Company: LGIH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001580670-25-000058
Chunk: 91

Company: LGI Homes, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 91
---
586 $1,100 Total other segment items$68,568 $74,001 $136,557 $142,308 Net income (loss) before income taxes:Central$9,059 $21,457 $5,963 $24,812 Southeast18,169 24,068 26,289 39,683 Northwest2,197 7,678 3,403 7,188 West10,741 16,825 13,226 19,720 Florida1,931 7,619 (531)9,674 Corporate (57)(764)(586)(1,100)Total net income before income taxes$42,040 $76,883 $47,764 $99,977 (1)Other segment items reflects other sources of income and expense, including selling expenses, general and administrative expenses and other income, net.(2)The Corporate balance consists of general and administrative unallocated costs for various shared service functions and non-strategic other income.

19

June 30, 2025December 31, 2024Assets:Central$1,197,008 $1,096,500 Southeast788,957 733,339 Northwest596,491 567,088 West819,013 759,042 Florida495,984 480,921 Corporate (1)108,625 121,644 Total assets$4,006,078 $3,758,534 

(1)The Corporate balance consists primarily of cash and investments in unconsolidated entities.   

20

ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

For purposes of this Management’s Discussion and Analysis of Financial Condition and Results of Operation, references to “we,” “our,” “us” or similar terms refer to LGI Homes, Inc. and its subsidiaries. 

Business Overview

Our management team has been in the residential land development business since the mid-1990s. Since commencing home building operations in 2003, we have constructed and closed over 75,000 homes. 

We are engaged in the design, construction and sale of new homes in the following markets:

WestNorthwestCentralMidwestFloridaSoutheastMid-AtlanticPhoenix, AZSeattle, WAHouston, TXMinneapolis, MNTampa, FLAtlanta, GAWashington,