Short answer
M/I HOMES, INC. (MHO) filed its Q3 2025 10-Q quarterly report on Oct 24, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.1B (down 1.0% year over year) with net income of $106M.
Q3 2025 key financials · XBRL
- Revenue
- $1.1B
- −1.0% YoY · −2.6% QoQ
- Net income
- $106M
- −26.8% YoY · −12.2% QoQ
- Operating margin
- 12.0%
- EPS (diluted)
- $3.92
- −23.0% YoY · −11.3% QoQ
Source: XBRL data from the M/I HOMES, INC. (MHO) Q3 2025 10-Q on SEC EDGAR. USD.
M/I HOMES, INC. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New inventory impairment risk: Q3 2025 recorded $6.0M inventory impairment and $1.6M land deposit write-offs due to land portfolio optimization amid market uncertainty
- Updated operational risk: Homebuilding gross margin declined 360 bps to 21.5% in Q3 2025 from 25.1% in Q3 2024 due to higher lot costs (+$18.7M) and interest rate buydowns (+$10.8M)
- Legal/regulatory risk: FHFA expanded approved credit scoring to include VantageScore 4.0, potentially affecting buyer qualification and demand dynamics
- Market risk relevant to near-term: Homebuyer urgency remains low despite slight Fed rate cut (25 bps), reducing absorption pace to 2.7 homes/month from 3.2 homes/month year-over-year
- Financial risk: Homebuilding debt to capital improved to 18% in Q3 2025 from 20% prior year, supporting liquidity amid softer revenue and profitability pressures
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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