LGI Homes, Inc. announced financial results for the second quarter ended June 30, 2025, reporting 1,323 homes delivered at an average sales price of $365,446, resulting in $483.5 million in revenue. This represents a 19.8% year-over-year decline in revenue.
The company achieved profitability metrics at the high end of its prior guidance range, with a gross margin of 23.0% and an adjusted gross margin of 25.5%. Net income was $31.5 million, and diluted earnings per share were $1.36.
LGI Homes ended the quarter with 145 active selling communities and 1,040 homes in backlog valued at $406.2 million. The company's financial results demonstrate its success in maintaining profitability through a balance of financing incentives, selective price increases, and cost controls.
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