Company: UHG
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001830188-25-000036
Chunk: 19

Company: United Homes Group, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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, respectively.4 4 Additional paid-in capital55,991 53,937 Retained earnings31,104 12,924 Total stockholders' equity87,101 66,867 Total liabilities and stockholders' equity$266,227 $265,381 

The accompanying unaudited Notes to the Condensed Consolidated Financial Statements are an integral part of these statements.

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UNITED HOMES GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share amounts)

(Unaudited)

Three Months Ended March 31,20252024Revenue, net of sales discounts$87,001 $100,838 Cost of sales72,873 84,744 Gross profit14,128 16,094 Selling, general and administrative expense16,160 17,054 Net loss from operations(2,032)(960)Other expense, net(2,510)(1,963)Equity in net earnings from investment in joint venture222 318 Change in fair value of derivative liabilities21,209 26,380 Income before taxes16,889 23,775 Income tax benefit(1,291)(1,163)Net income$18,180 $24,938 Earnings per shareBasic$0.31 $0.52 Diluted$0.31 $0.44 Weighted-average number of sharesBasic58,595,204 48,362,589 Diluted58,742,095 63,111,404 

The accompanying unaudited Notes to the Condensed Consolidated Financial Statements are an integral part of these statements.

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UNITED HOMES GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

(In thousands, except share amounts)

(Unaudited)

Common stockAdditional paid-in capitalRetained earningsTotal Stockholders' equityClass AClass BSharesAmountSharesAmountBalance as of December 31, 202421,607,007 $2 36,973,876 $4 $53,937 $12,924 $66,867 Taxes related to net share settlement of restricted stock units— — — — (17)— (17)Issuance of shares related to restricted stock units21,505 —