Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 31

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 31
---
4 4 Additional paid-in capital59,435 53,937 (Accumulated deficit) retained earnings(6,532)12,924 Total stockholders' equity52,909 66,867 Total liabilities and stockholders' equity$293,114 $265,381 

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

3

Table of Contents

UNITED HOMES GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share amounts)

(Unaudited)

Three Months Ended September 30, Nine Months Ended September 30, 2025202420252024Revenue, net of sales discounts$90,794 $118,644 $283,301 $328,902 Cost of sales74,746 96,261 233,206 270,847 Gross profit16,048 22,383 50,095 58,055 Selling, general and administrative expense17,573 18,690 51,749 55,358 Net (loss) income from operations(1,525)3,693 (1,654)2,697 Other expense, net(2,182)(3,710)(7,309)(9,255)Equity in net earnings from investment in joint venture218 419 715 1,076 Change in fair value of derivative liabilities(27,208)(7,785)(12,170)50,650 (Loss) income before taxes(30,697)(7,383)(20,418)45,168 Income tax expense (benefit)598 (44)(962)(1,071)Net (loss) income$(31,295)$(7,339)$(19,456)$46,239 (Loss) earnings per shareBasic$(0.53)$(0.15)$(0.33)$0.96 Diluted$(0.53)$(0.15)$(0.33)$0.86 Weighted-average number of sharesBasic58,798,898 48,389,085 58,666,243 48,375,213 Diluted58,798,898 48,389,085 58,666,243 63,406,166 

The accompanying unaudited Notes to the Condensed Consolidated Financial Statements are