DREM
Dream Homes & Development Corporation0.0200
-0.0045-18.4%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
971.29KP/E (TTM)
1.00Basic EPS (TTM)
0.02Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
Dream Homes flipped to profitability in Q2 2025 ended June 30, with construction revenue tripling y/y to $1.85M from $0.66M, gross profit swinging to $762K from a $482K loss, and operating income hitting $554K versus a $675K loss. YTD revenue doubled to $3.96M, driving $781K operating income against last year's $774K loss; net income of $504K reflects $65K to common shareholders at $0.01 per diluted share, matching 48M shares. Cash operations generated $2.2M but distributions drained it to $341K, while long-term debt fell to $2.6M after mortgage paydowns. Post-quarter, Berkeley Terrace and Lacey Pines pad sales plus $13.6M Autumn Run facility signal pipeline momentum. Ongoing litigation poses defense costs.
8-K
Auditor switch after SEC issue
Dream Homes dismissed auditor Olayinka Oyebola & Co. on August 13, 2025, after discovering it couldn't practice before the SEC; prior reports were clean save a going-concern note, with no disagreements. Board approved engaging LAO Professionals effective August 18. Clean switch. No audit hiccups disclosed.
10-Q
Q1 FY2025 results
Dream Homes swung to an operating profit of $227K for Q1 ended March 31, 2025, up from a $98K loss y/y, fueled by construction revenue jumping 43% y/y to $2.1M while gross margins doubled to 22.6%. Operating expenses dropped 24% y/y to $251K, mainly lower SG&A, yet net loss attributable to common hit $7K after $172K non-controlling interest allocation and $82K tax provision. Cash fell to $335K after $1.5M mortgage paydown, with inventories down to $6.1M; long-term debt stands at $2.5M across named lenders while fully retiring current mortgages. Building pad sales closed post-quarter. Lot sales hinge on national builder demand.
10-K
FY2024 results
Dream Homes swung to $876K net income in FY2024 ended December 31, 2024, from a $97K loss prior year, on $4.97M revenue (down 12% y/y) but gross profit doubling to $2.26M as costs fell 41%. Q4 accelerated with Berkeley Terrace selling 20 improved building pads by September—national builders snapping them up—while Lacey Pines wrapped infrastructure in Q3 for more pad sales ahead. Cash dipped to $1.05M yet inventories swelled to $7.37M on land developments; debt shrank to $3.96M mortgages. Equity quadrupled to $2.89M. Q4 momentum builds on lot sales. Weather stalls projects.
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