Company: LGIH
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001580670-25-000076
Chunk: 11

Company: LGI Homes, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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537 $1,645,202 Cost of sales311,520 488,362 962,104 1,239,425 Selling expenses35,661 55,196 119,602 149,196 General and administrative27,967 27,991 88,570 90,022 Operating income21,484 80,305 61,261 166,559 Other income, net(5,217)(11,547)(13,204)(25,270)Net income before income taxes26,701 91,852 74,465 191,829 Income tax provision6,997 22,277 19,234 46,628 Net income$19,704 $69,575 $55,231 $145,201 Earnings per share:Basic$0.85 $2.96 $2.38 $6.17 Diluted$0.85 $2.95 $2.37 $6.15 Weighted average shares outstanding:Basic23,056,904 23,500,349 23,223,736 23,540,620 Diluted23,149,005 23,579,592 23,289,280 23,611,906 

See accompanying notes to the consolidated financial statements.

5

Table of Contents

LGI HOMES, INC.

CONSOLIDATED STATEMENTS OF EQUITY

(Unaudited)

(In thousands, except share data)

Common StockAdditional Paid-In CapitalRetained EarningsTreasury StockTotal EquitySharesAmountBALANCE— December 31, 202427,644,413 $276 $337,161 $2,085,787 $(385,996)$2,037,228 Net income— — — 3,994 — 3,994 Restricted stock units granted for accrued annual bonuses— — 540 — — 540 Stock repurchase— — — — (3,051)(3,051)Compensation expense for equity awards— — 2,625 — — 2,625 Stock issued under employee incentive plans49,113 1 1,189 — — 1,190 BALANCE— March 31, 202527,693,526 $277 $341,515 $2,089,781