Company: UHG
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001830188-25-000065
Chunk: 56

Company: United Homes Group, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 of OperationsRevenue, net of sales discounts$105,506 $109,420 $(3,914)(3.6)%Cost of sales85,587 89,842 (4,255)(4.7)%Selling, general and administrative expense18,016 19,614 (1,598)(8.2)%Other expense, net(2,617)(3,582)965 (26.9)%Equity in net earnings from investment in joint venture275 339 (64)(18.9)%Change in fair value of derivative liabilities(6,171)32,055 (38,226)(119.3)%(Loss) income before taxes(6,610)28,776 (35,386)(122.9)%Income tax (benefit) expense(269)136 (405)(297.8)%Net (loss) income$(6,341)$28,640 $(34,981)(122.0)%Other Financial and Operating Data:Active communities at end of period(a)53 59 (6)(10.2)%Home closings303 337 (34)(10.1)%Average sales price of homes closed(b)$349,265 $340,803 $8,462 2.5 %Net new orders304 323 (19)(5.9)%Cancellation rate11.4 %12.7 %(1.3)%(10.2)%Backlog202 248 (46)(18.5)%Gross profit$19,919 $19,578 $341 1.5 %Gross margin(c)18.9 %17.9 %1.0 %5.6 %Adjusted gross profit(d)$22,436 $22,845 $(409)(1.8)%Adjusted gross margin(c)21.3 %20.9 %0.4 %1.9 %EBITDA(d)$(2,062)$34,571 $(36,633)(106.0)%EBITDA margin(c)(2.0)%31.6 %(33.6)%(106.3)%Adjusted EBITDA(d)$7,237 $7,660 $(423)(5.5)%Adjusted EBITDA margin(c)6.9 %7.0 %(0.1)%(1.4)%

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(a)UHG