Business
United Homes Group, Inc. Reports 2025 First Quarter Results
COLUMBIA, S.C., May 14, 2025--United Homes Group, Inc. (the "Company") (NASDAQ: UHG) today announced results for the first quarter ended March 31, 2025.
About this update from United Homes Group, Inc
[{"type":"text","content":"First Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Home closings of 252, a decrease of 19% year over year compared to 311 home closings in Q1 2024, resulting in revenue, net of sales discounts, of $87.0 million, a decrease of 14%","length":178,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net new orders of 296, a decrease of 23% year over year compared to 384 net new orders in Q1 2024","length":97,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net new orders and gross margin improved sequentially throughout the first quarter","length":82,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Average sale price ("ASP") of production-built homes increased to approximately $345,000 compared to $335,000 in Q1 2024","length":130,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Lot pipeline as of March 31, 2025 consists of approximately 7,500 lots owned or controlled by the Company or related parties","length":124,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Available liquidity of $86.9 million as of March 31, 2025, comprised of $25.0 million of cash and $61.9 million of unused committed capacity under our credit facility","length":166,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":777,"olType":false},{"type":"text","content":"COLUMBIA, S.C., May 14, 2025--(BUSINESS WIRE)--United Homes Group, Inc. (the "Company") (NASDAQ: UHG) today announced results for the first quarter ended March 31, 2025.","length":179,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Operating Results","length":36,"tagName":"p"},{"type":"text","content":"For the first quarter 2025, net income was $18.2 million, or $0.31 per diluted share, which included income from the change in fair value of derivative liabilities of $21.2 million, with that change predominantly due to changes in fair value on potential earn-out consideration due to fluctuation in the stock price during the measurement period, representing a non-cash item. The earnout consideration would be paid in common shares upon reaching certain stock price hurdles. The Company is required to record the fair value of this earnout as derivative liabilities on the Condensed Consolidated Balance Sheets and to re...