Company: UHG
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001830188-25-000065
Chunk: 24

Company: United Homes Group, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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— — — — Stock-based compensation expense— — — — 1,510 — 1,510 Net income— — — — — 24,938 24,938 Balance as of March 31, 202411,397,589 $1 36,973,876 $4 $4,311 $(9,044)$(4,728)Taxes related to net share settlement of performance stock units— — — — (19)— (19)Exercise of employee stock options2,614 — — — 7 — 7 Issuance of shares related to performance stock units5,567 — — — — — — Forfeiture of stock options under the 2023 Plan— — — — 5 — 5 Stock-based compensation expense— — — — 1,840 — 1,840 Net income— — — — — 28,640 28,640 Balance as of June 30, 202411,405,770 $1 36,973,876 $4 $6,144 $19,596 $25,745 

The accompanying unaudited Notes to the Condensed Consolidated Financial Statements are an integral part of these statements.

5

UNITED HOMES GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

Six Months Ended June 30,20252024Cash flows from operating activities:Net income$11,839 $53,578 Adjustments to reconcile net income to net cash flows from operating activities:Credit loss64 39 Investment earnings in joint venture(497)(657)Depreciation expense102 101 Loss on disposal of property and equipment43 20 Loss on extinguishment of debt— 104 Gain on lease modification— (197)Amortization of intangible assets203 187 Amortization of deferred financing costs756 661 Amortization of discount on Convertible Notes— 1,001 Amortization of discount on private investor debt— 60 Amortization of discount on term loan164 — Stock-based compensation expense3,368 3,350 Amortization of operating lease right-of-use assets