Dream Finders Homes (DFH) Operating Expenses (2020 - 2026)
Dream Finders Homes' (DFH) quarterly Operating Expenses came in at $110.9 million in Q1 2026, down 4.96% year-on-year from $116.7 million in Q1 2025, and down 10.79% quarter-over-quarter from $124.3 million in Q4 2025.
Dream Finders Homes (DFH) Operating Expenses (2020 - 2026) Analysis & Trends
Dream Finders Homes' Operating Expenses history runs 7 years deep, the most recent figure standing at $110.9 million for Q1 2026.
- On a quarterly basis, Operating Expenses fell 4.96% year-over-year to $110.9 million in Q1 2026; TTM through Mar 2026 was $479.4 million, a 11.06% increase from a year earlier, with the FY2025 full-year figure at $485.2 million, up 22.81% from the prior year.
- Operating Expenses eased to $110.9 million in Q1 2026 per DFH's latest filing, from $124.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $134.7 million in Q2 2025 and bottomed at $60.8 million in Q1 2023.
- The 5-year median for Operating Expenses is $92.2 million (2023), against an average of $91.9 million.
- Across the five-year window, Operating Expenses jumped 119.05% in 2022 and slipped 4.96% in 2026, its largest moves.
- Year by year, Operating Expenses stood at $69.5 million in 2022, then jumped by 32.72% to $92.2 million in 2023, then increased by 26.24% to $116.4 million in 2024, then advanced by 6.76% to $124.3 million in 2025, then declined by 10.79% to $110.9 million in 2026.
- Per Business Quant, the three latest DFH Operating Expenses figures stand at $110.9 million (Q1 2026), $124.3 million (Q4 2025), and $109.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 40.90 Bn | 39.56 Bn | 2.15 Bn | 991.20 Mn |
| 2 | Pultegroup | 23.36 Bn | 22.03 Bn | 3.92 Bn | 382.97 Mn |
| 3 | Lennar | 19.77 Bn | 19.63 Bn | 7.69 Bn | 7.54 Bn |
| 4 | Nvr | 17.18 Bn | 15.54 Bn | 1.31 Bn | 156.97 Mn |
| 5 | Toll Brothers | 15.08 Bn | 13.99 Bn | 604.89 Mn | 258.25 Mn |
| 6 | Taylor Morrison Home | 6.96 Bn | 6.31 Bn | 290.64 Mn | 148.85 Mn |
| 7 | Installed Building Products | 5.97 Bn | 5.50 Bn | 212.30 Mn | 154.70 Mn |
| 8 | Meritage Homes | 4.78 Bn | 4.01 Bn | 68.61 Mn | 130.87 Mn |
| 9 | Champion Homes | 4.47 Bn | 3.81 Bn | 172.19 Mn | 109.73 Mn |
| 10 | Dream Finders Homes | 1.35 Bn | 943.18 Mn | 887.84 Mn | 110.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 110.90 Mn |
| Dec 31, 2025 | 124.31 Mn |
| Sep 30, 2025 | 109.51 Mn |
| Jun 30, 2025 | 134.70 Mn |
| Mar 31, 2025 | 116.69 Mn |
| Dec 31, 2024 | 116.44 Mn |
| Sep 30, 2024 | 101.70 Mn |
| Jun 30, 2024 | 96.85 Mn |
| Mar 31, 2024 | 80.11 Mn |
| Dec 31, 2023 | 92.24 Mn |
| Sep 30, 2023 | 78.51 Mn |
| Jun 30, 2023 | 73.71 Mn |
| Mar 31, 2023 | 60.76 Mn |
| Dec 31, 2022 | 69.50 Mn |
| Sep 30, 2022 | 68.84 Mn |
| Jun 30, 2022 | 66.02 Mn |
| Mar 31, 2022 | 61.71 Mn |
| Dec 31, 2021 | 61.05 Mn |
| Sep 30, 2021 | 33.91 Mn |
| Jun 30, 2021 | 30.14 Mn |