Company: UHG
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001830188-25-000065
Chunk: 22

Company: United Homes Group, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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, respectively4 4 Additional paid-in capital57,393 53,937 Retained earnings24,763 12,924 Total stockholders' equity82,162 66,867 Total liabilities and stockholders' equity$281,066 $265,381 

The accompanying unaudited Notes to the Condensed Consolidated Financial Statements are an integral part of these statements.

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UNITED HOMES GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share amounts)

(Unaudited)

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Revenue, net of sales discounts$105,506 $109,420 $192,507 $210,258 Cost of sales85,587 89,842 158,460 174,586 Gross profit19,919 19,578 34,047 35,672 Selling, general and administrative expense18,016 19,614 34,176 36,668 Net income (loss) from operations1,903 (36)(129)(996)Other expense, net(2,617)(3,582)(5,127)(5,545)Equity in net earnings from investment in joint venture275 339 497 657 Change in fair value of derivative liabilities(6,171)32,055 15,038 58,435 (Loss) income before taxes(6,610)28,776 10,279 52,551 Income tax (benefit) expense(269)136 (1,560)(1,027)Net (loss) income$(6,341)$28,640 $11,839 $53,578 (Loss)/earnings per shareBasic$(0.11)$0.59 $0.20 $1.11 Diluted$(0.11)$0.50 $0.20 $0.93 Weighted-average number of sharesBasic58,602,388 48,373,812 58,598,816 48,368,200 Diluted58,602,388 63,372,936 58,672,946 63,443,456 

The accompanying unaudited Notes to the Condensed Consolidated Financial Statements are an integral part of these statements.

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