United Homes Group Q1 revenue down 14% YoY to $87M; closings fall 19%

United Homes Group, Inc.

2025-Q1 EPS reported $0.31 revenue$87,001,000

Home closings 252 (-19% YoY); net new orders 296 (-23%); revenue $87.0M (-14%).
Net income $18.2M ($0.31 diluted EPS) includes $21.2M non-cash derivative gain; YoY net income was $24.9M.
ASP of production-built homes rose 2.9% to ~$345k; gross profit margin 16.2% vs 16.0% YoY.
Available liquidity $86.9M ($25M cash + $61.9M credit facility); lot pipeline ~7,500 lots.

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