---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-060940"
form_type: "8-K"
ticker: "UHG"
cik: "0001830188"
company_name: "United Homes Group, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:31:18.304242+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# United Homes Q1 net loss $204.5M from $207.1M non-cash earn-out charge; adj EBITDA $8.5M

## Summary
- Net loss $204.5M ($5.44/sh) includes $207.1M unrealized loss on earn-out; vs net income $17M in Q1 2022.
- Homebuilding revenue $94.8M, down from $108.4M; 328 closed homes vs 414; ASP $314k vs $272k (+15.5%).
- Adjusted EBITDA $8.5M vs $19.4M in Q1 2022; homebuilding adj gross margin 20.2% vs 26.0%.
- Backlog 320 homes valued $103.3M; net new orders 389 in Q1, 128 in April; 52 active communities.
- Total liquidity $151.7M ($110.9M cash + $40.8M undrawn credit); shares outstanding 47.6M.

## SEC filing metadata
- accession: 0001104659-23-060940
- form_type: 8-K
- ticker: UHG
- cik: 0001830188
- company_name: United Homes Group, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830188/000110465923060940/0001104659-23-060940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830188/000110465923060940/tm2315769d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-060940
- JSON: https://secwatch.observer/filing/0001104659-23-060940.json
- Plain text: https://secwatch.observer/filing/0001104659-23-060940.txt

## Key facts
- Earnings Releases
  United Homes Group, Inc. reported first quarter ended March 31, 2023 results: revenue $94.8 million, net income Net loss attributable to common stockholders was $204.5 million, or $(5.44) per diluted share, EPS $(5.44) per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $94.8 million
  - Net income: Net loss attributable to common stockholders was $204.5 million, or $(5.44) per diluted share
  - EPS: $(5.44) per diluted share
  - Result: reported results
  source text: homebuilder with a “land-light” operating model ● Average sales price (ASP) of production-built homes increased to $314k from $272k in Q1 2022 ● 328 closed homes resulted in $94.8 million of revenues ● Backlog value was $103.3 million as of March 31, 2023 ● 389 net new home orders during the first quarter 2023, 128 net new home orders during April 2023 ● Active
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830188/000110465923060940/0001104659-23-060940-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.