Company: UHG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001830188-25-000012
Chunk: 109

Company: United Homes Group, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 109
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,904,646 Income before taxes37,187,052 128,017,300 Income tax (benefit) expense(9,718,688)2,957,016 Net income$46,905,740 $125,060,284 Basic and diluted earnings per shareBasic$0.96 $2.74 Diluted$0.90 $2.35 Basic and diluted weighted-average number of sharesBasic48,967,507 45,639,431 Diluted63,139,920 55,768,890 

The accompanying Notes to the Consolidated Financial Statements are an integral part of these statements.

54

UNITED HOMES GROUP, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

Common StockAdditional paid-in capitalRetained earnings (Accumulated Deficit)Total Stockholders' EquityClass AClass BSharesAmountSharesAmountBalance, December 31, 2022 (1)373,471 $37 36,973,876 $3,697 $1,422,630 $57,577,672 $59,004,036 Distributions and net transfer to shareholders and Other Affiliates— — — — — (4,193,093)(4,193,093)Stock-based compensation expense— — — — 2,571,106 — 2,571,106 Forfeiture of private placement warrants— — — — 890,001 — 890,001 Issuance of common stock upon the reverse recapitalization, net of transaction costs8,492,528 850 — — 17,589,024 — 17,589,874 Issuance of common stock related to PIPE Investment1,333,962 133 — — 9,501,782 — 9,501,915 Issuance of common stock related to lock-up agreement421,099 42 — — 4,194 — 4,236 Recognition of derivative liability related to earnout— — — — (242,211,404)— (242,211,404)Recognition of derivative liability related equity incentive plan— — — — (1,279,139)— (1,279,139)Earnout stock-based