M/I Homes Q2 revenue rises 5% to $1.2 billion, but net income falls to $121 million
M/I Homes reported second-quarter 2025 results on July 23, 2025. Revenue rose 5% to $1.2 billion and homes delivered rose 6% to 2,348, but pre-tax income fell 18% to $160 million and diluted EPS fell to $4.42 from $5.12. New contracts fell 8%, which may affect future deliveries.
Key points
- Net income was $121 million ($4.42 per diluted share) versus $147 million ($5.12) a year earlier.
- Pre-tax income decreased 18% to $160 million, or 14% of revenue.
- New contracts fell 8% to 2,078 homes; backlog units fell 25% to 2,577 as of June 30, 2025.
- The company repurchased $50 million of common stock in the quarter.
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 July 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.