Dream Finders Homes Announces Third Quarter 2026 Results
Key Highlights
- ➤Q3 homebuilding revenue rose 3% to $942 million, while closings increased 3% to 1,967
- ➤Q3 net income fell to $7 million from $47 million; Beazer costs reduced earnings
- ➤Q3 homebuilding gross margin declined to 14.9% from 17.5%
- ➤Beazer acquisition completed for approximately $2.2 billion enterprise value on October 20
- ➤2026 home-closing guidance reiterated at approximately 9,250 homes
Expert Statements
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“Buyers faced a challenging summer, as rising mortgage rates further strained affordability and weighed on consumer confidence.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“I’m proud of how our team navigated these market conditions.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“Margins remain under pressure, and we continue to carefully balance sales pace and price.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“The operational and cost reduction improvements we outlined last quarter are being implemented across our 365 communities, and we are beginning to see overhead costs trend lower.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“While these efforts are gaining traction and we saw sequential homebuilding gross margin improvement of 70 bps this quarter, we remain focused on further streamlining our operations, improving efficiency and strengthening our cost structure.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“Since quarter end, we completed the Beazer acquisition.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“Our third-quarter results include $23 million of one-time transaction costs related to the deal, and we expect additional nonrecurring transaction and integration costs in the fourth quarter.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“Beazer is a transformational acquisition for our Company, and we expect to generate significant synergies and earnings with our increased scale as the 6(th) largest homebuilder in the United States.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“We have a detailed integration plan in place and are extremely focused on achieving our fourth-quarter home closing targets.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“Reducing leverage remains a key priority, and we will provide updates on our progress in the coming quarters.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“As we evaluate the combined Dream Finders and Beazer land portfolio post-acquisition, we intend to optimize our capital allocation by prioritizing higher margin opportunities and exercising our option to terminate land deals that do not meet our return thresholds.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“Accordingly, we anticipate recording deal abandonment charges in the fourth quarter as we take steps to strengthen returns and enhance the long-term performance of the combined Company.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“Our priorities are straightforward: protecting returns, managing disciplined inventory levels, generating cash and realizing the $100 million cost savings we outlined for Beazer.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“We are building this Company for the long term, and a tough market won’t change how we make decisions that create lasting value for our shareholders.”
Patrick Zalupski, Founder, Co-Chairman and CEO of Dream Finders Homes
“We reiterate our 2026 full-year guidance of approximately 9,250 home closings.”
Dream Finders Homes, Inc. (the “Company,” “Dream Finders Homes,” “Dream Finders” or “DFH”) (NYSE: DFH) announced its financial results for the third quarter ended September 30, 2026.
Third Quarter 2026 Highlights (As Compared to Third Quarter 2025)
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