Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 140

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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-to-month basis, and some of which include options to terminate the lease. These 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 September 30, 2025, the future minimum lease payments required under these leases totaled $2.5 million, with $1.1 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):

Nine Months Ended September 30, 20252024Net cash flows used in operating activities$(20,980)$(11,960)Net cash flows used in investing activities(1,154)(12,716)Net cash flows provided by (used in) financing activities23,690 (6,178)

Operating activities

37

Net cash flows used in operating activities during the nine months ended September 30, 2025 was $21.0 million, as compared to $12.0 million for the nine months ended September 30, 2024. The difference in cash flows used period over period is an increase of $9.0 million. This change is primarily attributable to an increase in cash used in inventory of $46.0 million, partially offset by decreases in cash used in lot deposits of $15.9 million, and cash used in accounts payables and accrued liabilities of $20.4 million.

Investing activities

Net cash used in investing activities for the nine months ended September 30, 2025 was primarily attributable to purchases of property and equipment of $1.3 million. Net cash used in investing activities for the nine months ended September 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 nine months ended September 30, 2025 was $23.7 million compared to cash used in financing activities of $6.2 million for the nine months ended September 30, 2024. The difference in cash flows period over period is $29.9 million. During the nine months ended September 30, 2025 cash flows provided by financing activities was primarily attributable to net proceeds from the Syndicated Line of $70.8 million, partially offset by repay