Dream Finders Homes posted Q2 2026 net income attributable to shareholders of $28 million, down from $57 million a year earlier; EPS fell to $0.27.
Revenue slid 7.6% to $1.06 billion, as homebuilding revenue dropped 8.4% to $1.01 billion despite higher closings.
Homebuilding gross margin narrowed 2.3 percentage points to 14.2%, with the release citing higher land and financing costs, partly offset by cost cuts.
Sales and cancellations
Net sales rose 15% to 2,232, while the cancellation rate improved 2.9 percentage points to 11.1%.
Outlook and management changes
Guidance stayed at about 9,250 home closings for 2026; Clint Szubinski was appointed COO, with a year-end SG&A streamlining targeted.
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