DREAM FINDERS HOMES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $4.32B | $4.45B | $3.75B | $3.34B | $1.92B | $1.13B | $744.3M |
| Cost of Revenue | — | — | $3.01B | $2.72B | $1.61B | $962.9M | $641.3M |
| Gross Profit | — | — | $736.8M | $620.2M | $313.6M | $170.9M | $103.0M |
| Gross Margin | — | — | 19.7% | 18.6% | 16.3% | 15.1% | 13.8% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $485.2M | $395.1M | $302.8M | $266.1M | $154.4M | $90.4M | $63.6M |
| Operating Income | $284.1M | $437.9M | $404.4M | $356.2M | $162.7M | $85.4M | $45.1M |
| Operating Margin | 6.6% | 9.8% | 10.8% | 10.7% | 8.5% | 7.5% | 6.1% |
| Interest Expense | — | — | — | $32.0K | $672.0K | $871.0K | $221.4K |
| Pretax Income | $284.1M | $437.9M | $404.4M | $356.2M | $162.0M | $84.5M | $44.9M |
| Income Tax Expense | $66.7M | $97.3M | $96.5M | $81.9M | $27.5M | $0 | $0 |
| Net Income | $217.2M | $335.3M | $295.9M | $262.3M | $121.1M | $79.1M | $39.2M |
| Net Margin | 5.0% | 7.5% | 7.9% | 7.8% | 6.3% | 7.0% | 5.3% |
| EPS (Basic) | $2.19 | $3.44 | $3.03 | $2.67 | $1.27 | $0.00 | $0.00 |
| EPS (Diluted) | $2.14 | $3.34 | $2.79 | $2.45 | $1.27 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 93.1M | 93.5M | 93.1M | 92.7M | 92.5M | 0 | 0 |
| Shares Outstanding (Diluted) | 101.3M | 100.3M | 106.0M | 106.7M | 95.3M | 0 | 0 |
| Dividends Per Share | — | — | — | — | — | — | — |