LGI Homes, Inc.
Business
LGI Homes, Inc. is an operative homebuilder engaged in the design, construction, and sale of new residential homes across 21 states through 144 communities. The company offers multiple product lines including entry-level attached and detached homes under the LGI Homes brand and luxury homes under the Terrata Homes brand, complemented by active adult offerings. LGI Homes operates through six reportable segments (West, Northwest, Central, Florida, Southeast, Mid-Atlantic) and also engages in a wholesale business selling bulk single-family rental homes to institutional investors, land development, and real estate joint ventures providing mortgage and insurance services to homebuyers.
Summary from 10-K filed 2026-02-20
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 |
|---|---|---|---|---|---|---|
| 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
| 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 | 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
| 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 |
|---|---|---|---|---|---|---|
| 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is LGI Homes, Inc.'s CIK number?
LGI Homes, Inc.'s SEC CIK number is 0001580670 (1580670). 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 LGI Homes, Inc.'s SEC filings?
All of LGI Homes, Inc.'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 LGI Homes, Inc. last report earnings?
LGI Homes, Inc. (LGIH) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001580670-26-000044). This is LGI Homes, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is LGI Homes, Inc.'s most recent earnings 8-K?
LGI Homes, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001580670-26-000044. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View LGI Homes, Inc.'s latest earnings 8-K →
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