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Dream Finders Homes DFH Midwest — Income (loss) before taxes

Other segment segments

Southeast
$9.73M-62.2%
Financial Services
$9.07M+32.9%
Corporate
-$5.55M-439%
Mid-Atlantic
$5.22M-63.8%

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LADRLoans — Income (loss) before taxes
$50.48M+32.1%
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OLNEpoxy — Income (loss) before taxes
-$2.9M+89.8%
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OLNWinchester — Income (loss) before taxes
$15.2M-33.3%
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LADRReal Estate — Income (loss) before taxes
$3.32M+322%
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OLNCorporate/ other — Income (loss) before taxes
-$86.1M-22.0%

Other financials

Income statement

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Revenue$887.8M-10.3%
Gross profit$202.9M+11.2%
Net income$13.3M-75.9%
EPS (diluted)$0.11-79.6%

Balance sheet

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Cash & equivalents$479.0M+37.6%
Total debt$1.9B+8,458%
Total equity$1.4B+9.5%
Total assets$4.0B+13.9%

Cash flow

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Operating cash flow-$49.5M-10.8%
CapEx$5.3M+66.4%
Free cash flow-$54.8M-14.5%

Valuation

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Market cap$1.36B-41.5%
Enterprise value$2.77B+50.8%
P/E7.8×+0.3×
P/S0.3×-0.2×

Profitability

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Gross margin19.8%+1.7pp
Net margin4.2%-3.1pp
FCF margin-9.1%

Returns & leverage

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Return on equity13%-16.7pp
Debt / equity1.3×+1.3×

Where this comes from

Reported directly by Dream Finders Homes in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: Dream Finders Homes’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 7:20 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-029073
Line itemSoutheast(1)Mid-AtlanticMidwestFinancial ServicesCorporate(2)Consolidated
Financial services expense(3)42,71142,711
Selling, general and administrative expense33,33930,11841,4745,972110,903
Other segment expense (income), net⁽⁴⁾204711(118)(600)(421)(224)
Income (loss) before taxes$9,732$5,217$339$9,069$(5,551)$18,806
2025
Total revenues$307,633$238,075$424,400$19,763$989,871
Homebuilding cost of sales247,602186,734349,200783,536
Financial services expense(3)12,86612,866

Item 1. DREAM FINDERS HOMES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Dream Finders Homes's midwest — income (loss) before taxes?
Dream Finders Homes (DFH) reported midwest — income (loss) before taxes of $339K in Q1 2026.
How has Dream Finders Homes's midwest — income (loss) before taxes changed year-over-year?
Dream Finders Homes's midwest — income (loss) before taxes decreased by 98.5% year-over-year, from $22.51M to $339K.
What is the long-term trend for Dream Finders Homes's midwest — income (loss) before taxes?
Over 4 years (2021 to 2025), Dream Finders Homes's midwest — income (loss) before taxes has grown at a 25.8% compound annual growth rate (CAGR), from $35.59M to $89.25M.
What does midwest — income (loss) before taxes mean?
This metric measures the total profitability of the Midwest segment before accounting for income tax obligations. It reflects the segment's ability to generate earnings from its core homebuilding operations after all operating and non-operating expenses are deducted. This is a key indicator of the segment's contribution to the overall corporate bottom line.

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