v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 210,320 $ 274,384
Restricted cash 48,083 65,441
Accounts receivable 43,859 34,126
Inventories 1,990,807 1,715,357
Lot deposits 531,193 458,303
Other assets 283,677 165,880
Investments in unconsolidated entities 12,082 11,454
Mortgage loans held for sale 152,261 303,393
Goodwill 377,772 300,313
Total assets 3,650,054 3,328,651
Liabilities    
Accounts payable 173,972 147,143
Accrued liabilities 283,290 281,465
Customer deposits 84,824 125,601
Revolving credit facility and other borrowings 1,140,353 701,386
Senior unsecured notes, net 295,712 295,049
Mortgage warehouse facilities 144,287 289,617
Contingent consideration 13,891 68,030
Total liabilities 2,136,329 1,908,291
Commitments and contingencies (Note 5)
Mezzanine Equity    
Redeemable preferred stock 148,500 148,500
Redeemable noncontrolling interests 29,539 21,451
Equity    
Accumulated other comprehensive income 583 0
Additional paid-in capital 288,429 281,559
Retained earnings 1,074,986 970,253
Treasury stock, at cost, 1,281,197 and 291,229 shares of Class A common stock as of June 30, 2025 and December 31, 2024, respectively (30,847) (7,827)
Total Dream Finders Homes, Inc. stockholders’ equity 1,334,095 1,244,922
Noncontrolling interests 1,591 5,487
Total equity 1,335,686 1,250,409
Total liabilities, mezzanine equity and equity 3,650,054 3,328,651
Class A Common Stock    
Equity    
Common stock, value 367 360
Class B Common Stock    
Equity    
Common stock, value $ 577 $ 577