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United Homes Group (UHG) investor relations material
United Homes Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenue was $90.8M, down 23.5% year-over-year, with a net loss of $31.3M, largely due to a $27.2M non-cash loss from derivative liabilities and lower home closings.
For the nine months ended September 30, 2025, revenue was $283.3M, down 13.9% year-over-year, with a net loss of $19.5M, including a $12.2M loss from derivative liabilities.
The board completed a strategic review, opting to remain independent, with several director resignations and ongoing efforts to maintain Nasdaq compliance.
Management highlighted resilience amid uneven demand, with September marking the best order month year-to-date and improved buyer traffic.
Gross margin for Q3 2025 was 17.7%, down 1.2 percentage points year-over-year, impacted by increased discounting and incentives.
Financial highlights
Q3 2025 home closings fell 29% year-over-year to 262 units, while average sales price rose 8.1% to $346,000.
Q3 net new orders were 324 homes, slightly down from 341 year-over-year; backlog at quarter-end was 264 homes valued at $94.3M, up 20% in units and 18% in value year-over-year.
Adjusted gross margin for Q3 was 19.6%, down from 20.6% year-over-year; adjusted EBITDA for Q3 was $3.8M (4.2% margin), down from $9.0M (7.6% margin) in Q3 2024.
Available liquidity as of September 30, 2025, was $83.1M, including $25.6M cash and $57.5M unused credit.
Total liabilities rose to $240.2M from $198.5M at year-end 2024.
Outlook and guidance
Management remains cautious about near-term market challenges but optimistic about long-term housing demand and growth from new community openings.
Focus remains on operational improvements, cost reductions, and expanding the mortgage joint venture to support future growth.
Sequential improvement in demand observed as the quarter progressed.
Board resignations: NASDAQ compliance plan
Quantify rebid initiative's Q3 cost savings
Strategy for 7,700 controlled lots
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Next United Homes Group earnings date
Q4 202513 Mar, 2026
Next United Homes Group earnings date
Q4 202513 Mar, 2026
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Frequently asked questions
United Homes Group Inc. is a land development and homebuilding company that designs, builds, and sells homes in the southeastern United States, particularly in South Carolina, North Carolina, and Georgia. The company specializes in providing residential buildings ranging from entry-level attached and detached homes to first-time move-up attached and detached homes, as well as second move-up detached homes. The company is headquartered in Chapin, South Carolina, and its shares are listed on the Nasdaq.
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