Company: UHG
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001830188-25-000036
Chunk: 88

Company: United Homes Group, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 income available to common shareholders$18,117 $27,697 Weighted-average number of common shares outstanding - basic58,595,204 48,362,589 Effect of dilutive securities:Convertible Notes— 14,336,918 Stock options - equity classified143,094 — Stock options - liability classified3,797 41,598 Stock warrants— 342,492 Restricted stock units— 27,807 Weighted-average number of common shares outstanding - diluted58,742,095 63,111,404 Earnings per share:Basic$0.31 $0.52 Diluted$0.31 $0.44 

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The following table summarizes potentially dilutive outstanding securities that were excluded from the calculation of diluted EPS, because their effect would have been anti-dilutive:Three Months Ended March 31,20252024Stock warrants746,947 — Private placement warrants2,966,663 2,966,663 Public warrants8,625,000 8,625,000 Stock options - equity classified5,544,072 4,722,073 Stock options - liability classified75,500 — Restricted stock units113,971 — Total anti-dilutive features18,072,153 16,313,736 The Company’s 21,886,379 earnout Shares and 833,250 PSUs are excluded from the anti-dilutive table above for the three months ended March 31, 2025, as the underlying shares remain contingently issuable as the earnout triggering events and performance-based conditions, respectively, have not been satisfied. The Company excluded 21,886,379 earnout shares and 478,000 PSUs for the three months ended March 31, 2024.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

References to the “Company,” “UHG,” “our,” “us” or “we” refer to United Homes Group, Inc. The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the unaudited Condensed Consolidated Financial Statements and the notes thereto contained elsewhere in this report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties. See “Cautionary Note Regarding Forward-Looking Statements.”

Overview 

UHG designs, builds and