Filing Flows › Legacy Housing (LEGH) › Q3 2025
Legacy Housing (LEGH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Legacy Housing (LEGH) reported revenue of $40.5M for the third quarter 2025 (Q3 2025), -9% from a year earlier and -19% from the quarter before. Operating margin was 24.0%, net earnings $8.6M (21.4% of revenue).
Legacy Housing, Q3 2025: revenue $40.5M (-9% year over year), operating margin 24.0%, net earnings $8.6M, operating cash flow $7.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $40.5M | -19% | -9% |
| Operating profit | $9.7M | -42% | -37% |
| Net earnings | $8.6M | -41% | -45% |
| Operating cash flow | $7.2M | +18% | -48% |
| Free cash flow | $5.1M | +39% | -44% |
What changed
Revenue was $40.5M in Q3 2025, down 9% year over year and down 19% from the previous quarter. Commercial sales was the largest line at 28% of revenue. Commercial sales lost $1.3M year over year (down 11%), 35% of the total change.
Operating profit was $9.7M, a 24.0% margin (down 10.6 points year over year). Total costs grew 6% against a revenue fall of 9%. The fastest-growing cost line was SG&A (+21%). Net earnings were $8.6M, down 45% year over year. The effective tax rate was 15.7%.
Operating cash flow was $7.2M (down 48% year over year), 83% of net earnings. Non-cash charges added back $419K of depreciation and amortization and $174K of share-based compensation. Working capital and other items used $2.1M. Capital expenditures of $2.0M left free cash flow of $5.1M.
Questions
What was Legacy Housing's revenue in the third quarter 2025?
Legacy Housing (LEGH) reported revenue of $40.5M for the third quarter 2025 (Q3 2025), -9% from a year earlier and -19% from the quarter before.
Was Legacy Housing profitable in the third quarter 2025?
Operating profit was $9.7M (24.0% of revenue) and net earnings $8.6M.
Source: Legacy Housing 10-Q on SEC EDGAR.