United Homes Q2 revenue drops 4%, reports net loss
Overview
United Homes Q2 2025 revenue falls 4% yr/yr, home closings down 10%
Company reports Q2 net loss of $6.3 mln, impacted by derivative liabilities
Gross margin improves to 18.9%, driven by cost-saving initiatives
Outlook
Company anticipates margin improvements from refreshed product initiatives
United Homes expects new community openings to boost second-half results
Company exploring strategic alternatives to maximize shareholder value
United Homes sees benefits from rebidding materials and labor costs
Result Drivers
COST EFFICIENCY - Improved gross margin driven by cost-saving initiatives and systematic rebidding of materials and labor, per CEO Jack Micenko
PRODUCT INITIATIVE - Benefits from refreshed product initiative contributed to margin expansion
REDESIGNED FLOOR PLANS - Higher gross margins attributed to closing homes with redesigned floor plans
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue, net of sales discounts | $105.50 mln | ||
Q2 EPS | -$0.11 | ||
Q2 Net Income | -$6.30 mln | ||
Q2 Adjusted EBITDA | $7.20 mln | ||
Q2 Homebuilding Gross Margin | 18.9% | ||
Q2 Homebuilding Adjusted Gross Margin | 21.3% |
Press Release:
