Company: UHG
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001830188-25-000065
Chunk: 21

Company: United Homes Group, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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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)

 June 30, 2025December 31, 2024ASSETSCash and cash equivalents$36,538 $22,629 Restricted cash1,552 2,920 Accounts receivable, net6,233 4,122 Inventories144,454 139,270 Real estate inventory not owned3,392 8,445 Due from related party192 191 Related party note receivable490 532 Income tax receivable4,847 2,079 Lot deposits44,938 48,153 Investment in joint venture1,183 691 Property and equipment, net832 759 Operating right-of-use assets2,367 2,779 Deferred tax asset, net15,411 15,248 Prepaid expenses and other assets9,357 8,283 Goodwill9,280 9,280 Total assets$281,066 $265,381 LIABILITIES AND STOCKHOLDERS' EQUITYAccounts payable$22,257 $17,801 Syndicated line of credit64,196 50,196 Liabilities from real estate inventory not owned2,596 6,584 Due to related parties9 122 Other accrued expenses and liabilities15,999 14,545 Operating lease liabilities2,522 2,958 Derivative liabilities24,011 39,158 Term loan, net67,314 67,150 Total liabilities198,904 198,514 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; 21,628,512 and 21,607,007 shares issued and outstanding on June 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 June 30, 2025, and December 31, 2024