Company: UHG
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001830188-25-000036
Chunk: 28

Company: United Homes Group, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 policies of the segments are consistent with those outlined in Note 3 - Summary of significant accounting policies of our most recent Annual Report on Form 10-K for the year ended December 31, 2024. The CODM evaluates performance and allocates resources for GSH South Carolina, Rosewood, and Other based on both segment gross profit and segment income or loss before taxes. These financial metrics are used to view operating trends, perform analytical comparisons and benchmark performance between periods and to monitor budget-to-actual variances on a monthly basis. Segment gross profit is used to evaluate product pricing strategies, monitor margins, and assess return on inventory, while segment income or loss before taxes is utilized to assess overall segment profitability and performance of each market and product type on a consistent and comparable basis.The following tables summarize revenues, gross profit, income or loss before taxes and total assets by segment, with reconciliations to the amounts reported for the consolidated company, where applicable (in thousands):

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Three Months Ended March 31, 2025GSH South CarolinaRosewoodOtherCorporate (3)TotalsSegment revenue, net (1)$72,033 $7,662 $7,306 $— $87,001 Cost of sales58,298 7,096 6,652 827 72,873 Segment gross profit (loss)13,735 566 654 (827)14,128 Selling, general and administrative expense9,731 669 637 5,123 16,160 Other expense (income), net (2)2,181 271 151 (93)2,510 Total segment income (loss) before taxes$1,823 $(374)$(134)$(5,857)$(4,542)Reconciling items:Reconciling items from equity method investments222 Change in fair value of derivative liabilities21,209 Consolidated income before taxes$16,889 As of March 31, 2025GSH South CarolinaRosewoodOtherCorporate (3)TotalsAssets (excl. goodwill)$174,147 $27,235 $15,421 $40,144 $256,947 Goodwill3,573 5,207 500 — 9,280 Total segment assets$177,720 $32,442 $15,921 $40,144 $266,227 Three Months Ended March 31, 202