UHG
United Homes Group, Inc.1.3400
+0.0500+3.88%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
78.81MP/E (TTM)
-Basic EPS (TTM)
-0.33Dividend Yield
0%Recent Filings
8-K
8-K
Strategic review ends; directors resign
United Homes Group's special committee ended its strategic review on October 19, 2025, opting to pursue its plan as an independent public company amid tough macroeconomic conditions. Tensions peaked when four independent directors—Jason Enoch, James M. Pirrello, Alan Levine, and Robert Dozier Jr.—announced resignations effective by November 14, 2025, after Executive Chairman Michael Nieri rejected demands to step down and forgo compensation for cost savings. Nikki R. Haley and James P. Clements also plan to resign soon, citing personal commitments. Board shakeup signals governance strain.
8-K
Credit covenant amendments ease
United Homes Group amended its Wells Fargo credit agreement on September 29, 2025, easing financial covenants through January 1, 2026, by raising minimum tangible net worth to $76 million, lowering debt service coverage to 1.35:1 for Q3 and 1.50:1 for Q4, and boosting liquidity to $45 million with $17.5 million in unrestricted cash. A parallel amendment to its Kennedy Lewis facility clarified prepayment premiums—cutting them 50% on change of control—and allowed two DSCR dips to 1.20:1 through year-end. These tweaks buy breathing room amid housing pressures. Covenants revert post-period.
10-Q
Q2 FY2025 results
United Homes Group posted Q2 revenue of $105.5M, down 3.6% y/y from $109.4M amid softer demand and 10.1% fewer closings at 303 units, yet gross profit edged up 1.5% to $19.9M with margins expanding 1.0% to 18.9% thanks to redesigned floor plans and supplier rebids trimming costs. Operating income swung to a $1.9M profit from a $0.04M loss (derived), but a $6.2M hit from derivative fair-value changes drove a $6.3M net loss versus $28.6M income last year; YTD, net income stood at $11.8M on $192.5M revenue, down 8.4% y/y. Cash climbed to $36.5M with $58.7M revolver availability against $64.2M drawn at 7.61% and a $67.3M term loan at 11.59%, both covenant-compliant through August 2027 maturity. No M&A closed this quarter. Elevated mortgage rates keep testing affordability.
8-K
Q2 revenue dips, margins rise
United Homes Group reported Q2 2025 revenue of $105.5 million, down 4% from $109.4 million last year, with home closings dropping 10% to 303 yet average sale prices rising 2.5% to $349,000. Gross margins expanded to 18.9%, up 100 basis points, thanks to redesigned floor plans and cost savings from rebidding materials and labor. The board's ongoing strategic review, launched May 19, probes sales or refinancing to boost value. Margins improved sharply.
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