United Homes Group Earnings Call Transcripts
Fiscal Year 2025
-
Q3 2025 saw a net loss of $31.3M and revenue decline to $90.8M, driven by lower home closings and non-cash derivative losses. Despite industry headwinds, improved buyer traffic and increased community count signal resilience and future growth potential.
-
Q2 2025 saw $105.5M in revenue and a net loss of $6.3M, with gross margin rising to 18.9% despite lower home closings and net new orders. Affordability focus and refreshed home designs drove margin gains, and new communities are expected to boost sales in H2 2025.
-
Q1 2025 saw 252 homes delivered and $87M in revenue, with margins pressured by incentives but improving due to cost reductions and new product rollouts. April orders rose 6% year-over-year, and the company remains optimistic about margin recovery and long-term growth.
Fiscal Year 2024
-
Q4 2024 saw 7% growth in home deliveries and 19% growth in net new orders, with refreshed products and cost initiatives improving margins. Revenue and closings increased year-over-year, though gross margins declined due to incentives and competitive pricing.
-
Q3 2024 saw 35% revenue growth and a 30% rise in home deliveries, with net new orders up 25% year-over-year. Gross margins declined due to elevated incentives, while liquidity remained strong at $89 million. Leadership transition and expansion into new markets support future growth.
-
Q2 2024 saw 337 home deliveries and $109M in revenue, with strong order growth in Coastal and Upstate regions. Margins were pressured by incentives, but lower input costs and a robust lot pipeline support a positive outlook. Liquidity remains strong at $80M.