# EDGAR Filing Document

**Accession Number:** 0001576940
**File Stem:** 0001576940-25-000064
**Filing Date:** 2025-10
**Character Count:** 41034
**Document Hash:** cbadee9328db4d4404dfc73f3b8b232c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001576940-25-000064.hdr.sgml**: 20251022

**ACCESSION NUMBER**: 0001576940-25-000064

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20251022

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251022

**DATE AS OF CHANGE**: 20251022

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Century Communities, Inc.
- **CENTRAL INDEX KEY:** 0001576940
- **STANDARD INDUSTRIAL CLASSIFICATION:** OPERATIVE BUILDERS [1531]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 680521411
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36491
- **FILM NUMBER:** 251410300

**BUSINESS ADDRESS:**
- **STREET 1:** 8390 E. CRESCENT PKWY., SUITE 650
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303.770.8300

**MAIL ADDRESS:**
- **STREET 1:** 8390 E. CRESCENT PKWY., SUITE 650
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111

?xml version='1.0' encoding='ASCII'? ccs-20251022x8k

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**____________________**

**FORM 8-K**

**____________________**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): October 22, 2025**

**____________________**

## CENTURY COMMUNITIES, INC.
 **(Exact name of registrant as specified in its charter)**

**____________________**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-36491** | **68-0521411**  |
| **(State or other jurisdiction of incorporation)** | **(Commission File Number)** | **(I.R.S. Employer Identification Number)** |

---

---

| | |
|:---|:---|
| **8390 East Crescent Parkway, Suite 650<br>‎Greenwood Village, Colorado** | **80111** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**(303) 770-8300**

(Registrant's telephone number, including area code)

**Not Applicable**

(Former name of former address, if changed since last report.)

**____________________**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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| | |
|:---|:---|
| □ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ◻ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ◻ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ◻ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

---

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **<u>Title of each class</u>** | **<u>Trading Symbol(s)</u>** | **<u>Name of each exchange on which registered</u>** |
| **Common Stock, par value $0.01 per share**  | **CCS**  | **New York Stock Exchange**  |

---

__________________________

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| | |
|:---|:---|
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933, as amended, or Rule 12b-2 of the Securities Exchange Act of 1934, as amended. | Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933, as amended, or Rule 12b-2 of the Securities Exchange Act of 1934, as amended. |
|  | Emerging growth company ◻ |
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻  | If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻  |

---

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**Item 2.02. Results of Operations and Financial Condition**

On October 22, 2025, Century Communities, Inc. (the "Company") issued a press release announcing its results of operations and financial condition as of and for the three and nine months ended September 30, 2025. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Current Report on Form 8-K (including Exhibit 99.1) is being "furnished" in accordance with General Instruction B.2 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be incorporated by reference into any registration statement or any other document filed pursuant to the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as expressly set forth by specific reference in such filing.

As discussed therein, the press release furnished as Exhibit 99.1 to this Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and, as such, may involve known and unknown risks, uncertainties and assumptions. These forward-looking statements relate to the Company's current expectations and are subject to the limitations and qualifications set forth in the press release as well as in the Company's other documents filed with the U.S. Securities and Exchange Commission, including, without limitation, that actual events and/or results may differ materially from those projected in such forward-looking statements.

**Item 9.01. Financial Statements and Exhibits**

**(d)Exhibits.**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 99.1 | [<u>Press release, dated October 22, 2025, announcing Century Communities, Inc.'s results of operations and financial condition as of and for the three and nine months ended September 30, 2025.</u>](ccs-20251022xex99_1.htm) |
| 104 | The cover page from this current report on Form 8-K, formatted in Inline XBRL. |

---

‎

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    <br> <u>Date: October 22, 2025</u> <u>CENTURY COMMUNITIES, INC.</u>

---

| | |
|:---|:---|
| By: | /s/ J. Scott Dixon |
|  | J. Scott Dixon |
|  | Chief Financial Officer |

---

## Exhibit 99.1

![Picture 1](ccs-20251022xex99_1g001.jpg)

**Century Communities Reports Third Quarter 2025 Results**

**- Deliveries of 2,486 Homes Generating $980.3 Million in Total Revenues -**

**- Net New Home Contracts of 2,386 -**

**- Net Income of $37.4 Million, or $1.25 Per Diluted Share -**

**- Adjusted Net Income of $45.7 Million, or $1.52 Per Diluted Share -**

**- Book Value per Share of $87.74, a Company Record -**

**Greenwood Village, Colorado (October 22, 2025) –** Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its third quarter ended September 30, 2025.

**Third Quarter 2025 Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Net income of $37.4 million, or $1.25 per diluted share

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Adjusted net income of $45.7 million, or $1.52 per diluted share

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Total revenues of $980.3 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Community count of 321

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Deliveries of 2,486 homes

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Net new home contracts of 2,386

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Homebuilding gross margin of 17.9%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Adjusted homebuilding gross margin of 20.1%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Repurchased 296,903 shares of common stock for $20.0 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Closed on private offering of $500 million of 6.625% Senior Notes due 2033 and extinguished $500 million of 6.750% Senior Notes due 2027

"In the third quarter, we performed well in a challenging environment and generated solid financial and operational results, meeting or exceeding our expectations, including the delivery of 2,486 homes to achieve the high end of our guidance," said Dale Francescon, Executive Chairman. "While buyers remain cautious given the current level of economic uncertainty, they still have a desire to own a new home. We expect any interest rate relief and improvement in consumer confidence will start to unlock buyer demand, which Century is well positioned to meet given the growth in our community count."

Rob Francescon, Chief Executive Officer and President, said, "Our adjusted homebuilding gross margin of 20.1% was consistent with second quarter 2025 levels, as we continued to see reductions in our direct costs and were able to limit increases in our incentives even in the seasonally slower third quarter. Our balance sheet remains strong with $2.6 billion of stockholders' equity and $836 million of liquidity, and our book value per share increased to $87.74, a Company record. In the third quarter, we repurchased an additional 296,903 shares of our common stock for $20.0 million, which coupled with our purchases earlier in the year, represents a reduction of 6% from shares outstanding at the beginning of the year."

**Third Quarter 2025 Results**

Net income for the third quarter 2025 was $37.4 million, or $1.25 per diluted share. Adjusted net income was $45.7 million, or $1.52 per diluted share.

Total revenues were $980.3 million, with third quarter home sales revenues totaling $955.2 million. Deliveries totaled 2,486 homes. The average sales price of home deliveries for the third quarter 2025 was $384,200.

------

Net new home contracts in the third quarter 2025 were 2,386, and at the end of the third quarter 2025, the Company had 1,117 homes in backlog, representing $416.9 million of backlog dollar value.

Adjusted homebuilding gross margin percentage, excluding interest, inventory impairment and purchase price accounting, was 20.1% in the third quarter of 2025. Homebuilding gross margin percentage excluding inventory impairment in the third quarter 2025 was 18.3%, and homebuilding gross margin was 17.9% compared to 17.6% for the second quarter of 2025. Selling, general, and administrative expenses as a percent of home sales revenues was 12.6% in the quarter. Adjusted EBITDA and EBITDA for the third quarter 2025 were $82.3 million and $69.7 million, respectively.

Financial services revenues and pre-tax income were $19.4 million and $3.0 million, respectively, in the third quarter 2025.

**Balance Sheet and Liquidity**

The Company ended the third quarter 2025 with a strong financial position, including $2.6 billion of stockholders' equity and $835.8 million of total liquidity, including $174.8 million of cash. During the quarter, we closed on a private offering of $500 million of 6.625% Senior Notes due 2033, with the proceeds being used to redeem our $500 million of 6.750% Senior Notes due 2027.

Our book value per share was a Company record $87.74 as of September 30, 2025.

During the third quarter, consistent with our disciplined capital allocation approach to enhance the long-term value of the Company and return capital to our shareholders, we maintained our quarterly cash dividend of $0.29 per share and repurchased 296,903 shares of common stock for $20.0 million.

As of September 30, 2025, homebuilding debt to capital equaled 34.5% and net homebuilding debt to net capital equaled 31.4%.

**Full Year 2025 Outlook** 

Scott Dixon, Chief Financial Officer of the Company, commented, "We are narrowing our full year 2025 home delivery guidance to be in the range of 10,000 to 10,250 homes and our home sales revenues to be in the range of $3.8 to $3.9 billion."

**Webcast and Conference Call**

The Company will host a webcast and conference call on Wednesday, October 22, 2025, at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company's third quarter 2025 results, provide commentary, and conduct a question-and-answer session. To participate in the call, please dial 800-549-8228 (domestic) or 646-564-2877 (international) and enter the conference ID 80774. The live webcast will be available at www.centurycommunities.com in the Investors section. A replay of the conference call will be available through October 29, 2025, by dialing 888-660-6264 (domestic) or 646-517-3975 (international) and entering conference ID 80774. A replay of the webcast will be available on the Company's website for at least one year.

**About Century Communities**

Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. *Newsweek* has named the Company one of America's Most Trustworthy Companies for three consecutive years, and one of the World's Most Trustworthy Companies (2025). Century Communities has also been designated as one of *U.S. News & World Report's* Best Companies to Work For (2025-2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged

------

in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.

**Non-GAAP Financial Measures**

In addition to the Company's operating results presented in accordance with United States generally accepted accounting principles (GAAP), this press release includes the following non-GAAP financial measures: adjusted net income, adjusted diluted earnings per share, adjusted homebuilding gross margin, EBITDA, adjusted EBITDA, and ratio of net homebuilding debt to net capital. These non-GAAP financial measures should not be used as a substitute for the Company's operating results presented in accordance with GAAP, and an analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. Please refer to the reconciliation of each of the above referenced non-GAAP financial measures following the historical financial information presented in this press release.

**Forward-Looking Statements** 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "intend," "estimate," "plan," "continue," "will," "may," "should," "potential," "guidance" and "outlook" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this release include the Company's operating and financial guidance for 2025, including without limitation anticipated home deliveries and revenues, and the Company's expectation that expect any interest rate relief and improvement in consumer confidence will start to unlock buyer demand. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. The following important factors could cause actual results to differ materially from those expressed in the forward-looking statement: adverse changes in general economic conditions, including increased interest rates, inflation, and employment levels; lower consumer confidence; the potential impact of tariffs and increased costs, immigration reform, global supply chain disruptions, labor, land and raw material or other resource shortages and delays, and municipal and utility delays on the Company's business, industry and the broader economy; the ability to identify and acquire desirable land; availability and cost of financing; the effect of tax changes; reliance on contractors and key personnel; availability and pricing for land, labor and raw materials and other resources; home incentive levels; future impairment and restructuring charges; the ability to pay dividends in the future; and the other factors included in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law.

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![Picture 7](ccs-20251022xex99_1g001.jpg)

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**Century Communities, Inc.**

**Consolidated Statements of Operations** 

*(Unaudited)*

(in thousands, except share and per share amounts)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| **Revenues** |  |  |  |  |
| &nbsp;&nbsp; Homebuilding Revenues |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Home sales revenues | $955162 | $1116125 | $2815365 | $3055941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Land sales and other revenues | 5764 | 650 | 7209 | 2242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total homebuilding revenues | 960926 | 1116775 | 2822574 | 3058183 |
| &nbsp;&nbsp; Financial services revenues | 19358 | 20091 | 61666 | 66676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total revenues | 980284 | 1136866 | 2884240 | 3124859 |
| **Homebuilding Cost of Revenues** |  |  |  |  |
| &nbsp;&nbsp; Cost of home sales revenues | (780566) | (873081) | (2285233) | (2386208) |
| &nbsp;&nbsp; Cost of land sales and other revenues | (6303) | (170) | (7199) | (207) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total homebuilding cost of revenues | (786869) | (873251) | (2292432) | (2386415) |
| &nbsp;&nbsp; Financial services costs | (16371) | (17021) | (50095) | (47894) |
| &nbsp;&nbsp; Selling, general, and administrative  | (119895) | (132972) | (369491) | (373054) |
| &nbsp;&nbsp; Inventory impairment | (3180) | (1373) | (10951) | (1942) |
| &nbsp;&nbsp; Other (expense) income, net | (6131) | (2337) | (13832) | (10690) |
| Income before income tax expense | 47838 | 109912 | 147439 | 304864 |
| Income tax expense | (10435) | (26892) | (35798) | (73789) |
| Net income | $37403 | $83020 | $111641 | $231075 |
| **Earnings per share:** |  |  |  |  |
| Basic | $1.26 | $2.65 | $3.69 | $7.31 |
| Diluted | $1.25 | $2.59 | $3.65 | $7.19 |
| **Weighted average common shares outstanding:** |  |  |  |  |
| Basic | 29645795 | 31336756 | 30266752 | 31596995 |
| Diluted | 30019153 | 32025015 | 30611011 | 32117917 |

---

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![Picture 6](ccs-20251022xex99_1g001.jpg)

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**Century Communities, Inc.**

**Consolidated Balance Sheets**

*(Unaudited)*

(in thousands, except share amounts)

---

| | | |
|:---|:---|:---|
|  | **September 30,**<br>**2025** | **December 31,**<br>**2024** |
| **Assets** | (unaudited) | (audited) |
| Cash and cash equivalents | $130075 | $149998 |
| Cash held in escrow | 44717 | 3004 |
| Accounts receivable | 70454 | 50318 |
| Inventories | 3584246 | 3454337 |
| Mortgage loans held for sale | 183527 | 236926 |
| Prepaid expenses and other assets | 525345 | 419384 |
| Property and equipment, net | 91800 | 155176 |
| Deferred tax assets, net | 22702 | 22220 |
| Goodwill | 41109 | 41109 |
| Total assets | $4693975 | $4532472 |
| **Liabilities and stockholders' equity** |  |  |
| Liabilities: |  |  |
| &nbsp;&nbsp; Accounts payable | $168989 | $133086 |
| &nbsp;&nbsp; Accrued expenses and other liabilities | 283990 | 302317 |
| &nbsp;&nbsp; Notes payable | 1147370 | 1107909 |
| &nbsp;&nbsp; Revolving line of credit | 339000 | 135500 |
| &nbsp;&nbsp; Mortgage repurchase facilities | 176604 | 232804 |
| Total liabilities | 2115953 | 1911616 |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp; Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp; Common stock, $0.01 par value, 100,000,000 shares authorized, 29,383,819 and 30,961,227 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | 294 | 310 |
| &nbsp;&nbsp; Additional paid-in capital | 399491 | 526959 |
| &nbsp;&nbsp; Retained earnings | 2178237 | 2093587 |
| Total stockholders' equity | 2578022 | 2620856 |
| Total liabilities and stockholders' equity | $4693975 | $4532472 |

---

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![Picture 5](ccs-20251022xex99_1g001.jpg)

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**Century Communities, Inc.**

**Homebuilding Operational Data**

*(Unaudited)*

------

**Net New Home Contracts**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
|  | **2025** | **2024** | **% Change** | **2025** | **2024** | **% Change** |
| West | 337 | 365 | (7.7)% | 1052 | 1181 | (10.9)% |
| Mountain | 418 | 463 | (9.7)% | 1216 | 1626 | (25.2)% |
| Texas | 433 | 454 | (4.6)% | 1436 | 1488 | (3.5)% |
| Southeast | 388 | 396 | (2.0)% | 1159 | 1232 | (5.9)% |
| Century Complete | 810 | 885 | (8.5) % | 2761 | 2682 | 2.9% |
| Total  | 2386 | 2563 | (6.9) % | 7624 | 8209 | (7.1) % |

---

**Home Deliveries** 

(dollars in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** |  |  |
|  | **2025** | **2025** | **2024** | **2024** | **% Change** | **% Change** |
|  | **Homes** | **Average Sales Price** | **Homes** | **Average Sales Price** | **Homes** | **Average Sales Price** |
| West | 369 | $591.0 | 363 | $662.9 | 1.7% | (10.8)% |
| Mountain | 401 | 506.0 | 513 | 528.4 | (21.8)% | (4.2)% |
| Texas | 460 | 293.8 | 530 | 300.9 | (13.2)% | (2.4)% |
| Southeast | 423 | 413.8 | 427 | 421.9 | (0.9)% | (1.9)% |
| Century Complete | 833 | 268.9 | 1001 | 264.6 | (16.8) % | 1.6% |
| Total / Weighted Average | 2486 | $384.2 | 2834 | $393.8 | (12.3) % | (2.4) % |
|  | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |  |  |
|  | **2025** | **2025** | **2024** | **2024** | **% Change** | **% Change** |
|  | **Homes** | **Average Sales Price** | **Homes** | **Average Sales Price** | **Homes** | **Average Sales Price** |
| West | 1007 | $597.4 | 972 | $634.3 | 3.6% | (5.8)% |
| Mountain | 1226 | 517.2 | 1494 | 524.8 | (17.9)% | (1.4)% |
| Texas | 1418 | 295.6 | 1439 | 303.4 | (1.5)% | (2.6)% |
| Southeast | 1127 | 427.5 | 1155 | 429.1 | (2.4)% | (0.4)% |
| Century Complete | 2579 | 263.2 | 2749 | 263.0 | (6.2) % | 0.1% |
| Total / Weighted Average | 7357 | $382.7 | 7809 | $391.3 | (5.8) % | (2.2) % |

---

------

![Picture 10](ccs-20251022xex99_1g001.jpg)

**Century Communities, Inc.**

**Homebuilding Operational Data**

*(Unaudited)*

------

**Selling Communities**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of September 30,** | **As of September 30,** | **Increase/Decrease** | **Increase/Decrease** |
|  | **2025** | **2024** | **Amount** | **% Change** |
| West | 38 | 27 | 11 | 40.7% |
| Mountain | 53 | 49 | 4 | 8.2% |
| Texas | 73 | 74 | (1) | (1.4)% |
| Southeast | 45 | 38 | 7 | 18.4% |
| Century Complete | 112 | 117 | (5) | (4.3) % |
| Total  | 321 | 305 | 16 | 5.2% |

---

**Backlog**

(dollars in thousands)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of September 30,** | **As of September 30,** | **As of September 30,** | **As of September 30,** | **As of September 30,** | **As of September 30,** |  |  |  |
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** | **% Change** | **% Change** | **% Change** |
|  | **Homes** | **Dollar Value** | **Average Sales Price** | **Homes** | **Dollar Value** | **Average Sales Price** | **Homes** | **Dollar Value** | **Average Sales Price** |
| West | 204 | $115035 | $563.9 | 315 | $196385 | $623.4 | (35.2)% | (41.4)% | (9.5)% |
| Mountain | 139 | 73330 | 527.6 | 295 | 171990 | 583.0 | (52.9)% | (57.4)% | (9.5)% |
| Texas | 195 | 59212 | 303.6 | 315 | 99066 | 314.5 | (38.1)% | (40.2)% | (3.5)% |
| Southeast | 139 | 61170 | 440.1 | 219 | 94202 | 430.1 | (36.5)% | (35.1)% | 2.3% |
| Century Complete | 440 | 108177 | 245.9 | 436 | 109761 | 251.7 | 0.9% | (1.4) % | (2.3) % |
| Total / Weighted Average | 1117 | $416924 | $373.3 | 1580 | $671404 | $424.9 | (29.3) % | (37.9) % | (12.1) % |

---

**Lot Inventory**

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of September 30,** | **As of September 30,** | **As of September 30,** | **As of September 30,** | **As of September 30,** | **As of September 30,** |  |  |  |
|  | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** | **% Change** | **% Change** | **% Change** |
|  | **Owned**  | **Controlled**  | **Total** | **Owned**  | **Controlled**  | **Total** | **Owned**  | **Controlled**  | **Total** |
| West | 3709 | 2207 | 5916 | 4445 | 3703 | 8148 | (16.6)% | (40.4)% | (27.4)% |
| Mountain | 8522 | 1292 | 9814 | 8681 | 4808 | 13489 | (1.8)% | (73.1)% | (27.2)% |
| Texas | 14713 | 3198 | 17911 | 12413 | 9693 | 22106 | 18.5% | (67.0)% | (19.0)% |
| Southeast | 5221 | 7857 | 13078 | 5563 | 12127 | 17690 | (6.1)% | (35.2)% | (26.1)% |
| Century Complete | 4318 | 11202 | 15520 | 4584 | 14104 | 18688 | (5.8) % | (20.6) % | (17.0) % |
| Total  | 36483 | 25756 | 62239 | 35686 | 44435 | 80121 | 2.2% | (42.0) % | (22.3) % |
| % of Total | 58.6% | 41.4% | 100.0% | 44.5% | 55.5% | 100.0% |  |  |  |

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![Picture 2](ccs-20251022xex99_1g001.jpg)

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 **Century Communities, Inc.**

**Reconciliation of Non-GAAP Financial Measures**

*(Unaudited)*

Adjusted net income and adjusted diluted earnings per share ("Adjusted EPS") are non-GAAP financial measures that the Company believes are useful to management, investors and other users of its financial information in evaluating its operating results and understanding its operating trends without the effect of certain non-recurring items. The Company believes excluding certain non-recurring items provides more comparable assessment of its financial results from period to period. The Company defines adjusted net income as consolidated net income before (i) income tax expense; (ii) inventory impairment; (iii) abandonment of lot option contracts; (iv) restructuring costs; (v) loss on debt extinguishment; (vi) impairment on other investment; and (vii) purchase price accounting for acquired work in process inventory; in each case, as applicable during a period, less adjusted income tax expense, calculated using the Company's estimated annual effective tax rate after discrete items for the applicable period. Adjusted EPS is calculated by dividing adjusted net income by weighted average common shares – diluted.

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**Adjusted Net Income and Adjusted Diluted Earnings Per Share**

(in thousands, except share and per share amounts)

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| **Numerator** |  |  |  |  |
| Net income  | $37403 | $83020 | $111641 | $231075 |
| **Denominator** |  |  |  |  |
| Weighted average common shares outstanding - basic | 29645795 | 31336756 | 30266752 | 31596995 |
| Dilutive effect of stock-based compensation awards | 373358 | 688259 | 344259 | 520922 |
| Weighted average common shares outstanding - diluted  | 30019153 | 32025015 | 30611011 | 32117917 |
| **Earnings per share:** |  |  |  |  |
| Basic | $1.26 | $2.65 | $3.69 | $7.31 |
| Diluted | $1.25 | $2.59 | $3.65 | $7.19 |
| **Adjusted earnings per share** |  |  |  |  |
| **Numerator** |  |  |  |  |
| &nbsp;&nbsp; Net income | $37403 | $83020 | $111641 | $231075 |
| &nbsp;&nbsp; Income tax expense | 10435 | 26892 | 35798 | 73789 |
| &nbsp;&nbsp; Income before income tax expense | 47838 | 109912 | 147439 | 304864 |
| &nbsp;&nbsp; Inventory impairment | 3180 | 1373 | 10951 | 1942 |
| &nbsp;&nbsp; Abandonment of lot option contracts<sup>(1)</sup> | 5159 | 2124 | 9306 | 3941 |
| &nbsp;&nbsp; Restructuring costs | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | 1505 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp; Loss on debt extinguishment | 1361 | &nbsp;&nbsp;&nbsp;&nbsp;— | 1361 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp; Impairment on other investment | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | 7722 |
| &nbsp;&nbsp; Purchase price accounting for acquired work in process inventory | 2830 | 3446 | 6763 | 5999 |
| &nbsp;&nbsp; Adjusted income before income tax expense | 60368 | 116855 | 177325 | 324468 |
| &nbsp;&nbsp; Adjusted income tax expense<sup>(</sup><sup>2)</sup> | (14657) | (28283) | (43054) | (78534) |
| **Adjusted net income** | $45711 | $88572 | $134271 | $245934 |
| **Denominator - Diluted** | 30019153 | 32025015 | 30611011 | 32117917 |
| **Adjusted diluted earnings per share** | $1.52 | $2.77 | $4.39 | $7.66 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Beginning in the third quarter of 2025, we added "Abandonment of lot option contracts" as an adjustment in our non-GAAP adjusted net income calculation. Accordingly, we have recast the corresponding prior period information to conform to the current presentation and calculation.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The tax rates used in calculating adjusted net income for the three and nine months ended September 3 0 , 2025 were 2 4.3 %, respectively, which are reflective of our GAAP tax rates for the nine months ended September 30, 2025. The tax rates used in calculating adjusted net income for the three and nine months ended September 30, 2024 were 24. 2 %, respectively, which are reflective of our GAAP tax rates for the nine months ended September 30, 2024.

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![Picture 9](ccs-20251022xex99_1g002.jpg)

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**Century Communities, Inc.**

**Reconciliation of Non-GAAP Financial Measures**

*(Unaudited)*

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Adjusted homebuilding gross margin excluding inventory impairment (if applicable), interest in cost of home sales revenues, and purchase price accounting for acquired work in process inventory (if applicable), is not a measurement of financial performance under GAAP; however, the Company's management believes that this information is meaningful as it isolates the impact that inventory impairment, indebtedness, and acquisitions have on homebuilding gross margin and permits the Company's stockholders to make better comparisons with the Company's competitors, who adjust gross margins in a similar fashion. This non-GAAP financial measure should not be used as a substitute for the Company's GAAP operating results. An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP.

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**Adjusted Homebuilding Gross Margin** 

(in thousands)

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
|  | **2025** | **%**  | **2024** | **%**  |
| Home sales revenues | $955162 | 100.0% | $1116125 | 100.0% |
| Cost of home sales revenues | (780566) | (81.7)% | (873081) | (78.2)% |
| Inventory impairment | (3180) | (0.3) % | (1373) | (0.1) % |
| Homebuilding gross margin | 171416 | 17.9% | 241671 | 21.7% |
| &nbsp;&nbsp; Add: Inventory impairment | 3180 | 0.3% | 1373 | 0.1% |
| Adjusted homebuilding gross margin excluding inventory impairment | 174596 | 18.3% | 243044 | 21.8% |
| &nbsp;&nbsp; Add: Interest in cost of home sales revenues | 15005 | 1.6% | 16492 | 1.5% |
| &nbsp;&nbsp; Add: Purchase price accounting for acquired work in process inventory | 2830 | 0.3% | 3446 | 0.3% |
| Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory | $192431 | 20.1% | $262982 | 23.6% |
|  | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
|  | **2025** | **%**  | **2024** | **%**  |
| Home sales revenues | $2815365 | 100.0% | $3055941 | 100.0% |
| Cost of home sales revenues | (2285233) | (81.2)% | (2386208) | (78.1)% |
| Inventory impairment | (10951) | (0.4) % | (1942) | (0.1) % |
| Homebuilding gross margin | 519181 | 18.4% | 667791 | 21.9% |
| &nbsp;&nbsp; Add: Inventory impairment | 10951 | 0.4% | 1942 | 0.1% |
| Adjusted homebuilding gross margin excluding inventory impairment | 530132 | 18.8% | 669733 | 21.9% |
| &nbsp;&nbsp; Add: Interest in cost of home sales revenues | 41994 | 1.5% | 42117 | 1.4% |
| &nbsp;&nbsp; Add: Purchase price accounting for acquired work in process inventory | 6763 | 0.2% | 5999 | 0.2% |
| Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory | $578889 | 20.6% | $717849 | 23.5% |

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![Picture 1](ccs-20251022xex99_1g001.jpg)

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**Century Communities, Inc.**

**Reconciliation of Non-GAAP Financial Measures**

*(Unaudited)*

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**EBITDA and Adjusted EBITDA** 

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EBITDA and adjusted EBITDA are non-GAAP financial measures the Company uses as supplemental measures in evaluating operating performance. The Company defines EBITDA as net income before (i) income tax expense, (ii) interest in cost of home sales revenues, (iii) other interest expense (income), and (iv) depreciation and amortization expense. The Company defines adjusted EBITDA as EBITDA before inventory impairment, abandonment of lot option contracts, restructuring costs, loss on debt extinguishment, impairment on other investment, and purchase price accounting for acquired work in process inventory, in each case as applicable during a period. The Company believes EBITDA and adjusted EBITDA provide an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, and items considered to be non-recurring. Accordingly, the Company's management believes that these measurements are useful for comparing general operating performance from period to period. Neither EBITDA nor adjusted EBITDA should be considered in addition to, and not as a substitute for, consolidated net income in accordance with GAAP as a measure of performance. The presentation of adjusted EBITDA should not be construed as an indication that the Company's future results will be unaffected by unusual or non-recurring items. Each of EBITDA and adjusted EBITDA is limited as an analytical tool, and should not be considered in isolation or as a substitute for analysis of the Company's results of operations as reported under GAAP.

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(in thousands)

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |
|  | **2025** | **2024** | **% Change** | **2025** | **2024** | **% Change** |
| Net income | $37403 | $83020 | (54.9)% | $111641 | $231075 | (51.7)% |
| Income tax expense | 10435 | 26892 | (61.2)% | 35798 | 73789 | (51.5)% |
| Interest in cost of home sales revenues | 15005 | 16492 | (9.0)% | 41994 | 42117 | (0.3)% |
| Interest expense (income) | 876 | (369) | (337.4)% | 445 | (2693) | (116.5)% |
| Depreciation and amortization expense  | 6005 | 6272 | (4.3) % | 18868 | 17437 | 8.2% |
| EBITDA | $69724 | $132307 | (47.3)% | $208746 | $361725 | (42.3)% |
| Inventory impairment | 3180 | 1373 | 131.6% | 10951 | 1942 | 463.9% |
| Abandonment of lot option contracts<sup>(1)</sup> | 5159 | 2124 | 142.9% | 9306 | 3941 | 136.1% |
| Restructuring costs | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | NM | 1505 | &nbsp;&nbsp;&nbsp;&nbsp;— | NM |
| Loss on debt extinguishment | 1361 | &nbsp;&nbsp;&nbsp;&nbsp;— | NM | 1361 | &nbsp;&nbsp;&nbsp;&nbsp;— | NM |
| Impairment on other investment | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | NM | &nbsp;&nbsp;&nbsp;&nbsp;— | 7722 | NM |
| Purchase price accounting for acquired work in process inventory | 2830 | 3446 | (17.9) % | 6763 | 5999 | 12.7% |
| Adjusted EBITDA | $82254 | $139250 | (40.9) % | $238633 | $381329 | (37.4) % |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Beginning in the third quarter of 2025, we added "Abandonment of lot option contracts" as an adjustment in our non-GAAP adjusted EBITDA calculation. Accordingly, we have recast the corresponding prior period information to conform to the current presentation and calculation.

NM – Not Meaningful

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![Picture 4](ccs-20251022xex99_1g003.jpg)

**Century Communities, Inc.**

**Reconciliation of Non-GAAP Financial Measures**

*(Unaudited)*

**Ratio of Net Homebuilding Debt to Net Capital**

The following table presents the Company's ratio of net homebuilding debt to net capital, which is a non-GAAP financial measure. The Company calculates this by dividing net homebuilding debt (homebuilding debt less cash and cash equivalents, and cash held in escrow) by net capital (net homebuilding debt plus total stockholders' equity). Homebuilding debt is total debt minus outstanding borrowings under construction loan agreement and mortgage repurchase facilities. The most directly comparable GAAP measure is the ratio of homebuilding debt to capital. The Company believes the ratio of net homebuilding debt to net capital is a relevant and useful financial measure to investors in understanding the leverage employed in its operations and as an indicator of the Company's ability to obtain external financing.

(in thousands)

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| | | |
|:---|:---|:---|
|  | **September 30,**<br>**2025** | **December 31,**<br>**2024** |
| Notes payable | $1147370 | $1107909 |
| Revolving line of credit | 339000 | 135500 |
| Construction loan agreements | (131151) | (102436) |
| Total homebuilding debt | 1355219 | 1140973 |
| Total stockholders' equity | 2578022 | 2620856 |
| Total capital | $3933241 | $3761829 |
| Homebuilding debt to capital | 34.5% | 30.3% |
| Total homebuilding debt | $1355219 | $1140973 |
| Cash and cash equivalents | (130075) | (149998) |
| Cash held in escrow | (44717) | (3004) |
| Net homebuilding debt | 1180427 | 987971 |
| Total stockholders' equity | 2578022 | 2620856 |
| Net capital | $3758449 | $3608827 |
| Net homebuilding debt to net capital | 31.4% | 27.4% |

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**Contact Information:** 

Tyler Langton, Senior Vice President of Investor Relations

303-268-8345

InvestorRelations@CenturyCommunities.com

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**Category:** 

Earnings

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