LGIH LGI Homes, Inc.
FY2025 10-K
LGI Homes, Inc. (LGIH) filed its fiscal year 2025 10-K annual report with the SEC on Feb 20, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business model: Residential home construction specializing in affordable housing
- • No new products, services, or segments introduced or emphasized this year
Management Discussion & Analysis
- • Revenue $1.7B, down 22.6% YoY from $2.2B; home closings 4,685, down 22.3% from 6,028; ASP $364K, down 0.4% YoY
- • Gross margin 20.7% vs 24.2%; adjusted gross margin 24.0% vs 26.3%; EBITDA margin 8.7% vs 13.8%; net income $72.6M, down 63% YoY
Risk Factors
- • Regulatory risk: FASB ASU 2023-09 effective after Dec 15, 2024, requires expanded income tax disclosures by jurisdiction for taxes >5% of total paid
- • Macroeconomic risk: $1.6B notes payable and borrowings under Credit Agreement exposed to Interest rate risk at SOFR +1.85% margin, with SOFR floor at 0.50%
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