UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2025 OR o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to _________. Commission file number 001-39916 ___________________________________________________________ DREAM FINDERS HOMES, INC. (Exact name of re ...

Exhibit 99.1 Dream Finders Announces Second Quarter 2025 Results Home Closings Up 10%; Net New Orders Increased 13% Second Quarter Homebuilding Revenues Increased 4% Jacksonville, FL. — July 31, 2025 — Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE: DFH) announced its financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights (As Compared to Second Quarter 2024) • Homebuilding revenues increased 4% to $1.1 billion • Home clo ...

Dream Finders Homes Inc. (DFH) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.85%. A quarter ago, it was expected that this homebuilder would post earnings of $0.61 per share when it actually produced earnings of $0.54, delivering a surprise of -11.48%.Over the last four quarters ...

Core Insights - Dream Finders Homes Inc. (DFH) shares increased by 13% to $28.7 in the last trading session, with a trading volume higher than average, compared to a 5.7% gain over the past four weeks [1][2] Company Performance - The stock's rise was influenced by better-than-expected earnings and revenue results from industry peers D.R. Horton and PulteGroup, which boosted sentiment across the homebuilding sector [2] - Dream Finders Homes is expected to report quarterly earnings of $0.65 per share, reflecting a year-over-year decline of 19.8%, with revenues projected at $1.02 billion, down 3.7% from the previous year [3] - The consensus EPS estimate for Dream Finders Homes has remained unchanged over the last 30 days, indicating that the stock's price movement may not sustain without trends in earnings estimate revisions [4] Industry Context - Dream Finders Homes is part of the Zacks Building Products - Home Builders industry, where Toll Brothers (TOL) also operates, closing the last trading session up 8.5% at $126.59, with a 3.7% return over the past month [4] - Toll Brothers' consensus EPS estimate has also remained unchanged at $3.59, showing a slight year-over-year decline of 0.3% [5]

Group 1: Stock Performance - Dream Finders Homes Inc. (DFH) closed at $26.94, with a +1.09% change from the previous day, outperforming the S&P 500's gain of 0.32% [1] - Over the last month, DFH shares increased by 20.75%, significantly surpassing the Construction sector's gain of 4.6% and the S&P 500's gain of 4.51% [1] Group 2: Earnings Expectations - Analysts expect DFH to report earnings of $0.66 per share in the upcoming earnings report, reflecting a year-over-year decline of 18.52% [2] - The consensus estimate for quarterly revenue is projected at $1.02 billion, down 3.72% from the same period last year [2] Group 3: Fiscal Year Projections - For the entire fiscal year, earnings are projected at $3.23 per share, representing a decline of 3.29%, while revenue is expected to be $4.76 billion, indicating a growth of 7.03% from the prior year [3] Group 4: Analyst Estimates and Stock Prices - Recent changes to analyst estimates for DFH are correlated with near-term stock prices, with positive revisions indicating optimism about the business outlook [4][3] - The Zacks Rank system, which considers estimate changes, currently rates DFH at 3 (Hold) [5] Group 5: Valuation Metrics - DFH has a Forward P/E ratio of 8.26, which is lower than the industry average Forward P/E of 9.41 [6] - The company has a PEG ratio of 3.27, compared to the average PEG ratio of 2.23 in the Building Products - Home Builders industry [7] Group 6: Industry Context - The Building Products - Home Builders industry is part of the Construction sector and holds a Zacks Industry Rank of 177, placing it in the bottom 29% of over 250 industries [8] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - Dream Finders Homes Inc. is experiencing a mixed performance in the market, with a recent decline in stock price despite a significant gain over the past month, and upcoming earnings expectations indicating a drop in EPS and revenue compared to the previous year [1][2]. Group 1: Stock Performance - Dream Finders Homes Inc. closed at $26.12, reflecting a -2.68% change from the previous day, underperforming against the S&P 500's gain of 0.83% [1]. - Over the past month, the stock has gained 21.67%, outperforming the Construction sector's gain of 7.94% and the S&P 500's gain of 4.99% [1]. Group 2: Earnings and Revenue Estimates - The upcoming EPS for Dream Finders Homes Inc. is projected at $0.66, representing an 18.52% decline compared to the same quarter last year [2]. - The revenue forecast is $1.02 billion, indicating a 3.72% decrease compared to the corresponding quarter of the prior year [2]. - For the entire year, earnings are expected to be $3.23 per share, with revenue projected at $4.76 billion, reflecting changes of -3.29% and +7.03% respectively compared to the previous year [3]. Group 3: Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Dream Finders Homes Inc. are important as they reflect short-term business trends, with positive revisions seen as a favorable sign for the business outlook [4]. - The Zacks Rank system, which assesses estimated changes, currently ranks Dream Finders Homes Inc. at 3 (Hold) [6]. Group 4: Valuation Metrics - Dream Finders Homes Inc. has a Forward P/E ratio of 8.32, which is lower than the industry average of 10.68, suggesting the company is trading at a discount [7]. - The company has a PEG ratio of 3.29, compared to the industry average PEG ratio of 2.27, indicating a higher valuation relative to projected earnings growth [8]. Group 5: Industry Context - The Building Products - Home Builders industry, to which Dream Finders Homes Inc. belongs, has a Zacks Industry Rank of 210, placing it in the bottom 15% of over 250 industries [8][9].

Company Performance - Dream Finders Homes Inc. (DFH) closed at $24.49, with a +1.16% increase from the previous day, outperforming the S&P 500's daily gain of 0.8% [1] - The stock has risen by 18.68% over the past month, significantly exceeding the Construction sector's gain of 2.22% and the S&P 500's gain of 5.12% [1] Upcoming Earnings - The company is expected to report an EPS of $0.66, reflecting an 18.52% decline compared to the same quarter last year [2] - Revenue is anticipated to be $1.02 billion, down 3.72% from the prior-year quarter [2] Full Year Projections - For the full year, earnings are projected at $3.23 per share and revenue at $4.76 billion, indicating changes of -3.29% and +7.03% respectively from the previous year [3] - Recent analyst estimate revisions are crucial as they reflect near-term business trends and can indicate analysts' confidence in the company's performance [3][4] Valuation Metrics - DFH is currently trading at a Forward P/E ratio of 7.51, which is below the industry average Forward P/E of 9.63 [6] - The PEG ratio for DFH stands at 2.97, compared to the average PEG ratio of 2.07 for the Building Products - Home Builders industry [6] Industry Context - The Building Products - Home Builders industry is part of the Construction sector and holds a Zacks Industry Rank of 230, placing it in the bottom 7% of over 250 industries [7] - The Zacks Industry Rank assesses the performance of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Company Overview - Dreams Finders Homes (NYSE: DFH) is a U.S. homebuilding company operating in nine states: Florida, Texas, North Carolina, South Carolina, Georgia, Colorado, Virginia, Maryland, and Tennessee [1] Growth Performance - The company is experiencing growth that outpaces the industry and its competitors [1]

Core Viewpoint - The U.S. homebuilding industry is facing significant challenges due to high mortgage rates, rising construction costs, and a shortage of available lots, which is straining the outlook for the sector [1][4][5]. Industry Overview - The Zacks Building Products - Home Builders industry includes manufacturers of residential and commercial buildings, as well as companies providing financial services related to mortgages and title insurance [3]. - The industry is involved in constructing various types of housing, including single-family homes, townhouses, and multi-family rental properties [3]. Current Challenges - High mortgage rates, currently between 6% and 7%, along with soaring construction costs and a severe shortage of buildable lots, are significantly impacting the housing market [5]. - Economic uncertainties, including potential tariff hikes and a shortage of skilled labor, are exacerbating the challenges faced by homebuilders [5][6]. Growth Potential - Despite current hurdles, the industry is expected to grow due to anticipated Federal Reserve rate cuts, limited home supply, and strong demand for homeownership [2][8]. - Builders are adopting strategies such as mortgage buydown programs and a mix of speculative and build-to-order projects to meet diverse buyer needs [2][10]. Cost Management and Strategic Focus - Companies are focusing on cost control and efficiency in homebuilding to manage rising material prices and labor costs [11]. - There is a growing emphasis on entry-level homes and strategic acquisitions to enhance market share and profitability [11]. Technological Advancements - The adoption of technology, including generative AI and 3D printing, is seen as a key opportunity for improving efficiency and reducing costs in the homebuilding sector [12]. Market Performance - The Zacks Building Products - Home Builders industry has underperformed the S&P 500 Index, declining 19.1% over the past year compared to a 9.2% increase in the S&P 500 [17]. - The industry's current forward price-to-earnings ratio is 9.71, significantly lower than the S&P 500's 21.89, indicating potential undervaluation [20]. Company Highlights - **Dream Finders Homes (DFH)**: Focuses on affordable and customizable homes, utilizing a land-light approach to minimize financial risk. The company has seen an upward revision in 2025 earnings estimates to $3.23 per share [23][24]. - **Toll Brothers (TOL)**: A luxury homebuilder maintaining stable pricing and inventory management. The company has also experienced an upward revision in fiscal 2025 earnings estimates to $13.95 per share [27][28].

Core Viewpoint - Dream Finders Homes Inc. (DFH) has shown a 1.6% increase in stock price over the past four weeks, closing at $23.55, with a potential upside of 25.3% based on Wall Street analysts' mean price target of $29.50 [1] Price Targets and Analyst Estimates - The mean price target consists of three short-term estimates with a standard deviation of $4.44, indicating variability among analysts; the lowest estimate suggests a 10.4% increase to $26, while the highest predicts a 46.5% surge to $34.50 [2] - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [9] Earnings Estimates and Analyst Sentiment - Analysts have shown increasing optimism about DFH's earnings prospects, as evidenced by a positive trend in earnings estimate revisions, which historically correlates with stock price movements [11] - The Zacks Consensus Estimate for the current year has risen by 0.9% over the past month, with one estimate increasing and no negative revisions [12] - DFH holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential upside [13]