Logotype for LGI Homes Inc

LGI Homes (LGIH) investor relations material

LGI Homes Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for LGI Homes Inc
Q3 2025 earnings summary4 Nov, 2025

Executive summary

  • Q3 2025 home closings totaled 1,107 units with revenue of $396.6 million and gross margin of 21.5%, meeting guidance despite a 39.2% year-over-year revenue decline.

  • Net orders increased 8–8.1% year-over-year and 43.9–44% sequentially, with backlog up 19.9–20% year-over-year and 61.5–62% sequentially.

  • Net income for Q3 was $19.7 million, or $0.85 per share, down 71.7% year-over-year.

  • The company focused on affordability, disciplined pricing, and selective incentives to support entry-level buyers amid a challenging macroeconomic environment.

  • Positioned for a strong year-end finish, supported by favorable demographic trends and a persistent shortage of entry-level homes.

Financial highlights

  • Q3 2025 revenue was $396.6 million, with 1,065–1,107 closings and an average selling price of $372,424.

  • Gross margin was 21.5% (down from 25.1% prior year); adjusted gross margin was 24.5% (down from 27.2%).

  • EBITDA margin for Q3 was 9.8% (down from 16.2%); net income was $19.7 million.

  • SG&A expenses were $63.6 million (16% of revenue), with selling at 9% and G&A at 7.1%.

  • Book value per share at $90.10; total liquidity at $429.9 million (cash $62 million, revolver $367.9 million).

Outlook and guidance

  • Q4 2025 closings expected between 1,300–1,500 homes, a 26% increase at midpoint over Q3.

  • Q4 average sales price expected between $365,000–$375,000; gross margin 21–22%, adjusted gross margin 24–25%.

  • SG&A expected at 15–16% of revenue; tax rate at 26%.

  • Year-end 2025 community count expected at 145; 2026 community count to grow 10–15%.

  • Management believes liquidity and borrowing capacity are sufficient to fund operations and growth for at least the next twelve months.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next LGI Homes earnings date

Logotype for LGI Homes Inc
Q4 202524 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next LGI Homes earnings date

Logotype for LGI Homes Inc
Q4 202524 Feb, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, 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.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

LGI Homes, Inc. designs, constructs, and sells homes in the United States. Its entry-level homes include attached, townhome, duplex, and detached single-family residential projects containing total floor area ranges from 1,200 to 1,700 square feet under the LGI Homes brand name as well as active adult homes and vacant land opportunities containing total floor area ranging from 1,200 to 2,400 square feet under the LGI Homes brand name. The company's luxury series homes comprise single-family detached residential projects containing total floor area ranging from 3,500 to 5,600 square feet under the Terrata Homes brand name. It markets its homes through In-House Sales Team and wholesalers. LGI Homes is based in The Woodlands, Texas.

Quartr provides global coverage of all investor relation material from public companies.

  • 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.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage