)

LGI Homes (LGIH) investor relations material
LGI Homes Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Delivered 1,323 homes in Q2 2025, with revenue of $483.5M and average sales price of $365,446, despite a 20.1% decline in closings and 19.8% drop in revenue year-over-year.
Net income for Q2 2025 was $31.5M, down 46.2% year-over-year, with EPS of $1.36.
Maintained profitability through incentives, price increases in strong markets, and operational efficiencies, focusing on lead conversion and customer experience.
Ended Q2 with 146 active communities, a 14% increase year-over-year, but average monthly absorption rate dropped to 3.0 from 4.3.
Challenging environment driven by high mortgage rates and affordability constraints, leading to increased buyer incentives and muted demand.
Financial highlights
Q2 2025 revenue was $483.5M, gross margin 22.9% (down from 25.0% year-over-year), and adjusted gross margin 25.5%.
Pretax net income was $42.0M, net income margin 6.5% (down from 9.7% last year), and EBITDA margin 11.4%.
SG&A expenses were $71M (14.7% of revenue), with selling at 8.6% and G&A at 6.1%.
Backlog at quarter-end: 808 homes valued at $322.5M, down 42% year-over-year; cancellation rate rose to 24.2–32.7%.
Inventory of owned and controlled lots at 64,756, down from 70,899 at year-end 2024.
Outlook and guidance
Withdrew full-year 2025 guidance due to market uncertainty; Q3 guidance: 1,100–1,300 closings, ASP $360,000–$365,000, gross margin 21.5–22.5%, adjusted gross margin 24–25%, SG&A 15–16% of revenue, tax rate 24.5%.
Community count expected to remain at ~145 for Q3, with growth into 2026.
Guidance assumes stable economic and regulatory conditions.
Next LGI Homes earnings date

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.
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