Lgi Homes, Inc. · NASDAQ:LGIH
Lgi Homes — Q1 2026 Earnings Presentation
15 slides from Lgi Homes's earnings presentation, Apr 28, 2026
Slide 1: Investor Presentation First Quarter 2026
INVESTOR PRESENTATION First Quarter 2026
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Forward-Looking Statements This presentation includes statements concerning our expectations, beliefs, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are not historical facts. These statements are “forward-
Slide 3: Q1 2026 Financial Results
Q1 2026 FINANCIAL RESULTS ► Home Closings: 916, (8.0%) ► Home Sales Revenue: $319.7 Million, (9.0%) ► Average Sales Price: $362,924, +2.9% ► Ending Active Communities: 142, (2.7%) ► Average Active Communities: 140.7, (5.0%) ► Gross Margin: 18.7%, (230) basis points ► Gross Margin Excluding Inventory
Slide 4: Historical Operating Results
HISTORICAL OPERATING RESULTS Home Closings (Units) Revenue ($ millions) 10,442 $3,050 9,339 7,690 $2,368 $2,304 $2,359 $2,203 6,512 6,621 6,729 6,131 5,845 $1,838 $1,706$1,674 4,788 4,708 (1) $1,504 4,163 $1,258 3,404 2,356 $838 $630 $383 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 L
Slide 5: Historical Margins & Profitability
HISTORICAL MARGINS & PROFITABILITY Gross Margin Percentage (1) (2) Adjusted Gross Margin Percentage (2) (3) 26.8% 26.5% 26.4% 26.8% 28.1% 25.5% 25.3% 25.5% 29.2% 23.7% 23.0% 24.2% 28.2% 27.8% 27.8% 26.9% 27.0% 25.8% 27.4% 28.2% 26.3% 20.7% 20.3% 24.7% 24.0% 24.0% 2014 2015 2016 2017 2018 2019 2020 2
Slide 6: Balance Sheet
BALANCE SHEET December 31, December 31, December 31, December 31, December 31, March 31, ($ in thousands) 2021 2022 2023 2024 2025 2026 ASSETS Cash and Cash Equivalents $ 50,514 $ 31,998 $ 48,978 $ 53,197 $ 61,247 $ 60,860 Accounts Receivable 57,909 25,143 41,319 28,717 32,467 45,011 Real Estate Inv
Slide 7: Focus on the Future
FOCUS ON THE FUTURE INVENTORY MANAGEMENT (1) (1) (2) (1) (3) Total Lot Inventory (Units) Owned Lot Inventory (Units) Owned Real Estate Inventory ($ Value) Owned 86.7% 4.4% 2.6% 13.3% 9.1% 17.8% 26.2% 59,028 51,193 $3.5 Billion 28.8% Total Lots 57.9% Owned Lots 66.7% 73.1% Raw or Under Development Ow
Slide 8: Appendix
APPENDIX
Slide 9: Historical First Quarter Operating Results
HISTORICAL FIRST QUARTER OPERATING RESULTS QUARTERS ENDED MARCH 31ST Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025 Q1 2026 Home Closings 485 671 844 761 1,244 1,228 1,835 2,561 1,599 1,366 1,083 996 881 Average Active Communities 27.3 42.7 55.0 66.3
Slide 10: Historical Annual Operating Results
HISTORICAL ANNUAL OPERATING RESULTS FISCAL YEARS ENDED DECEMBER 31ST & LAST TWELVE MONTHS ENDED MARCH 31, 2026 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 LTM (1) Home Closings 2,356 3,404 4,163 5,845 6,512 7,690 9,339 10,442 6,621 6,729 6,028 4,68
Slide 11: Gross Margin Reconciliation
GROSS MARGIN RECONCILIATION QUARTERS ENDED MARCH 31ST ($ in thousands) Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025 Q1 2026 Home Sales Revenues $75,919 $120,690 $162,463 $162,911 $279,024 $287,594 $454,727 $705,953 $546,050 $487,357 $390,851 $351,42
Slide 12: Gross Margin Reconciliation
GROSS MARGIN RECONCILIATION FISCAL YEARS ENDED DECEMBER 31ST & LAST TWELVE MONTHS ENDED MARCH 31, 2026 ($ in thousands) FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 LTM (1) Home Sales Revenues $383,268 $630,236 $838,320 $1,257,960 $1,504,400 $1,838,
Slide 13: Reconciliation of Net Debt to Capital Ratio (Non-GAAP)
RECONCILIATION OF NET DEBT TO CAPITAL RATIO (NON-GAAP) AS OF DECEMBER 31, AND AS OF MARCH 31, 2026 December 31, December 31, December 31, December 31, December 31, December 31, March 31, 2020 2021 2022 2023 2024 2025 2026 Total Debt (Notes Payable) $ 538,398 $ 805,236 $ 1,117,001 $ 1,248,332 $ 1,480
Slide 14: Reconciliation of EBITDA to Adjusted EBITDA
RECONCILIATION OF EBITDA TO ADJUSTED EBITDA FIVE QUARTERS AND LAST TWELVE MONTHS ENDED MARCH 31ST ($ in thousands) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 LTM (1) Net income $ 3,994 $ 31,533 $ 19,704 $ 17,321 $ 2,160 $ 70,718 Income tax provision 1,730 10,507 6,997 6,700 2,159 26,363 Depreciation an
Slide 15: LGI Homes, Inc. Investor Relations
LGI Homes, Inc. Investor Relations 1450 Lake Robbins Drive, Suite 430 The Woodlands, TX 77380 (281) 210-2586 investorrelations@lgihomes.com