Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 99

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 earnings from investment in joint venture$— $— $— $419 $419 Depreciation and amortization448 67 3 5 523 Interest expense(4)1,735 329 208 2,903 5,175 Nine Months Ended September 30, 2025Other segment disclosuresGSH South CarolinaRosewoodOtherCorporate (3)TotalsEquity in net earnings from investment in joint venture$— $— $— $715 $715 Depreciation and amortization1,434 191 10 15 1,650 Interest expense(4)8,249 1,055 467 1,571 11,342 Nine Months Ended September 30, 2024Other segment disclosuresGSH South CarolinaRosewoodOtherCorporate (3)TotalsEquity in net earnings from investment in joint venture$— $— $— $1,076 $1,076 Depreciation and amortization1,225 200 9 15 1,449 Interest expense(4)4,461 633 400 10,573 16,067 ____________(1)Segment revenues include revenue recognized at a point in time from speculative home closings and revenue recognized over time from construction activities on land owned by customers, in accordance with the Company's revenue recognition policy.(2)Other expense (income), net includes, among other items, interest expense not attributable to homebuilding activities, investment income, and amortization expense.(3)Corporate items included within consolidated income before taxes include unallocated corporate overhead, stock-based compensation, corporate interest income and expense, and other corporate level items not allocated to the segments. Similarly, corporate items included within consolidated assets include corporate cash and cash equivalents, deferred tax assets attributable to the corporate entity, operating lease right-of-use assets, and other corporate level items.

(4)Interest expense includes amounts recognized as interest expense in cost of sales and interest expense in other expense, net in the Condensed Consolidated Statements of Operations. 

Note 4 - Fair value measurementCertain assets and liabilities measured and reported at fair value under GAAP are classified in a three-level hierarchy that prioritizes the inputs used in the valuation process. Categorization within the valuation hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The hierarchy is based on the observability and objectivity of the pricing inputs as follows: Level