M/I Homes Q1 net income falls to $111 million as revenue drops 7% to $976 million
M/I Homes reported first-quarter 2025 results for the three months ended March 31, with revenue down 7% to $976 million and net income of $111 million ($3.98 per diluted share), versus $138 million ($4.78 per diluted share) a year earlier. Fewer homes were delivered and new contracts fell, though the company said its shareholders' equity reached a record $3 billion and it repurchased $50 million of common stock.
Key points
- Revenue fell 7% to $976 million; homes delivered fell 8% to 1,976 from 2,158
- Pre-tax income fell 19% to $146 million, or 15% of revenue
- Net income was $111 million ($3.98 per diluted share) versus $138 million ($4.78 per diluted share)
- New contracts fell 10% to 2,292; the company repurchased $50 million of common stock
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits 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 April 23, 2025.
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.