Every material Form 8-K LGI Homes filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
LGI Homes reported second-quarter 2025 home sales revenues of $483.5 million, down from $602.5 million a year earlier, and net income of $31.5 million, or $1.36 per diluted share, versus $58.6 million, or $2.48, in the prior-year quarter. The company withdrew its full-year 2025 guidance and issued outlook only for the third quarter, citing limited visibility into the fourth quarter for its spec-focused model.
Q2 2025 home sales revenues were $483.5 million, versus $602.5 million in Q2 2024; home closings were 1,323, versus 1,655.
Q2 2025 net income was $31.5 million, or $1.36 diluted EPS, versus $58.6 million, or $2.48, a year earlier.
The company withdrew full-year 2025 guidance and expects third-quarter 2025 closings between 1,100 and 1,300.
The company repurchased 367,568 shares for $20.6 million in Q2 2025; total liquidity was $322.6 million at June 30, 2025.
At its April 24, 2025 annual meeting, LGI Homes stockholders elected all seven director nominees to one-year terms, ratified Ernst & Young LLP as auditor for 2025, and approved 2024 executive pay in an advisory vote. They also approved Amendment No. 1 to the 2016 Employee Stock Purchase Plan. The filing reports routine annual meeting outcomes and no change in financial results.
Seven directors elected to terms expiring at the 2026 annual meeting; Steven Smith received the most withheld votes at 2,315,262
Ernst & Young LLP ratified as independent registered public accounting firm for fiscal 2025, with 18,851,016 votes for and 87,514 against
Advisory vote on 2024 named executive officer compensation approved, with 15,771,958 votes for and 542,873 against
Employee Stock Purchase Plan amendment approved, with 16,309,126 votes for and 8,048 against
LGI Homes reported first-quarter 2025 home sales revenues of $351.4 million, down from $390.9 million a year earlier, and net income of $4.0 million, or $0.17 per diluted share, versus $17.1 million, or $0.72 per diluted share, in the prior-year quarter. The company also lowered its full-year 2025 gross margin guidance, citing expected tariff-related supplier price increases, which weighs on shareholders' expected profitability for the year.
Q1 2025 home sales revenues were $351.4 million versus $390.9 million in Q1 2024; home closings were 996 versus 1,083.
Net income was $4.0 million, or $0.17 diluted EPS, compared with $17.1 million, or $0.72, a year earlier.
Full-year 2025 gross margin guidance was trimmed by 150 basis points at the low end and 100 basis points at the high end, to 21.7% to 23.2%; adjusted gross margin guidance is 24.0% to 25.5%.
Other full-year 2025 outlook items were reiterated, including 6,200 to 7,000 home closings and an average sales price of $360,000 to $370,000.
LGI Homes reported fourth-quarter 2024 results in which home sales revenue, net income and diluted EPS all declined from a year earlier. For full year 2024, revenue fell 6.6% to $2.2 billion and net income fell 1.6% to $196.1 million, while gross margin rose to 24.2%. The company also issued 2025 guidance for 6,200 to 7,000 home closings and cited expected affordability challenges, which matters to shareholders because it sets a near-term outlook for sales and profitability.
Q4 2024: home sales revenues decreased 8.4% to $557.4 million; net income decreased 2.3% to $50.9 million, or $2.15 diluted EPS
Full year 2024: home closings of 6,131 including a bulk sale of 103 leased homes; net income of $196.1 million, or $8.30 diluted EPS
Gross margin rose 120 basis points to 24.2% for 2024; 2025 guidance projects gross margin of 23.2% to 24.2%
2025 guidance: 6,200 to 7,000 home closings and average sales price of $360,000 to $370,000
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every LGI Homes filing is on SEC EDGAR ↗. 8-K briefs of other companies →