DREAM FINDERS HOMES, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $217.2M | $335.3M | $295.9M | $262.3M | $121.1M | $79.1M | $39.2M |
| Depreciation & Amortization | $15.1M | $10.2M | $10.7M | $11.3M | $6.1M | $4.0M | $3.0M |
| Depreciation | $11.8M | $6.4M | $4.8M | $5.0M | $3.7M | $3.9M | $3.0M |
| Amortization | — | — | — | — | — | — | — |
| Stock-Based Compensation | $24.9M | $18.8M | $14.1M | $6.8M | $5.2M | $947.0K | $895.0K |
| Net Cash from Operating Activities | $-100.6M | $-256.6M | $374.2M | $-27.6M | $65.0M | $96.9M | $30.4M |
| Investing Activities | |||||||
| Capital Expenditures | $25.8M | $25.3M | $4.8M | $5.5M | $2.8M | $2.9M | $2.9M |
| Business Acquisitions | $184.5M | $178.1M | $0 | $280.0K | $519.5M | $16.8M | $13.0M |
| Net Cash from Investing Activities | $-225.8M | $-221.7M | $-4.5M | $-5.5M | $-523.0M | $-13.0M | $-17.8M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | $41.7M | $7.8M | $0 | $0 | — | — | — |
| Net Cash from Financing Activities | $271.0M | $269.7M | $-216.4M | $147.0M | $646.0M | $-65.8M | $26.1M |
| Net Change in Cash | $-55.4M | $-208.6M | $153.3M | $113.8M | $187.9M | $18.1M | — |
| Free Cash Flow | $-126.4M | $-282.0M | $369.5M | $-33.2M | $62.2M | $94.0M | $27.5M |