Legacy Housing Corp
Business
Legacy Housing Corporation manufactures, distributes, and finances manufactured homes and Tiny Houses for the affordable housing market. The company produces customizable homes at three U.S. facilities and sells through over 80 independent retailers, 14 company-owned stores, and direct sales to manufactured housing communities, primarily across 15 southern states. Legacy operates a vertically integrated model encompassing manufacturing, distribution, and three financing solutions: inventory financing for retailers, consumer financing for home buyers, and financing for community owners.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Product sales | 117 | 129 | 145 | 222 | 166 | |
| Consumer, MHP and dealer loans interest | 44 | 41 | 37 | 29 | 27 | |
| Other revenue | 4 | 14 | 7 | 6 | 4 | |
| Total net revenue | 165 | 184 | 189 | 257 | 198 | |
| Cost of product sales | 85 | 90 | 100 | 150 | 114 | |
| Cost of other sales | 2 | 8 | — | — | — | |
| Selling, general and administrative expenses | 30 | 22 | 24 | 28 | 23 | |
| Total operating expenses | 116 | 121 | 125 | 179 | — | |
| Income from operations | 48 | 64 | 65 | 78 | 59 | |
| Non-operating interest income | 1 | 3 | 3 | — | — | |
| Miscellaneous, net | 2 | 10 | 2 | 2 | 503,000 | |
| Interest expense | −28,000 | −689,000 | −930,000 | — | — | |
| Total other income | 3 | 12 | 4 | 4 | 2 | |
| Income before income tax expense | 52 | 76 | 69 | 82 | 61 | |
| Income tax expense | −10 | −14 | −14 | −14 | −11 | |
| Net income | 42 | 62 | 54 | 68 | 50 | |
| Basic (in shares) | 24 | 24 | 24 | 24 | 24 | |
| Diluted (in shares) | 24 | 25 | 25 | 25 | 24 | |
| Basic (in dollars per share) | 1.74 | 2.55 | 2.23 | 2.78 | 2.06 | |
| Diluted (in dollars per share) | 1.74 | 2.48 | 2.17 | 2.74 | 2.05 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 8 | 1 | 748,000 | 3 | 1 | |
| Income tax refund receivable | 6 | — | — | — | — | |
| Accounts receivable, net | 6 | 4 | 5 | 5 | 5 | |
| Dealer financed receivables, net | 27 | 33 | 33 | 29 | 3 | |
| Consumer loans receivable | 9 | 9 | 8 | 7 | 6 | |
| "Notes receivable from mobile home parks (""MHP"")" | 60 | 24 | 18 | 10 | 10 | |
| Other notes receivable | 5 | 12 | 6 | 9 | 20 | |
| Inventories | 40 | 38 | 41 | 32 | 42 | |
| Prepaid expenses and other current assets | 5 | 5 | 5 | 4 | 4 | |
| Total current assets | 165 | 124 | 116 | 107 | 93 | |
| Consumer loans receivable, net | 189 | 165 | 149 | 132 | 120 | |
| "Notes receivable from mobile home parks (""MHP""), net" | 137 | 183 | 164 | 133 | 93 | |
| Other notes receivable, net | 1 | 3 | 29 | 14 | 21 | |
| Other assets - leased mobile homes | 4 | 5 | 8 | 9 | 9 | |
| ROU assets - operating leases | 1 | 1 | 2 | 3 | — | |
| Other assets | 14 | 5 | 3 | 1 | 1 | |
| Property, plant and equipment, net | 60 | 48 | 38 | 30 | 28 | |
| Deferred income taxes, net | 998,000 | — | — | — | — | |
| Intangible Assets | 5 | — | — | — | — | |
| Goodwill | 2 | — | — | — | — | |
| Total assets | 580 | 534 | 507 | 437 | 367 | |
| Accounts payable | 6 | 5 | 4 | 5 | 4 | |
| Accrued liabilities | 25 | 14 | 19 | 17 | 21 | |
| Customer deposits | 2 | 2 | 4 | 10 | 8 | |
| Escrow liability | 13 | 12 | 10 | 10 | 9 | |
| Operating lease obligation | 479,000 | 476,000 | 489,000 | 650,000 | — | |
| Total current liabilities | 47 | 33 | 37 | 41 | 42 | |
| Operating lease obligation, less current portion | 860,000 | 920,000 | 1 | 2 | — | |
| Lines of credit | 1 | — | 24 | 3 | 8 | |
| Deferred income taxes, net | — | 2 | 2 | 3 | 3 | |
| Dealer incentive liability | 3 | 4 | 5 | 6 | 4 | |
| Total liabilities | 52 | 40 | 70 | 55 | 57 | |
| Commitments and contingencies (Note 16) | — | — | — | — | — | |
| Preferred stock, $.001 par value, 10,000,000 shares authorized: no shares issued or outstanding | — | — | — | — | — | |
| Common stock, $.001 par value, 90,000,000 shares authorized; 24,866,342 and 24,865,906 issued and 23,812,341 and 24,158,311 outstanding at December 31, 2025 and 2024, respectively | 32,000 | 31,000 | 30,000 | 30,000 | 25,000 | |
| Treasury stock at cost 1,054,001 and 707,595 shares at December 31, 2025 and 2024, respectively | −17 | −10 | −4 | −4 | — | |
| Additional paid-in-capital | 183 | 182 | 181 | 181 | 176 | |
| Retained earnings | 363 | 321 | 260 | 206 | 138 | |
| Total stockholders' equity | 529 | 494 | 437 | 382 | 309 | |
| Total liabilities and stockholders' equity | 580 | 534 | 507 | 437 | 367 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 42 | 62 | 54 | 68 | 50 | |
| Depreciation and amortization expense | 2 | 2 | 2 | 2 | 2 | |
| Amortization of deferred revenue | −1 | −2 | −1 | −1 | 814,000 | |
| Amortization of lines of credit cost | 68,000 | 68,000 | 70,000 | 74,000 | — | |
| Provision for accounts and notes receivable | 5 | −240,000 | 1 | −109,000 | 971,000 | |
| Provision for long term inventory | 53,000 | 249,000 | 49,000 | −83,000 | −188,000 | |
| Gain from sale of assets | — | −2 | — | — | — | |
| Gain from loan settlements | 413,000 | −6 | — | — | — | |
| Non-cash operating lease expense | −33,000 | −44,000 | −50,000 | 62,000 | — | |
| Deferred income taxes | −3 | −132,000 | — | — | — | |
| Share based payment expense | 458,000 | 777,000 | 769,000 | 5 | 230,000 | |
| Accounts receivable | −8 | 744,000 | −155,000 | 309,000 | −5 | |
| Consumer loans activity, net | −17 | −17 | −17 | −13 | −16 | |
| Notes receivable MHP activity, net | 10 | −1 | −39 | −39 | 33 | |
| Dealer inventory loan activity, net | 4 | 200,000 | −3 | −27 | — | |
| Inventory | −1 | 3 | −2 | 6 | −8 | |
| Prepaid expenses and other current assets | −743,000 | −1 | −1 | 485,000 | −1 | |
| Other assets - leased mobile homes | 278,000 | 3 | — | — | — | |
| Other assets | −8 | −155,000 | −1 | −1 | −2 | |
| Accounts payable and accrued liabilities | 11 | −3 | −5,000 | −3 | −1 | |
| Right of use asset, net | −16,000 | 27,000 | 33,000 | 46,000 | — | |
| Customer deposits | −117,000 | −2 | −6 | 2 | 5 | |
| Escrow liability | 1 | 2 | 451,000 | 303,000 | 2 | |
| Dealer incentive liability | −1 | −890,000 | −256,000 | 1 | 94,000 | |
| Net cash provided by operating activities | 37 | 36 | −14 | −2 | 60 | |
| Purchases of property, plant and equipment | −9 | −9 | −8 | −4 | −6 | |
| Purchase of AmeriCasa | −19 | — | — | — | — | |
| Proceeds from sale of property | — | 2 | — | — | — | |
| Issuance of notes receivable | −2 | −6 | −15 | −4 | −37 | |
| Notes receivable collections | 7 | 6 | 3 | 23 | 9 | |
| Purchases of loans | −113,000 | −217,000 | — | — | — | |
| Collections from purchased loans | 374,000 | 234,000 | 377,000 | 482,000 | 2 | |
| Net cash used in investing activities | −22 | −7 | −10 | 9 | −32 | |
| Proceeds from exercise of stock options | — | 200,000 | 100,000 | — | 100,000 | |
| Purchases of treasury stock | −8 | −5 | — | — | — | |
| Proceeds from lines of credit | 3 | 46 | 111 | 101 | 96 | |
| Payments on lines of credit | −3 | −70 | −90 | −106 | −124 | |
| Net cash used in financing activities | −8 | −29 | 21 | −6 | −28 | |
| Net increase in cash | 7 | 401,000 | −2 | 2 | 274,000 | |
| Cash paid for interest | 2,000 | 1 | 478,000 | 251,000 | 873,000 | |
| Cash paid for taxes | 6 | 15 | 19 | 10 | 8 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Legacy Housing Corp's CIK number?
Legacy Housing Corp's SEC CIK number is 0001436208 (1436208). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Legacy Housing Corp's SEC filings?
All of Legacy Housing Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Legacy Housing Corp last report earnings?
Legacy Housing Corp (LEGH) most recently filed an earnings 8-K with the SEC on May 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-057434). This is Legacy Housing Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Legacy Housing Corp's most recent earnings 8-K?
Legacy Housing Corp's latest earnings 8-K (Item 2.02) was filed May 8, 2026 under accession 0001104659-26-057434. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Legacy Housing Corp's latest earnings 8-K →
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