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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenues $ 902,413 $ 1,154,924 $ 1,643,341 $ 2,094,326
Other operations expense 793 765 1,587 1,530
Sales and marketing 50,171 56,804 93,113 107,028
General and administrative 60,803 67,747 118,478 119,075
Homebuilding income from operations 76,705 149,196 153,591 264,493
Equity in income of unconsolidated entities 471 99 966 156
Other income, net 7,174 9,934 16,303 25,160
Income before income taxes 84,350 159,229 170,860 289,809
Provision for income taxes (23,640) (41,227) (46,133) (72,811)
Net income 60,710 118,002 124,727 216,998
Net loss attributable to noncontrolling interests 38 0 57 59
Net income available to common stockholders $ 60,748 $ 118,002 $ 124,784 $ 217,057
Earnings per share        
Basic (in dollars per share) $ 0.68 $ 1.25 $ 1.38 $ 2.29
Diluted (in dollars per share) $ 0.68 $ 1.25 $ 1.38 $ 2.28
Weighted average shares outstanding        
Basic (in shares) 88,914,413 94,059,037 90,269,159 94,645,676
Diluted (in shares) 89,234,359 94,740,019 90,648,492 95,305,469
Homebuilding Operations        
Total revenues $ 884,010 $ 1,137,950 $ 1,607,437 $ 2,064,158
Other operations expense 793 765 1,587 1,530
Sales and marketing 50,171 56,804 93,113 107,028
General and administrative 60,803 67,747 118,478 119,075
Homebuilding income from operations 72,360 143,112 144,362 253,942
Equity in income of unconsolidated entities 471 99 966 156
Other income, net 7,174 9,934 16,303 25,160
Homebuilding income before income taxes 80,005 153,145 161,631 279,258
Financial Services        
Total revenues 18,403 16,974 35,904 30,168
Expenses 14,058 10,890 26,675 19,617
Financial services income before income taxes 4,345 6,084 9,229 10,551
Home sales revenue        
Cost of home, land and lot sales 696,630 865,681 1,244,903 1,572,985
Home sales revenue | Homebuilding Operations        
Total revenues 879,832 1,133,008 1,600,618 2,051,361
Cost of home, land and lot sales 696,630 865,681 1,244,903 1,572,985
Land and lot sales revenue        
Cost of home, land and lot sales 3,253 3,841 4,994 9,598
Land and lot sales revenue | Homebuilding Operations        
Total revenues 3,364 4,160 5,185 11,228
Cost of home, land and lot sales 3,253 3,841 4,994 9,598
Other operations revenue | Homebuilding Operations        
Total revenues $ 814 $ 782 $ 1,634 $ 1,569