United Homes Group, Inc.
Business
United Homes Group designs, builds and sells single-family homes in South Carolina, North Carolina and Georgia, targeting entry-level through third move-up homebuyers. The company operates detached single-family homes and attached homes including townhouses and duplexes. UHG is organized into three reportable segments: GSH South Carolina, Rosewood, and Other. The company employs a land-light operating model, controlling lots through option contracts rather than ownership.
Summary from 10-K filed 2026-03-13
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 |
|---|---|---|---|---|---|---|
| Revenue, net of sales discounts | 407 | 464 | 421 | 477 | — | |
| Cost of sales | 335 | 384 | 342 | 358 | — | |
| Gross profit | 72 | 80 | 80 | 119 | — | |
| Selling, general and administrative expense | 72 | 75 | 65 | 50 | — | |
| Net (loss) income from operations | −29,000 | 5 | 15 | 69 | −1 | |
| Other expense, net | −9 | −12 | −4 | 230,692 | — | |
| Equity in net earnings from investment in joint venture | 1 | 2 | 1 | 137,086 | — | |
| Goodwill impairment | −1 | 0 | — | — | — | |
| Loss on extinguishment of Convertible Notes | 0 | −46 | 0 | — | — | |
| Change in fair value of derivative liabilities | 10 | 89 | 116 | 0 | — | |
| Income before taxes | 495,000 | 37 | 128 | 69 | 3 | |
| Income tax expense (benefit) | 17 | −10 | 3 | 0 | — | |
| Net (loss) income | −16 | 47 | 125 | 69 | 3 | |
| Basic (in dollars per share) | −0.28 | 0.96 | 2.74 | 1.86 | — | |
| Diluted (in dollars per share) | −0.28 | 0.9 | 2.35 | 1.81 | 0.07 | |
| Basic (in shares) | 59 | 49 | 46 | 37 | — | |
| Diluted (in shares) | 59 | 63 | 56 | 38 | — |
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 | 24 | 23 | 57 | 12 | 253,000 | |
| Restricted cash | 1 | 3 | 0 | — | — | |
| Accounts receivable, net | 7 | 4 | 2 | 2 | — | |
| Inventories | 180 | 139 | 183 | — | — | |
| Real estate inventory not owned | 562,000 | 8 | 0 | — | — | |
| Due from related party, net | 84,000 | 191,000 | 88,000 | 1 | — | |
| Related party note receivable, net | 402,000 | 532,000 | 610,189 | 0 | — | |
| Income tax receivable | 3 | 2 | 0 | — | — | |
| Lot deposits | 41 | 48 | 33 | 4 | — | |
| Investment in joint venture | 182,000 | 691,000 | 1 | 186,086 | — | |
| Property and equipment, net | 2 | 759,000 | 1 | 1 | — | |
| Operating right-of-use assets | 2 | 3 | 5 | 1 | — | |
| Deferred tax asset, net | 0 | 15 | 2 | 0 | — | |
| Prepaid expenses and other assets | 7 | 8 | 8 | 6 | — | |
| Goodwill | 8 | 9 | 6 | 0 | — | |
| Total assets | 277 | 265 | 299 | 208 | 346 | |
| Accounts payable | 23 | 18 | 39 | 22 | — | |
| Syndicated line of credit | 78 | 50 | 80 | 121 | — | |
| Liabilities from real estate inventory not owned | 409,000 | 7 | 0 | — | — | |
| Other accrued expenses and liabilities | 19 | 15 | 8 | 5 | — | |
| Operating lease liabilities | 2 | 3 | 6 | 1 | — | |
| Derivative liabilities | 29 | 39 | 128 | 0 | — | |
| Term loan, net | 67 | 67 | — | — | — | |
| Total liabilities | 219 | 199 | 330 | 149 | 21 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Preferred Stock, $0.0001 par value; 40,000,000 shares authorized; none issued or outstanding | 0 | 0 | 0 | 0 | — | |
| Additional paid-in capital | 61 | 54 | 3 | 1 | — | |
| (Accumulated deficit) retained earnings | −3 | 13 | −34 | 58 | −21 | |
| Total stockholders' equity | 57 | 67 | −31 | 59 | 67 | |
| Total liabilities and stockholders' equity | 277 | 265 | 299 | 208 | 346 |
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 |
|---|---|---|---|---|---|---|
| Credit loss | 275,000 | 49,000 | 192,248 | 0 | — | |
| Depreciation expense | 592,000 | 194,000 | 199,413 | 355,566 | — | |
| Loss on disposal of property and equipment | 17,000 | 62,000 | 329,533 | 6,966 | — | |
| Loss on extinguishment of debt | 0 | 104,000 | 0 | — | — | |
| Gain on lease modification | 0 | −197,000 | 0 | — | — | |
| Amortization of intangible assets | 407,000 | 391,000 | 36,690 | — | — | |
| Amortization of deferred financing costs | 2 | 1 | 981,675 | 404,146 | — | |
| Amortization of operating lease right-of-use assets | 1 | 1 | 1 | 525,434 | — | |
| Stock-based compensation expense | 7 | 6 | 7 | 1 | — | |
| Provision for deferred income taxes | 15 | −13 | — | — | — | |
| Change in fair value of warrant liabilities | −7 | −960,000 | 11 | 0 | — | |
| Change in fair value of contingent consideration | −197,000 | −663,000 | 181,000 | 0 | — | |
| Distribution from joint venture | 1 | 2 | — | — | — | |
| Accounts receivable | −3 | −3 | 153,819 | 109,684 | — | |
| Due from related party | −85,000 | −100,000 | 1 | −1 | — | |
| Inventories | −33 | 46 | 22 | −27 | — | |
| Lot deposits | 8 | −12 | −25 | −858,435 | — | |
| Prepaid expenses and other assets | −324,000 | 18,000 | −143,791 | −2 | — | |
| Accounts payable | 5 | −21 | 12 | −7 | — | |
| Operating lease liabilities | −1 | −1 | −943,153 | −525,434 | — | |
| Income tax receivable | −542,000 | −3 | 426,933 | 0 | — | |
| Due to related parties | −114,000 | 0 | — | — | — | |
| Other accrued expenses and liabilities | 5 | 7 | 2 | 1 | — | |
| Net cash flows (used in) provided by operating activities | −20 | 15 | 28 | 35 | −1 | |
| Purchases of property and equipment | −2 | −31,000 | −162,328 | −171,685 | — | |
| Proceeds from the sale of property and equipment | 77,000 | 110,000 | 66,100 | 13,808 | — | |
| Proceeds from related party note receivable | 85,000 | 78,000 | 0 | — | — | |
| Proceeds from related party note receivable | 0 | −13 | −24 | 0 | — | |
| Net cash flows used in investing activities | −2 | −13 | −24 | −206,877 | −345 | |
| Proceeds from syndicated line of credit | 101 | 73 | 73 | 179 | — | |
| Repayments of syndicated line of credit | −73 | −104 | −105 | −171 | — | |
| Repayments of liabilities from real estate inventory not owned | −6 | −11 | 0 | — | — | |
| Payment of deferred financing costs | −168,000 | −3 | −3 | 0 | — | |
| Taxes related to net share settlement of equity awards | −46,000 | −51,000 | — | — | — | |
| Proceeds from exercise of employee stock options | 129,000 | 74,000 | 5,765 | 0 | — | |
| Proceeds from sale of real estate inventory not owned | 0 | 18 | 0 | — | — | |
| Repayments on private investor loans | 0 | −4 | −105,000 | 0 | −130,000 | |
| Repayment of the Convertible Notes payable | 0 | −71 | 0 | — | — | |
| Proceeds from the term loan | 0 | 68 | 0 | — | — | |
| Net cash flows provided by (used in) financing activities | 22 | −34 | 41 | −74 | 347 | |
| Net change in cash, cash equivalents, and restricted cash | 170,000 | −31 | 44 | −39 | 236,491 | |
| Cash paid for interest | 15 | 21 | 16 | 5 | — | |
| Cash paid for income taxes | 2 | 6 | 5 | 0 | — | |
| Derecognition of derivative liability | 115,000 | 8,000 | — | — | — | |
| Modification of existing lease | 77,000 | 2 | −40,968 | 0 | — | |
| Termination of existing lease | 67,000 | 101,000 | 0 | — | — | |
| Recognition of derivative liability | 4,000 | 211,000 | 1 | 0 | — | |
| Additions of right-of-use lease assets and liabilities | 0 | 565,000 | 5 | 2 | — | |
| Issuance of common stock related to redemption of Convertible Notes | 0 | 45 | 0 | — | — | |
| Noncash exercise of employee stock options | 0 | 3,000 | 128,214 | 0 | — | |
| Total non-cash activities | 263,000 | 48 | 327 | 17 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is United Homes Group, Inc.'s CIK number?
United Homes Group, Inc.'s SEC CIK number is 0001830188 (1830188). 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 United Homes Group, Inc.'s SEC filings?
All of United Homes Group, 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 United Homes Group, Inc. last report earnings?
United Homes Group, Inc. (UHG) most recently filed an earnings 8-K with the SEC on Mar 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001830188-26-000006). This is United Homes Group, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is United Homes Group, Inc.'s most recent earnings 8-K?
United Homes Group, Inc.'s latest earnings 8-K (Item 2.02) was filed Mar 12, 2026 under accession 0001830188-26-000006. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View United Homes Group, Inc.'s latest earnings 8-K →
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