v3.26.1
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following weighted-average shares and share equivalents were used to calculate basic and diluted earnings per share (“EPS”) for the periods indicated (in thousands, except share amounts):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Numerator 
Net income attributable to Dream Finders Homes, Inc.$27,721 $56,580 $40,977 $111,483 
Less: Preferred dividends
3,375 3,375 6,750 6,750 
Net income available to common stockholders(1)
$24,346 $53,205 $34,227 $104,733 
Denominator  
Weighted-average number of common shares outstanding - basic91,299,188 93,444,326 91,657,686 93,495,455 
Add: Common stock equivalent shares(2)
42,729 8,469,562 225,878 8,139,730 
Weighted-average number of shares outstanding - diluted91,341,917 101,913,888 91,883,564 101,635,185 
(1)For the three and six months ended June 30, 2026, represents the numerator used in the diluted earnings per share calculation as preferred dividends presented above are associated with the redeemable preferred stock that was deemed to be antidilutive and, therefore, not assumed to be converted. For the three and six months ended June 30, 2025, preferred dividends are added back to the numerator for the diluted earnings per share calculation, as the redeemable preferred stock was dilutive and assumed to be converted.
(2)The redeemable preferred stock and stock-based compensation awards are excluded from the calculation of diluted EPS in the event they are antidilutive. There were 12.4 million and 11.4 million of antidilutive common stock equivalent shares associated with the redeemable preferred stock that were excluded from the diluted earnings per share calculation for the three and six months ended June 30, 2026, respectively, and none for the three and six months ended June 30, 2025. There were 1.9 million and 1.1 million of antidilutive common stock equivalent shares associated with stock-based compensation that were excluded from the diluted earnings per share calculation for the three and six months ended June 30, 2026, respectively, and 1.3 million and 0.9 million for the three and six months ended June 30, 2025, respectively.