Filing Flows › LGI Homes (LGIH) › Q3 2026
LGI Homes (LGIH) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
LGI Homes (LGIH) reported revenue of $444M for the third quarter 2026 (Q3 2026), +10% from a year earlier and -14% from the quarter before. Operating margin was 7.5%, net earnings $24.6M (5.5% of revenue).
LGI Homes, Q3 2026: revenue $444M (+10% year over year), operating margin 7.5%, net earnings $24.6M, operating cash flow $38.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $444M | -14% | +10% |
| Operating profit | $33.3M | -9% | +55% |
| Net earnings | $24.6M | -9% | +25% |
| Operating cash flow | $38.9M | -66% | — |
| Free cash flow | $37.9M | -67% | — |
What changed
Revenue was $444.5M in Q3 2026, up 10% year over year and down 14% from the previous quarter. Retail Homebuilding was the largest line at 80% of revenue. Wholesale Homebuilding added $26.3M year over year (up 48%), 64% of the total change.
Operating profit was $33.3M, a 7.5% margin (up 2.2 points year over year). Of the extra revenue versus Q3 2025, 29% reached operating profit, above the 5% margin then. Total costs grew 8% against revenue growth of 10%. Net earnings were $24.6M, up 25% year over year. The effective tax rate was 26.3%.
Operating cash flow was $38.9M, 159% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $10.6M. Capital expenditures of $1.0M left free cash flow of $37.9M.
Questions
What was LGI Homes' revenue in the third quarter 2026?
LGI Homes (LGIH) reported revenue of $444M for the third quarter 2026 (Q3 2026), +10% from a year earlier and -14% from the quarter before.
Was LGI Homes profitable in the third quarter 2026?
Operating profit was $33.3M (7.5% of revenue) and net earnings $24.6M.
Source: LGI Homes 10-Q on SEC EDGAR.