梦之寻房屋公司-A 2025年季度报告

OR Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number001-39916 ___________________________________________________________ (Exact name of registrant as specified in its charter)Delaware85-2983036 (State or other jurisdiction of incorporation or organization) 14701 Philips Highway,Suite 300,Jacksonville,FL32256(Address of principal executive offices)(Zip code)(904)644-7670(Registrant’s Telephone Number, Including Area Code)___________________________________________________________Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading symbol(s)Name of each exchange on which registered Class A Common Stock, par value $0.01 per share___________________________________________________________ Accrued cash consideration for business combinations7,287Total noncash investing activities$14,855$(3) (1)Includes payments for purchased tax credits of $36.6million for the three months ended March31, 2025 related to 2024income tax expense andnopayments for purchased tax credits for the three months ended March31, 2024. (2)Based on the estimated acquisition date fair value of the redeemable noncontrolling interests as of the reporting period date.Refer to Note 2, Acquisitions for more information.(3)Includes $6.7million in purchase price adjustments related to the Crescent Ventures, LLC (“Crescent Homes” or “Crescent”) 8 NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) Nature of Business Title & Trust and Golden Dog Title (“DF Title”) and Jet HomeLoans, LP (“Jet HomeLoans”). Basisof Presentation and ConsolidationThe accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting Regulation S-X. The condensed consolidated financial statements include the accounts of DFH, Inc., its wholly owned subsidiariesand any investments that may qualify for consolidation treatment. The noncontrolling interests represent equity interests held by others in certain of the Company’s subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. There areno other components of comprehensive income not already reflected in net and comprehensive income on our Condensed The financial statements and related notes do not include all of the information and footnotes required by GAAP for a complete set of financial statements. As such, the accompanying statements should be read in conjunction with the financial statementsand notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December31, 2024.Use of Estimates date of the condensed consolidated financial statements, as well as the reported amounts of revenues and expenses during the reportingReclassificationsCertain reclassifications have been made in the prior period condensed consolidated financial statements to conform to the In November 2024, the FASB issued ASU Number 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures” (“ASU 2024-03”). ASU 2024-03 requires disclosure of certain costs and expenses on an interimand annual basis in the notes to the financial statements. Annual disclosure requirements under ASU 2024-03 will become effective forthe fiscal year ending December 31, 2027, and interim disclosure requirements will become effective beginning in the first quarter of2028. The Company is currently evaluating the adoption of ASU 2024-03 on its condensed consolidated financial statements.In March 2024, the Securities and Exchange Commission (the “SEC”) issued its final rules aimed at standardizing climate- requirements may require compliance as early as the year ending December 31, 2025 depending on filing status. The Company iscurrently monitoring the legal challenges and assessing the potential impact of these final rules on the condensed consolidated financial statements. 9 Number 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 requiresmore disaggregated income tax disclosures, including additional information in the rate reconciliation and additional disclosures aboutincome taxes paid. ASU 2023-09 will become effective for the fiscal year ending December 31, 2025. Early adoption is permitted, andguidance should be applied prospectively, with an option to apply guidance retrospectively. The Company does not expect theadoption of ASU 2023-09 to have a material effect on the condensed consolidated financial statements. Liberty CommunitiesOn January 23, 2025, DFH, Inc. acquired the majority of the homebuilding assets of privately held homebuilder, LibertyCommunities, LLC (“Liberty Communities” or “Liberty”) through DFH subsidiaries, Dream Finders Holdings LLC, and DFH Liberty,LLC (“DFH Liberty”), a newly formed entity for purposes of consummating this transaction. This acquisition allowed the Company to The purchase agreement incl