Company: UHG
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001830188-25-000065
Chunk: 28

Company: United Homes Group, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 third party professionals, and other various assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ materially from those estimates made by management.Revenue recognition - The Company recognizes revenue in accordance with ASC 606. For the three months ended June 30, 2025 and 2024, revenue recognized at a point in time from speculative home closings totaled $105.5 million and $108.7 million, respectively, and revenue recognized over time from construction activities on land owned by customers 

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totaled less than $0.1 million and $0.8 million, respectively. For the six months ended June 30, 2025 and 2024, revenue recognized at a point in time from speculative homes totaled $192.0 million and $209.0 million, respectively, and for the six months ended June 30, 2025 and 2024, revenue recognized over time from land owned by customers totaled $0.5 million and $1.3 million, respectively.Advertising – The Company expenses advertising and marketing costs as incurred and includes such costs within Selling, general, and administrative expense in the Condensed Consolidated Statements of Operations. For the three months ended June 30, 2025 and 2024, the Company incurred $0.7 million and $0.9 million, respectively, in advertising and marketing costs. For the six months ended June 30, 2025 and 2024, the Company incurred $1.4 million and $1.6 million, respectively.Recently issued accounting pronouncements – In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). ASU 2023-09 also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. The guidance is effective for annual periods beginning after December 15, 2025. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. ASU 2023-09 should be applied on a prospective basis, but retrospective application is permitted