Company: LEGH
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001104659-25-108551
Chunk: 1

Company: Legacy Housing Corp
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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Item 1.Financial Statements

LEGACY HOUSING CORPORATION

CONDENSED BALANCE SHEETS 

(in thousands, except share and per share data)

(unaudited)

​

​​​​​​​​    September 30,     December 31, ​​2025​2024Assets​​​​​​Current assets: ​   ​  Cash​$ 13,551​$ 1,149Accounts receivable, net​  4,646​  3,985Dealer financed receivables, net​​ 30,300​​ 32,585Consumer loans receivable, current​  9,299​  8,623Notes receivable from mobile home parks (“MHP”), current​  66,918​  23,770Other notes receivable, current​  4,304​  12,152Inventories, net​  39,581​  37,538Prepaid expenses and other current assets​  3,974​  4,504Total current assets​  172,573​  124,306Property, plant and equipment, net​  55,036​  47,585Consumer loans receivable, net​  178,837​  165,482Notes receivable from mobile home parks (“MHP”), net​  134,609​  182,694Other notes receivable, net​  1,648​  2,764Other assets - leased mobile homes​​ 3,948​​ 4,557ROU assets - operating leases​​ 976​​ 1,321Other assets​  10,300​  5,485Total assets​$ 557,927​$ 534,194Liabilities and Stockholders' Equity​   ​   Current liabilities:​   ​   Accounts payable​$ 3,547​$ 5,091Accrued liabilities​  11,116​  13,672Customer deposits​  1,434​  1,880Escrow liability​  13,551​  11,623Operating lease obligation​​ 432​​ 476Total current liabilities​  30,080​  32,742Long‑term liabilities:​   ​   Operating lease obligation, less current portion​​ 570​​ 920Deferred income taxes, net​​ 2,206​​ 2