v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total revenues $ 702,072 $ 902,413 $ 1,223,461 $ 1,643,341
Other operations expense 812 793 1,625 1,587
Sales and marketing 45,333 50,171 83,220 93,113
General and administrative 177,205 60,803 230,164 118,478
Homebuilding (loss) income from operations (97,181) 76,705 (91,561) 153,591
Equity in (loss) income of unconsolidated entities (24) 471 (112) 966
Transaction expense (73,779)   (79,656)  
Other income, net 5,652 7,174 12,888 16,303
(Loss) income before income taxes (165,332) 84,350 (158,441) 170,860
Benefit (provision) for income taxes 7,646 (23,640) 7,565 (46,133)
Net (loss) income (157,686) 60,710 (150,876) 124,727
Net (income) loss attributable to noncontrolling interests (12) 38 (36) 57
Net (loss) income available to common stockholders (157,698) 60,748 (150,912) 124,784
Homebuilding Operations        
Total revenues 685,966 884,010 1,193,862 1,607,437
Other operations expense 812 793 1,625 1,587
Sales and marketing 45,333 50,171 83,220 93,113
General and administrative 177,205 60,803 230,164 118,478
Homebuilding (loss) income from operations (99,611) 72,360 (95,419) 144,362
Equity in (loss) income of unconsolidated entities (24) 471 (112) 966
Transaction expense (73,779) 0 (79,656) 0
Other income, net 5,652 7,174 12,888 16,303
Homebuilding (loss) income before income taxes (167,762) 80,005 (162,299) 161,631
Financial Services        
Total revenues 16,106 18,403 29,599 35,904
Expenses 13,676 14,058 25,741 26,675
Financial services income before income taxes 2,430 4,345 3,858 9,229
Home sales revenue        
Cost of home, land and lot sales 562,022 696,630 973,088 1,244,903
Home sales revenue | Homebuilding Operations        
Total revenues 685,118 879,832 1,191,614 1,600,618
Cost of home, land and lot sales 562,022 696,630 973,088 1,244,903
Land and lot sales revenue        
Cost of home, land and lot sales 205 3,253 1,184 4,994
Land and lot sales revenue | Homebuilding Operations        
Total revenues 23 3,364 598 5,185
Cost of home, land and lot sales 205 3,253 1,184 4,994
Other operations revenue | Homebuilding Operations        
Total revenues $ 825 $ 814 $ 1,650 $ 1,634