REVENUE (Tables)

6 Months Ended

Jun. 30, 2026

The following table summarizes customer contract revenues disaggregated by the source of the revenue (in thousands):


	Three months ended						Six months ended
	June 30,						June 30,
	2026			2025			2026			2025
Product sales:
Direct sales	$	1,335	2.0%	$	2,225	4.4%	$	3,110	3.1%	$	3,679	4.3%
Commercial sales		13,186	19.9%		11,724	23.4%		20,108	20.0%		18,519	21.5%
Inventory finance sales		3,610	5.4%		13,668	27.2%		7,055	7.0%		24,724	28.8%
Retail store sales		6,757	10.2%		7,292	14.5%		12,810	12.7%		10,633	12.4%
Workforce Housing (1)		25,510	38.4%		1,061	2.1%		27,217	27.0%		1,172	1.4%
Other product sales (2)		3,362	5.1%		2,417	4.8%		5,010	5.0%		3,950	4.6%
Total product sales		53,760	81.0%		38,387	76.4%		75,310	74.8%		62,677	73.0%
Loan portfolio interest:
Interest - consumer installment notes		6,413	9.7%		5,936	11.8%		12,834	12.7%		11,590	13.5%
Interest - MHP notes		4,284	6.4%		4,208	8.5%		8,429	8.4%		8,431	9.8%
Interest - dealer finance notes		777	1.2%		739	1.5%		1,529	1.5%		1,517	1.8%
Total loan portfolio interest		11,474	17.3%		10,883	21.8%		22,792	22.6%		21,538	25.1%
Other revenue		1,114	1.7%		891	1.8%		2,612	2.6%		1,616	1.9%
Total net revenue	$	66,348	100.0%	$	50,161	100.0%	$	100,714	100.0%	$	85,831	100.0%

(1)

In 2026, Workforce Housing is presented as a separate product sales category. Prior-year amounts related to Workforce Housing were reclassified from Direct Sales, Commercial Sales, and Inventory Finance Sales to the Workforce Housing line to conform to the current-year presentation. This reclassification affects presentation only and does not change Total Product Sales or Total Net Revenue.

(2)

Other product sales revenue from ancillary products and services including parts, freight and other services