LGI Homes Q3 revenue fell to $396.6 million; diluted EPS $0.85 vs $2.95
LGI Homes reported third-quarter 2025 results on November 4, 2025, with home sales revenues of $396.6 million and net income of $19.7 million, or $0.85 per diluted share, compared with $651.9 million and $69.6 million, or $2.95 per diluted share, a year earlier. The company said third-quarter results met its stated guidance, that net orders rose 8.1% year over year, and that ending backlog rose 19.9%. Shareholders face sharply lower reported revenue and profit, and the company also issued fourth-quarter 2025 guidance for 1,300 to 1,500 home closings.
Key points
- Home sales revenues were $396.6 million in the third quarter of 2025, versus $651.9 million a year earlier; home closings were 1,065, versus 1,757.
- Net income was $19.7 million, or $0.85 per diluted share, versus $69.6 million, or $2.95 per diluted share, a year earlier.
- Gross margin was 21.5%, versus 25.1% a year earlier.
- Ending backlog was 1,305 homes, up 19.9% from the same period last year; fourth-quarter closings are guided to 1,300 to 1,500.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.