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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 435,375 $ 234,766
Restricted cash 43,638 49,624
Accounts receivable 32,823 39,120
Inventories 2,140,634 2,025,662
Lot deposits 534,159 545,253
Mortgage loans held for sale 147,184 205,089
Other assets 241,462 223,999
Investments in unconsolidated entities 20,256 26,610
Goodwill 377,361 377,361
Total assets 3,972,892 3,727,484
Liabilities    
Accounts payable 123,162 126,130
Accrued liabilities 279,781 321,457
Customer deposits 86,123 69,593
Revolving credit facility and other borrowings 1,158,261 822,296
Senior unsecured notes, net 591,693 591,060
Mortgage warehouse facilities 139,031 192,837
Total liabilities 2,378,051 2,123,373
Commitments and contingencies (Note 5)
Mezzanine Equity    
Redeemable preferred stock 148,500 148,500
Redeemable noncontrolling interests 29,539 29,539
Equity    
Accumulated other comprehensive (loss) income (452) 613
Additional paid-in capital 298,679 298,594
Retained earnings 1,183,831 1,173,950
Treasury stock, at cost, 3,187,654 and 2,124,094 shares of Class A common stock as of March 31, 2026 and December 31, 2025, respectively (68,008) (49,526)
Total Dream Finders Homes, Inc. stockholders’ equity 1,415,001 1,424,575
Noncontrolling interests 1,801 1,497
Total equity 1,416,802 1,426,072
Total liabilities, mezzanine equity and equity 3,972,892 3,727,484
Class A Common Stock    
Equity    
Common stock, value 374 367
Class B Common Stock    
Equity    
Common stock, value $ 577 $ 577