v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate two principal businesses: homebuilding and financial services.
Tri Pointe Homes is engaged in the business of acquiring and developing land and constructing and selling single-family detached and attached homes. In accordance with ASC Topic 280, Segment Reporting, we have aggregated our geographical homebuilding segments under the aggregation criteria outlined. In determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply. In addition, our determination of reporting segments considered how our chief operating decision maker evaluates operating performance and capital allocation. Based upon these factors and in consideration of the geographical layout of our homebuilding markets, we have identified three homebuilding reporting segments which are reported under the following hierarchy:
West region: Arizona, California, Nevada and Washington
Central region: Colorado, Texas and Utah
East region: District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina and Virginia
Our Tri Pointe Solutions financial services operation is a reportable segment and is comprised of our Tri Pointe Connect mortgage financing operations, our Tri Pointe Assurance title and escrow services operations, and our Tri Pointe Advantage property and casualty insurance agency operations. These financial services businesses have been aggregated in accordance with the criteria outlined in ASC 280, considering their similar economic and operational characteristics. For further details, see Note 1, Organization and Summary of Significant Accounting Policies.
Corporate is a non-operating segment that develops and implements company-wide strategic initiatives and provides support to our homebuilding reporting segments by centralizing certain administrative functions, such as marketing, legal, accounting, treasury, insurance, internal audit and risk management, information technology and human resources, to benefit from economies of scale. Our Corporate non-operating segment also includes general and administrative expenses related to operating our corporate headquarters.
The reportable segments follow the same accounting policies used for our consolidated financial statements, as described in Note 1, Organization and Summary of Significant Accounting Policies. Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented.
Our Chief Executive Officer is our Chief Operating Decision Maker (“CODM”) and reviews segment performance to make resource allocation decisions. The CODM evaluates each segment based on revenue, operating profit, and other key homebuilding metrics to guide strategic decisions.
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.