Filing Flows › LGI Homes (LGIH) › Q1 2026
LGI Homes (LGIH) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
LGI Homes (LGIH) reported revenue of $320M for the first quarter 2026 (Q1 2026), -9% from a year earlier and -26% from the quarter before. Operating margin was -0.2%, net earnings $2.2M (0.7% of revenue).
LGI Homes, Q1 2026: revenue $320M (-9% year over year), operating margin -0.2%, net earnings $2.2M, operating cash flow −$55.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $320M | -26% | -9% |
| Operating profit | −$582K | -103% | -444% |
| Net earnings | $2.2M | -88% | -46% |
| Operating cash flow | −$55.5M | -164% | — |
What changed
Revenue was $319.7M in Q1 2026, down 9% year over year and down 26% from the previous quarter. Retail was the largest line at 91% of revenue. Wholesale lost $24.7M year over year (down 45%), 78% of the total change.
Operating costs exceeded revenue by $582K, an operating margin of -0.2%. Total costs fell 9% while revenue fell 9%. Net earnings were $2.2M, down 46% year over year. The effective tax rate was 50.0%. Non-operating items added $4.9M, 113% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$55.5M. Non-cash charges added back $1.2M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $62.3M. Capital expenditures of $696K exceeded it, leaving free cash flow of −$56.2M.
Questions
What was LGI Homes' revenue in the first quarter 2026?
LGI Homes (LGIH) reported revenue of $320M for the first quarter 2026 (Q1 2026), -9% from a year earlier and -26% from the quarter before.
Was LGI Homes profitable in the first quarter 2026?
Operating loss was $582K (-0.2% of revenue) and net earnings $2.2M.
Source: LGI Homes 10-Q on SEC EDGAR.