Company: UHG
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001830188-25-000036
Chunk: 21

Company: United Homes Group, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
,957 1,510 Amortization of operating lease right-of-use assets306 415 Provision for deferred income taxes809 (1,257)Change in fair value of contingent earnout liability(17,976)(26,440)Change in fair value of warrant liabilities(3,143)145 Change in fair value of equity incentive plan(90)(85)Change in fair value of contingent consideration14 (875)Net change in operating assets and liabilities:Accounts receivable(2,944)898 Due from related party(5)11 Inventories3,192 4,872 Lot deposits1,273 (2,665)Prepaid expenses and other assets820 (1,043)Accounts payable1,870 (18,836)Operating lease liabilities(318)(264)Income tax receivable/ payable(2,100)93 Due to related parties393 — Other accrued expenses and liabilities(1,395)8 Net cash flows provided by (used in) operating activities1,221 (17,898)Cash flows from investing activities:Purchases of property and equipment(8)(29)Proceeds from the sale of property and equipment51 — Payments on business acquisition— (12,743)Proceeds from note receivable20 20 Net cash flows provided by (used in) investing activities63 (12,752)Cash flows from financing activities:Proceeds from syndicated line of credit25,000 24,000 Repayments of syndicated line of credit(22,000)(33,740)Proceeds from sale of real estate inventory not owned— 14,164 Repayments of liabilities from real estate inventory not owned(1,897)— Repayments on private investor loans— (1,335)

6

Payment of deferred financing costs— (464)Proceeds from exercise of employee stock options— 4 Net cash flows provided by financing activities1,103 2,629 Net change in cash, cash equivalents, and restricted cash2,387 (28,021)Cash, cash equivalents, and restricted cash, beginning of year25,549 56,672 Cash, cash equivalents, and restricted cash, end of year$27,936 $28,651 Supplemental cash flow information:Cash paid for interest$4,101 $5,677 Supplemental disclosures of non-cash activities:Derecognition