v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 93,246 $ 149,998
Cash held in escrow 34,349 3,004
Accounts receivable 68,893 50,318
Inventories 3,509,639 3,454,337
Mortgage loans held for sale 184,390 236,926
Prepaid expenses and other assets 539,684 419,384
Property and equipment, net 86,865 155,176
Deferred tax assets, net 21,315 22,220
Goodwill 41,109 41,109
Total assets 4,579,490 4,532,472
Liabilities:    
Accounts payable 145,269 133,086
Accrued expenses and other liabilities 283,588 302,317
Notes payable 1,135,202 1,107,909
Revolving line of credit 270,000 135,500
Mortgage repurchase facilities 181,440 232,804
Total liabilities 2,015,499 1,911,616
Stockholders' equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 29,679,571 and 30,961,227 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 297 310
Additional paid-in capital 414,002 526,959
Retained earnings 2,149,692 2,093,587
Total stockholders' equity 2,563,991 2,620,856
Total liabilities and stockholders' equity $ 4,579,490 $ 4,532,472