)
LGI Homes (LGIH) investor relations material
LGI Homes Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered 4,788 homes in 2025, generating $1.7 billion in revenue, with a focus on affordability, entry-level buyers, and efficient construction processes.
Achieved the milestone of closing the 80,000th home in December, reflecting scale and longevity.
Maintained operations in 36 markets across 21 states, controlling 60,842 lots at year-end.
Continued expansion through organic growth and selective M&A, aiming to double business size and become a top 5 builder.
Maintained focus on affordability, inventory management, and customer support amid market volatility.
Financial highlights
Q4 2025 revenue was $474 million, up 19.5% sequentially but down 15% year-over-year; full-year revenue was $1.7 billion, down 22.6% year-over-year.
Q4 gross margin was 17.7% (adjusted 22.3%); full-year gross margin was 20.7% (adjusted 24.0%).
Q4 net income was $17.3 million ($0.75/share); full-year net income was $72.6 million ($3.13/share), down 63% year-over-year.
SG&A expenses for Q4 were $65.6 million (13.8% of revenue); full-year SG&A as a percentage of revenue rose to 16.1%.
Year-end liquidity was $335 million, with $61 million cash and $274 million revolver availability.
Outlook and guidance
2026 guidance: 4,600–5,400 home closings, 150–160 active communities, average sales price $355,000–$365,000.
Gross margin expected at 18–20%, adjusted gross margin 21–23%; SG&A projected at 15–16% of revenue.
Effective tax rate expected to be approximately 26.5%.
Wholesale closings projected at 10–15% of total for 2026.
Plans to double business size by deepening market positions, maintaining wholesale operations, and targeted acquisitions.
Next LGI Homes earnings date
Next LGI Homes earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)