Company: LGIH
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001580670-25-000076
Chunk: 91

Company: LGI Homes, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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(367)1,571 1,684 Total other segment items$58,411 $71,640 $194,968 $213,948 Net income (loss) before income taxes:Central$9,145 $21,553 $15,108 $46,366 Southeast10,698 27,313 36,987 66,996 Northwest(783)12,257 2,620 19,445 West9,727 20,771 22,953 40,489 Florida(1,101)9,591 (1,632)19,266 Corporate(985)367 (1,571)$(733)Total net income before income taxes$26,701 $91,852 $74,465 $191,829 (1)Other segment items reflects other sources of income and expense, including selling expenses, general and administrative expenses and other income, net.(2)The Corporate balance consists of general and administrative unallocated costs for various shared service functions and non-strategic other income.

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September 30, 2025December 31, 2024Assets:Central$1,194,037 $1,096,500 Southeast803,848 733,339 Northwest605,698 567,088 West841,281 759,042 Florida484,240 480,921 Corporate (1)110,727 121,644 Total assets$4,039,831 $3,758,534 

(1)The Corporate balance consists primarily of investments in unconsolidated entities.   

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ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

For purposes of this Management’s Discussion and Analysis of Financial Condition and Results of Operation, references to “we,” “our,” “us” or similar terms refer to LGI Homes, Inc. and its subsidiaries. 

Business Overview

Our management team has been in the residential land development business since the mid-1990s. Since commencing home building operations in 2003, we have constructed and closed over 75,000 homes. 

We are engaged in the design, construction and sale of new homes in the following markets:

WestNorthwestCentralMidwestFloridaSoutheastMid-AtlanticPhoenix, AZSeattle, WAHouston, TXMinneapolis, MNTampa, FL