v3.26.1
Revenues
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenues Disclosure REVENUES
Homebuilding Revenues
We generate revenues primarily by delivering move-in ready entry-level and move-up spec homes sold under our LGI Homes brand and our move-up and luxury series spec homes sold under our Terrata Homes brand.
Land and Other Revenues
We also generate land and other revenue through lot sales and leasing. For the three and six months ended June 30, 2025, we reclassified the income of lot sales and leasing revenues from other income to land and other revenue and land and other costs to conform to the current presentation. This reclassification had no impact on our previously reported net income, earnings per share, or cash flows for any period presented, as it represents a change in gross presentation between revenue and cost of sales versus other income, net.
The following table presents the revenue and cost of sales for lots and leases reclassified from other income (in thousands).
Three Months Ended June 30,Six Months Ended June 30,
20252025
Revenue
Land and other revenue$4,757 $36,725 
Cost of sales
Land and other costs$5,725 $32,729 
The following table presents our homebuilding revenues and land and other revenues disaggregated by revenue stream (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues
Retail homebuilding revenues$428,009 $412,056 $717,984 $708,995 
Wholesale homebuilding revenues73,502 71,429 103,263 125,910 
Total homebuilding revenues501,511 483,485 821,247 834,905 
Land and other revenues14,537 4,757 27,677 36,725 
Total revenues$516,048 $488,242 $848,924 $871,630 
Our homebuilding revenues and land and other revenues are disaggregated by geography, based on our determined reportable segments.