v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 462,085 $ 982,814
Receivables 175,514 147,250
Real estate inventories 3,436,045 3,178,248
Investments in unconsolidated entities 245,695 183,075
Mortgage loans held for sale 86,881 98,514
Goodwill and other intangible assets, net 156,603 156,603
Deferred tax assets, net 43,132 43,132
Other assets 211,811 187,899
Total assets 4,817,766 4,977,535
Liabilities    
Accounts payable 79,848 41,693
Accrued expenses and other liabilities 420,675 425,289
Loans payable 450,600 456,468
Senior notes, net 648,135 647,586
Mortgage repurchase facilities 77,459 90,570
Total liabilities 1,676,717 1,661,606
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.01 par value, 100 and 500,000,000 shares authorized and    100 and 84,478,836 shares issued and outstanding at   June 30, 2026 and December 31, 2025, respectively 0 844
Additional paid-in capital 0 0
Retained earnings 3,140,839 3,314,990
Total stockholders’ equity 3,140,839 3,315,834
Noncontrolling interests 210 95
Total equity 3,141,049 3,315,929
Total liabilities and equity $ 4,817,766 $ 4,977,535
Common stock authorized (in shares) 100 500,000,000