Company: LGIH
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001580670-25-000076
Chunk: 137

Company: LGI Homes, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 137
---
 our measure of EBITDA may not be directly comparable to the measures of other companies. Although we use EBITDA as a financial measure to assess the performance of our business, the use of this measure is limited because it does not include certain material costs, such as interest and taxes, necessary to operate our business. EBITDA should be considered in addition to, and not as a substitute for, net income in accordance with GAAP as a measure of performance. Our presentation of EBITDA should not be construed as an indication that our future results will be unaffected by unusual or non-recurring items. Our use of EBITDA is limited as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of our results as reported under GAAP. Please see “—Non-GAAP Measures” for reconciliations 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