Filing Flows › LGI Homes (LGIH) › Q3 2025
LGI Homes (LGIH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
LGI Homes (LGIH) reported revenue of $404M for the third quarter 2025 (Q3 2025), -38% from a year earlier and -17% from the quarter before. Operating margin was 5.3%, net earnings $19.7M (4.9% of revenue).
LGI Homes, Q3 2025: revenue $404M (-38% year over year), operating margin 5.3%, net earnings $19.7M, operating cash flow −$13.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $404M | -17% | -38% |
| Operating profit | $21.5M | -46% | -73% |
| Net earnings | $19.7M | -38% | -72% |
| Operating cash flow | −$13.2M | — | — |
What changed
Revenue was $403.5M in Q3 2025, down 38% year over year and down 17% from the previous quarter.
Operating profit was $21.5M, a 5.3% margin (down 7.0 points year over year). Total costs fell 33% while revenue fell 38%. Net earnings were $19.7M, down 72% year over year. The effective tax rate was 26.2%.
Operating cash flow was −$13.2M. Non-cash charges added back $1.2M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $35.7M. Capital expenditures of $39K exceeded it, leaving free cash flow of −$13.3M.
Questions
What was LGI Homes' revenue in the third quarter 2025?
LGI Homes (LGIH) reported revenue of $404M for the third quarter 2025 (Q3 2025), -38% from a year earlier and -17% from the quarter before.
Was LGI Homes profitable in the third quarter 2025?
Operating profit was $21.5M (5.3% of revenue) and net earnings $19.7M.
Source: LGI Homes 10-Q on SEC EDGAR.