Filing Flows › Legacy Housing (LEGH) › Q2 2025
Legacy Housing (LEGH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Legacy Housing (LEGH) reported revenue of $50.2M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +41% from the quarter before. Operating margin was 33.5%, net earnings $14.7M (29.3% of revenue).
Legacy Housing, Q2 2025: revenue $50.2M (+18% year over year), operating margin 33.5%, net earnings $14.7M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $50.2M | +41% | +18% |
| Operating profit | $16.8M | +45% | +5% |
| Net earnings | $14.7M | +43% | -9% |
| Operating cash flow | $6.1M | +24% | +75% |
| Free cash flow | $3.7M | +1% | +114% |
What changed
Revenue was $50.2M in Q2 2025, up 18% year over year and up 41% from the previous quarter. Inventory finance sales was the largest line at 28% of revenue. Inventory finance sales added $4.9M year over year (up 53%), 64% of the total change. Other product sales declined 30%.
Operating profit was $16.8M, a 33.5% margin (down 4.2 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 38% margin then. Total costs grew 26% against revenue growth of 18%. Net earnings were $14.7M, down 9% year over year. The effective tax rate was 17.3%.
Operating cash flow was $6.1M (up 75% year over year), 41% of net earnings. Non-cash charges added back $435K of depreciation and amortization and $173K of share-based compensation. Working capital and other items used $9.2M. Capital expenditures of $2.4M left free cash flow of $3.7M.
Questions
What was Legacy Housing's revenue in the second quarter 2025?
Legacy Housing (LEGH) reported revenue of $50.2M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +41% from the quarter before.
Was Legacy Housing profitable in the second quarter 2025?
Operating profit was $16.8M (33.5% of revenue) and net earnings $14.7M.
Source: Legacy Housing 10-Q on SEC EDGAR.