Company: UHG
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001830188-25-000065
Chunk: 153

Company: United Homes Group, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 153
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 options are excluded from the calculation of the ROU asset and lease liability until it is reasonably certain that the option will be exercised. As of June 30, 2025, the future minimum lease payments required under these leases totaled $2.9 million, with $1.2 million payable within the next twelve months. Further information regarding Company’s leases is provided in Note 9 - Commitments and contingencies of the Notes to the Condensed Consolidated Financial Statements. 

Cash Flows

The following table summarizes UHG’s cash flows for the periods indicated (in thousands):

Six Months Ended June 30,20252024Net cash flows provided by (used in) operating activities$2,780 $(19,143)Net cash flows used in investing activities(176)(12,733)Net cash flows provided by financing activities9,937 120 

Operating activities

Net cash flows provided by operating activities during the six months ended June 30, 2025 was $2.8 million, as compared to net cash flows used in operating activities of $19.1 million for the six months ended June 30, 2024. The difference in cash flows period over period is an increase of $21.9 million. This change is primarily attributable to an increase in cash provided by accounts payable of $20.2 million, and an increase in cash provided by net income adjusted 

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for non-cash transactions of $2.5 million, partially offset by an increase in cash used in prepaid expenses and other assets of $1.1 million.

Investing activities

Net cash used in investing activities for the six months ended June 30, 2025 was primarily attributable to purchases of property and equipment of $0.3 million. Net cash used in investing activities for the six months ended June 30, 2024 was attributable to cash paid to acquire the homebuilding assets of Creekside Custom Homes of $12.7 million.

Financing activities

Net cash provided by financing activities for the six months ended June 30, 2025 was $9.9 million compared to $0.1 million for the six months ended June 30, 2024. The difference in cash flows period over period is $9.8 million. During the six months ended June 30, 2025 cash flows provided by financing activities was primarily attributable to proceeds from the Syndicated Line of $41.0 million, partially offset by repayments of the Syndicated Line and