United Homes Group, Inc. Reports Fourth Quarter and Full Year 2025 Results

About this update from United Homes Group, Inc

Fourth Quarter 2025 Highlights Home closings of 375, a decrease of 9% year over year compared to 414 home closings in Q4 2024, resulting in revenue, net of sales discounts, of $123.4 million, a decrease of 8% Net new orders of 303, a decrease of 14% year over year compared to 351 net new orders in Q4 2024 Gross margin of 17.5%, an increase of 130 basis points year over year compared to 16.2% in Q4 2024 Average sale price ("ASP")1 of production-built homes increased to approximately $329,000 compared to $324,000 in Q4 2024 Lot pipeline as of December 31, 2025 consisted of approximately 7,200 lots owned or controlled by the Company or related parties Available liquidity of $80.8 million as of December 31, 2025, comprised of $24.4 million of cash and $56.4 million of unused committed capacity under our credit facility In February 2026, entered into an Agreement and Plan of Merger with Stanley Martin Homes, LLC and Union MergeCo, Inc., expected to close in the second quarter of 2026 Fiscal Year Ended December 31, 2025 Highlights Home closings of 1,192, a decrease of 17% year over year compared to 1,431 home closings in 2024, resulting in revenue, net of sales discounts, of $406.7 million, a decrease of 12% Net new orders of 1,227, a decrease of 12% year over year compared to 1,399 net new orders in 2024 Gross margin of 17.6%, an increase of 40 basis points year over year compared to 17.2% in 2024 ASP of production-built homes increased to approximately $341,000 in 2025 compared to $329,000 in 2024 COLUMBIA, S.C.--(BUSINESS WIRE)-- United Homes Group, Inc. (the “Company”) (NASDAQ: UHG) today announced results for the fourth quarter and fiscal year ended December 31, 2025. Fourth Quarter 2025 Operating Results For the fourth quarter 2025, net income was $3.2 million, or $0.05 per diluted share, which included a gain from the change in fair value of derivative liabilities of $22.1 million, with that change primarily due to changes in fair value on the Company's warrants due to fluctuation in the warrant price during the measurement period, representing a non-cash expense item, partially offset by deferred tax expense of $20.4 million related to a valuation allowance against the Company's net deferred tax assets. Net income for the fourth quarter 2024 was $0.7 million, or $0.01 per diluted share, which included a change in fair value of derivative liabilities of ...

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