Company: LGIH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001580670-25-000058
Chunk: 174

Company: LGI Homes, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part II, Item 7
Chunk 174
---
, 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 June 30, 2025 Compared to Three Months Ended June 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 June 30, 2025 and 2024, and our community count by reportable segment as of June 30, 2025 and 2024, were as follows (revenues in thousands):

Three Months Ended June 30, 2025As of June 30, 2025RevenuesHome ClosingsASPAverage Community CountAverageMonthlyAbsorption RateCommunity Count at End of PeriodCentral$112,986 360 $313,850 47.3 2.5 46 Southeast150,110 456 329,189 33.7 4.5 35 Northwest53,487 100 534,870 16.0 2.1 16 West100,339 230 436,257 24.7 3.1 25 Florida66,563 177 376,062 24.3 2.4 24 Total$483,485 1,323 $365,446 146.0 3.0 146 

Three Months Ended June 30, 2024As of June 30, 2024RevenuesHome ClosingsASPAverage Community CountAverageMonthlyAbsorption RateCommunity Count at End of PeriodCentral$173,434 535 $324,176 44.0 4.1 44 Southeast135,418 410 330,288 24.7 5.5 23 Northwest68,125 132 516,098 14.3 3.