Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Financial Information Relating to Reportable Segments

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

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(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.