Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 156

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 156
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2,182)(3,710)1,528 (41.2)%Equity in net earnings from investment in joint venture218 419 (201)(48.0)%Change in fair value of derivative liabilities(27,208)(7,785)(19,423)249.5 %Loss before taxes(30,697)(7,383)(23,314)315.8 %Income tax expense (benefit)598 (44)642 (1459.1)%Net loss$(31,295)$(7,339)$(23,956)326.4 %Other Financial and Operating Data:Active communities at end of period(a)56 55 1 1.8 %Home closings262 369 (107)(29.0)%Average sales price of homes closed(b)$345,920 $320,199 $25,721 8.0 %Net new orders324 341 (17)(5.0)%Cancellation rate14.3 %12.8 %1.5 %11.6 %Backlog264 220 44 20.0 %Gross profit$16,048 $22,383 $(6,335)(28.3)%Gross margin(c)17.7 %18.9 %(1.2)%(6.3)%Adjusted gross profit(d)$17,814 $24,481 $(6,667)(27.2)%Adjusted gross margin(c)(d)19.6 %20.6 %(1.0)%(4.9)%EBITDA(d)$(26,605)$(1,634)$(24,971)1,528.2 %EBITDA margin(c)(d)(29.3)%(1.4)%(27.9)%1,992.9 %Adjusted EBITDA(d)$3,815 $8,978 $(5,163)(57.5)%Adjusted EBITDA margin(c)(d)4.2 %7.6 %(3.4)%(44.7)%

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(a)UHG had five and ten communities in closeout for the three months ended September 30, 2025 and 2024, respectively. These communities are not included in the count of “Active communities at end of period.”

(b)Average sales price of homes closed, excluding the impact of percentage of completion