Company: LEGH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001558370-25-010800
Chunk: 1

Company: Legacy Housing Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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Item 1.Financial Statements

LEGACY HOUSING CORPORATION

CONDENSED BALANCE SHEETS 

(in thousands, except share and per share data)

​

​​​​​​​​    June 30,     December 31, ​​2025​2024Assets​​​​​​Current assets: ​   ​  Cash​$ 2,631​$ 1,149Accounts receivable, net​  4,197​  3,985Dealer financed receivables, net​​ 32,464​​ 32,585Consumer loans receivable, current​  9,098​  8,623Notes receivable from mobile home parks (“MHP”), current​  20,434​  23,770Other notes receivable, current​  11,083​  12,152Inventories, net​  40,522​  37,538Prepaid expenses and other current assets​  4,128​  4,504Total current assets​  124,557​  124,306Property, plant and equipment, net​  53,012​  47,585Consumer loans receivable, net​  177,261​  165,482Notes receivable from mobile home parks (“MHP”), net​  182,647​  182,694Other notes receivable, net​  1,413​  2,764Other assets - leased mobile homes​​ 4,066​​ 4,557ROU assets - operating leases​​ 1,091​​ 1,321Other assets​  7,938​  5,485Total assets​$ 551,985​$ 534,194Liabilities and Stockholders' Equity​   ​   Current liabilities:​   ​   Accounts payable​$ 3,710​$ 5,091Accrued liabilities​  11,974​  13,672Customer deposits​  2,369​  1,880Escrow liability​  13,175​  11,623Operating lease obligation​​ 447​​ 476Total current liabilities​  31,675​  32,742Long‑term liabilities:​   ​   Operating lease obligation, less current portion​​ 710​​ 920Lines of credit​  142​  —Deferred income taxes, net