LGI Homes, Inc.

Listed Company

LGIHCIK 0001580670NasdaqLarge AcceleratedOperative BuildersDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.71B

Net Income

$72.55M

Total Assets

$3.93B

Equity

$2.10B

Shares Out

23.23M

Op. Cash Flow

$-139.97M

Business

LGI Homes, Inc. engages in the design, construction and sale of new single-family and attached homes. It offers multiple product lines including entry-level detached and attached homes, active adult communities, and luxury homes under the Terrata Homes brand, plus wholesale bulk sales and select single-family rental/leasing. Homebuilding operations are organized into seven operating segments: West, Northwest, Central, Midwest, Florida, Southeast and Mid‑Atlantic. The company sells homes across 21 states through digital and print marketing, onsite information centers with sales professionals, realtor channels and institutional bulk-sale agreements.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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
Home sales revenues	1,706	2,203	2,359	2,304	3,050
Cost of sales	1,352	1,669	1,816	1,658	2,232
Selling expenses	162	200	192	145	170
General and administrative	112	121	117	112	100
Cost of sales	80	212	233	390	548
General and administrative	−19	−47	−28	−28	−9
Operating income	98	259	262	418	543
Income Tax Expense (Benefit)	26	63	63	92	113
Net income before income taxes	73	196	199	327	430
Basic (in dollars per share)	3.13	8.33	8.48	13.9	17.46
Diluted (in dollars per share)	3.12	8.3	8.42	13.76	17.25
Basic (in shares)	23	24	24	23	25
Diluted (in shares)	23	24	24	24	25

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	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	61	53	49	32	—
Accounts receivable	32	29	41	25	58
Real estate inventory	3,521	3,388	3,108	2,898	2,086
Pre-acquisition costs and deposits	29	36	30	25	41
Property and equipment, net	107	57	46	33	17
Other assets	155	174	114	93	82
Deferred tax assets, net	10	9	8	6	6
Goodwill	12	12	—	—	—
Total assets	3,927	3,759	3,408	3,125	2,352
Accounts payable	16	33	32	25	14
Accrued expenses and other liabilities	158	207	272	340	137
Notes payable	1,657	1,481	—	—	—
Total liabilities	1,831	1,721	1,552	1,482	956
COMMITMENTS AND CONTINGENCIES	—	—	—	—	—
COMMITMENTS AND CONTINGENCIES	277,000	276,000	275,000	272,000	269,000
Additional paid-in capital	347	337	321	307	292
Retained earnings	2,158	2,086	1,890	1,690	1,364
Additional paid-in capital	−410	−386	−355	−355	−260
Total equity	2,096	2,037	1,856	1,642	1,396
Total liabilities and equity	3,927	3,759	3,408	3,125	2,352

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	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
Equity in income of unconsolidated entities	−2	−13	−13	−6	0
Distributions of earnings from unconsolidated entities	5	14	15	5	0
Depreciation and amortization	4	3	2	2	1
Gain on disposal of assets	−3	−14	−2	−2	−717,000
Compensation expense for equity awards	6	10	9	9	14
Inventory impairment	7	0	0	—	—
Deferred income taxes	−633,000	−1	−2	12,000	788,000
Accounts receivable	−4	13	−16	33	58
Real estate inventory	−257	−366	−256	−824	−464
Pre-acquisition costs and deposits	7	−6	−5	16	3
Other assets	60	4	23	9	−29
Accounts payable	−17	2	6	11	−760,000
Accrued expenses and other liabilities	−19	14	−18	58	−5
Net cash used in operating activities	−140	−144	−57	−370	22
Purchases of property and equipment	−924,000	−2	−1	—	—
Proceeds from sale of property and equipment	25	25	0	0	—
Investment in unconsolidated entities	−4	−8	−18	−5	−2
Return of capital from unconsolidated entities	9	0	6	235,000	0
Net cash provided by (used in) investing activities	28	16	−14	−6	−70
Proceeds from notes payable	669	992	887	619	1,240
Payments on notes payable	−493	−760	−746	−308	−969
Proceeds from financing arrangements	0	0	50	—	—
Payments on financing arrangements	30	68	95	−9	0
Loan issuance costs	−6	−6	−14	−4	−11
Proceeds from sale of stock, net of offering expenses	4	5	5	6	7
Stock repurchase	−24	−31	0	−95	−194
Net cash provided by financing activities	120	132	88	358	63
Net increase in cash and cash equivalents	8	4	17	−19	15

Filings

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