v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information Relating to Reportable Segments
Total revenues, significant expenses and income before income taxes for each of our reportable segments were as follows (in thousands):
Three Months Ended June 30, 2026
WestCentralEastHomebuilding OperationsFinancial ServicesCorporateConsolidated
Home sales revenue$364,251 $206,933 $113,934 $685,118 $— $— $685,118 
Land and lot sales revenue23 — — 23 — — 23 
Other operations revenue825 — — 825 — — 825 
Financial services revenue— — — — 16,106 — 16,106 
Total revenues365,099 206,933 113,934 685,966 16,106 — 702,072 
Cost of home sales(303,806)(163,712)(93,092)(560,610)— (1,412)(562,022)
Cost of land and lot sales(205)— — (205)— — (205)
Other operations expense(812)— — (812)— — (812)
Sales and marketing(22,628)(15,409)(7,082)(45,119)— (214)(45,333)
General and administrative(27,980)(14,122)(11,898)(54,000)— (123,205)(177,205)
Financial services expense— — — — (13,676)— (13,676)
Income (loss) from operations9,668 13,690 1,862 25,220 2,430 (124,831)(97,181)
Equity in income (loss) of unconsolidated entities(13)(10)(1)(24)— — (24)
Transaction expense— — — — — (73,779)(73,779)
Other income, net19 133 5 157 — 5,495 5,652 
Income (loss) before income taxes$9,674 $13,813 $1,866 $25,353 $2,430 $(193,115)$(165,332)
Three Months Ended June 30, 2025
WestCentralEastHomebuilding OperationsFinancial ServicesCorporateConsolidated
Home sales revenue$470,305 $262,593 $146,934 $879,832 $— $— $879,832 
Land and lot sales revenue3,364 — — 3,364 — — 3,364 
Other operations revenue805 8 1 814 — — 814 
Financial services revenue— — — — 18,403 — 18,403 
Total revenues474,474 262,601 146,935 884,010 18,403 — 902,413 
Cost of home sales(372,305)(208,977)(113,536)(694,818)— (1,812)(696,630)
Cost of land and lot sales(3,253)— — (3,253)— — (3,253)
Other operations expense(793)— — (793)— — (793)
Sales and marketing(24,560)(17,227)(7,833)(49,620)— (551)(50,171)
General and administrative(18,647)(9,285)(8,134)(36,066)— (24,737)(60,803)
Financial services expense— — — — (14,058)— (14,058)
Income (loss) from operations54,916 27,112 17,432 99,460 4,345 (27,100)76,705 
Equity in income (loss) of unconsolidated entities65 406 — 471 — — 471 
Other income, net148 146 — 294 — 6,880 7,174 
Income (loss) before income taxes$55,129 $27,664 $17,432 $100,225 $4,345 $(20,220)$84,350 
Six Months Ended June 30, 2026
WestCentralEastHomebuilding OperationsFinancial ServicesCorporateConsolidated
Home sales revenue$630,184 $361,208 $200,222 $1,191,614 $— $— $1,191,614 
Land and lot sales revenue23 575 — 598 — — 598 
Other operations revenue1,650 — — 1,650 — — 1,650 
Financial services revenue— — — — 29,599 — 29,599 
Total revenues631,857 361,783 200,222 1,193,862 29,599 — 1,223,461 
Cost of home sales(521,009)(288,338)(160,898)(970,245)— (2,843)(973,088)
Cost of land and lot sales(510)(674)— (1,184)— — (1,184)
Other operations expense(1,625)— — (1,625)— — (1,625)
Sales and marketing(41,766)(27,749)(13,293)(82,808)— (412)(83,220)
General and administrative(44,824)(22,909)(19,739)(87,472)— (142,692)(230,164)
Financial services expense— — — — (25,741)— (25,741)
Income (loss) from operations22,123 22,113 6,292 50,528 3,858 (145,947)(91,561)
Equity in income (loss) of unconsolidated entities(17)(10)(85)(112)— — (112)
Transaction expense— — — — — (79,656)(79,656)
Other income, net26 407 22 455 — 12,433 12,888 
Income (loss) before income taxes$22,132 $22,510 $6,229 $50,871 $3,858 $(213,170)$(158,441)

Six Months Ended June 30, 2025
WestCentralEastHomebuilding OperationsFinancial ServicesCorporateConsolidated
Home sales revenue$870,827 $473,115 $256,676 $1,600,618 $— $— $1,600,618 
Land and lot sales revenue3,785 1,400 — 5,185 — — 5,185 
Other operations revenue1,611 18 5 1,634 — — 1,634 
Financial services revenue— — — — 35,904 — 35,904 
Total revenues876,223 474,533 256,681 1,607,437 35,904 — 1,643,341 
Cost of home sales(677,931)(369,014)(194,676)(1,241,621)— (3,282)(1,244,903)
Cost of land and lot sales(3,806)(1,188)— (4,994)— — (4,994)
Other operations expense(1,587)— — (1,587)— — (1,587)
Sales and marketing(47,329)(30,564)(14,206)(92,099)— (1,014)(93,113)
General and administrative(36,973)(18,086)(15,888)(70,947)— (47,531)(118,478)
Financial services expense— — — — (26,675)— (26,675)
Income (loss) from operations108,597 55,681 31,911 196,189 9,229 (51,827)153,591 
Equity in income (loss) of unconsolidated entities67 899 — 966 — — 966 
Other income, net238 450 4 692 — 15,611 16,303 
Income (loss) before income taxes$108,902 $57,030 $31,915 $197,847 $9,229 $(36,216)$170,860 
Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands):
June 30, 2026December 31, 2025
Real estate inventories
West$2,085,090 $1,902,818 
Central850,042 794,189 
East500,913 481,241 
Total$3,436,045 $3,178,248 
Total assets(1)
West$2,413,069 $2,187,263 
Central1,126,422 1,038,430 
East557,260 530,401 
Corporate573,544 1,064,313 
Total homebuilding assets4,670,295 4,820,407 
Financial services147,471 157,128 
Total$4,817,766 $4,977,535 
__________
(1)    Total assets as of June 30, 2026 and December 31, 2025 include $139.3 million of goodwill, with $125.4 million included in the West segment, $8.3 million included in the Central segment and $5.6 million included in the East segment. Total Corporate assets as of June 30, 2026 and December 31, 2025 include our Tri Pointe Homes trade name. For further details on goodwill and our intangible assets, see Note 7, Goodwill and Other Intangible Assets.