Dream Finders Homes, Inc. (DFH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -49.55M | 143.61M | -130.98M | -68.49M | -44.71M | 306.45M | -204.97M | -110.6M | -247.53M | 219.47M | 86.98M | 103.38M | -35.59M | 248.71M | -64.64M | -93.25M | -122.5M | 188.25M | -25.04M | -73.81M |
| Operating CF Margin % | -5.58% | 11.84% | -13.51% | -5.95% | -4.52% | 19.64% | -20.36% | -10.48% | -29.9% | 19.29% | 9.71% | 10.94% | -4.63% | 22.62% | -8.23% | -11.76% | -18.45% | 22.09% | -6.9% | -20.21% |
| Operating CF Growth % | -10.82% | -53.14% | 36.1% | 38.07% | 81.94% | 39.63% | -335.67% | -206.99% | -595.53% | -11.76% | 234.55% | 210.85% | 70.95% | 32.12% | -158.15% | -26.35% | -446.31% | 104.25% | -180.33% | - |
| Net Income | 13.26M | 58.8M | 47.06M | 56.54M | 55.01M | 129.25M | 71.64M | 82.76M | 55.68M | 101.95M | 76.1M | 71.64M | 51.75M | 89.97M | 71.62M | 66.37M | 46.33M | 61.37M | 23.57M | 28.57M |
| Depreciation & Amortization | 8.32M | 7.72M | 6.52M | 7.63M | 7.29M | 5M | 3.85M | 4.34M | 4.03M | 4.47M | 4.49M | 4.5M | 4.42M | 4.93M | 5.44M | 3.63M | 3.09M | 4.23M | 1.9M | 1.89M |
| Stock-Based Compensation | 0 | 4.9M | 5.27M | 5.31M | 9.45M | 5.13M | 5.13M | 5.06M | 3.46M | 0 | 0 | 4.04M | 2.43M | 1.98M | 1.57M | 1.88M | 1.36M | 1.2M | 1.47M | 0 |
| Deferred Taxes | 480K | 19.63M | 8.99M | 8.59M | -1.72M | -24.77M | 1.24M | 11.07M | -1.66M | -17.1M | -3.21M | -1.95M | -83K | 1.57M | -18.5M | -245K | 16.88M | 126.92K | -13.24M | 0 |
| Other Non-Cash Items | 5.98M | -102.79M | 2.54M | -32.39M | 1.37M | -3.47M | 6.13M | -23.11M | -2M | 19.48M | 14.29M | 5.72M | 5.28M | -6.41M | -652K | 6.34M | 6.39M | 765.8K | 1.48M | 19.87M |
| Working Capital Changes | -77.59M | 155.35M | -201.35M | -114.16M | -116.12M | 195.31M | -292.97M | -190.72M | -307.04M | 110.66M | -4.69M | 19.41M | -99.39M | 156.66M | -124.12M | -171.23M | -196.55M | 120.56M | -40.22M | -124.14M |
| Change in Receivables | 6.3M | 13.93M | -9.19M | -8.33M | 2.67M | -3.92M | 3.42M | -4.79M | 2.66M | 2.44M | -1.88M | 2.13M | 9.93M | -7.4M | -7.65M | 3.25M | -51K | -20.42B | -8.68M | 0 |
| Change in Inventory | -113.96M | 113.52M | -153.84M | -109.82M | -113.22M | 255.81M | -161.24M | -160.76M | -172.23M | 28.07M | -49.93M | 16.47M | -55.54M | 134.65M | -156.81M | -123.96M | -165.39M | 73.18M | -36.06M | -96.65M |
| Change in Payables | -44.64M | 141.36M | 0 | 0 | -74.8M | 92.98M | 0 | 0 | 0 | 81.43M | 46.03M | 0 | 0 | 0 | 0 | 0 | 0 | 63.36B | 0 | -38.49M |
| Cash from Investing | -10.97M | -23.93M | -4.66M | -81.66M | -115.59M | -24.14M | -7.83M | -3.7M | -186.01M | -479K | -1.05M | -1.59M | -1.36M | -1.5M | -2.55M | -544K | -930K | -498.53M | -1.03M | -569.4K |
| Capital Expenditures | -5.27M | -7.57M | -4.75M | -10.31M | -3.16M | -3.9M | -17.55M | -1.82M | -2.07M | -875K | -903K | -1.62M | -1.38M | -1.22M | -2.4M | -973K | -950K | -1.08M | -418K | -567.9K |
| CapEx % of Revenue | 0.59% | 0.62% | 0.49% | 0.9% | 0.32% | 0.25% | 1.74% | 0.17% | 0.25% | 0.08% | 0.1% | 0.17% | 0.18% | 0.11% | 0.31% | 0.12% | 0.14% | 0.13% | 0.12% | 0.16% |
| Acquisitions | 6.35M | -296.4M | -821K | -71.51M | -112.45M | -20.18M | 9.7M | -1.9M | -183.98M | 166K | 149K | 0 | 0 | -300K | -238K | 402K | 5K | -497.52M | -591K | 130.24K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 114K | 280.31M | 19K | 150K | 20K | -56K | 21K | 21K | 46K | 0 | 0 | 32K | 20K | 25K | 85K | 27K | 15K | 67.11K | -19K | 0 |
| Cash from Financing | 255.14M | -125.47M | 167.42M | 60.45M | 168.58M | -175.34M | 149.02M | 143.11M | 152.91M | -33.84M | -48.21M | -73.64M | -60.73M | -13.81M | 99.53M | 62.17M | 3.12M | 316.05M | 217.18M | 35.73M |
| Debt Issued (Net) | 282.13M | -97.82M | 190.97M | 103.58M | 190.05M | -170.37M | 161.35M | 173.61M | 179.9M | -25.16M | -31.39M | -40.32M | -50.26M | -10.24M | 99.87M | 104.84M | 8.31M | 319.2M | 74.84M | 41.25M |
| Equity Issued (Net) | -18.48M | -9.01M | -9.67M | -17.09M | -13.81M | -1.16M | -4.82M | -3.85M | -10.46M | 0 | -11.08M | -322K | 0 | 0 | 0 | 0 | 0 | -375.6K | 148.91M | 0 |
| Dividends Paid | -3.38M | -3.38M | -3.38M | -3.38M | -3.38M | -3.38M | -6.75M | 0 | -3.38M | -3.38M | -3.11M | -3.38M | -3.38M | -3.45M | -3.45M | -6.79M | 0 | 20.55M | -20.56M | 0 |
| Share Repurchases | -18.48M | -9.01M | -9.67M | -17.09M | -13.81M | -1.16M | -4.82M | -3.85M | -10.46M | 0 | -11.08M | -322K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -5.14M | -15.27M | -10.5M | -22.66M | -4.29M | -439K | -762K | -26.64M | -13.17M | -5.31M | -2.63M | -29.63M | -7.1M | -172K | 3.11M | -35.88M | -5.19M | -24.5M | 13.99M | -5.52M |
| Net Change in Cash | 194.62M | -5.79M | 31.77M | -89.7M | 8.28M | 106.98M | -63.78M | 28.81M | -280.64M | 185.16M | 37.71M | 28.14M | -97.68M | 233.4M | 32.34M | -31.62M | -120.31M | 13.93M | 191.12M | -38.64M |
| Free Cash Flow | -54.81M | 136.03M | -135.73M | -78.79M | -47.88M | 302.55M | -222.53M | -112.42M | -249.6M | 218.6M | 86.07M | 101.75M | -36.97M | 247.49M | -67.04M | -94.23M | -123.45M | 187.17M | -25.46M | -74.37M |
| FCF Margin % | -6.17% | 11.22% | -14% | -6.85% | -4.84% | 19.39% | -22.1% | -10.65% | -30.15% | 19.21% | 9.61% | 10.76% | -4.8% | 22.51% | -8.53% | -11.88% | -18.59% | 21.97% | -7.01% | -20.36% |
| FCF Growth % | -14.49% | -55.04% | 39.01% | 29.91% | 80.82% | 38.41% | -358.53% | -210.48% | -575.17% | -11.67% | 228.39% | 207.99% | 70.05% | 32.22% | -163.33% | -26.69% | -433.64% | 104.54% | -182.64% | - |
| FCF per Share | -0.59 | 1.34 | -1.35 | -0.78 | -0.47 | 3.02 | -2.21 | -1.12 | -2.50 | 2.14 | 0.84 | 0.97 | -0.34 | 2.22 | -0.62 | -0.90 | -1.20 | 2.02 | -0.28 | -0.80 |
| FCF Conversion (FCF/Net Income) | -3.74x | 2.45x | -2.79x | -1.21x | -0.81x | 2.37x | -2.90x | -1.37x | -4.54x | 2.15x | 1.14x | 1.50x | -0.72x | 2.88x | -0.93x | -1.49x | -2.80x | 3.29x | -1.31x | -2.60x |
| Interest Paid | 0 | 0 | 84.41M | 59.85M | 66.9M | 0 | 0 | 41.48M | 46.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 16.56M | 52.45M | 38.66M | -113.42M | 7.43M | 3.66M | 102.33M | 0 | 0 | 41.68M | 35.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |