Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 108

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 shared costs to the related party in line with a predetermined methodology based on headcount. The Company allocated no overhead costs to the related party during the three and nine months ended September 30, 2025. During the three and nine months ended September 30, 2024, the Company allocated overhead costs to the related party in the amounts of $0.2 million and $0.4 million, respectively. The balance outstanding as of September 30, 2025 and December 31, 2024 was a receivable of $0.2 million and $0.2 million, respectively, and is presented within Due from related party on the Condensed Consolidated Balance Sheets. For the three and nine months ended September 30, 2025, the Company was charged zero and $0.1 million, respectively, for property maintenance, consulting, and land development management services. For the three and nine months ended September 30, 2024, the Company was charged $0.3 million and $0.6 million, respectively, by the same related party. The balance outstanding as of September 30, 2025 and December 31, 2024 was de minimis and is presented within Due to related parties on the Condensed Consolidated Balance Sheets.General contractingThe Company may occasionally be engaged as a general contractor by several related parties. There was no related party general contracting activity during the three and nine months ended September 30, 2025. For the three and nine months ended September 30, 2024, Revenue of $0.1 million and $0.6 million, respectively, and Cost of sales of $0.1 million and $0.5 million, respectively, were recognized in the Condensed Consolidated Statements of Operations.

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OtherOn July 1, 2025, the Company issued 156,215 shares of Class A common stock to a related party and former executive officer in accordance with his separation agreement with the Company. For both the three and nine months ended September 30, 2025, expenses of $0.4 million were recognized in the Condensed Consolidated Statements of Operations.The Company utilizes a related party vendor to perform certain civil engineering services. For the three and nine months ended September 30, 2025, the Company capitalized $0.1 million and $0.2 million, respectively, to Inventories on the Condensed Consolidated Balance Sheets. For the three and nine months ended September 30, 2024,