Dream Finders Homes, Inc. (DFH) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: October 30, 2025

Risk Assessment Details

Potential Dilution: 5.29% of current shares
Recent Dilution: 4.59% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
35M
Potential Supply
1.9M
Additional shares possible
Splits
None
Past 2 years

Summary

DFH currently has 35M outstanding shares. with limited dilution risk as only 1.85M additional shares (5.3%) are authorized for issuance. The company has minimally diluted shareholders by 4.59% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Oct 30, 2025

10-Q filing | 35.0M shares outstanding

35M 1.9M
Jul 31, 2025

10-Q filing | 35.2M shares outstanding

35M 1.9M
May 06, 2025

10-Q filing | 35.8M shares outstanding

36M 1.9M
Feb 25, 2025

10-K filing | 35.7M shares outstanding

36M 1.9M
Oct 31, 2024

10-Q filing | 34.3M shares outstanding

34M 1.9M
Aug 01, 2024

10-Q filing | 34.5M shares outstanding

35M 1.9M
May 02, 2024

10-Q filing | 34.5M shares outstanding

35M 1.9M
Feb 29, 2024

10-K filing | 34.0M shares outstanding

34M 1.9M
Nov 02, 2023

10-Q filing | 32.9M shares outstanding

33M 1.9M
Aug 03, 2023

10-Q filing | 32.9M shares outstanding

33M 1.9M
May 04, 2023

10-Q filing | 32.9M shares outstanding

33M 1.9M
Mar 02, 2023

10-K filing | 32.8M shares outstanding

33M 1.9M
Nov 03, 2022

10-Q filing | 32.4M shares outstanding

32M 1.9M
Aug 04, 2022

10-Q filing | 32.4M shares outstanding

32M 1.9M
May 10, 2022

10-Q filing | 32.4M shares outstanding

32M 1.9M
Mar 16, 2022

S-3 filing: This is an S-3 filing for the resale of Class A common stock by selling stockholders and the issuance of Class A common stock to holders of convertible preferred stock upon conversion of such preferred stock.

32M 1.9M
Mar 16, 2022

10-K filing | 32.5M shares outstanding

33M 1.9M
Nov 10, 2021

10-Q filing | 32.3M shares outstanding

32M 1.9M
Oct 05, 2021

8-K filing: Dream Finders Homes, Inc. sold 150,000 shares of Series A Convertible Preferred Stock to certain funds managed by BlackRock, Inc. for an aggregate purchase price of $150 million on September 29, 2021. ($150.0M proceeds)

32M 1.9M
Sep 13, 2021

8-K filing: Dream Finders Homes, Inc. entered into a Subscription Agreement with BlackRock, Inc. to sell 150,000 shares of Series A Convertible Preferred Stock for an aggregate purchase price of $150 million, with the closing of the purchase conditioned upon the simultaneous closing of the MHI Acquisition. ($150.0M proceeds)

32M 1.9M
Aug 10, 2021

10-Q filing | 32.3M shares outstanding

32M 1.9M
May 17, 2021

10-Q filing | 32.3M shares outstanding

32M 1.9M
Jan 25, 2021

8-K filing: Dream Finders Homes, Inc. completed an offering of 11,040,000 shares of Class A Common Stock at $13.00 per share, resulting in net proceeds of approximately $133.5 million, and implemented a merger. ($133.5M proceeds)

N/A 1.9M
Jan 14, 2021

S-1/A filing: This S-1/A filing describes an employment agreement between Dream Finders Homes, Inc. and Patrick Zalupski, which includes an IPO bonus in the form of an equity award of Class B common stock with an aggregate value of $6.0 million.

N/A 1.9M
Jan 11, 2021

S-1/A filing: This S-1/A filing indicates an interest from certain entities affiliated with BOC DFH, LLC to purchase an aggregate of at least 1,851,850 shares of Class A common stock at the initial public offering price of $13.50 per share.

N/A 1.9M
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