Company: LGIH
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001580670-25-000076
Chunk: 97

Company: LGI Homes, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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ations of EBITDA to net income, which is the GAAP financial measure that our management believes to be most directly comparable.

Three Months Ended September 30, 2025 Compared to Three Months Ended September 30, 2024 

Homes Sales. Our home sales revenues, home closings, average sales price per home closed (ASP), average community count and average monthly absorption rate by reportable segment for the three months ended September 30, 2025 and 2024, and our community count by reportable segment as of September 30, 2025 and 2024, were as follows (revenues in thousands):

Three Months Ended September 30, 2025As of September 30, 2025RevenuesHome ClosingsASPAverage Community CountAverage Monthly Absorption RateCommunity Count at End of PeriodCentral$99,355 307 $323,632 45.0 2.345 Southeast101,419 299 339,194 32.3 3.132 Northwest49,408 109 453,284 14.7 2.514 West91,699 203 451,719 25.7 2.625 Florida54,751 147 372,456 24.3 2.025 Total$396,632 1,065 $372,424 142.0 2.5141 

Three Months Ended  September 30, 2024As of September 30, 2024RevenuesHome ClosingsASPAverage Community CountAverage Monthly Absorption RateCommunity Count at End of PeriodCentral$164,439 509 $323,063 45.7 3.747 Southeast155,205 466 333,058 27.3 5.729 Northwest83,061 150 553,740 14.3 3.515 West150,646 361 417,302 23.0 5.224 Florida98,503 271 363,480 23.0 3.923 Total$651,854 1,757 $371,004 133.3 4.4138 

Home sales revenues for the three months ended September 30, 2025 were $396.6 million, a decrease of $255.2 million, or 39.2%, from $651.9 million for the three months ended September