Company: UHG
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001830188-25-000065
Chunk: 142

Company: United Homes Group, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 142
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(20.7)%(15.1)%7.1 %Rosewood14 8,660 618,571 11 7,874 715,818 27.3 %10.0 %(13.6)%Other34 1,742 435,500 5 1,879 375,800 (20.0)%(7.3)%15.9 %Total202 $74,873 $370,658 248 $85,685 $345,504 (18.5)%(12.6)%7.3 %___________________

1 Backlog value is calculated as the total contract value of homes in backlog.

2 ASP of backlog is calculated as backlog value divided by backlog inventory.

3 Other consists of UHG’s homebuilding operations in Raleigh, NC.

Six Months Ended June 30, 2025 Compared to Six Months Ended June 30, 2024

The following table presents summary results of operations for the periods indicated:

Six Months Ended June 30,20252024Amount Change% Change Statements of OperationsRevenue, net of sales discounts$192,507 $210,258 $(17,751)(8.4)%Cost of sales158,460 174,586 (16,126)(9.2)%Selling, general and administrative expense34,176 36,668 (2,492)(6.8)%Other expense, net(5,127)(5,545)418 (7.3)%Equity in net earnings from investment in joint venture497 657 (160)(24.4)%Change in fair value of derivative liabilities15,038 58,435 (43,397)(74.3)%Income before taxes$10,279 $52,551 $(42,272)(80.4)%Income tax benefit(1,560)(1,027)(533)51.9 %Net income$11,839 $53,578 $(41,739)(78.0)%Other Financial and Operating Data:Active communities at end of period(a)53 59 (6)(10.2)%Home closings555 648 (93)(14.4)%Average sales price of homes closed(b)$347,231 $337,994 $9,237 2.7 %Net new orders600 707 (107)(15.1)%Cancellation rate12.0 %11.