Dream Finders Homes (DFH)
Market Price (10/22/2026): $9.02 | Market Cap: $823.5 MilSector: Consumer Discretionary | Industry: Homebuilding
Dream Finders Homes (DFH)
Market Price (10/22/2026): $9.02Market Cap: $823.5 MilSector: Consumer DiscretionaryIndustry: Homebuilding
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -47% Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include IoT for Buildings, Energy Efficient Building Materials, Show more. | Weak multi-year price returns2Y Excs Rtn is -105%, 3Y Excs Rtn is -132% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 196% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg QQuarterly Revenue Change % is -7.6% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.9% Key risksDFH key risks include [1] a significant debt burden that could lead to shareholder dilution and [2] geographic concentration in the Sunbelt states, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -47% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include IoT for Buildings, Energy Efficient Building Materials, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -105%, 3Y Excs Rtn is -132% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 196% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg QQuarterly Revenue Change % is -7.6% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.9% |
| Key risksDFH key risks include [1] a significant debt burden that could lead to shareholder dilution and [2] geographic concentration in the Sunbelt states, Show more. |
Qualitative Assessment
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Updated on 10/20/2026
Dream Finders Homes (DFH) stock has lost about 50% since 6/30/2026 because of the following key factors:
1. Deteriorating macroeconomic environment for homebuilders.
Rising mortgage rates significantly impacted housing affordability and dampened demand, with the 30-year fixed mortgage rate climbing to 6.76% by September 10, 2026, a notable increase from rates near 6.00% earlier in the year. This contributed to builder sentiment falling to a 14-year low in October 2026. Additionally, increased costs for energy, materials, and labor, alongside client financial uncertainty, posed ongoing challenges for the construction industry during fiscal Q3 2026.
2. Weakening company-specific financial performance and industry pricing pressure.
Dream Finders Homes reported an earnings per share (EPS) of $0.27 for fiscal Q2 2026, missing the consensus estimate of $0.30 by 10.0%. Furthermore, homebuilding revenues decreased by 8% to $1.0 billion in fiscal Q2 2026 compared to the prior year, primarily due to lower average selling prices despite an increase in closings. Net income for Q2 2026 was $27.8 million, a significant decline from $56.5 million in Q2 2025. Broader industry trends also show increased pricing pressure, with 43% of builders cutting prices in October (the highest share since 2020), at an average of 6%, and 65% using sales incentives, reflecting a challenging sales environment.
Show more
Dream Finders Homes (DFH) stock has lost about 50% since 6/30/2026 because of the following key factors:
1. Deteriorating macroeconomic environment for homebuilders.
Rising mortgage rates significantly impacted housing affordability and dampened demand, with the 30-year fixed mortgage rate climbing to 6.76% by September 10, 2026, a notable increase from rates near 6.00% earlier in the year. This contributed to builder sentiment falling to a 14-year low in October 2026. Additionally, increased costs for energy, materials, and labor, alongside client financial uncertainty, posed ongoing challenges for the construction industry during fiscal Q3 2026.
2. Weakening company-specific financial performance and industry pricing pressure.
Dream Finders Homes reported an earnings per share (EPS) of $0.27 for fiscal Q2 2026, missing the consensus estimate of $0.30 by 10.0%. Furthermore, homebuilding revenues decreased by 8% to $1.0 billion in fiscal Q2 2026 compared to the prior year, primarily due to lower average selling prices despite an increase in closings. Net income for Q2 2026 was $27.8 million, a significant decline from $56.5 million in Q2 2025. Broader industry trends also show increased pricing pressure, with 43% of builders cutting prices in October (the highest share since 2020), at an average of 6%, and 65% using sales incentives, reflecting a challenging sales environment.
Show more
Updated on 10/20/2026
Dream Finders Homes (DFH) stock has lost about 50% since 6/30/2026 because of the following key factors:
1. Deteriorating macroeconomic environment for homebuilders.
Rising mortgage rates significantly impacted housing affordability and dampened demand, with the 30-year fixed mortgage rate climbing to 6.76% by September 10, 2026, a notable increase from rates near 6.00% earlier in the year. This contributed to builder sentiment falling to a 14-year low in October 2026. Additionally, increased costs for energy, materials, and labor, alongside client financial uncertainty, posed ongoing challenges for the construction industry during fiscal Q3 2026.
2. Weakening company-specific financial performance and industry pricing pressure.
Dream Finders Homes reported an earnings per share (EPS) of $0.27 for fiscal Q2 2026, missing the consensus estimate of $0.30 by 10.0%. Furthermore, homebuilding revenues decreased by 8% to $1.0 billion in fiscal Q2 2026 compared to the prior year, primarily due to lower average selling prices despite an increase in closings. Net income for Q2 2026 was $27.8 million, a significant decline from $56.5 million in Q2 2025. Broader industry trends also show increased pricing pressure, with 43% of builders cutting prices in October (the highest share since 2020), at an average of 6%, and 65% using sales incentives, reflecting a challenging sales environment.
3. Market concerns regarding the $2.2 billion all-cash acquisition of Beazer Homes.
The completion of the $2.2 billion all-cash acquisition of Beazer Homes USA, Inc. on October 20, 2026, while expected to create the sixth-largest U.S. homebuilder and yield over $100 million in annual run-rate cost synergies, may have introduced market concerns. Large acquisitions, particularly all-cash deals of this scale, can lead to investor apprehension regarding the immediate impact on leverage and the execution risks associated with integrating a sizable new entity, despite management's stated aim to improve leverage metrics within 18 to 24 months.
Show less
Dream Finders Homes (DFH) stock has lost about 50% since 6/30/2026 because of the following key factors:
1. Deteriorating macroeconomic environment for homebuilders.
Rising mortgage rates significantly impacted housing affordability and dampened demand, with the 30-year fixed mortgage rate climbing to 6.76% by September 10, 2026, a notable increase from rates near 6.00% earlier in the year. This contributed to builder sentiment falling to a 14-year low in October 2026. Additionally, increased costs for energy, materials, and labor, alongside client financial uncertainty, posed ongoing challenges for the construction industry during fiscal Q3 2026.
2. Weakening company-specific financial performance and industry pricing pressure.
Dream Finders Homes reported an earnings per share (EPS) of $0.27 for fiscal Q2 2026, missing the consensus estimate of $0.30 by 10.0%. Furthermore, homebuilding revenues decreased by 8% to $1.0 billion in fiscal Q2 2026 compared to the prior year, primarily due to lower average selling prices despite an increase in closings. Net income for Q2 2026 was $27.8 million, a significant decline from $56.5 million in Q2 2025. Broader industry trends also show increased pricing pressure, with 43% of builders cutting prices in October (the highest share since 2020), at an average of 6%, and 65% using sales incentives, reflecting a challenging sales environment.
3. Market concerns regarding the $2.2 billion all-cash acquisition of Beazer Homes.
The completion of the $2.2 billion all-cash acquisition of Beazer Homes USA, Inc. on October 20, 2026, while expected to create the sixth-largest U.S. homebuilder and yield over $100 million in annual run-rate cost synergies, may have introduced market concerns. Large acquisitions, particularly all-cash deals of this scale, can lead to investor apprehension regarding the immediate impact on leverage and the execution risks associated with integrating a sizable new entity, despite management's stated aim to improve leverage metrics within 18 to 24 months.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -47.7% change in DFH stock from 6/30/2026 to 10/21/2026 was primarily driven by a -37.9% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.26 | 9.02 | -47.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,221 | 4,134 | -2.1% |
| Net Income Margin (%) | 4.2% | 3.5% | -14.7% |
| P/E Multiple | 9.0 | 5.6 | -37.9% |
| Shares Outstanding (Mil) | 92 | 91 | 0.8% |
| Cumulative Contribution | -47.7% |
Market Drivers
6/30/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| DFH | -47.7% | |
| Market (SPY) | 3.5% | 25.3% |
| Sector (XLY) | -1.5% | 32.2% |
Fundamental Drivers
The -35.2% change in DFH stock from 3/31/2026 to 10/21/2026 was primarily driven by a -29.4% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.92 | 9.02 | -35.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,323 | 4,134 | -4.4% |
| Net Income Margin (%) | 5.0% | 3.5% | -29.4% |
| P/E Multiple | 5.9 | 5.6 | -5.4% |
| Shares Outstanding (Mil) | 93 | 91 | 1.4% |
| Cumulative Contribution | -35.2% |
Market Drivers
3/31/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| DFH | -35.2% | |
| Market (SPY) | 19.2% | 28.5% |
| Sector (XLY) | 6.2% | 40.4% |
Fundamental Drivers
The -65.2% change in DFH stock from 9/30/2025 to 10/21/2026 was primarily driven by a -46.4% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.92 | 9.02 | -65.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,707 | 4,134 | -12.2% |
| Net Income Margin (%) | 6.6% | 3.5% | -46.4% |
| P/E Multiple | 7.8 | 5.6 | -27.8% |
| Shares Outstanding (Mil) | 93 | 91 | 2.3% |
| Cumulative Contribution | -65.2% |
Market Drivers
9/30/2025 to 10/21/2026| Return | Correlation | |
|---|---|---|
| DFH | -65.2% | |
| Market (SPY) | 17.0% | 28.7% |
| Sector (XLY) | -3.0% | 41.0% |
Fundamental Drivers
The -59.4% change in DFH stock from 9/30/2023 to 10/21/2026 was primarily driven by a -53.3% change in the company's Net Income Margin (%).| (LTM values as of) | 9302023 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.23 | 9.02 | -59.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,600 | 4,134 | 14.8% |
| Net Income Margin (%) | 7.6% | 3.5% | -53.3% |
| P/E Multiple | 7.6 | 5.6 | -25.7% |
| Shares Outstanding (Mil) | 93 | 91 | 2.0% |
| Cumulative Contribution | -59.4% |
Market Drivers
9/30/2023 to 10/21/2026| Return | Correlation | |
|---|---|---|
| DFH | -59.4% | |
| Market (SPY) | 87.1% | 34.3% |
| Sector (XLY) | 46.8% | 42.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DFH Return | -7% | -55% | 310% | -35% | -27% | -44% | -54% |
| Peers Return | 53% | -22% | 93% | 1% | -3% | -6% | 111% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| DFH Win Rate | 58% | 42% | 75% | 50% | 42% | 50% | |
| Peers Win Rate | 75% | 43% | 65% | 57% | 45% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| DFH Max Drawdown | - | -64% | -39% | -48% | -45% | -65% | |
| Peers Max Drawdown | -22% | -43% | -22% | -28% | -27% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LEN, DHI, PHM, TOL, MTH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/21/2026 (YTD)
How Low Can It Go
| Event | DFH | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -27.5% | -9.5% |
| % Gain to Breakeven | 37.9% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.3% | -6.7% |
| % Gain to Breakeven | 19.5% | 7.1% |
| Time to Breakeven | 36 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -50.2% | -24.5% |
| % Gain to Breakeven | 100.9% | 32.4% |
| Time to Breakeven | 228 days | 427 days |
In The Past
Dream Finders Homes's stock fell -7.2% during the 2025 US Tariff Shock. Such a loss loss requires a 7.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | DFH | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -27.5% | -9.5% |
| % Gain to Breakeven | 37.9% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -50.2% | -24.5% |
| % Gain to Breakeven | 100.9% | 32.4% |
| Time to Breakeven | 228 days | 427 days |
In The Past
Dream Finders Homes's stock fell -7.2% during the 2025 US Tariff Shock. Such a loss loss requires a 7.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Dream Finders Homes (DFH)
Dream Finders Homes, Inc. (DFH) is a prominent U.S. homebuilder specializing in the design, construction, and sale of single-family homes. The company serves a diverse customer base, including entry-level, first-time move-up, and second-time move-up homebuyers. DFH strategically operates in several high-growth metropolitan areas across the Southeast, Texas, and Mountain West regions, including Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington D.C. metropolitan area, Austin, Dallas, and Houston.
In addition to its core homebuilding business, Dream Finders Homes offers integrated financial services to facilitate the homebuying process. This includes operating as a licensed home mortgage broker, which underwrites, originates, and sells mortgages. The company also provides insurance agency services such as closing, escrow, and title insurance, alongside other mortgage banking solutions, selling its homes through both its own sales representatives and independent real estate brokers.
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- A regional Lennar or D.R. Horton, building single-family homes in several growing U.S. markets.
- Like a smaller PulteGroup, specializing in entry-level and move-up single-family homes.
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- Homebuilding: Designs, constructs, and sells single-family entry-level, first-time, and second-time move-up homes.
- Mortgage Brokerage: Underwrites, originates, and sells mortgages as a licensed home mortgage broker.
- Insurance Agency Services: Provides closing, escrow, and title insurance services.
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Dream Finders Homes (DFH) sells primarily to individuals. The company serves the following categories of customers:
- Entry-level home buyers
- First-time move-up home buyers
- Second-time move-up home buyers
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Patrick O. Zalupski - President, Chief Executive Officer, and Chairman
Patrick O. Zalupski founded Dream Finders Homes' operating subsidiary in December 2008 and has served as its CEO since then, becoming Chairman at the IPO in January 2021. Under his leadership, Dream Finders Homes has grown significantly, establishing operations in 23 markets across 10 states and closing over 44,000 homes since inception through September 2025. Prior to founding DFH LLC, Mr. Zalupski was a Financial Auditor for FedEx Corporation's Internal Audit Department and worked in the real estate sales and construction industry as Managing Partner of Bay Street Condominiums, LLC from 2006 to 2008. He has also served on the investment committee of DF Capital Management, LLC, an investment manager focused on land banks and land development joint ventures, since April 2018. In September 2025, Mr. Zalupski became the Majority Owner, Managing Partner, and Co-Chair of the Tampa Bay Rays, as well as the Principal Owner of the Tampa Bay Rowdies professional soccer team.
Anabel Ramsay - Senior Vice President and Chief Financial Officer
Anabel Ramsay joined Dream Finders Homes in 2018 as Vice President and Treasurer and was appointed Interim Chief Financial Officer on October 6, 2021, before being promoted to Senior Vice President and Chief Financial Officer on April 1, 2022. She is responsible for balance sheet management, capital allocation, cash forecasting, and overall supervision of the company's accounting, tax, and treasury functions, including debt, compliance, and reporting for lenders, investors, and shareholders.
J. Douglas Moran - Senior Vice President and Chief Operations Officer
Doug Moran has served as Senior Vice President and Chief Operations Officer of Dream Finders Homes since its formation in September 2020, and as Chief Operations Officer of DFH LLC from January 2017 to December 2024. Since joining Dream Finders Homes in 2014, he has held various leadership roles, including Division President in Northeast Florida, overseeing the management and growth of the business in other markets with responsibilities including sales, marketing, land acquisition and development, home construction, operations, and purchasing.
Christopher Pena - Vice President of Sales and Marketing
Christopher Pena serves as the Vice President of Sales and Marketing for Dream Finders Homes.
Gerry Boeneman - President of Central Florida Division
Gerry Boeneman is a Division President at Dream Finders Homes, specifically leading the Central Florida Division.
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The key risks to Dream Finders Homes' business are:
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Sensitivity to Interest Rates and Housing Market Conditions: Dream Finders Homes' profitability is highly susceptible to fluctuations in interest rates, which directly impact mortgage affordability and buyer demand. A downturn in the broader housing market, driven by economic factors such as recessions, changes in consumer confidence, or oversupply, would significantly reduce demand for new homes and negatively affect sales volumes and pricing.
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Volatility in Raw Material and Labor Costs: As a homebuilder, Dream Finders Homes is exposed to significant price volatility in key construction materials (e.g., lumber, steel, concrete) and labor costs. Unfavorable movements in these costs, particularly if they cannot be fully offset by increased home prices or efficiencies, can compress profit margins and impact the company's financial performance.
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Exposure to Localized Economic Downturns and Regulatory Changes: Dream Finders Homes operates in specific metropolitan areas across multiple states. Economic downturns or adverse conditions localized to any of its key markets, such as job losses, population shifts, or restrictive zoning and environmental regulations, could disproportionately impact its business, reduce housing demand, and increase operational costs within those regions.
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Addressable Markets for Dream Finders Homes' Main Products and Services in the U.S.
Dream Finders Homes, Inc. (DFH) operates within several significant addressable markets in the United States, primarily focusing on homebuilding, mortgage origination, and title insurance services. The company's operations span key markets across the Southeast, Mid-Atlantic, Midwest, and Southwest regions of the U.S..Homebuilding
The U.S. single-family housing construction market, which includes individual houses, was valued at an estimated $804.08 billion in 2025 and is projected to grow to $845.86 billion in 2026, at a compound annual growth rate (CAGR) of 5.2%. For the entire U.S. residential construction market, an increase of $331.7 million is expected between 2025 and 2030, with a CAGR of 5.7%. In terms of volume, new single-family houses sold in the U.S. reached an estimated 679,000 units in 2025. Single-family housing starts in the U.S. were at an annualized rate of 981,000 in December 2025 and 935,000 in January 2026. Custom single-family housing starts accounted for 186,000 homes in 2025, representing nearly 20% of total single-family starts.Mortgage Origination Services
The total single-family mortgage origination volume in the U.S. is anticipated to increase to $2.0 trillion in 2025 and further to $2.2 trillion in 2026. Specifically, purchase originations are forecast to reach $1.46 trillion in 2026, while refinance originations are expected to be $737 billion in the same year.Title Insurance and Related Services
The U.S. title insurance industry recorded over $16.5 billion in business in 2023. The industry's revenue has experienced a CAGR decline of 6.6% over the past five years, reaching $17.1 billion, with an expected increase of 1.8% in 2025. The title insurance market in North America, valued at $2 billion in 2023, is projected to grow to $2.8 billion by 2032. In the second quarter of 2025, the industry generated $4.5 billion in title insurance premiums, an increase from $4.1 billion in the same period a year prior. For the first six months of 2025, title premium volume was up 13.2% compared to the first six months of 2024.AI Analysis | Feedback
Dream Finders Homes (DFH) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market positions:
* Growth in Home Closings and Controlled Lot Pipeline: Dream Finders Homes projects approximately 9,250 home closings for 2026, building on a record 8,608 closings in 2025. This anticipated increase in home deliveries is supported by a growing controlled lot pipeline, which expanded to 63,121 as of December 31, 2025, from 54,698 the previous year, providing the necessary inventory for future construction and sales.
* Strategic Acquisitions and Expansion into New High-Growth Markets: The company has a history of expanding its geographical footprint through strategic acquisitions. For instance, the acquisition of Crescent Homes added three new markets (Charleston, Greenville, SC, and Nashville, TN) in 2023, increasing Dream Finders Homes' presence to 20 markets. More recently, the acquisitions of Alliant National Title Insurance Co. and Green River Builders in 2025 opened new revenue sources and expanded its presence in the fast-growing Atlanta area. The company also expanded into the Tampa Bay region in January 2024 and has forged a multi-year partnership with the Tampa Bay Rays and Rowdies to enhance brand recognition and drive business growth in this new market.
* Expansion of Financial Services Offerings: The financial services segment is contributing increasingly to revenue. The significant increase in financial services revenues and pre-tax income in 2025 was primarily due to the April 2025 acquisition of Alliant Title and the consolidation of Jet HomeLoans starting July 1, 2024. This expansion of related services provides additional revenue streams beyond homebuilding.
* Capitalizing on Favorable Housing Market Conditions and Demand for Affordable Homes: Despite operating in a challenging housing sector in 2025, Dream Finders Homes is well-positioned to benefit from an eventual turnaround in the broader housing market and continued demand for affordable homes. The company's asset-light model and focus on fast-growing Sunbelt markets further support its potential for long-term expansion as market conditions improve and buyer demand returns.
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Share Repurchases
- Dream Finders Homes expanded its share repurchase program on November 12, 2025, authorizing an additional $50.0 million of Class A common stock, bringing the total authorization to $100.0 million through June 30, 2027.
- As of November 11, 2025, the company had repurchased 1,696,063 shares for $41.2 million under the existing program.
- In June 2025, the limit of the share buyback program was increased to $50.0 million from $25.0 million, an authorization initially approved in June 2023.
Share Issuance
- Dream Finders Homes completed its Initial Public Offering (IPO) in January 2021, raising approximately $125 million to support its expansion.
Outbound Investments
- In January 2025, Dream Finders Homes acquired Liberty Communities, LLC's core homebuilding operations and assets, including offsite manufacturing and component import businesses, in Atlanta, GA, and Greenville, SC.
- In February 2024, the company acquired the core homebuilding assets of Crescent Ventures, LLC (Crescent Homes), which included 457 homesites and a backlog of approximately 460 homes valued at over $265 million, expanding its presence in South Carolina and Tennessee.
- In September 2021, Dream Finders Homes acquired the homebuilding, mortgage banking, and title insurance assets of MHI-McGuyer Homebuilders (Coventry Homes) across multiple Texas markets including Austin, Dallas, Houston, and San Antonio.
Capital Expenditures
- Dream Finders Homes employs an "asset-light" business model, primarily utilizing lot option contracts to control land rather than outright ownership, thereby minimizing direct capital expenditures on land development.
- As of December 31, 2025, lot deposits for finished lot option and land bank option contracts amounted to $545 million, an increase from $458 million as of December 31, 2024.
- Projected capital expenditures are $14 million for 2026, $15 million for 2027, and $16 million for 2028.
Peer Outperformance in Homebuilding
DFH has trailed 94% of its 16 Homebuilding peers over 5Y. Among the peers that beat it are GRBK, CVCO and IBP. Homebuilding ranks 2nd of 23 industries in Consumer Discretionary by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Homebuilding constituents that DFH has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
0%
of 16 industry peers · -61.3% return
3Y
6%
of 16 industry peers · -51.5% return
5Y
6%
of 16 industry peers · -46.1% return
Homebuilding peers with revenue growth within 4pp of DFH's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| DFH | Dream Finders Homes | 5.6% | 5.6x | -61.3% | -51.5% | -46.1% | — |
| GRBK | Green Brick Partners | 4.1% | 9.0x | -11.6% | 58.9% | 144.5% | +191pp |
| CVCO | Cavco Industries | 4.9% | 22.0x | -10.6% | 101.8% | 109.8% | +156pp |
| IBP | Installed Building Products | 2.5% | 20.0x | -28.6% | 77.2% | 75.9% | +122pp |
| SKY | Champion Homes | 4.9% | 21.7x | -1.7% | 27.1% | 18.7% | +65pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Homebuilding is DFH's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -21.4% | 71.3% | 83.2% | CVSA 246% · PRDO 229% · GHC 123% |
| Homebuilding ← | 17 | -14.6% | 33.2% | 22.8% | GRBK 144% · PHM 136% · TOL 134% |
| Hotels, Resorts & Cruise Lines | 21 | 12.6% | 49.1% | 22.2% | RCL 256% · MAR 171% · HLT 160% |
| Specialty Stores | 7 | 11.1% | 39.6% | 16.5% | ASO 47% · DKS 29% · FIVE 17% |
| Home Improvement Retail | 4 | -17.6% | 14.2% | -3.5% | HD -2% · LOW -5% · FND -67% |
| Home Furnishings | 3 | -10.2% | 48.1% | -4.7% | SGI 39% · MHK -38% |
| Automotive Retail | 17 | -17.9% | 3.8% | -9.8% | MUSA 211% · PAG 117% · ORLY 102% |
| Specialized Consumer Services | 10 | -14.7% | 21.9% | -14.8% | HRB 127% · FTDR 87% · SCI 40% |
| Footwear | 9 | 64.5% | 43.9% | -20.3% | DECK 35% · SHOO 14% · CROX -20% |
| Restaurants | 37 | -10.3% | -6.0% | -23.7% | EAT 324% · CAKE 211% · TXRH 107% |
| Distributors | 4 | -15.4% | -18.4% | -24.6% | ARMK 120% · GPC 7% · LKQ -56% |
| Apparel Retail | 26 | 2.1% | -0.5% | -40.9% | ANF 315% · TJX 142% · ROST 123% |
| Household Appliances | 18 | -3.1% | 4.3% | -41.8% | |
| Computer & Electronics Retail | 3 | 15.3% | 58.6% | -42.1% | BBY 1% · GME -42% |
| Leisure Facilities | 12 | 4.0% | -3.1% | -42.5% | LTH 130% · OSW 118% · PLNT -35% |
| Leisure Products | 14 | -15.4% | -17.2% | -43.4% | GOLF 72% · HAS 51% · MAT -17% |
| Apparel, Accessories & Luxury Goods | 29 | -1.2% | 16.6% | -46.7% | RL 245% · TPR 238% · KTB 74% |
| Casinos & Gaming | 20 | -14.6% | -24.2% | -49.0% | MCRI 88% · BYD 12% · RRR 9% |
| Automotive Parts & Equipment | 39 | -14.3% | -15.0% | -49.8% | MOD 1160% · GTX 235% · BWA 52% |
| Broadline Retail | 14 | -7.8% | 25.4% | -53.0% | EBAY 76% · AMZN 53% · OLLI 37% |
| Automobile Manufacturers | 8 | -75.0% | -51.4% | -75.5% | GM 36% · TSLA 30% · F -2% |
| Other Specialty Retail | 17 | -31.8% | -34.4% | -78.8% | ULTA 63% · TSCO -15% · BBWI -66% |
| Consumer Electronics | 11 | -39.9% | -29.0% | -79.3% | GRMN 97% · SONO -46% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 93.87 |
| Mkt Cap | 15.4 |
| Rev LTM | 13,583 |
| Op Inc LTM | 1,644 |
| FCF LTM | 947 |
| FCF 3Y Avg | 1,131 |
| CFO LTM | 1,065 |
| CFO 3Y Avg | 1,249 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -7.7% |
| Rev Chg 3Y Avg | -0.8% |
| Rev Chg Q | -9.1% |
| QoQ Delta Rev Chg LTM | -2.4% |
| Op Inc Chg LTM | -37.8% |
| Op Inc Chg 3Y Avg | -15.2% |
| Op Mgn LTM | 9.3% |
| Op Mgn 3Y Avg | 13.0% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 9.0% |
| CFO/Rev 3Y Avg | 6.1% |
| FCF/Rev LTM | 8.5% |
| FCF/Rev 3Y Avg | 5.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 15.4 |
| P/S | 0.9 |
| P/Op Inc | 9.2 |
| P/EBIT | 8.8 |
| P/E | 11.4 |
| P/CFO | 11.1 |
| Total Yield | 10.0% |
| Dividend Yield | 1.1% |
| FCF Yield 3Y Avg | 4.4% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Midwest | 1,693 | 1,848 | 1,584 | 1,531 | 538 |
| Southeast | 1,390 | 1,387 | 1,521 | 1,237 | 915 |
| Mid-Atlantic | 1,062 | 1,163 | 633 | 567 | 464 |
| Financial Services | 178 | 79 | 49 | 34 | 35 |
| Corporate | 0 | 0 | 0 | 0 | |
| Reconciling Items | 0 | -27 | -39 | -26 | -28 |
| Total | 4,323 | 4,450 | 3,749 | 3,342 | 1,924 |
| $ Mil | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Texas | 113 | 22 | ||
| Jacksonville | 87 | 56 | 41 | 26 |
| Orlando | 32 | 16 | 11 | 4 |
| The Carolinas | 26 | 15 | 6 | |
| Colorado | 18 | 4 | 14 | 10 |
| Jet Home Loans | 4 | 11 | 16 | 5 |
| Other | 1 | 13 | -1 | 5 |
| Reconciling Items | -6 | -7 | -8 | -2 |
| Washington DC (DC Metro) | 6 | 5 | -3 | |
| Total | 274 | 135 | 85 | 45 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Midwest | 1,086 | 1,025 | 915 | ||
| Southeast | 1,011 | 794 | 781 | ||
| Mid-Atlantic | 905 | 731 | 405 | ||
| Corporate | 378 | 392 | 408 | ||
| Financial Services | 348 | 386 | 207 | ||
| Reconciling Items | -154 | -89 | -71 | ||
| Colorado | 188 | 116 | |||
| Jacksonville | 300 | 208 | |||
| Jet Home Loans | 96 | 77 | |||
| Orlando | 277 | 132 | |||
| Other | 494 | 380 | |||
| Texas | 793 | 743 | |||
| The Carolinas | 311 | 247 | |||
| Washington DC (DC Metro) | 62 | ||||
| Total | 3,727 | 3,329 | 2,562 | 2,371 | 1,894 |
Price Behavior
Price Behavior
| Market Price | $9.02 | |
| Market Cap ($ Bil) | 0.8 | |
| First Trading Date | 01/21/2021 | |
| Distance from 52W High | -61.3% | |
| 50 Days | 200 Days | |
| DMA Price | $12.04 | $15.02 |
| DMA Trend | down | down |
| Distance from DMA | -25.1% | -40.0% |
| 3M | 1YR | |
| Volatility | 87.2% | 65.3% |
| Downside Capture | 501.37 | 285.59 |
| Upside Capture | 125.22 | 129.22 |
| Correlation (S&P 500) | 23.6% | 30.5% |
DFH Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.21 | 3.10 | 1.79 | 1.72 | 1.40 | 1.32 |
| Up Beta | 0.50 | 2.27 | -1.55 | 1.00 | 1.17 | 1.19 |
| Down Beta | 7.02 | 5.00 | 3.04 | 0.70 | 1.06 | 0.79 |
| Up Capture | 44% | 261% | 141% | 185% | 89% | 268% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 7 | 19 | 29 | 62 | 106 | 356 |
| Down Capture | 471% | 396% | 345% | 241% | 160% | 112% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 14 | 22 | 34 | 63 | 144 | 388 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DFH | |
|---|---|---|---|---|
| DFH | -60.2% | 65.3% | -1.14 | - |
| Sector ETF (XLY) | -1.6% | 19.2% | -0.22 | 41.9% |
| Equity (SPY) | 16.2% | 12.7% | 0.90 | 30.1% |
| Gold (GLD) | -6.0% | 29.0% | -0.22 | 13.3% |
| Commodities (DBC) | 50.2% | 20.7% | 1.85 | -28.1% |
| Real Estate (VNQ) | 3.1% | 13.8% | -0.03 | 44.9% |
| Bitcoin (BTCUSD) | -25.3% | 43.4% | -0.55 | 11.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DFH | |
|---|---|---|---|---|
| DFH | -10.5% | 57.4% | 0.02 | - |
| Sector ETF (XLY) | 5.5% | 24.1% | 0.18 | 43.2% |
| Equity (SPY) | 13.6% | 17.1% | 0.61 | 37.9% |
| Gold (GLD) | 17.7% | 18.9% | 0.76 | 9.7% |
| Commodities (DBC) | 9.5% | 19.5% | 0.37 | -3.6% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 42.6% |
| Bitcoin (BTCUSD) | 7.6% | 51.7% | 0.33 | 18.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DFH | |
|---|---|---|---|---|
| DFH | -7.8% | 58.7% | -0.01 | - |
| Sector ETF (XLY) | 12.5% | 22.2% | 0.51 | 40.8% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 35.2% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 9.6% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | -1.8% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 40.0% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 14.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/20/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/30/2026 | -13.5% | -3.9% | -6.8% |
| 4/30/2026 | 3.2% | 3.5% | 9.3% |
| 2/23/2026 | -2.2% | -11.8% | -30.7% |
| 10/30/2025 | -7.5% | -10.6% | -10.6% |
| 7/31/2025 | -4.1% | -3.0% | 5.8% |
| 5/6/2025 | -3.6% | 4.5% | -2.6% |
| 2/25/2025 | 17.9% | 8.8% | 15.1% |
| 10/31/2024 | -4.2% | 1.5% | 6.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 10 | 11 |
| # Negative | 15 | 13 | 12 |
| Median Positive | 3.8% | 8.3% | 13.6% |
| Median Negative | -3.6% | -7.7% | -10.3% |
| Max Positive | 17.9% | 24.8% | 26.6% |
| Max Negative | -13.5% | -16.5% | -30.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/30/2026 | -13.5% | -3.9% | -6.8% |
| 4/30/2026 | 3.2% | 3.5% | 9.3% |
| 2/23/2026 | -2.2% | -11.8% | -30.7% |
| 10/30/2025 | -7.5% | -10.6% | -10.6% |
| 7/31/2025 | -4.1% | -3.0% | 5.8% |
| 5/6/2025 | -3.6% | 4.5% | -2.6% |
| 2/25/2025 | 17.9% | 8.8% | 15.1% |
| 10/31/2024 | -4.2% | 1.5% | 6.8% |
| 8/1/2024 | -3.6% | -16.5% | 5.5% |
| 5/2/2024 | -9.5% | -16.2% | -20.3% |
| 2/29/2024 | 13.3% | 12.0% | 26.6% |
| 11/2/2023 | 8.0% | 13.6% | 26.1% |
| 8/3/2023 | -1.4% | 24.8% | 18.7% |
| 5/4/2023 | -2.3% | 7.9% | 21.4% |
| 3/2/2023 | -0.2% | 0.4% | 5.4% |
| 11/3/2022 | 2.8% | -2.8% | -7.4% |
| 8/4/2022 | 4.3% | -3.5% | -5.9% |
| 5/10/2022 | -3.3% | -0.1% | -6.2% |
| 3/16/2022 | 3.1% | -2.1% | -20.3% |
| 11/10/2021 | 0.4% | 12.8% | 13.6% |
| 8/10/2021 | -6.3% | -13.7% | -17.1% |
| 5/12/2021 | -10.8% | -7.7% | -13.0% |
| 3/16/2021 | -2.8% | -14.0% | -10.1% |
| SUMMARY STATS | |||
| # Positive | 8 | 10 | 11 |
| # Negative | 15 | 13 | 12 |
| Median Positive | 3.8% | 8.3% | 13.6% |
| Median Negative | -3.6% | -7.7% | -10.3% |
| Max Positive | 17.9% | 24.8% | 26.6% |
| Max Negative | -13.5% | -16.5% | -30.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/02/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/02/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/16/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/10/2021 | 10-Q |
| 03/31/2021 | 05/17/2021 | 10-Q |
| 12/31/2020 | 03/30/2021 | 10-K |
| 09/30/2020 | 01/22/2021 | 424B4 |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 7/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Home Closings | Reported | 9250 | 0 | Affirmed | Guidance: 9250 for 2026 | |||
Prior: Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Home Closings | Reported | 9250 | 0 | Affirmed | Guidance: 9250 for 2026 | |||
Q4 2025 Earnings Reported 2/23/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Home Closings | Reported | 9250 | 8.8% | Higher New | Guidance: 8500 for 2025 | |||
Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Home Closings | Reported | 8500 | -8.1% | Lowered | Guidance: 9250 for 2025 | |||
Insider Activity
Updated 9/14/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Beckwitt, Richard | Direct | Buy | 9142026 | 12.07 | 10,000 | 120,700 | 1,207,000 | Form | |
| 2 | Sturm, Len | Direct | Buy | 9042026 | 13.47 | 1,500 | 20,205 | 413,906 | Form | |
| 3 | Sturm, Len | Direct | Buy | 8272026 | 14.72 | 1,000 | 14,720 | 430,236 | Form | |
| 4 | Sturm, Len | Direct | Buy | 8242026 | 14.75 | 250 | 3,688 | 416,363 | Form | |
| 5 | Sturm, Len | Direct | Buy | 8242026 | 14.81 | 250 | 3,702 | 414,354 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Beckwitt, Richard | Direct | Buy | 9142026 | 12.07 | 10,000 | 120,700 | 1,207,000 | Form | |
| 2 | Sturm, Len | Direct | Buy | 9042026 | 13.47 | 1,500 | 20,205 | 413,906 | Form | |
| 3 | Sturm, Len | Direct | Buy | 8272026 | 14.72 | 1,000 | 14,720 | 430,236 | Form | |
| 4 | Sturm, Len | Direct | Buy | 8242026 | 14.75 | 250 | 3,688 | 416,363 | Form | |
| 5 | Sturm, Len | Direct | Buy | 8242026 | 14.81 | 250 | 3,702 | 414,354 | Form | |
| 6 | Beckwitt, Richard | Direct | Buy | 8132026 | 14.80 | 12,000 | 177,600 | 1,332,000 | Form | |
| 7 | Beckwitt, Richard | Direct | Buy | 8132026 | 13.83 | 8,000 | 110,640 | 1,078,740 | Form | |
| 8 | Beckwitt, Richard | Direct | Buy | 8132026 | 13.95 | 70,000 | 976,500 | 976,500 | Form | |
| 9 | Lovett, William Radford II | See Footnote | Sell | 6262026 | 16.67 | 56,590 | 943,338 | 53,191,044 | Form | |
| 10 | Lovett, William Radford II | See Footnote | Sell | 6242026 | 15.00 | 21,962 | 329,430 | 48,712,095 | Form | |
| 11 | Lovett, William Radford II | See Footnote | Sell | 6222026 | 15.52 | 85,057 | 1,320,085 | 50,741,631 | Form | |
| 12 | Lovett, William Radford II | See Footnote | Sell | 6222026 | 15.21 | 45,544 | 692,724 | 51,021,823 | Form | |
| 13 | Lovett, William Radford II | See Footnote | Sell | 6172026 | 14.99 | 50,266 | 753,487 | 50,966,540 | Form | |
| 14 | Lovett, William Radford II | See Footnote | Sell | 6172026 | 15.16 | 53,325 | 808,407 | 52,306,578 | Form | |
| 15 | Lovett, William Radford II | See Footnote | Sell | 6152026 | 15.17 | 76,428 | 1,159,413 | 53,150,022 | Form | |
| 16 | Lovett, William Radford II | See Footnote | Sell | 6152026 | 14.56 | 60,828 | 885,656 | 52,125,601 | Form | |
| 17 | Lovett, William Radford II | See Footnote | Sell | 5212026 | 12.89 | 32,146 | 414,362 | 46,930,982 | Form | |
| 18 | Lovett, William Radford II | See Footnote | Sell | 5212026 | 12.65 | 117,854 | 1,490,853 | 46,463,817 | Form | |
| 19 | Lovett, William Radford II | See Footnote | Sell | 1232026 | 19.60 | 30,217 | 592,253 | 74,301,307 | Form | |
| 20 | Lovett, William Radford II | See Footnote | Sell | 1232026 | 19.44 | 41,525 | 807,246 | 74,282,184 | Form | |
| 21 | Lovett, William Radford II | See Footnote | Sell | 10282025 | 23.25 | 25,000 | 581,250 | 89,806,031 | Form | |
| 22 | Lovett, William Radford II | See Footnote | Sell | 10282025 | 23.55 | 25,000 | 588,750 | 91,553,569 | Form | |
| 23 | Lovett, William Radford II | See Footnote | Sell | 10222025 | 23.17 | 8,258 | 191,338 | 90,655,521 | Form | |
| 24 | Lovett, William Radford II | See Footnote | Sell | 10172025 | 23.52 | 20,000 | 470,400 | 92,219,168 | Form | |
| 25 | Lovett, William Radford II | See Footnote | Sell | 10172025 | 24.24 | 25,000 | 606,000 | 95,527,004 | Form | |
| 26 | Lovett, William Radford II | See Footnote | Sell | 10152025 | 23.92 | 50,000 | 1,196,248 | 94,883,582 | Form | |
| 27 | Lovett, William Radford II | See Footnote | Sell | 10152025 | 23.02 | 25,000 | 575,500 | 92,445,627 | Form | |
| 28 | Zalupski, Patrick O | President and CEO | Direct | Sell | 10032025 | 25.93 | 6,794 | 176,168 | 49,051,055 | Form |
| 29 | Zalupski, Patrick O | President and CEO | Direct | Sell | 10032025 | 26.04 | 7,443 | 193,816 | 49,436,055 | Form |
| 30 | Zalupski, Patrick O | President and CEO | Direct | Sell | 9172025 | 28.27 | 11,143 | 315,013 | 53,880,047 | Form |
| 31 | Zalupski, Patrick O | President and CEO | Direct | Sell | 9172025 | 28.54 | 10,720 | 305,949 | 54,712,664 | Form |
| 32 | Lovett, William Radford II | See Footnote | Sell | 9082025 | 30.40 | 80,000 | 2,432,333 | 122,859,643 | Form | |
| 33 | Lovett, William Radford II | See Footnote | Sell | 9082025 | 28.97 | 20,000 | 579,400 | 119,381,981 | Form | |
| 34 | Zalupski, Patrick O | President and CEO | Direct | Sell | 9052025 | 28.86 | 11,567 | 333,825 | 55,635,665 | Form |
| 35 | Zalupski, Patrick O | President and CEO | Direct | Sell | 9052025 | 27.77 | 7,559 | 209,896 | 53,851,062 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Homebuilding Resources |
| Builder Online |
| Professional Builder |
| HousingWire |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 10/21/2026