DFH

JACKSONVILLE, Fla., September 18, 2026--(BUSINESS WIRE)--Dream Finders Homes, Inc. ("Dream Finders") (NYSE: DFH) today announced the results of its previously announced consent solicitation, as amended and extended (the "Consent Solicitation"), with respect to certain amendments (collectively, the "Proposed Amendment") to the Indenture governing the outstanding 8.000% Senior Notes due 2032 (the "2032 Notes") of Beazer Homes USA, Inc. ("Beazer"), in connection with its proposed acquisition of Beazer, upon the terms and conditions set forth in the Consent Solicitation Statement dated September 9, 2026, as amended and supplemented by Dream Finders’ press release dated September 16, 2026 (as so amended and supplemented, the "Consent Solicitation Statement"). All capitalized terms not defined herein are defined in the Consent Solicitation Statement. As of 5:00 p.m., New York City time, on September 17, 2026 (the "Extended Expiration Time"), consents from holders of a majority in aggregate principal amount of the outstanding 2032 Notes had been validly delivered and not validly revoked. Accordingly, Dream Finders has obtained the Requisite Consents required to effect the Proposed Amendment with respect to the 2032 Notes, and the Consent Solicitation with respect to the 2032 Notes has expired and will not be further extended. Dream Finders will make an aggregate cash payment of $4,000,000 (the "2032 Consent Fee"), to be shared pro rata among holders of 2032 Notes as of 5:00 p.m., New York City time, on September 8, 2026, that validly delivered and did not validly revoke their consents at or prior to the Extended Expiration Time, if the conditions set forth in the Consent Solicitation Statement have been satisfied or waived. Based on the aggregate principal amount of 2032 Notes that consented in the Consent Solicitation, the 2032 Consent Fee is expected to equal approximately $10.30 per $1,000 in aggregate principal amount of 2032 Notes. The 2032 Consent Fee will be paid substantially concurrently with the consummation of the Merger (as defined below). As previously announced, Dream Finders obtained the Requisite Consents with respect to the 2031 Notes and will make a cash payment (the "2031 Consent Fee") of $22.50 per $1,000 in aggregate principal amount of 2031 Notes to each holder of 2031 Notes that consented in the Consent Solicitation. The 2031 Consent Fee will be paid substantially concurrently with the consummation of the Merger. Beazer and Regions Bank, as trustee under the Indenture (the "Trustee"), intend to execute a supplemental indenture with respect to the 2032 Notes (the "New Supplemental Indenture"). The Proposed Amendment will amend the definition of "Change of Control" in the 2032 Indenture to provide that the acquisition of Beazer by Dream Finders pursuant to the Agreement and Plan of Merger, dated as of August 6, 2026, among Dream Finders, Bulldogs Merger Sub, Inc. ("Merger Sub") and Beazer (the "Merger Agreement"), will not constitute a "Change of Control" under the 2032 Indenture. Under the Merger Agreement, Merger Sub will merge with and into Beazer, with Beazer continuing as the surviving corporation and a wholly owned subsidiary of Dream Finders (the "Merger"). As a result, no "Change of Control Offer" will be required under the 2032 Indenture in connection with the Merger. The New Supplemental Indenture will become effective upon execution, but the Proposed Amendment will not become operative until the 2032 Consent Fee has been paid. Once operative, the Proposed Amendment will be binding on all holders of 2032 Notes, including holders that did not deliver consents in the Consent Solicitation. Dream Finders expects the Merger to be consummated in the fourth quarter of 2026, subject to the satisfaction of customary closing conditions, and to complete the previously contemplated offer to exchange the 2032 Notes for newly issued senior notes of Dream Finders within 120 days after the consummation of the Merger. After further consultation with its financial and legal advisors, Dream Finders has determined that where the payment of the applicable Consent Fee is deemed a "significant modification" and a deemed exchange of such Notes for federal income tax purposes, it intends to take the position that there is no original issue discount in the "new" Notes that are issued in such deemed exchange and does not intend to request new CUSIP numbers be assigned for any such Notes . This press release is not an offer to exchange any 2032 Notes, which offer will be made only pursuant to separate offering materials. BofA Securities, Inc. and Goldman Sachs & Co. LLC are acting as solicitation agents in connection with the Consent Solicitation. Any persons with questions regarding the Consent Solicitation should contact BofA Securities, Inc., at (888) 292-0070 (toll free), (980) 388-3646 (collect) or [email protected], and Goldman Sachs & Co. LLC, at (800) 828-3182 (toll free), (917) 343-9668 (collect) or [email protected]. D.F. King & Co., Inc. is acting as information and tabulation agent for the Consent Solicitation and may be contacted at (646) 698-8770 (banks and brokers), (866) 796-6867 (all others, toll free), or by email at [email protected]. This press release is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to any securities. About Dream Finders Homes, Inc. Dream Finders (NYSE: DFH), headquartered in Jacksonville, Florida, was recognized as the 2025 National Builder of the Year by Builder magazine. Dream Finders builds single-family homes throughout the Southeast, Mid-Atlantic and Midwest, including Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, Arizona, and the Washington, D.C. metropolitan area, which comprises Washington, D.C., Northern Virginia and Maryland. As the Official Home Builder of the PGA TOUR, the Jacksonville Jaguars and the Tampa Bay Rays, Dream Finders is deeply committed to excellence beyond homebuilding and into the communities it serves. Through its wholly owned subsidiaries, Dream Finders also provides mortgage financing as well as title agency and underwriting services to homebuyers. Dream Finders achieves its growth and returns by maintaining an asset-light homebuilding model. For more information, please visit www.dreamfindershomes.com. Cautionary Note Regarding Forward-Looking Statements The information presented herein may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 giving Dream Finders’ expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "target," "estimate," "continue," "positions," "prospects" or "potential," by future conditional verbs such as "will," "would," "should," "could" or "may," or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time. Forward-looking statements speak only as of the date they are made, and Dream Finders does not assume any duty to update forward-looking statements other than as required by law. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. In addition to factors previously disclosed in Dream Finders’ reports filed with the Securities and Exchange Commission, the following factors, among others, could cause actual results to differ materially from forward-looking statements and historical performance: the occurrence of any event, change or other circumstance that could give rise to the right of one or both of the parties to terminate the Merger Agreement; the failure of Beazer and the Trustee to execute the New Supplemental Indenture on the anticipated timeline or at all; the failure of the conditions to payment of the 2032 Consent Fee, including the consummation of the Merger, to be satisfied or waived, and the resulting failure of the Proposed Amendment to become operative with respect to the 2032 Notes; the U.S. federal income tax treatment of the 2032 Consent Fee; Dream Finders’ ability to complete the Obligor Exchange within 120 days after the closing of the Merger and on the anticipated terms; the outcome of any legal proceedings that may be instituted against Dream Finders or Beazer; the failure of Beazer to obtain necessary stockholder approvals or to satisfy any of the other conditions to the Merger on a timely basis or at all; the possibility that the Merger is not completed when expected or at all, or is more expensive to complete than anticipated; Dream Finders’ ability to obtain financing for the Merger on the anticipated terms, and the ultimate structure and details of any such financing; Dream Finders’ ability to integrate Beazer successfully or fully realize the anticipated cost savings and other benefits of the Merger; diversion of management’s attention from ongoing business operations and opportunities; potential adverse reactions or changes to relationships with employees, customers, suppliers or competitors resulting from the announcement or completion of the Merger; and negative effects of the announcement or consummation of the Merger on the market price of Dream Finders’ common stock, its credit ratings or its operating results. View source version on businesswire.com: https://www.businesswire.com/news/home/20260918573877/en/ Contacts Dream Finders Investor Contacts: [email protected] Media Contact: [email protected]

JACKSONVILLE, Fla., September 16, 2026--(BUSINESS WIRE)--Dream Finders Homes, Inc. ("Dream Finders") (NYSE: DFH) today announced the results of its previously announced consent solicitation (the "Consent Solicitation") with respect to certain amendments (collectively, the "Proposed Amendment") to the Indentures governing the outstanding 7.500% Senior Notes due 2031 (the "2031 Notes") and 8.000% Senior Notes due 2032 (the "2032 Notes," and together with the 2031 Notes, the "Notes") of Beazer Homes USA, Inc. ("Beazer"), in connection with its proposed acquisition of Beazer, upon the terms and conditions set forth in the Consent Solicitation Statement dated September 9, 2026 (the "Consent Solicitation Statement’). All capitalized terms not defined herein are defined in the Consent Solicitation Statement. As of 5:00 p.m., New York City time, on September 15, 2026 (the "Expiration Time"), consents from holders of a majority in aggregate principal amount of the outstanding 2031 Notes had been validly delivered and not validly revoked. Accordingly, Dream Finders has obtained the Requisite Consents with respect to the 2031 Notes required to effect the Proposed Amendment with respect to the 2031 Notes and the Consent Solicitation with respect to the 2031 Notes has expired and will not be extended. Dream Finders will make a cash payment (the "2031 Consent Fee") of $22.50 per $1,000 in aggregate principal amount of 2031 Notes to each holder of 2031 Notes as of 5:00 p.m. New York City time, on September 8, 2026, that validly delivered and did not validly revoke its consent at or prior to the Expiration Time, if the conditions set forth in the Consent Solicitation Statement have been satisfied or waived. The 2031 Consent Fee will be paid substantially concurrently with the consummation of the Merger (as defined below). With respect to the 2032 Notes, as of the Expiration Time, consents from holders of approximately 46.5% in aggregate principal amount of the outstanding 2032 Notes, or $185.9 million, had been validly delivered and not validly revoked. Accordingly, Dream Finders has extended the expiration time of the Consent Solicitation with respect to the 2032 Notes only (the "Extended Solicitation") to 5:00 p.m., New York City time, on Thursday, September 17, 2026 (the "Extended Expiration Time"). In connection with the Extended Solicitation for the 2032 Notes, Dream Finders has amended the cash payment payable with respect to the 2032 Notes (the "2032 Consent Fee") to consist of an aggregate cash payment of $4,000,000, to be shared pro rata among holders of 2032 Notes that validly deliver, and do not validly revoke, their consents at or prior to the Extended Expiration Time. As a result of this modification, if the Requisite Consent with respect to the 2032 Notes is obtained, each consenting holder would receive a 2032 Consent Fee between $10.00 per $1,000 (the same consent fee originally offered by Dream Finders) and approximately $20.00 per $1,000 in aggregate principal of 2032 Notes, with the 2032 Consent Fee per $1,000 in aggregate principal ultimately determined based on the aggregate principal of 2032 Notes that consent in the Consent Solicitation. Except for the extension of the expiration time and the amendment to the Consent Fee payable with respect to the 2032 Notes (as described below), the terms and conditions of the Consent Solicitation with respect to the 2032 Notes remain unchanged, including, but not limited to, the deadline to revoke consents with respect to the 2032 Notes which expired at 5:00 p.m., New York City time on Tuesday, September 15, 2026 (the "Revocation Deadline"). As a result, consents for the 2032 Notes previously delivered and not validly revoked at or prior to the Revocation Deadline may no longer be revoked. If the Requisite Consents with respect to the 2032 Notes are received, the payment of the 2032 Consent Fee with respect to the 2032 Notes may result in a "significant modification" of the 2032 Notes (as described below) depending on the amount of the 2032 Consent Fee received by holders of 2032 Notes for U.S. federal income tax purposes, which would be treated as a deemed exchange of the 2032 Notes for new debt instruments and may require the issuance of a new CUSIP number for the 2032 Notes. A discussion of certain material tax consequences to U.S. Holders of 2032 Notes is included below. Beazer and Regions Bank, as trustee under the Indentures (the "Trustee"), intend to execute a supplemental indenture with respect to the 2031 Notes and, if the Requisite Consents with respect to the 2032 Notes are received at or prior to the Extended Expiration Time, with respect to the 2032 Notes (each, a "New Supplemental Indenture"). The Proposed Amendment will amend the definition of "Change of Control" in the 2031 Indenture and, if the Requisite Consent with respect to the 2032 Notes is received, in the 2032 Indenture, in each case to provide that the acquisition of Beazer by Dream Finders pursuant to the Agreement and Plan of Merger, dated as of August 6, 2026, among Dream Finders, Bulldogs Merger Sub, Inc. ("Merger Sub") and Beazer (the "Merger Agreement"), will not constitute a "Change of Control" under the Indentures. Under the Merger Agreement, Merger Sub will merge with and into Beazer, with Beazer continuing as the surviving corporation and a wholly owned subsidiary of Dream Finders (the "Merger"). As a result, no "Change of Control Offer" will be required under the 2031 Indenture, and if the Requisite Consent is obtained for the 2032 Notes, the 2032 Indenture, in connection with the Merger. Each New Supplemental Indenture will become effective upon execution, but the Proposed Amendment will not become operative with respect to a series of Notes until the Consent Fee for such series has been paid. Once operative with respect to a series of Notes, the Proposed Amendment will be binding on all holders of that series of Notes, including holders that did not deliver consents in the Consent Solicitation. Dream Finders expects the Merger to be consummated in the fourth quarter of 2026, subject to the satisfaction of customary closing conditions, and to complete the previously contemplated offer to exchange each series of Notes with respect to which the Requisite Consents are received for newly issued senior notes of Dream Finders within 120 days after the consummation of the Merger. This press release is not an offer to exchange any Notes, which offer will be made only pursuant to separate offering materials. BofA Securities, Inc. and Goldman Sachs & Co. LLC are acting as solicitation agents in connection with the Consent Solicitation. Any persons with questions regarding the Consent Solicitation should contact BofA Securities, Inc., at (888) 292-0070 (toll free), (980) 388-3646 (collect) or [email protected], and Goldman Sachs & Co. LLC, at (800) 828-3182 (toll free), (917) 343-9668 (collect) or [email protected]. D.F. King & Co., Inc. is acting as information and tabulation agent for the Consent Solicitation and may be contacted at (646) 698-8770 (banks and brokers), (866) 796-6867 (all others, toll free), or by email at [email protected]. This press release is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to any securities. Certain Material Tax Consequences to U.S. Holders of 2032 Notes The U.S. federal income tax consequences of the adoption of the Proposed Amendment and payment of the 2032 Consent Fee to a U.S. Holder will depend in part upon whether the adoption of the Proposed Amendment or payment of the 2032 Consent Fee results in a deemed exchange of such Note for U.S. federal income tax purposes. A modification of a debt instrument generally results in a deemed exchange of the original debt instrument for a modified instrument if such modification is "significant" within the meaning of U.S. Treasury regulations promulgated under section 1001 of the Code (the "Section 1001 Regulations"). Under the Section 1001 Regulations, as a general rule a modification of a debt instrument is a significant modification only if, based on all facts and circumstances (and, subject to certain exceptions, taking into account all modifications of such debt instrument collectively), the legal rights or obligations that are altered and the degree to which they are altered are "economically significant." The Section 1001 Regulations specifically provide that a change in the yield of a debt instrument is a significant modification if the yield of the modified instrument (determined by taking into account any payments made to the holder as consideration for the modification) varies from the yield of the unmodified instrument (determined as of the date of the modification) by more than the greater of (i) 0.25% (i.e., 25 basis points) and (ii) 5% of the annual yield of the unmodified instrument. The Section 1001 Regulations also specifically provide that a modification of a debt instrument that adds, deletes or alters customary accounting or financial covenants is not a significant modification. The Section 1001 Regulations do not define "customary accounting or financial covenants." A modification of a debt instrument that is not a significant modification does not result in a deemed exchange of such instrument for U.S. federal income tax purposes. If any of the legal rights or obligations that are altered by the Proposed Amendment is not considered a customary accounting or financial covenant within the meaning of the Section 1001 Regulations, the changes to all such legal rights or obligations under the Proposed Amendment must be evaluated under the general "facts and circumstances" test in the Section 1001 Regulations. Under this test, if the changes to such rights and obligations are not "economically significant" when considered collectively, then such changes would not constitute a significant modification of a notes. Although the matter is not entirely clear, Dream Finders intends to treat the changes to the legal rights and obligations made by the adoption of the Proposed Amendment as not constituting a significant modification of the 2032 Notes under the Section 1001 Regulations and, therefore, as not resulting in a deemed exchange of the 2032 Notes for U.S. federal income tax purposes. However, the payment of the 2032 Consent Fee, depending on the ultimate amount of such fee per $1,000 of principal of 2032 Notes, may result in a "significant modification" of the 2032 Notes and a deemed exchange to consenting U.S. Holders of 2032 Notes. Consequently, upon execution of the 2032 Supplemental Indenture and the Proposed Amendment with respect to the 2032 Notes becoming operative upon satisfaction of the applicable conditions described herein, a new CUSIP number and ISIN may need to be assigned to 2032 Notes with respect to which Consents have been delivered, which will be distinct from those currently applicable to the 2032 Notes. Any 2032 Notes as to which Consents are not delivered will continue to trade, to the extent a market still exists, under the original CUSIP number and ISIN assigned to such 2032 Notes. In general, a deemed exchange resulting from a significant modification, if applicable, of the 2032 Notes will likely constitute a recapitalization and will not be taxable to U.S. Holders of 2032 Notes if the 2032 Notes as originally issued and as amended constitute "securities" for U.S. federal income tax purposes. The term "securities" is not defined in the Code or in applicable Treasury Regulations, and it has not been clearly defined by judicial decisions. The classification of a debt instrument as a security is a determination based on all of the facts and circumstances, including, but not limited to: (i) the term (i.e., duration) of the instrument, (ii) whether or not the instrument is secured, (iii) the degree of subordination of the debt instrument, (iv) the ratio of debt to equity of the issuer, and (v) the risk profile of the business of the issuer. Although the matter is not free from doubt, given the terms of the 2032 Notes, if the 2032 Consent Fee is large enough to constitute a significant modification of the 2032 Notes that results in a deemed exchange of the 2032 Notes of consenting holders of 2032 Notes, Dream Finders intends to take the position that both the "old" 2032 Notes and the "new" 2032 Notes resulting from the deemed exchange are "securities" and that the deemed exchange qualifies as a recapitalization. Assuming a deemed exchange of 2032 Notes constitutes a recapitalization, a U.S. Holder of 2032 Notes generally would not recognize any income, gain or loss with respect to such deemed exchange, except with respect to the receipt of the 2032 Consent Fee, as discussed below. Such U.S. Holder of 2032 Notes generally would receive a tax basis in the "new" 2032 Notes equal to its tax basis in the "old" 2032 Notes immediately prior to the deemed exchange, increased by any gain recognized and decreased by the amount of the 2032 Consent Fee, and such U.S. Holder’s holding period for the "new" 2032 Notes generally would include the period during which such U.S. Holder of 2032 Notes held the "old" 2032 Notes. If the IRS were to successfully assert that the "old" or "new" 2032 Notes do not constitute "securities," and that the deemed exchange of the 2032 Notes does not qualify as a recapitalization for U.S. federal income tax purposes, a U.S. Holder of 2032 Notes could be treated as making a taxable exchange of the 2032 Note for a modified debt instrument and could be required to recognize gain or loss from such deemed exchange. Any 2032 Note treated as received in such taxable exchange or in a recapitalization described above could have original issue discount ("OID") or bond premium. Based on the fact that the receipt of the 2032 Consent Fee by a U.S. Holder of 2032 Notes could result in a deemed exchange of such holder’s 2032 Notes, the Company believes that the 2032 Consent Fee received by a U.S. Holder of 2032 Notes may need to be included in the amount realized in the deemed exchange. In that event, notwithstanding the treatment of the deemed exchange as a recapitalization, a consenting U.S. Holder of 2032 Notes would recognize gain, but not loss, in an amount equal to the lesser of (1) the 2032 Consent Fee or (2) gain realized in the deemed exchange, which generally would be the difference between the amount realized in the deemed exchange (i.e., the sum of the issue price of the "new" 2032 Notes and the 2032 Consent Fee) and such Holder’s tax basis in the "old" 2032 Notes. Such gain generally would be long-term capital gain if such U.S. Holder’s holding period for the 2032 Notes exceeds one year at the time of the deemed exchange, and otherwise would be short-term capital gain. Regardless of whether a deemed exchange qualifies as a recapitalization, any amounts received by a U.S. Holder of 2032 Notes in respect of accrued but unpaid stated interest at the time of the deemed exchange will become immediately taxable as ordinary income to the extent not previously so taxed. In addition, depending on the issue price of the "new" 2032 Notes, the "new" 2032 Notes may be treated as issued with OID, in which case a consenting holder generally would be required to include such OID in gross income as ordinary income under a constant yield method in advance of the receipt of cash attributable to that income, regardless of such Holder’s method of tax accounting. Any OID accruals may be reduced or eliminated if such Holder’s adjusted tax basis in the "new" 2032 Notes exceeds their issue price. Each U.S. Holder of 2032 Notes should consult its own tax advisor regarding the potential application of the OID and bond premium rules to the "new" 2032 Notes. A U.S. Holder of 2032 Notes that does not deliver a valid Consent will not be treated as exchanging its Notes and will not recognize gain or loss as a result of the Proposed Amendment. Such a Holder will retain its existing tax basis and holding period in its Notes. However, if necessary, the "new" 2032 Notes deemed received by consenting U.S. Holders of 2032 Notes are treated as issued with OID, the 2032 Notes held by non-consenting U.S. Holders of 2032 Notes may not be fungible for U.S. federal income tax purposes with the "new" 2032 Notes, which could affect the market for such 2032 Notes. Each U.S. Holder of 2032 Notes should consult its own tax advisor regarding this issue. Each U.S. Holder of 2032 Notes should consult its own tax advisor regarding the U.S. federal income tax consequences of the adoption of the Proposed Amendment and its receipt of the 2032 Consent Fee. About Dream Finders Homes, Inc. Dream Finders (NYSE: DFH), headquartered in Jacksonville, Florida, was recognized as the 2025 National Builder of the Year by Builder magazine. Dream Finders builds single-family homes throughout the Southeast, Mid-Atlantic and Midwest, including Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, Arizona, and the Washington, D.C. metropolitan area, which comprises Washington, D.C., Northern Virginia and Maryland. As the Official Home Builder of the PGA TOUR, the Jacksonville Jaguars and the Tampa Bay Rays, Dream Finders is deeply committed to excellence beyond homebuilding and into the communities it serves. Through its wholly owned subsidiaries, Dream Finders also provides mortgage financing as well as title agency and underwriting services to homebuyers. Dream Finders achieves its growth and returns by maintaining an asset-light homebuilding model. For more information, please visit www.dreamfindershomes.com. Cautionary Note Regarding Forward-Looking Statements The information presented herein may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 giving Dream Finders’ expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "target," "estimate," "continue," "positions," "prospects" or "potential," by future conditional verbs such as "will," "would," "should," "could" or "may," or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time. Forward-looking statements speak only as of the date they are made, and Dream Finders does not assume any duty to update forward-looking statements other than as required by law. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. In addition to factors previously disclosed in Dream Finders’ reports filed with the Securities and Exchange Commission, the following factors, among others, could cause actual results to differ materially from forward-looking statements and historical performance: the occurrence of any event, change or other circumstance that could give rise to the right of one or both of the parties to terminate the Merger Agreement; the failure to receive the Requisite Consents with respect to the 2032 Notes at or prior to the Extended Expiration Time, and the resulting obligation to make a "Change of Control Offer" with respect to the 2032 Notes in connection with the Merger; the failure of Beazer and the Trustee to execute the New Supplemental Indentures on the anticipated timeline or at all; the failure of the conditions to payment of the Consent Fee, including the consummation of the Merger, to be satisfied or waived, and the resulting failure of the Proposed Amendment to become operative with respect to either series of Notes; the U.S. federal income tax treatment of the Consent Fee; Dream Finders’ ability to complete the Obligor Exchange within 120 days after the closing of the Merger and on the anticipated terms; the outcome of any legal proceedings that may be instituted against Dream Finders or Beazer; the failure of Beazer to obtain necessary stockholder approvals or to satisfy any of the other conditions to the Merger on a timely basis or at all; the possibility that the Merger is not completed when expected or at all, or is more expensive to complete than anticipated; Dream Finders’ ability to obtain financing for the Merger on the anticipated terms, and the ultimate structure and details of any such financing; Dream Finders’ ability to integrate Beazer successfully or fully realize the anticipated cost savings and other benefits of the Merger; diversion of management’s attention from ongoing business operations and opportunities; potential adverse reactions or changes to relationships with employees, customers, suppliers or competitors resulting from the announcement or completion of the Merger; and negative effects of the announcement or consummation of the Merger on the market price of Dream Finders’ common stock, its credit ratings or its operating results. View source version on businesswire.com: https://www.businesswire.com/news/home/20260916670502/en/ Contacts Dream FindersInvestor Contacts: [email protected] Contact: [email protected]

Record Second Quarter Net Sales of 2,232, Up 15% Record Second Quarter Closings of 2,290 JACKSONVILLE, Fla., July 30, 2026--(BUSINESS WIRE)--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, 2026. Second Quarter 2026 Highlights (As Compared to Second Quarter 2025) Net sales increased 15% to 2,232 from 1,938 Homebuilding revenues of $1.0 billion compared to $1.1 billion Home closings increased 3% to 2,290 from 2,232 Homebuilding gross margin of 14.2% compared to 16.5% Adjusted homebuilding gross margin (non-GAAP) of 24.2% compared to 25.9% Pre-tax income of $37 million compared to $74 million Net income attributable to DFH of $28 million, or $0.27 per basic share, compared to $57 million, or $0.57 per basic share Financial services pre-tax income remained consistent at $12 million Controlled lot pipeline of 54,091 as of June 30, 2026 compared to 63,121 as of December 31, 2025 Total liquidity of $605 million as of June 30, 2026, comprised of cash and cash equivalents and availability under the revolving credit facility Return on participating equity of 9.6% compared to 25.0% Repurchased 1,012,621 Class A common shares for $15 million during the three months ended June 30, 2026 Management Commentary Patrick Zalupski, Dream Finders Homes Founder, Co-Chairman and CEO, said, "The home building market continues to be challenging, but our teams have worked hard to identify opportunities to improve our cost structure with the goal of delivering more affordable homes to our customers. We believe costs will need to continue to trend down, perhaps significantly, to have a meaningful impact on market-wide housing results. Positively, our team delivered second-quarter and year-to-date Company records for both net sales and home closings. The higher closing volume helped partially offset lower average sales prices, which constrained margins, consistent with challenging macroeconomic conditions. Additionally, in line with our growth initiatives, our year-over-year active community count increase of 30% — reaching 353 communities — was the strongest in the industry. In the coming quarters, we will focus on optimizing these communities by executing our planned absorption targets and margin underwriting to drive improved profitability and return on participating equity. While the environment has been difficult, DFH certainly has further opportunities to improve operationally. We are laser-focused on reducing our SG&A expense, and believe we can streamline and right-size our operations to better manage our overhead costs in the current environment. This process is well underway, and we hope to be completed by year-end. We are also continuing to find ways to add experience and talent to our executive team and Board of Directors. I’m incredibly excited about the upgrades to the Company that we announced in the second quarter. With the appointment of Clint Szubinski as Chief Operating Officer, we have added a much-needed experienced and disciplined operator. Clint was most recently COO for a larger national public homebuilder and is fully aligned with the long-term goals for DFH. He is excited about our disciplined asset-light home building model, and, just as importantly, our long-term approach to building a durable business that should produce above-market shareholder returns over time. While Clint appreciates our patient approach, he has already rolled up his sleeves and is working on numerous near-term implementations to improve operational performance. I look forward to reporting back on Clint and the teams’ progress in the coming quarters. Our Board of Directors received a significant upgrade as well with the appointments of Rick Beckwitt, who will serve alongside me as Co-Chairman, and Steve Fischer, an independent director. Rick’s extensive public homebuilding experience is second to none in the industry, having served as Co-CEO of one of the largest homebuilders, by revenue, in the world. It would be hard to over emphasize Rick’s track record of success; we are incredibly fortunate to have him join our Board. Steve Fischer comes to our Board with significant financial and leadership expertise as a former CFO and CEO in the public banking industry. These two additions bring valuable guidance and perspective as we further scale the business. As we continue to evaluate opportunities for growth, we remain focused on disciplined capital allocation, inventory turns, cash generation and maintaining the flexibility of our asset-light model. We reiterate our 2026 full-year guidance of approximately 9,250 home closings." Homebuilding Second Quarter 2026 Results Homebuilding revenues in the second quarter of 2026 were $1.0 billion, a decrease of 8% when compared to the second quarter of 2025. The decrease in revenues was driven by lower average selling prices ("ASP"), partially offset by higher home closings. Declines in ASP across all segments were due to changes in our geographic and product mix, partially offset by reduced sales incentives during the second quarter of 2026. Homebuilding gross margin percentage in the second quarter of 2026 was 14.2%, compared to 16.5% in the second quarter of 2025. The decrease in homebuilding gross margin percentage was primarily the result of higher land and financing costs, partially offset by direct cost reductions and cycle-time improvements. Adjusted homebuilding gross margin in the second quarter of 2026 was 24.2%, compared to 25.9% in the second quarter of 2025. Adjusted homebuilding gross margin is a non-GAAP financial measure. See "Reconciliation of Non-GAAP Financial Measures" below. Selling, general and administrative expense ("SG&A") in the second quarter of 2026 decreased 5% to $128 million, compared to $135 million in the second quarter of 2025. The decrease in SG&A was mostly due to lower compensation costs from payroll and incentive reductions in line with financial results. SG&A as a percentage of homebuilding revenues in the second quarter of 2026 increased 50 bps to 12.8%, compared to 12.3% in the second quarter of 2025 due to reduced absorption per active community, as well as increased investments in technology and growth initiatives. Contingent consideration income of $13 million during the second quarter of 2025 related to an acquisition earnout arrangement that concluded in 2025 and, therefore, did not impact earnings for the second quarter of 2026. Other income in the second quarter of 2026 included gains on equity securities of $9 million, primarily attributable to unrealized gains from stock price fluctuation. Net sales in the second quarter of 2026 were 2,232, an increase of 15% compared to 1,938 for the second quarter of 2025. The cancellation rate in the second quarter of 2026 was 11.1%, an improvement of 290 bps compared to the second quarter of 2025 cancellation rate of 14.0%. The record number of sales and low cancellation rate this quarter demonstrate our ongoing commitment to delivering high-quality homes at accessible price points, supported by targeted mortgage buydown programs and compelling sales incentives. Second Quarter 2026 Backlog As of June 30, 2026, DFH had a backlog of 2,319 homes, valued at $1.2 billion, compared to the backlog of 2,377 homes, valued at $1.1 billion as of March 31, 2026. As of June 30, 2026, the ASP in backlog was $497,716 compared to $465,237 as of March 31, 2026. As of June 30, 2026, approximately 213 homes are expected to be delivered in 2027 and beyond. The following table shows the backlog units and ASP as of June 30, 2026 by homebuilding segment: Financial Services Financial services revenues increased by $5 million, or 11%, for the three months ended June 30, 2026 as compared to the three months ended June 30, 2025, largely due to loan execution efficiency and hedging strategies of Jet HomeLoans. Income before taxes remained consistent when compared to the three months ended June 30, 2025. Full Year 2026 Outlook Dream Finders Homes maintains its guidance of approximately 9,250 home closings for the full year 2026. About Dream Finders Homes Dream Finders Homes (NYSE: DFH), headquartered in Jacksonville, Florida, was recognized as the 2025 National Builder of the Year by Builder magazine. Dream Finders Homes builds single-family homes throughout the Southeast, Mid-Atlantic and Midwest, including Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, Arizona, and the Washington, D.C. metropolitan area, which comprises Washington D.C., Northern Virginia and Maryland. As the Official Home Builder of the PGA TOUR, the Jacksonville Jaguars and the Tampa Bay Rays, Dream Finders Homes is deeply committed to excellence beyond homebuilding and into the communities it serves. Through its wholly owned subsidiaries, DFH also provides mortgage financing as well as title agency and underwriting services to homebuyers. Dream Finders Homes achieves its growth and returns by maintaining an asset-light homebuilding model. For more information, please visit www.dreamfindershomes.com. Forward-Looking Statements This press release includes forward-looking statements regarding future events which include, but are not limited to, projected 2026 home closings and market conditions, possible or assumed future results of operations, and statements regarding the Company’s strategies and expectations as they relate to market opportunities and growth. All forward-looking statements are based on Dream Finders Homes’ beliefs as well as assumptions made by and information currently available to Dream Finders Homes. These statements reflect Dream Finders Homes’ current views with respect to future events and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in Dream Finders Homes’ Annual Report on Form 10-K for the year ended December 31, 2025 and other filings with the U.S. Securities and Exchange Commission. Dream Finders Homes undertakes no obligation to update or revise any forward-looking statement, except as may be required by applicable law. Reconciliation of Non-GAAP Financial Measures Management utilizes specific non-GAAP financial measures as supplementary tools to evaluate operating performance. These include adjusted homebuilding gross margin and net homebuilding debt to net capitalization. Other companies may not calculate non-GAAP financial measures in the same manner that we do. Accordingly, these non-GAAP financial measures should be considered only as a supplement to relevant GAAP information, as reconciled for each measure below. In the future, we may incorporate additional adjustments to these non-GAAP financial measures as we find them relevant and beneficial for both management and investors. Adjusted Homebuilding Gross Margin The following table presents a reconciliation of adjusted homebuilding gross margin to the GAAP financial measure of homebuilding gross margin for each of the periods indicated (in thousands, except percentages): We define adjusted homebuilding gross margin as homebuilding gross margin excluding the effects of capitalized interest, lot option fees, amortization included in homebuilding cost of sales (adjustments resulting from the application of purchase accounting in connection with acquisitions) and commission expense. Our management believes this information is meaningful as it isolates the impact that these excluded items have on homebuilding gross margin. We include internal and external commission expense in homebuilding cost of sales, not selling, general and administrative expense, and therefore commission expense is taken into account in homebuilding gross margin. As a result, in order to provide a meaningful comparison to the public company homebuilders that include commission expense below the homebuilding gross margin line in selling, general and administrative expense, we have excluded commission expense from adjusted homebuilding gross margin. However, because adjusted homebuilding gross margin information excludes capitalized interest, lot option fees, purchase accounting amortization and commission expense, which have real economic effects and could impact our results of operations, the utility of adjusted homebuilding gross margin information as a measure of our operating performance may be limited. Net Homebuilding Debt to Net Capitalization The following table presents a reconciliation of net homebuilding debt to net capitalization to the GAAP financial measure of total debt to total capitalization for each of the periods indicated (in thousands, except percentages): Net homebuilding debt to net capitalization is a non-GAAP financial measure calculated as homebuilding debt, less cash and cash equivalents ("net homebuilding debt"), divided by the sum of net homebuilding debt, total mezzanine equity and total equity ("net capitalization"). Net homebuilding debt excludes borrowings under our mortgage warehouse facilities, as well as any other non-homebuilding borrowings the Company may incur from time to time. Management believes the ratio of net homebuilding debt to net capitalization is meaningful as it is used to assess the performance of our homebuilding segments and is a relevant measure of our overall leverage. View source version on businesswire.com: https://www.businesswire.com/news/home/20260730582656/en/ Contacts Investor Contact: [email protected] Media Contact: [email protected]

Record Quarter Net Sales of 2,408, Up 19% JACKSONVILLE, Fla., April 30, 2026--(BUSINESS WIRE)--Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE: DFH) announced its financial results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights (As Compared to First Quarter 2025) Net sales increased 19% to 2,408 from 2,032 Homebuilding revenues of $837 million compared to $970 million Home closings of 1,870 compared to 1,925 Homebuilding gross margin of 14.5% compared to 19.2% Adjusted homebuilding gross margin (non-GAAP) of 24.3% compared to 27.8% Pre-tax income of $19 million compared to $71 million Net income attributable to DFH of $13 million, or $0.11 per basic share, compared to $55 million, or $0.55 per basic share Financial services pre-tax income of $9 million compared to $7 million Controlled lot pipeline of 60,629 as of March 31, 2026 compared to 63,121 as of December 31, 2025 Total liquidity of $661 million as of March 31, 2026, comprised of cash and cash equivalents and availability under the revolving credit facility Return on participating equity of 12.0% compared to 28.5% Repurchased 1,063,560 Class A common shares for $18 million during the three months ended March 31, 2026 Management Commentary Patrick Zalupski, Dream Finders Homes Chairman and CEO, said, "We continue to operate in a challenging environment as elevated mortgage rates and broader macroeconomic uncertainty have impacted affordability and consumer confidence across our markets. Despite these headwinds, I believe the team did an admirable job showing our ability to adapt pricing and incentive strategies to align with current market conditions, which enabled us to generate record net sales in the first quarter of 2,408, a 19% increase from the prior year quarter. While closings and profitability were impacted in the short term, our strong sales performance reflects continued demand for our product and the effectiveness of our approach in maintaining absorption in a competitive environment. As we have consistently stated, our focus remains on managing the business with discipline while positioning for long-term growth. We remain committed to driving operational efficiencies and delivering high-quality, affordable homes that meet the needs of our customers. Although near-term conditions remain dynamic, we believe our disciplined approach and scalable platform position us well to navigate the current environment and capitalize on opportunities over the long term. We reiterate our 2026 full year guidance of approximately 9,250 expected home closings." Homebuilding First Quarter 2026 Results Homebuilding revenues in the first quarter of 2026 were $837 million, a decrease of 14% when compared to the first quarter of 2025. The decrease in revenues was driven by lower average selling prices ("ASP") and home closings. Declines in ASP across all segments were attributable to the continued use of sales incentives during the first quarter of 2026, as well as changes in our geographic and product mix. Homebuilding gross margin percentage in the first quarter of 2026 was 14.5%, compared to 19.2% in the first quarter of 2025. The decrease in homebuilding gross margin percentage was primarily the result of higher sales incentives, as well as land and financing costs. Adjusted homebuilding gross margin in the first quarter of 2026 was 24.3%, compared to 27.8% in the first quarter of 2025. Adjusted homebuilding gross margin is a non-GAAP financial measure. See "Reconciliation of Non-GAAP Financial Measures" below. Selling, general and administrative expense ("SG&A") in the first quarter of 2026 decreased 5% to $111 million, compared to $117 million in the first quarter of 2025. The decrease in SG&A was primarily due to lower compensation costs from payroll and incentive reductions commensurate with operational volume and financial results. SG&A as a percentage of homebuilding revenues in the first quarter of 2026 increased 130 bps to 13.3%, compared to 12.0% in the first quarter of 2025 due to reduced absorption. Other expense, net of customary other income items in the first quarter of 2026 includes investing activities unrelated to our core homebuilding operations, which resulted in a net loss of approximately $1 million, primarily driven by an unrealized loss due to changes in fair value. Consolidated net income attributable to DFH in the first quarter of 2026 was $13 million, or $0.11 per basic share, compared to $55 million, or $0.55 per basic share, in the first quarter of 2025. Current quarter net income was negatively affected by approximately $1 million due to a higher effective tax rate, primarily as a result of decreased tax benefits from stock-based compensation. Net sales in the first quarter of 2026 were 2,408, an increase of 19% compared to 2,032 net sales for the first quarter of 2025. During the three months ended March 31, 2026, net sales included 145 sales related to a built-for-rent contract in our Mid-Atlantic segment. The cancellation rate in the first quarter of 2026 was 7.5%, an improvement of 420 bps compared with the first quarter of 2025 cancellation rate of 11.7%. The record level of sales and low cancellation rate this quarter highlight the effectiveness of our sales incentive strategies in driving traffic, as well as our continued focus on offering high-quality, affordable homes in desirable communities across our markets. First Quarter 2026 Backlog As of March 31, 2026, DFH had a backlog of 2,377 homes, valued at $1.1 billion, compared to the backlog of 1,839 homes, valued at $0.8 billion as of December 31, 2025. As of March 31, 2026, the ASP in backlog was $465,237 compared to $446,597 as of December 31, 2025. As of March 31, 2026, approximately 106 homes are expected to be delivered in 2027 and beyond. The following table shows the backlog units and ASP as of March 31, 2026 by homebuilding segment: Financial Services Financial services revenues increased by $31 million, or 159%, for the three months ended March 31, 2026 as compared to the three months ended March 31, 2025, mostly due to the April 2025 acquisition of Alliant Title. Income before taxes increased by $2 million, or 33%, during the first quarter of 2026 as compared to the same period in 2025, primarily due to execution efficiency and hedging strategies implemented by Jet HomeLoans after the first quarter of 2025. Full Year 2026 Outlook Dream Finders Homes maintains its guidance of approximately 9,250 home closings for the full year 2026. About Dream Finders Homes Dream Finders Homes (NYSE: DFH), headquartered in Jacksonville, Florida, was recognized as the 2025 National Builder of the Year by Builder magazine. Dream Finders Homes builds single-family homes throughout the Southeast, Mid-Atlantic and Midwest, including Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, Arizona, and the Washington, D.C. metropolitan area, which comprises Washington D.C., Northern Virginia and Maryland. As the Official Home Builder of the PGA TOUR, the Jacksonville Jaguars and the Tampa Bay Rays, Dream Finders Homes is deeply committed to excellence beyond homebuilding and into the communities it serves. Through its wholly owned subsidiaries, DFH also provides mortgage financing as well as title agency and underwriting services to homebuyers. Dream Finders Homes achieves its growth and returns by maintaining an asset-light homebuilding model. For more information, please visit www.dreamfindershomes.com. Forward-Looking Statements This press release includes forward-looking statements regarding future events which include, but are not limited to, projected 2026 home closings and market conditions, possible or assumed future results of operations, and statements regarding the Company’s strategies and expectations as they relate to market opportunities and growth. All forward-looking statements are based on Dream Finders Homes’ beliefs as well as assumptions made by and information currently available to Dream Finders Homes. These statements reflect Dream Finders Homes’ current views with respect to future events and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in Dream Finders Homes’ Annual Report on Form 10-K for the year ended December 31, 2025 and other filings with the U.S. Securities and Exchange Commission. Dream Finders Homes undertakes no obligation to update or revise any forward-looking statement, except as may be required by applicable law. Reconciliation of Non-GAAP Financial Measures Management utilizes specific non-GAAP financial measures as supplementary tools to evaluate operating performance. These include adjusted homebuilding gross margin and net homebuilding debt to net capitalization. Other companies may not calculate non-GAAP financial measures in the same manner that we do. Accordingly, these non-GAAP financial measures should be considered only as a supplement to relevant GAAP information, as reconciled for each measure below. In the future, we may incorporate additional adjustments to these non-GAAP financial measures as we find them relevant and beneficial for both management and investors. Adjusted Homebuilding Gross Margin The following table presents a reconciliation of adjusted homebuilding gross margin to the GAAP financial measure of homebuilding gross margin for each of the periods indicated (in thousands, except percentages): We define adjusted homebuilding gross margin as homebuilding gross margin excluding the effects of capitalized interest, lot option fees, amortization included in homebuilding cost of sales (adjustments resulting from the application of purchase accounting in connection with acquisitions) and commission expense. Our management believes this information is meaningful as it isolates the impact that these excluded items have on homebuilding gross margin. We include internal and external commission expense in homebuilding cost of sales, not selling, general and administrative expense, and therefore commission expense is taken into account in homebuilding gross margin. As a result, in order to provide a meaningful comparison to the public company homebuilders that include commission expense below the homebuilding gross margin line in selling, general and administrative expense, we have excluded commission expense from adjusted homebuilding gross margin. However, because adjusted homebuilding gross margin information excludes capitalized interest, lot option fees, purchase accounting amortization and commission expense, which have real economic effects and could impact our results of operations, the utility of adjusted homebuilding gross margin information as a measure of our operating performance may be limited. Net Homebuilding Debt to Net Capitalization The following table presents a reconciliation of net homebuilding debt to net capitalization to the GAAP financial measure of total debt to total capitalization for each of the periods indicated (in thousands, except percentages): Net homebuilding debt to net capitalization is a non-GAAP financial measure calculated as homebuilding debt, less cash and cash equivalents ("net homebuilding debt"), divided by the sum of net homebuilding debt, total mezzanine equity and total equity ("net capitalization"). Net homebuilding debt excludes borrowings under our mortgage warehouse facilities, as well as any other non-homebuilding borrowings the Company may incur from time to time. Management believes the ratio of net homebuilding debt to net capitalization is meaningful as it is used to assess the performance of our homebuilding segments and is a relevant measure of our overall leverage. View source version on businesswire.com: https://www.businesswire.com/news/home/20260430536267/en/ Contacts Investor Contact: [email protected] Media Contact: [email protected]

Record Home Closings of 8,608 for Full Year Record Net Sales of 7,747, Up 15% for Full Year Fourth Quarter Net Sales of 1,756, Up 9% JACKSONVILLE, Fla., February 23, 2026--(BUSINESS WIRE)--Dream Finders Homes, Inc. (the "Company", "Dream Finders Homes", "Dream Finders" or "DFH") (NYSE: DFH) announced its financial results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Highlights (As Compared to Fourth Quarter 2024) Homebuilding revenues of $1.2 billion compared to $1.5 billion Home closings of 2,536 compared to 3,008 Net sales increased 9% to 1,756 from 1,611 Homebuilding gross margin of 16.7% compared to 17.7% Adjusted homebuilding gross margin (non-GAAP) of 25.7% compared to 26.9% Pre-tax income of $78 million compared to $169 million Net income attributable to DFH of $59 million, or $0.60 per basic share compared to $129 million, or $1.35 per basic share Financial services pre-tax income of $8 million compared to $11 million Full Year 2025 Highlights (As Compared to Full Year 2024) Homebuilding revenues of $4.1 billion compared to $4.4 billion Home closings of 8,608 compared to 8,583 Net sales increased 15% to 7,747 from 6,727 Homebuilding gross margin of 17.4% compared to 18.3% Adjusted homebuilding gross margin (non-GAAP) of 26.5% compared to 27.0% Pre-tax income of $284 million compared to $438 million Net income attributable to DFH of $217 million, or $2.19 per basic share, compared to $335 million, or $3.44 per basic share Financial services pre-tax income increased 12% to $35 million from $31 million Controlled lot pipeline of 63,121 as of December 31, 2025 compared to 54,698 as of December 31, 2024 Issuance of $300 million in aggregate principal amount of 6.875% senior unsecured notes used to repay a portion of the then outstanding balance under the revolving credit facility Total liquidity of $899 million as of December 31, 2025, comprised of cash and cash equivalents and availability under the revolving credit facility Return on participating equity of 15.3% compared to 29.7% Repurchased 1,832,865 Class A common shares for $41.8 million during the year ended December 31, 2025 Management Commentary Patrick Zalupski, Dream Finders Homes Chairman and CEO, said, "We pride ourselves on always being honest with our analysis of the business and the environment and clearly 2025 was a challenging year for the industry. We expect this difficult backdrop to continue for the homebuilding industry, but as we have stated previously, the best operators find a way to navigate any environment and there will always be winners and losers. Consistent with previous guidance, DFH will find a way to scale our business and I’m proud of the team’s ability to set annual Company records in both closings and net sales. Dream Finders finished the year with a positive fourth quarter, generating homebuilding revenues of $1.2 billion and delivering 2,536 closings, which allowed us to accomplish a Company record annual closings number of 8,608 homes. Our commitment to providing affordable homes was evident in our annual results. We spent over $100 million in mortgage buy-down programs, and provided homebuyers tailored sales incentives. These strategies proved effective as we increased net sales by 9% and 15% for the fourth quarter and full year, respectively, in a challenging macro-economic environment that significantly impacted consumer confidence. We plan to maintain our Company goal of delivering the highest possible value to our homebuyers and will continue to work hard to address affordability challenges that face the industry and our customers. In Q4 2025, we entered into a strategic partnership to acquire the Sawgrass Marriott Golf Resort & Spa in Ponte Vedra Beach, Florida, a 66-acre parcel adjacent to the renowned PLAYERS Stadium Course at TPC Sawgrass. This partnership provides opportunities to expand our lot pipeline and supports our future growth and profitability. This strategic venture will also benefit the local community by boosting tourism, creating jobs, and fostering a vibrant environment, positioning the Sawgrass Marriott as an important part of our future. We are very excited to own a meaningful portion of the partnership’s economics and believe this irreplaceable asset was acquired at an attractive price that will yield very successful long-term results for our shareholders. The ongoing complexity and difficulty of the housing sector persisted through 2025, yet our results demonstrate the strength and resiliency of our business, as well as the perseverance of our team in a challenging environment. I applaud the team for their effective execution amid choppy conditions and for their ongoing pursuit of new opportunities to drive value. As we look to 2026, we remain focused on further scaling our business and delivering long-term returns to our shareholders. We initiate our 2026 full year guidance of approximately 9,250 expected home closings." Homebuilding Fourth Quarter 2025 Results Homebuilding revenues in the fourth quarter of 2025 were $1.2 billion, a decrease of 24% when compared to the fourth quarter of 2024. The decrease in revenues was driven by lower home closings and average selling prices ("ASP"). Declines in ASP across all segments were attributable to the continued use of sales incentives during the fourth quarter of 2025, as well as changes in our geographic product mix. The January 2025 Liberty Communities acquisition contributed 273 home closings with an ASP of $315,784 to the fourth quarter. Homebuilding gross margin percentage in the fourth quarter of 2025 was 16.7%, compared to 17.7% in the fourth quarter of 2024. The decrease in homebuilding gross margin percentage was primarily the result of higher sales incentives and land costs, as well as changes in product mix. Adjusted homebuilding gross margin in the fourth quarter of 2025 was 25.7%, compared to 26.9% in the fourth quarter 2024. Adjusted homebuilding gross margin is a non-GAAP financial measure. See "Reconciliation of Non-GAAP Financial Measures" below. Selling, general and administrative expense ("SG&A") in the fourth quarter of 2025 increased 7% to $124 million, compared to $116 million in the fourth quarter of 2024. The increase in SG&A was primarily due to higher use of forward mortgage commitment programs, as well as expenses related to our increased community count, partially offset by lower compensation costs. SG&A as a percentage of homebuilding revenues in the fourth quarter of 2025 increased 310 bps to 10.7%, compared to 7.6% in the fourth quarter of 2024 due to absorption. Consolidated net income attributable to DFH in the fourth quarter of 2025 was $59 million, or $0.60 per basic share, compared to $129 million, or $1.35 per basic share in the fourth quarter of 2024. Net sales in the fourth quarter of 2025 were 1,756, an increase of 9% compared to 1,611 net sales for the fourth quarter of 2024. The cancellation rate in the fourth quarter of 2025 was 15.9%, an improvement of 290 bps compared with the fourth quarter of 2024 cancellation rate of 18.8%. The improvement in our metrics this quarter demonstrates our effective use of sales incentives and availability of high-quality, affordable homes within our markets. Fourth Quarter 2025 Backlog As of December 31, 2025, DFH had a backlog of 1,839 homes, valued at $0.8 billion, compared to the backlog of 2,619 homes, valued at $1.2 billion as of September 30, 2025. As of December 31, 2025, the ASP in backlog was $446,597 compared to $447,133 as of September 30, 2025. As of December 31, 2025, approximately 1,767 of the homes in backlog are expected to be delivered in 2026 and 72 homes are expected to be delivered in 2027 and beyond. The following table shows the backlog units and ASP as of December 31, 2025 by homebuilding segment: Financial Services Financial services revenues increased by $28 million, or 109%, for the three months ended December 31, 2025 as compared to the three months ended December 31, 2024, mostly due to the April 2025 acquisition of Alliant Title. Income before taxes decreased by $3 million, or 30%, during the fourth quarter of 2025 as compared to the same period in 2024, primarily due to a lower volume of home closings during the fourth quarter. Financial services revenues and income before taxes increased by $126 million, or 242%, and $4 million, or 12%, respectively, for the year ended December 31, 2025 as compared to the year ended December 31, 2024, mostly due to the April 2025 acquisition of Alliant Title and the consolidation of Jet HomeLoans beginning July 1, 2024. Full Year 2026 Outlook Dream Finders Homes expects approximately 9,250 home closings for the full year 2026. About Dream Finders Homes Dream Finders Homes (NYSE: DFH), headquartered in Jacksonville, Florida, was recognized as the 2025 National Builder of the Year by Builder magazine. Dream Finders Homes builds single-family homes throughout the Southeast, Mid-Atlantic and Midwest, including Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, Arizona, and the Washington, D.C. metropolitan area, which comprises Washington D.C., Northern Virginia and Maryland. As the Official Home Builder of the PGA TOUR and the Jacksonville Jaguars, Dream Finders Homes is deeply committed to excellence beyond homebuilding and into the communities it serves. Through its wholly owned subsidiaries, DFH also provides mortgage financing as well as title agency and underwriting services to homebuyers. Dream Finders Homes achieves its growth and returns by maintaining an asset-light homebuilding model. For more information, please visit www.dreamfindershomes.com. Forward-Looking Statements This press release includes forward-looking statements regarding future events which include, but are not limited to, projected 2026 home closings and market conditions, possible or assumed future results of operations, and statements regarding the Company’s strategies and expectations as they relate to market opportunities and growth. All forward-looking statements are based on Dream Finders Homes’ beliefs as well as assumptions made by and information currently available to Dream Finders Homes. These statements reflect Dream Finders Homes’ current views with respect to future events and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in Dream Finders Homes’ Annual Report on Form 10-K for the year ended December 31, 2025 and other filings with the U.S. Securities and Exchange Commission. Dream Finders Homes undertakes no obligation to update or revise any forward-looking statement, except as may be required by applicable law. Reconciliation of Non-GAAP Financial Measures Management utilizes specific non-GAAP financial measures as supplementary tools to evaluate operating performance. These include adjusted homebuilding gross margin and net homebuilding debt to net capitalization. Other companies may not calculate non-GAAP financial measures in the same manner that we do. Accordingly, these non-GAAP financial measures should be considered only as a supplement to relevant GAAP information, as reconciled for each measure below. In the future, we may incorporate additional adjustments to these non-GAAP financial measures as we find them relevant and beneficial for both management and investors. Adjusted Homebuilding Gross Margin The following table presents a reconciliation of adjusted homebuilding gross margin to the GAAP financial measure of homebuilding gross margin for each of the periods indicated (in thousands, except percentages): We define adjusted homebuilding gross margin as homebuilding gross margin excluding the effects of capitalized interest, lot option fees, amortization included in homebuilding cost of sales (adjustments resulting from the application of purchase accounting in connection with acquisitions) and commission expense. Our management believes this information is meaningful as it isolates the impact that these excluded items have on homebuilding gross margin. We include internal and external commission expense in homebuilding cost of sales, not selling, general and administrative expense, and therefore commission expense is taken into account in homebuilding gross margin. As a result, in order to provide a meaningful comparison to the public company homebuilders that include commission expense below the homebuilding gross margin line in selling, general and administrative expense, we have excluded commission expense from adjusted homebuilding gross margin. However, because adjusted homebuilding gross margin information excludes capitalized interest, lot option fees, purchase accounting amortization and commission expense, which have real economic effects and could impact our results of operations, the utility of adjusted homebuilding gross margin information as a measure of our operating performance may be limited. Net Homebuilding Debt to Net Capitalization The following table presents a reconciliation of net homebuilding debt to net capitalization to the GAAP financial measure of total debt to total capitalization for each of the periods indicated (in thousands, except percentages): Net homebuilding debt to net capitalization is a non-GAAP financial measure calculated as homebuilding debt, less cash and cash equivalents ("net homebuilding debt"), divided by the sum of net homebuilding debt, total mezzanine equity and total equity ("net capitalization"). Net homebuilding debt excludes borrowings under our mortgage warehouse facilities, as well as any other non-homebuilding borrowings the Company may incur from time to time. Management believes the ratio of net homebuilding debt to net capitalization is meaningful as it is used to assess the performance of our homebuilding segments and is a relevant measure of our overall leverage. View source version on businesswire.com: https://www.businesswire.com/news/home/20260223924995/en/ Contacts Investor Contact: [email protected] Media Contact: [email protected]

Dream Finders Homes Inc. (DFH) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.7 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this homebuilder would post earnings of $0.65 per share when it actually produced earnings of $0.56, delivering a surprise of -13.85%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Dream Finders Homes, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $969.8 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 14.96%. This compares to year-ago revenues of $1.01 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Dream Finders Homes shares have lost about 7.1% since the beginning of the year versus the S&P 500's gain of 17.2%. While Dream Finders Homes has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Dream Finders Homes was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.82 on $1.38 billion in revenues for the coming quarter and $2.39 on $4.66 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Home Builders is currently in the bottom 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Beazer Homes (BZH), another stock in the same industry, has yet to report results for the quarter ended September 2025. The results are expected to be released on November 13. This homebuilder is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of -52.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Beazer Homes' revenues are expected to be $672.93 million, down 16.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dream Finders Homes, Inc. (DFH) : Free Stock Analysis Report Beazer Homes USA, Inc. (BZH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research