Filing Flows › LGI Homes (LGIH) › Q2 2025
LGI Homes (LGIH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
LGI Homes (LGIH) reported revenue of $488M for the second quarter 2025 (Q2 2025), -19% from a year earlier and +39% from the quarter before. Operating margin was 8.1%, net earnings $31.5M (6.5% of revenue).
LGI Homes, Q2 2025: revenue $488M (-19% year over year), operating margin 8.1%, net earnings $31.5M, operating cash flow −$86.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $488M | +39% | -19% |
| Operating profit | $39.6M | 234× | -41% |
| Net earnings | $31.5M | +690% | -46% |
| Operating cash flow | −$86.4M | — | — |
What changed
Revenue was $488.2M in Q2 2025, down 19% year over year and up 39% from the previous quarter.
Operating profit was $39.6M, a 8.1% margin (down 3.1 points year over year). Total costs fell 16% while revenue fell 19%. Net earnings were $31.5M, down 46% year over year. The effective tax rate was 25.0%.
Operating cash flow was −$86.4M. Non-cash charges added back $1.0M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $121.7M. Capital expenditures of $54K exceeded it, leaving free cash flow of −$86.4M.
Questions
What was LGI Homes' revenue in the second quarter 2025?
LGI Homes (LGIH) reported revenue of $488M for the second quarter 2025 (Q2 2025), -19% from a year earlier and +39% from the quarter before.
Was LGI Homes profitable in the second quarter 2025?
Operating profit was $39.6M (8.1% of revenue) and net earnings $31.5M.
Source: LGI Homes 10-Q on SEC EDGAR.