Company: UHG
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001830188-25-000036
Chunk: 18

Company: United Homes Group, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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Item 1. Condensed Consolidated Financial Statements

UNITED HOMES GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

(Unaudited)

 March 31, 2025December 31, 2024ASSETSCash and cash equivalents$25,016 $22,629 Restricted cash2,920 2,920 Accounts receivable, net7,072 4,122 Inventories138,449 139,270 Real estate inventory not owned6,074 8,445 Due from related party196 191 Related party note receivable511 532 Income tax receivable4,185 2,079 Lot deposits46,880 48,153 Investment in joint venture908 691 Property and equipment, net672 759 Operating right-of-use assets2,614 2,779 Deferred tax asset, net14,439 15,248 Prepaid expenses and other assets7,011 8,283 Goodwill9,280 9,280 Total assets$266,227 $265,381 LIABILITIES AND STOCKHOLDERS' EQUITYAccounts payable$19,672 $17,801 Syndicated line of credit53,196 50,196 Liabilities from real estate inventory not owned4,715 6,584 Due to related parties515 122 Other accrued expenses and liabilities13,181 14,545 Operating lease liabilities2,781 2,958 Derivative liabilities17,836 39,158 Term loan, net67,230 67,150 Total liabilities179,126 198,514 Commitments and contingencies (Note 9)Preferred Stock, $0.0001 par value; 40,000,000 shares authorized; none issued or outstanding. — — Class A common stock, $0.0001 par value; 350,000,000 shares authorized; 21,628,512 and 21,607,007 shares issued and outstanding on March 31, 2025, and December 31, 2024, respectively.2 2 Class B common stock, $0.0001 par value; 60,000,000 shares authorized; 36,973,876 shares issued and outstanding on March 31, 2025, and December 31, 2024