Filing Flows › LGI Homes (LGIH) › Q1 2025
LGI Homes (LGIH) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
LGI Homes (LGIH) reported revenue of $351M for the first quarter 2025 (Q1 2025), -10% from a year earlier and -37% from the quarter before. Operating margin was 0.0%, net earnings $4.0M (1.1% of revenue).
LGI Homes, Q1 2025: revenue $351M (-10% year over year), operating margin 0.0%, net earnings $4.0M, operating cash flow −$127M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $351M | -37% | -10% |
| Operating profit | $169K | -100% | -99% |
| Net earnings | $4.0M | -92% | -77% |
| Operating cash flow | −$127M | — | — |
What changed
Revenue was $351.4M in Q1 2025, down 10% year over year and down 37% from the previous quarter. Retail was the largest line at 84% of revenue. Retail lost $65.3M year over year (down 18%), 166% of the total change.
Operating profit was $169K, a 0.0% margin (down 4.7 points year over year). Total costs fell 6% while revenue fell 10%. Net earnings were $4.0M, down 77% year over year. The effective tax rate was 30.2%. Non-operating items added $5.6M, 97% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$127.1M. Non-cash charges added back $861K of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $134.6M. Capital expenditures of $831K exceeded it, leaving free cash flow of −$128.0M.
Questions
What was LGI Homes' revenue in the first quarter 2025?
LGI Homes (LGIH) reported revenue of $351M for the first quarter 2025 (Q1 2025), -10% from a year earlier and -37% from the quarter before.
Was LGI Homes profitable in the first quarter 2025?
Operating profit was $169K (0.0% of revenue) and net earnings $4.0M.
Source: LGI Homes 10-Q on SEC EDGAR.