v3.26.1
Reporting Segments
 6 Months Ended
Jun. 30, 2026
Reporting Segments [Abstract]  
Reporting Segments 2. Reporting Segments

Our homebuilding operations are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 16 states. We build and sell homes under our Century Communities and Century Complete brands. Our Century Communities brand is managed by geographic location, and each of our four geographic regions offers a wide range of buyer profiles including: entry-level, first and second time move-up, and lifestyle homebuyers, and provides our homebuyers with the limited ability to personalize their homes through certain option and upgrade selections. Each of our four geographic regions is considered a separate operating segment. Our Century Complete brand targets entry-level homebuyers, primarily sells homes through retail studios, centralized locations, and the internet, and generally provides no option or upgrade selections. Our Century Complete brand has operations in 10 states and is managed separately from our four geographic regions, and it is considered a separate operating segment.

We have presented our homebuilding operations as the following reportable segments as of June 30, 2026:

 

West (California and Washington)

Mountain (Arizona, Colorado, Nevada, and Utah)

Texas

Southeast (Florida, Georgia, North Carolina, South Carolina, and Tennessee)

Century Complete (Alabama, Arizona, Florida, Georgia, Indiana, Kentucky, Michigan, Nevada, North Carolina, and South Carolina)

We have identified our Financial Services operations, which provide mortgage, title, insurance brokerage and escrow services to our homebuyers, and Century Living, which is engaged in the development, construction, management, and sales of multi-family rental properties currently all located in Colorado, as reportable segments.

Our Corporate operations are a non-operating segment, as it serves to support our homebuilding operations, and to a lesser extent our Financial Services operations, through various functions, such as our executive, finance, treasury, human resources, accounting and legal departments.

Our Executive Chairman and our Chief Executive Officer, collectively, have been determined to be our Chief Operating Decision Makers (“CODMs”) to make key operating decisions and assess performance. The management of our four Century Communities geographic regions, Century Complete, our Financial Services segment, and our Century Living segment reports to our CODMs. The CODMs evaluate the segment’s operating performance and allocate resources for all of our reportable segments based on income before income tax expense. For all of the segments, the CODMs use segment income before income tax expense in the annual budget and forecasting process. The CODMs consider budget-to-actual forecast variances for income before tax expense on a monthly basis for evaluating performance of each segment and making decisions about allocating capital and other resources to each segment. The measure of segment assets is reported on the condensed consolidated balance sheets as total assets. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

The following tables summarize total revenue, significant expenses, and income (loss) before income tax expense by segment (in thousands):

Three Months Ended June 30, 2026

West

Mountain

Texas

Southeast

Century Complete

Financial Services

Century Living

Corporate

Total

Revenues

$

183,293

$

198,245

$

156,873

$

138,791

$

224,581

$

25,444

$

—

$

—

$

927,227

Cost of home sales revenues

(155,418)

(164,123)

(125,648)

(112,130)

(178,818)

—

—

769

(735,368)

Financial services costs

—

—

—

—

—

(15,548)

—

—

(15,548)

Selling, general and administrative expense

(17,239)

(20,174)

(19,173)

(15,055)

(24,507)

—

(249)

(31,019)

(127,416)

Other segment items(1)

(510)

(493)

(1,545)

(175)

(447)

—

134

3,209

173

Income (loss) before tax expense

$

10,126

$

13,455

$

10,507

$

11,431

$

20,809

$

9,896

$

(115)

$

(27,041)

$

49,068

Three Months Ended June 30, 2025

West

Mountain

Texas

Southeast

Century Complete

Financial Services

Century Living

Corporate

Total

Revenues

$

201,894

$

206,387

$

147,460

$

172,474

$

248,735

$

23,774

$

—

$

—

$

1,000,724

Cost of home sales revenues

(159,451)

(170,619)

(121,515)

(144,941)

(208,313)

—

—

317

(804,522)

Financial services costs

—

—

—

—

—

(17,550)

—

—

(17,550)

Selling, general and administrative expense

(17,094)

(18,327)

(17,587)

(15,775)

(24,779)

—

(161)

(35,114)

(128,837)

Other segment items(1)

(358)

(2,322)

(232)

(572)

(648)

—

1,623

(223)

(2,732)

Income (loss) before tax expense

$

24,991

$

15,119

$

8,126

$

11,186

$

14,995

$

6,224

$

1,462

$

(35,020)

$

47,083

Six Months Ended June 30, 2026

West

Mountain

Texas

Southeast

Century Complete

Financial Services

Century Living

Corporate

Total

Revenues

$

340,856

$

358,461

$

262,590

$

295,442

$

411,711

$

47,840

$

—

$

—

$

1,716,900

Cost of home sales revenues

(286,889)

(296,489)

(212,826)

(212,119)

(330,587)

—

—

251

(1,338,659)

Financial services costs

—

—

—

—

—

(30,299)

—

—

(30,299)

Selling, general and administrative expense

(33,114)

(39,226)

(34,789)

(29,591)

(45,944)

—

(573)

(60,261)

(243,498)

Other segment items(1)

(778)

(535)

(1,660)

(22,904)

(802)

—

525

4,109

(22,045)

Income (loss) before tax expense

$

20,075

$

22,211

$

13,315

$

30,828

$

34,378

$

17,541

$

(48)

$

(55,901)

$

82,399

Six Months Ended June 30, 2025

West

Mountain

Texas

Southeast

Century Complete

Financial Services

Century Living

Corporate

Total

Revenues

$

383,616

$

431,418

$

284,102

$

306,919

$

455,594

$

42,308

$

—

$

—

$

1,903,957

Cost of home sales revenues

(300,960)

(351,300)

(230,820)

(249,995)

(377,494)

—

—

(1,868)

(1,512,437)

Financial services costs

—

—

—

—

(33,724)

—

—

(33,724)

Selling, general and administrative expense

(34,105)

(38,747)

(34,531)

(30,725)

(47,460)

—

(382)

(63,646)

(249,596)

Other segment items(1)

(2,165)

(2,810)

(274)

(833)

(1,823)

—

416

(1,110)

(8,599)

Income (loss) before tax expense

$

46,386

$

38,561

$

18,477

$

25,366

$

28,817

$

8,584

$

34

$

(66,624)

$

99,601

(1)Includes cost of land sales and other revenues, and other income (expense).

 

The following table summarizes total assets by segment (in thousands):

June 30,

December 31,

2026

2025

West

$

899,184

$

891,808

Mountain

975,286

941,617

Texas

995,497

891,763

Southeast

613,028

581,228

Century Complete

446,344

389,954

Financial Services

362,932

436,515

Century Living

242,330

198,815

Corporate

156,670

128,195

Total assets

$

4,691,271

$

4,459,895

Century Living assets primarily include multi-family rental properties under construction and properties that are in lease-up, which are included in prepaid and other assets on the condensed consolidated balance sheets. Corporate assets include primarily costs associated with certain prepaids and other assets, including prepaid insurance, certain property and equipment, deferred tax assets, certain receivables, and certain cash and cash equivalents.