United Homes Group Earnings Call Transcripts
Fiscal Year 2025
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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.
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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.
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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
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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.
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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.
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Q2 2024 saw 337 home deliveries and $109M revenue, with margins pressured by incentives and acquisition costs. Order growth was strong in Coastal and Upstate segments, and integration of recent acquisitions is progressing. Land and acquisition markets remain competitive.