Company: LGIH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001580670-25-000058
Chunk: 41

Company: LGI Homes, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 $75,626 Basic earnings per share$1.36 $2.49 $1.52 $3.21 Diluted earnings per share$1.36 $2.48 $1.52 $3.20 Other Financial and Operating Data:Average community count146.0 128.3 147.0 122.5 Community count at end of period146 128 146 128 Home closings1,323 1,655 2,319 2,738 Average sales price per home closed$365,446 $364,047 $360,028 $362,801 Gross margin (1)$110,608 $150,884 $184,321 $242,285 Gross margin % (2)22.9 %25.0 %22.1 %24.4 %Adjusted gross margin (3)$123,486 $162,690 $206,275 $261,495 Adjusted gross margin % (2)(3)25.5 %27.0 %24.7 %26.3 %EBITDA (4)$54,890 $88,292 $69,742 $118,660 EBITDA margin % (2)(4)11.4 %14.7 %8.4 %11.9 %

(1)Gross margin is home sales revenues less cost of sales.

(2)Calculated as a percentage of home sales revenues.

(3)Adjusted gross margin is a non-GAAP financial measure used by management as a supplemental measure in evaluating operating performance. We define adjusted gross margin as gross margin less capitalized interest and adjustments resulting from the application of purchase accounting included in the cost of sales. Our management believes this information is useful because it isolates the impact that capitalized interest and purchase accounting adjustments have on gross margin. However, because adjusted gross margin information excludes capitalized interest and purchase accounting adjustments, which have real economic effects and could impact our results, the utility of adjusted gross margin information as a measure of our operating performance may be limited. In addition, other companies may not calculate adjusted gross margin information in the same manner that we do. Accordingly, adjusted gross margin information should be considered only as a supplement to gross margin information as a measure of our 

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performance. Please see “—Non-GAAP Measures” for a reconciliation of adjusted gross