UHG United Homes Group, Inc.

Overview and Growth

Fiscal 2025 results for United Homes Group, Inc. combined $406.69M of revenue with net loss of $16.25M and an operating cash outflow of $19.58M. The $406.69M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 12.3% below fiscal 2024 revenue of $463.71M, marking a top-line contraction. The company reported diluted EPS of -$0.28, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 131.1% decrease from fiscal 2024 diluted EPS of $0.90. At period end, total assets were $276.63M, framing the scale of the company’s operating and financing commitments. Revenue equaled 1.47x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $71.74M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 17.6% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $29.00K after the reported operating expense base. An operating margin of -0.0% reflected costs exceeding revenue-level gross profit by 0.0% of sales. After all below-operating-line items, the company recorded a net loss of $16.25M for the fiscal year. Net margin was -4.0%, reflecting a loss equal to 4.0% of reported revenue. The earnings statement records $495.00K of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 0.1%, relating income before taxes directly to revenue. The company recognized $16.75M of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 28.3% of period-end equity, showing the deficit relative to book capital. The net loss equaled 5.9% of period-end assets, showing the deficit relative to the asset base. A $16.25M net loss replaced fiscal 2024 net income of $46.91M.

Liquidity and Capital Structure

At period end, the $276.63M asset base was financed through $219.26M of liabilities and $57.37M of equity. Cash and equivalents totaled $24.42M, identifying the most liquid reported component available within the broader current-asset balance. Total debt was $145.65M, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 2.54x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 52.6%, showing how much of the asset base was matched by borrowing. Equity equaled 20.7% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 79.3%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 8.8% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $265.38M in fiscal 2024, the current asset base moved 4.2% and finished higher. Against $66.87M of equity in fiscal 2024, the current book-equity balance moved 14.2% and ended lower. Compared with $22.63M in fiscal 2024, the current cash balance moved 7.9% and finished higher.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $19.58M, rather than cash generation from operations. Capital expenditures used $2.05M in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. Operating cash flow and capital spending combined to leave a $21.63M cash deficit after capital spending. Free-cash-flow margin was -5.3%, reflecting a cash deficit equal to 5.3% of revenue after capital spending. The free-cash-flow deficit equaled 7.8% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.