United Homes Group Q2 net loss $6.3M; revenue down 4%, closings down 10% YoY

United Homes Group, Inc.

2025-Q2 EPS reported $0.20 revenue$192,507,000

Net loss $6.3M ($0.11 diluted) vs net income $28.6M ($0.50) in Q2 2024.
Revenue $105.5M, -4% YoY; home closings 303 (-10%); net new orders 304 (-6%).
Gross margin 18.9% (+100 bps YoY); adjusted gross margin 21.3%.
ASP $349,000 (+2.5%); available liquidity $95.2M; lot pipeline ~7,300.
Management cites product refresh and cost rebidding initiatives for margin improvement.

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