Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 30

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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Item 1. Condensed Consolidated Financial Statements

UNITED HOMES GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

(Unaudited)

 September 30, 2025December 31, 2024ASSETSCash and cash equivalents$25,649 $22,629 Restricted cash1,456 2,920 Accounts receivable, net6,116 4,122 Inventories174,616 139,270 Real estate inventory not owned1,267 8,445 Due from related party192 191 Related party note receivable469 532 Income tax receivable4,963 2,079 Lot deposits41,938 48,153 Investment in joint venture401 691 Property and equipment, net1,641 759 Operating right-of-use assets2,053 2,779 Deferred tax asset, net15,319 15,248 Prepaid expenses and other assets7,754 8,283 Goodwill9,280 9,280 Total assets$293,114 $265,381 LIABILITIES AND STOCKHOLDERS' EQUITYAccounts payable$21,912 $17,801 Syndicated line of credit79,696 50,196 Liabilities from real estate inventory not owned938 6,584 Due to related parties80 122 Other accrued expenses and liabilities16,811 14,545 Operating lease liabilities2,195 2,958 Derivative liabilities51,217 39,158 Term loan, net67,356 67,150 Total liabilities240,205 198,514 Commitments and contingencies (Note 9)Preferred Stock, $0.0001 par value; 40,000,000 shares authorized; none issued or outstanding— — Class A common stock, $0.0001 par value; 350,000,000 shares authorized; 21,839,762 and 21,607,007 shares issued and outstanding on September 30, 2025, and December 31, 2024, respectively2 2 Class B common stock, $0.0001 par value; 60,000,000 shares authorized; 36,973,876 shares issued and outstanding on September 30, 2025, and December 31, 2024, respectively