United Homes Group, Inc. Reports 2025 Third Quarter Results

About this update from United Homes Group, Inc

Third Quarter 2025 Highlights COLUMBIA, S.C., November 06, 2025--(BUSINESS WIRE)--United Homes Group, Inc. (the "Company") (NASDAQ: UHG) today announced results for the three and nine months ended September 30, 2025. Third Quarter 2025 Operating Results For the third quarter 2025, net loss was $31.3 million, or $0.53 per diluted share, which included a loss from the change in fair value of derivative liabilities of $27.2 million, with that change predominantly due to changes in fair value on potential earn-out consideration and warrants due to fluctuation in the stock price and warrant 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 record changes in fair value of derivative liabilities on the Condensed Consolidated Statements of Operations, in each case until UHG shares reach certain predetermined values or expiration of the five year earnout period. Net loss for the third quarter 2024 was $7.3 million, or $0.15 per diluted share, which included a loss from the change in fair value of derivative liabilities of $7.8 million. Total Stockholders' equity for the third quarter 2025 was $52.9 million. Adjusted book value2, which excludes the derivative liabilities and goodwill, was $94.8 million. "United Homes Group’s third quarter results reflect the affordability challenges and overall market conditions impacting the broader homebuilding industry," said Jack Micenko, Chief Executive Officer and President of United Homes Group. "While demand was softer earlier in the quarter due to delays in new community openings, we saw sequential improvement as the quarter progressed. As we recently announced, the special committee of our board, which was established to conduct a comprehensive review of strategic alternatives available to UHG, concluded its work. Following this announcement, the Company continues to focus on improving operations and executing on our key initiatives and strategies to improve profitability and better position the Company for future success." Revenue, net of sales discounts, for the third quarter 2025 was $90.8 million, compared to $118.6 million in th...

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