Short answer
LGI Homes, Inc. (LGIH) filed its Q1 2026 10-Q quarterly report on Apr 28, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $320M (down 9.0% year over year) with net income of $2M.
Q1 2026 key financials · XBRL
- Revenue
- $320M
- −9.0% YoY
- Net income
- $2M
- −45.9% YoY
- Operating margin
- -0.2%
- EPS (diluted)
- $0.09
- −47.1% YoY
Source: XBRL data from the LGI Homes, Inc. (LGIH) Q1 2026 10-Q on SEC EDGAR. USD.
LGI Homes, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Home sales revenue $319.7M, down 9.0% YoY from $351.4M
- Gross margin 18.7% vs 21.0%; net income $2.2M vs $4.0M
- Best segment West revenue $75.9M, up 13.3%; worst Southeast $72.3M, down 28.9%
- Cash $60.9M vs $61.2M; debt $1.71B vs $1.66B
- Headwinds: mortgage rates, affordability constraints, subdued sentiment, lower institutional demand
Risk Factors
- No material changes to 2025 Form 10-K risk factors
- Retention payments tied to June 30, 2026 net debt-to-capitalization thresholds
- Executive retention exposure: $150,000 payment for CEO Eric Lipar
- Potential 25% bonus uplift if 2026 ROE exceeds 10%
- Change-in-control benefits limited to the more favorable Lipar agreement terms, not both
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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