Company: UHG
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001830188-25-000036
Chunk: 72

Company: United Homes Group, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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 362 235 827 3,962 Three Months Ended March 31, 2024GSH South CarolinaRosewoodOtherCorporate (3)TotalsSegment revenue, net (1)$89,758 $8,104 $2,976 $— $100,838 Cost of sales72,218 7,697 2,743 2,086 84,744 Segment gross profit (loss)17,540 407 233 (2,086)16,094 Selling, general and administrative expense10,823 (150)708 5,673 17,054 Other (income) expense, net (2)(34)(11)(47)2,055 1,963 Total segment income (loss) before taxes$6,751 $568 $(428)$(9,814)$(2,923)Reconciling items:Reconciling items from equity method investments318 Change in fair value of derivative liabilities26,380 Consolidated income before taxes$23,775 

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As of December 31, 2024GSH South CarolinaRosewoodOtherCorporate (3)TotalsAssets (excl. goodwill)$163,997 $27,913 $21,379 $42,812 $256,101 Goodwill3,573 5,207 500 — 9,280 Total segment assets$167,570 $33,120 $21,879 $42,812 $265,381 Three Months Ended March 31, 2024Other segment disclosuresGSH South CarolinaRosewoodOtherCorporate (3)TotalsEquity in net earnings from investment in joint venture$— $— $— $318 $318 Investment in joint venture (4)— — — 691 691 Depreciation and amortization376 67 3 4 450 Interest expense1,397 — 30 4,228 5,655 ____________(1)Segment revenues include revenue recognized at a point in time from speculative home closings and revenue recognized over time from construction activities on land owned by customers, in accordance with the Company's revenue recognition policy.(2)Other (income) expense, net includes, among other items, interest expense not attributable to homebuilding activities, investment income, and amortization expense.(3)Corporate items included within consolidated income before taxes