Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 75

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 ASP2Backlog inventoryBacklog value1Backlog ASP2Backlog inventoryBacklog value1Backlog ASP2GSH South Carolina248 $84,621 $341,214 205 $70,520 $344,000 21.0 %20.0 %(0.8)%Rosewood15 9,369 624,600 11 7,311 664,636 36.4 %28.1 %(6.0)%Other31 355 355,000 4 2,080 520,000 (75.0)%(82.9)%(31.7)%Total264 $94,345 $357,367 220 $79,911 $363,232 20.0 %18.1 %(1.6)%___________________

1 Backlog value is calculated as the total contract value of homes in backlog.

2 ASP of backlog is calculated as backlog value divided by backlog inventory.

3 Other consists of UHG’s homebuilding operations in Raleigh, NC.

Nine Months Ended September 30, 2025 Compared to Nine Months Ended September 30, 2024

The following table presents summary results of operations for the periods indicated:

Nine Months Ended September 30, 20252024Amount Change% Change Statements of OperationsRevenue, net of sales discounts$283,301 $328,902 $(45,601)(13.9)%Cost of sales233,206 270,847 (37,641)(13.9)%Selling, general and administrative expense51,749 55,358 (3,609)(6.5)%Other expense, net(7,309)(9,255)1,946 (21.0)%Equity in net earnings from investment in joint venture715 1,076 (361)(33.6)%Change in fair value of derivative liabilities(12,170)50,650 (62,820)(124.0)%(Loss) income before taxes$(20,418)$45,168 $(65,586)(145.2)%Income tax benefit(962)(1,071)109 (10.2)%Net (loss) income$(19,456)$46,239 $(65,695)(142.1)%Other Financial and Operating Data:Active communities at end of period(a)56 55 1 1.8 %Home closings817 1,017