Filing Flows › Legacy Housing (LEGH) › Q4 2025
Legacy Housing (LEGH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Legacy Housing (LEGH) reported revenue of $38.3M for the fourth quarter 2025 (Q4 2025), -29% from a year earlier and -5% from the quarter before. Operating margin was 26.9%, net earnings $8.2M (21.4% of revenue).
Legacy Housing, Q4 2025: revenue $38.3M (-29% year over year), operating margin 26.9%, net earnings $8.2M, operating cash flow $19.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.3M | -5% | -29% |
| Operating profit | $10.3M | +6% | -34% |
| Net earnings | $8.2M | -5% | -44% |
| Operating cash flow | $19.0M | +166% | +141% |
| Free cash flow | $15.7M | +206% | +161% |
What changed
Revenue was $38.3M in Q4 2025, down 29% year over year and down 5% from the previous quarter. Commercial sales was the largest line at 22% of revenue.
Operating profit was $10.3M, a 26.9% margin (down 1.7 points year over year). Total costs fell 28% while revenue fell 29%. Net earnings were $8.2M, down 44% year over year. The effective tax rate was 24.2%.
Operating cash flow was $19.0M (up 141% year over year), 232% of net earnings. Non-cash charges added back $579K of depreciation and amortization. Working capital and other items added $10.3M. Capital expenditures of $3.3M left free cash flow of $15.7M.
Questions
What was Legacy Housing's revenue in the fourth quarter 2025?
Legacy Housing (LEGH) reported revenue of $38.3M for the fourth quarter 2025 (Q4 2025), -29% from a year earlier and -5% from the quarter before.
Was Legacy Housing profitable in the fourth quarter 2025?
Operating profit was $10.3M (26.9% of revenue) and net earnings $8.2M.
Source: Legacy Housing 10-K on SEC EDGAR.