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Segment Information | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information We operate two principal businesses: homebuilding and financial services. Tri Pointe Homes is engaged in the business of acquiring and developing land and constructing and selling single-family detached and attached homes. In accordance with ASC Topic 280, Segment Reporting, we have aggregated our geographical homebuilding segments under the aggregation criteria outlined. In determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply. In addition, our determination of reporting segments considered how our chief operating decision maker evaluates operating performance and capital allocation. Based upon these factors and in consideration of the geographical layout of our homebuilding markets, we have identified three homebuilding reporting segments which are reported under the following hierarchy: West region: Arizona, California, Nevada and Washington Central region: Colorado, Texas and Utah East region: District of Columbia, Florida, Maryland, North Carolina, South Carolina and Virginia In April 2024, we announced our expansion into the Coastal Carolinas region, which includes parts of South Carolina and Georgia. While we have an established presence in South Carolina, we have not yet commenced operations in Georgia as of June 30, 2025. Our Tri Pointe Solutions financial services operation is a reportable segment and is comprised of our Tri Pointe Connect mortgage financing operations, our Tri Pointe Assurance title and escrow services operations, and our Tri Pointe Advantage property and casualty insurance agency operations. These financial services businesses have been aggregated in accordance with the criteria outlined in ASC 280, considering their similar economic and operational characteristics. For further details, see Note 1, Organization and Summary of Significant Accounting Policies. Corporate is a non-operating segment that develops and implements company-wide strategic initiatives and provides support to our homebuilding reporting segments by centralizing certain administrative functions, such as marketing, legal, accounting, treasury, insurance, internal audit and risk management, information technology and human resources, to benefit from economies of scale. Our Corporate non-operating segment also includes general and administrative expenses related to operating our corporate headquarters. The reportable segments follow the same accounting policies used for our consolidated financial statements, as described in Note 1, Organization and Summary of Significant Accounting Policies. Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Our Chief Executive Officer (CEO) is our Chief Operating Decision Maker (CODM) and reviews segment performance to make resource allocation decisions. The CODM evaluates each segment based on revenue, operating profit, and other key homebuilding metrics to guide strategic decisions. Total revenues, significant expenses and income before income taxes for each of our reportable segments were as follows (in thousands):
| Three Months Ended June 30, 2025
| West | Central | East | Homebuilding Operations | Financial Services | Corporate | Consolidated
Home sales revenue | $ | 470,305 |  | $ | 262,593 |  | $ | 146,934 |  | $ | 879,832 |  | $ | — |  | $ | — |  | $ | 879,832 |
Land and lot sales revenue | 3,364 |  | — |  | — |  | 3,364 |  | — |  | — |  | 3,364 |
Other operations revenue | 805 |  | 8 |  | 1 |  | 814 |  | — |  | — |  | 814 |
Financial services revenue | — |  | — |  | — |  | — |  | 18,403 |  | — |  | 18,403 |
Total revenues | 474,474 |  | 262,601 |  | 146,935 |  | 884,010 |  | 18,403 |  | — |  | 902,413 |
Cost of home sales | (372,305) |  | (208,977) |  | (113,536) |  | (694,818) |  | — |  | (1,812) |  | (696,630) |
Cost of land and lot sales | (3,253) |  | — |  | — |  | (3,253) |  | — |  | — |  | (3,253) |
Other operations expense | (793) |  | — |  | — |  | (793) |  | — |  | — |  | (793) |
Sales and marketing | (24,560) |  | (17,227) |  | (7,833) |  | (49,620) |  | — |  | (551) |  | (50,171) |
General and administrative | (18,647) |  | (9,285) |  | (8,134) |  | (36,066) |  | — |  | (24,737) |  | (60,803) |
Financial services expense | — |  | — |  | — |  | — |  | (14,058) |  | — |  | (14,058) |
Income from operations | 54,916 |  | 27,112 |  | 17,432 |  | 99,460 |  | 4,345 |  | (27,100) |  | 76,705 |
Equity in income (loss) of unconsolidated entities | 65 |  | 406 |  | — |  | 471 |  | — |  | — |  | 471 |
Other income, net | 148 |  | 146 |  | — |  | 294 |  | — |  | 6,880 |  | 7,174 |
Income (loss) before income taxes | $ | 55,129 |  | $ | 27,664 |  | $ | 17,432 |  | $ | 100,225 |  | $ | 4,345 |  | $ | (20,220) |  | $ | 84,350 |
| Three Months Ended June 30, 2024
| West | Central | East | Homebuilding Operations | Financial Services | Corporate | Consolidated
Home sales revenue | $ | 674,391 |  | $ | 299,910 |  | $ | 158,707 |  | $ | 1,133,008 |  | $ | — |  | $ | — |  | $ | 1,133,008 |
Land and lot sales revenue | 2,480 |  | 1,680 |  | — |  | 4,160 |  | — |  | — |  | 4,160 |
Other operations revenue | 778 |  | 4 |  | — |  | 782 |  | — |  | — |  | 782 |
Financial services revenue | — |  | — |  | — |  | — |  | 16,974 |  | — |  | 16,974 |
Total revenues | 677,649 |  | 301,594 |  | 158,707 |  | 1,137,950 |  | 16,974 |  | — |  | 1,154,924 |
Cost of home sales | (519,000) |  | (222,313) |  | (122,057) |  | (863,370) |  | — |  | (2,311) |  | (865,681) |
Cost of land and lot sales | (2,324) |  | (1,517) |  | — |  | (3,841) |  | — |  | — |  | (3,841) |
Other operations expense | (765) |  | — |  | — |  | (765) |  | — |  | — |  | (765) |
Sales and marketing | (30,579) |  | (17,987) |  | (8,003) |  | (56,569) |  | — |  | (235) |  | (56,804) |
General and administrative | (20,928) |  | (9,659) |  | (7,038) |  | (37,625) |  | — |  | (30,122) |  | (67,747) |
Financial services expense | — |  | — |  | — |  | — |  | (10,890) |  | — |  | (10,890) |
Income from operations | 104,053 |  | 50,118 |  | 21,609 |  | 175,780 |  | 6,084 |  | (32,668) |  | 149,196 |
Equity in income (loss) of unconsolidated entities | (9) |  | 164 |  | (56) |  | 99 |  | — |  | — |  | 99 |
Other income, net | 159 |  | 5 |  | 51 |  | 215 |  | — |  | 9,719 |  | 9,934 |
Income (loss) before income taxes | $ | 104,203 |  | $ | 50,287 |  | $ | 21,604 |  | $ | 176,094 |  | $ | 6,084 |  | $ | (22,949) |  | $ | 159,229 |
| Six Months Ended June 30, 2025
| West | Central | East | Homebuilding Operations | Financial Services | Corporate | Consolidated
Home sales revenue | $ | 870,827 |  | $ | 473,115 |  | $ | 256,676 |  | $ | 1,600,618 |  | $ | — |  | $ | — |  | $ | 1,600,618 |
Land and lot sales revenue | 3,785 |  | 1,400 |  | — |  | 5,185 |  | — |  | — |  | 5,185 |
Other operations revenue | 1,611 |  | 18 |  | 5 |  | 1,634 |  | — |  | — |  | 1,634 |
Financial services revenue | — |  | — |  | — |  | — |  | 35,904 |  | — |  | 35,904 |
Total revenues | 876,223 |  | 474,533 |  | 256,681 |  | 1,607,437 |  | 35,904 |  | — |  | 1,643,341 |
Cost of home sales | (677,931) |  | (369,014) |  | (194,676) |  | (1,241,621) |  | — |  | (3,282) |  | (1,244,903) |
Cost of land and lot sales | (3,806) |  | (1,188) |  | — |  | (4,994) |  | — |  | — |  | (4,994) |
Other operations expense | (1,587) |  | — |  | — |  | (1,587) |  | — |  | — |  | (1,587) |
Sales and marketing | (47,329) |  | (30,564) |  | (14,206) |  | (92,099) |  | — |  | (1,014) |  | (93,113) |
General and administrative | (36,973) |  | (18,086) |  | (15,888) |  | (70,947) |  | — |  | (47,531) |  | (118,478) |
Financial services expense | — |  | — |  | — |  | — |  | (26,675) |  | — |  | (26,675) |
Income from operations | 108,597 |  | 55,681 |  | 31,911 |  | 196,189 |  | 9,229 |  | (51,827) |  | 153,591 |
Equity in income (loss) of unconsolidated entities | 67 |  | 899 |  | — |  | 966 |  | — |  | — |  | 966 |
Other income, net | 238 |  | 450 |  | 4 |  | 692 |  | — |  | 15,611 |  | 16,303 |
Income (loss) before income taxes | $ | 108,902 |  | $ | 57,030 |  | $ | 31,915 |  | $ | 197,847 |  | $ | 9,229 |  | $ | (36,216) |  | $ | 170,860 |
| Six Months Ended June 30, 2024
| West | Central | East | Homebuilding Operations | Financial Services | Corporate | Consolidated
Home sales revenue | $ | 1,221,812 |  | $ | 572,449 |  | $ | 257,100 |  | $ | 2,051,361 |  | $ | — |  | $ | — |  | $ | 2,051,361 |
Land and lot sales revenue | 7,869 |  | 3,359 |  | — |  | 11,228 |  | — |  | — |  | 11,228 |
Other operations revenue | 1,558 |  | 10 |  | 1 |  | 1,569 |  | — |  | — |  | 1,569 |
Financial services revenue | — |  | — |  | — |  | — |  | 30,168 |  | — |  | 30,168 |
Total revenues | 1,231,239 |  | 575,818 |  | 257,101 |  | 2,064,158 |  | 30,168 |  | — |  | 2,094,326 |
Cost of home sales | (944,732) |  | (426,368) |  | (197,576) |  | (1,568,676) |  | — |  | (4,309) |  | (1,572,985) |
Cost of land and lot sales | (6,920) |  | (2,678) |  | — |  | (9,598) |  | — |  | — |  | (9,598) |
Other operations expense | (1,530) |  | — |  | — |  | (1,530) |  | — |  | — |  | (1,530) |
Sales and marketing | (57,818) |  | (34,383) |  | (14,233) |  | (106,434) |  | — |  | (594) |  | (107,028) |
General and administrative | (39,027) |  | (16,716) |  | (12,926) |  | (68,669) |  | — |  | (50,406) |  | (119,075) |
Financial services expense | — |  | — |  | — |  | — |  | (19,617) |  | — |  | (19,617) |
Income from operations | 181,212 |  | 95,673 |  | 32,366 |  | 309,251 |  | 10,551 |  | (55,309) |  | 264,493 |
Equity in income (loss) of unconsolidated entities | (18) |  | 169 |  | 5 |  | 156 |  | — |  | — |  | 156 |
Other income, net | 712 |  | 139 |  | 54 |  | 905 |  | — |  | 24,255 |  | 25,160 |
Income (loss) before income taxes | $ | 181,906 |  | $ | 95,981 |  | $ | 32,425 |  | $ | 310,312 |  | $ | 10,551 |  | $ | (31,054) |  | $ | 289,809 |
Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands):
| June 30, 2025 |  | December 31, 2024
Real estate inventories |  |  |
West | $ | 2,011,316 |  |  | $ | 1,928,257 |
Central | 813,730 |  |  | 791,171 |
East | 476,256 |  |  | 434,031 |
Total | $ | 3,301,302 |  |  | $ | 3,153,459 |
Total assets(1) |  |  |
West | $ | 2,324,244 |  |  | $ | 2,186,696 |
Central | 1,066,876 |  |  | 1,014,811 |
East | 531,875 |  |  | 473,874 |
Corporate | 697,258 |  |  | 1,041,646 |
Total homebuilding assets | 4,620,253 |  |  | 4,717,027 |
Financial services | 177,589 |  |  | 174,088 |
Total | $ | 4,797,842 |  |  | $ | 4,891,115 |
__________ (1) Total assets as of June 30, 2025 and December 31, 2024 includes $139.3 million of goodwill, with $125.4 million included in the West segment, $8.3 million included in the Central segment and $5.6 million included in the East segment. Total Corporate assets as of June 30, 2025 and December 31, 2024 includes our Tri Pointe Homes trade name. For further details on goodwill and our intangible assets, see Note 8, Goodwill and Other Intangible Assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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