Dream Finders Homes Inc. Class A Common Stock (DFH)

FairStock Score: 52/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am looking at a cyclical homebuilder at a moment when the cycle is clearly working against it. In fiscal Q2 2026, the quarter ended 2026-06-30, Dream Finders earned $27.7 million on $1.1 billion of revenue and $0.27 per diluted share. In fiscal Q2 2025, the quarter ended 2025-06-30, it earned $56.6 million, or $0.56 per diluted share, on $1.2 billion of revenue. For FY2025, the year ended 2025-12-31, revenue was $4.3 billion, net income $217.2 million, and diluted EPS $2.14, down from FY2024 net income of $335.3 million and EPS of $3.34. That is a sharp decline, not a stable earnings stream. The balance sheet and cash flow deserve caution. FairStock shows trailing free cash flow of -$161.8 million and an FCF yield of -19.2%. Debt-to-equity is 1.13, and the Altman Z-Score is 1.25, which is not comforting. ROCE is only 3.03%. Still, at the 2026-10-13 close of $9.22, FairStock's P/E is 6.54, P/B is 0.59, and the Graham Number is $23.48, implying a 60.73% margin of safety. The Piotroski F-Score is 6/9. This is a commodity-like, cyclical business with little durable moat. The price looks statistically cheap, but negative cash flow and falling profits mean the discount may be deserved. I would want evidence that the housing cycle has stabilized and cash generation turns positive before trusting the asset value.

In plain English: Dream Finders Homes builds and sells single-family homes in several U.S. regions. The business is still profitable, but recent quarterly and yearly profits have fallen, and the company is using cash. At $9.22 a share, the price looks low compared with the company's accounting value and past earnings, though the weak trend means it may be cheap for a reason.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer