Company: LGIH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001580670-25-000058
Chunk: 14

Company: LGI Homes, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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ITEM 1.   FINANCIAL STATEMENTS

LGI HOMES, INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except share data)

  June 30,December 31, 20252024ASSETSCash and cash equivalents$59,560 $53,197 Accounts receivable34,596 28,717 Real estate inventory3,650,443 3,387,853 Pre-acquisition costs and deposits29,030 36,049 Property and equipment, net93,802 57,038 Other assets116,196 174,391 Deferred tax assets, net10,433 9,271 Goodwill12,018 12,018 Total assets$4,006,078 $3,758,534 LIABILITIES AND EQUITYAccounts payable$46,044 $33,271 Accrued expenses and other liabilities162,059 207,317 Notes payable1,740,830 1,480,718 Total liabilities1,948,933 1,721,306 COMMITMENTS AND CONTINGENCIESEQUITYCommon stock, par value $0.01, 250,000,000 shares authorized, 27,713,227 shares issued and 23,056,635 shares outstanding as of June 30, 2025 and 27,644,413 shares issued and 23,397,074 shares outstanding as of December 31, 2024277 276 Additional paid-in capital345,189 337,161 Retained earnings2,121,314 2,085,787 Treasury stock, at cost, 4,656,592 shares as of June 30, 2025 and 4,247,339 shares as of December 31, 2024 (409,635)(385,996)Total equity2,057,145 2,037,228 Total liabilities and equity$4,006,078 $3,758,534 

See accompanying notes to the consolidated financial statements.

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Table of Contents

LGI HOMES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except share and per share data)

  Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Home sales revenues$483,485 $602,497 $834