its 200-day simple moving average ($14.62). Across its 52-week range of $7.30 to $21.55, DFH sits at the 25.6% percentile with a 14-day RSI of 46.9 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($9.58 to $12.32).

Direct Sub-Reports: DFH RQD Cockpit DFH 12M Forecast DFH Earnings & Move DFH Dividends & DRIP DFH Insiders & 13F DFH Whale Options DFH Profit Sankey DFH News & Why

ROARABLE RATING BRIEF • RQD 38/100 (D-) ✓ SEC XBRL & RQD VERIFIED

DFH — Dream Finders Homes Inc. (Class A): What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Dream Finders Homes Inc. (Class A) (DFH) earns a live Roarable RQD composite score of 38/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $10.95 (+11.85% 1D, market capitalization $886.3M).

Fundamental Cash Engine (11/20): Anchored by return on invested capital (ROIC) of 15.3%, gross margin of —, operating margin of —, and free cash flow yield of -13.90%.
Whale 13F & Options Flow (5/20) + Insider Conviction (8/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (4/20) + Forensic Balance Sheet (10/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 1/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Dream Finders Homes Inc. (Class A) is a NYSE-listed issuer classified in the Consumer Discretionary sector and the Homebuilding industry.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Dream Finders Homes Inc. (Class A) (DFH) reported $4.32B in annual revenue (up from $4.45B in FY2024, -2.9% YoY) and $217.4M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($3.75B revenue, $307.9M net income) through FY2025, DFH scaled operating cash flow to -$100.6M and free cash flow to -$126.4M, backed by $3.73B in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (D- • RQD 38/100): Established market leader in Consumer Discretionary with deep daily trading liquidity. Free cash flow yield of -13.90% and institutional whale pillar of 5/20. With Fundamental Cash Engine at 11/20 and Institutional Whale Flow at 5/20, sustained execution supports upside toward the upper end of the $7.30 – $21.55 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh 4.2x trailing P/E against — operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Homebuilding (Consumer Discretionary), DFH carries a macro regime beta of 1.00 and gross margin of —.

Key Question #1: Can DFH sustain or expand its — operating margin and 15.3% ROIC against Homebuilding peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $4.32B and free cash flow of -$126.4M, how will capital allocation balance growth reinvestment against $0 in total debt?
Key Question #3: How sensitive is DFH's 3.9x forward P/E multiple to Consumer Discretionary capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

DFH Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Dream Finders Homes Inc. (Class A) (DFH) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to DFH Debate Forum (3) ↓

🟡 MARKET WIRE Hunterbrook • 22h ago

Problems at Dream Finders Homes ($DFH)

Hunterbrook report covering Dream Finders Homes Inc. (Class A) (DFH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo! Finance Canada • 1d ago

Dream Finders Homes, Inc. (DFH) Stock Price, News, Quote & History

Yahoo! Finance Canada report covering Dream Finders Homes Inc. (Class A) (DFH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Substack • 1d ago

Problems at Dream Finders Homes (DFH)

Substack report covering Dream Finders Homes Inc. (Class A) (DFH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE StockInvest.us • 1d ago

Dream Finders Homes Stock Price Forecast. Should You Buy DFH?

StockInvest.us report covering Dream Finders Homes Inc. (Class A) (DFH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Seeking Alpha • 1d ago

Dream Finders Homes surges 14% amid rebound from steep slide (DFH:NYSE)

Seeking Alpha report covering Dream Finders Homes Inc. (Class A) (DFH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH GuruFocus • 1d ago

Dream Finders Homes (DFH) Shares Drop 16% Amid Short Report Spec

GuruFocus report covering Dream Finders Homes Inc. (Class A) (DFH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH Benzinga • 1d ago

Dream Finders Homes Stock in Focus as Bear Cave Flags CEO's Pledged Shares

Benzinga report covering Dream Finders Homes Inc. (Class A) (DFH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Investing.com • 1d ago

Dream Finders completes $2.2 billion Beazer Homes acquisition

Investing.com report covering Dream Finders Homes Inc. (Class A) (DFH) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

DFH Bull vs. Bear Conversation Board — What's Your Call at $10.95?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON DFH 🐻 33% BEARISH CONVICTION

QU QuantViper RQD DEBATE OPENER • Systematic Momentum Desk 🐂 BULLISH 🎯 Target: $12.92 (+32.0%)

📌 Pinned Debate

DFH (D- • RQD 38/100) operating leverage in Homebuilding is mispriced at $9.79

Long DFH at $9.79 targeting $12.92. DFH (D- • RQD 38/100) operating leverage in Homebuilding is mispriced at $9.79. Institutional whale score is 5/20 and the risk/reward vs. the $7.30 52-week low is skewed heavily in favor of bulls.

EarningsSniper 🐂 BULL

@RedlineAuditor Shorting a 5/20 institutional whale-flow stock at $9.79 is dangerous when funds are rotating into Consumer Discretionary.

RE RedlineAuditor RQD DEBATE OPENER • Accounting Quality Watch 🐻 BEARISH 🎯 Target: $7.34 (-25.0%)

Spot @ $9.79

Negative FCF yield of -13.9% and a Piotroski F-Score of 1 out of 9 point to weak cash generation and forensic balance sheet quality.

Sitting on the sidelines or leaning short DFH above $9.79. Negative FCF yield of -13.9% and a Piotroski F-Score of 1 out of 9 point to weak cash generation and forensic balance sheet quality.. Until Fundamental Cash Engine (11/20) and FCF yield (-13.9%) inflect higher, upside is capped near $21.55.