Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 173

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 173
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Net cash flows used in operating activities during the nine months ended September 30, 2025 was $21.0 million, as compared to $12.0 million for the nine months ended September 30, 2024. The difference in cash flows used period over period is an increase of $9.0 million. This change is primarily attributable to an increase in cash used in inventory of $46.0 million, partially offset by decreases in cash used in lot deposits of $15.9 million, and cash used in accounts payables and accrued liabilities of $20.4 million.

Investing activities

Net cash used in investing activities for the nine months ended September 30, 2025 was primarily attributable to purchases of property and equipment of $1.3 million. Net cash used in investing activities for the nine months ended September 30, 2024 was attributable to cash paid to acquire the homebuilding assets of Creekside Custom Homes of $12.7 million.

Financing activities

Net cash provided by financing activities for the nine months ended September 30, 2025 was $23.7 million compared to cash used in financing activities of $6.2 million for the nine months ended September 30, 2024. The difference in cash flows period over period is $29.9 million. During the nine months ended September 30, 2025 cash flows provided by financing activities was primarily attributable to net proceeds from the Syndicated Line of $70.8 million, partially offset by repayments of the Syndicated Line and land banking arrangements of $47.2 million. During the nine months ended September 30, 2024 cash flows used in financing activities was primarily attributable to the repayment of homebuilding debt of $79.2 million, partially offset by proceeds from the Syndicated Line and land banking arrangements, net of debt issuance costs, of $73.0 million.

Critical Accounting Policies and Estimates

There have been no significant changes to the Company’s critical accounting policies and estimates during the nine months ended September 30, 2025 as compared to those disclosed in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

Off-Balance Sheet Arrangements 

Land-light acquisition strategy 

The Company’s land-light strategy is accomplished in two ways - lot option contracts with third party and related party land developers and land bank option contracts. These option contracts grant