Tri Pointe Homes Q1 net income drops 89% to $6.8M; merger conditions partially met

Tri Pointe Homes, Inc.

2026-Q1 EPS reported $0.08 vs consensus $0.17 ▼ miss (-52.4%)

Net income available to common stockholders $6.8M ($0.08 diluted EPS) vs $64.0M ($0.70) in Q1 2025.
Home sales revenue $506.5M (down 30% YoY); deliveries 736 homes (down 29%); average price $688K.
Homebuilding gross margin 18.8% (vs 23.9%); adjusted gross margin 22.3%, hit by impairments and option abandonments.
Net new home orders 1,234 (flat YoY); backlog units 1,360 (down 21%), backlog value $989.9M.
Sumitomo Forestry merger update: stockholder approval and HSR waiting period satisfied; other conditions remain.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Tri Pointe Homes, Inc. reported first quarter ended March 31, 2026 results: revenue $506.5 million, net income $6.8 million, EPS $0.08 per diluted share.

Period: first quarter ended March 31, 2026
Revenue: $506.5 million
Net income: $6.8 million
EPS: $0.08 per diluted share
Result: reported results

Exact text from the filing

2025 • Net income available to common stockholders was $6.8 million, or $0.08 per diluted share, compared to $64.0 million, or $0.70 per diluted share • Home sales revenue of $506.5 million compared to $720.8 million ◦ New home deliveries of 736 homes compared to 1,040 homes ◦ Average sales price of homes delivered of $688,000 compared to $693,000 • Homebuilding

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Source: SEC EDGAR

accession 0001561680-26-000022

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