ccs-20260930x10q

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)


x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2026


o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 001-36491

Century Communities, Inc.

(Exact name of registrant as specified in its charter)


Delaware		68-0521411
(State or other jurisdiction of ‎incorporation or organization)		(I.R.S. Employer ‎Identification No.)

8390 East Crescent Parkway, Suite 650 ‎Greenwood Village, CO		80111
(Address of principal executive offices)		(Zip Code)

(Registrant’s telephone number, including area code): (303) 770-8300

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common stock, par value $0.01 per share	CCS	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

On October 23, 2026, 28,265,299 shares of common stock, par value $0.01 per share, of the registrant were outstanding.

Table of Contents

CENTURY COMMUNITIES, INC.

FORM 10-Q

For the Three and Nine Months Ended September 30, 2026

Index


	Page No.
PART I – FINANCIAL INFORMATION
Item 1. Financial Statements
Condensed Consolidated Balance Sheets as of September 30, 2026 (unaudited) and December 31, 2025 (audited)	3
Unaudited Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2026 and 2025	4
Unaudited Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2026 and 2025	5
Unaudited Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended September 30, 2026 and 2025	6
Notes to the Unaudited Condensed Consolidated Financial Statements	7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	20
Item 3. Quantitative and Qualitative Disclosures About Market Risk	44
Item 4. Controls and Procedures	44
PART II – OTHER INFORMATION
Item 1. Legal Proceedings	45
Item 1A. Risk Factors	45
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	46
Item 3. Defaults Upon Senior Securities	46
Item 4. Mine Safety Disclosures	46
Item 5. Other Information	46
Item 6. Exhibits	47
Signatures	48

Table of Contents

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

Century Communities, Inc.

Condensed Consolidated Balance Sheets

As of September 30, 2026 and December 31, 2025

(in thousands, except share and per share amounts)



	September 30,		December 31,
	2026		2025
Assets	(unaudited)		(audited)
Cash and cash equivalents	$	86,086	$	109,443
Cash held in escrow		33,740		48,571
Accounts receivable		58,907		57,242
Inventories		3,744,023		3,361,158
Mortgage loans held for sale		186,506		299,145
Prepaid expenses and other assets		527,581		435,683
Property and equipment, net		75,232		69,368
Deferred tax assets, net		36,841		38,176
Goodwill		41,109		41,109
Total assets	$	4,790,025	$	4,459,895
Liabilities and stockholders' equity
Liabilities:
Accounts payable	$	142,568	$	114,416
Accrued expenses and other liabilities		273,872		310,602
Notes payable		1,165,321		1,102,376
Revolving line of credit		456,000		51,500
Mortgage repurchase facilities		191,266		289,269
Total liabilities		2,229,027		1,868,163
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding		—		—
Common stock, $0.01 par value, 100,000,000 shares authorized, 28,264,817 and 29,050,515 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively		283		291
Additional paid-in capital		310,161		385,962
Retained earnings		2,250,554		2,205,479
Total stockholders' equity		2,560,998		2,591,732
Total liabilities and stockholders' equity	$	4,790,025	$	4,459,895

See Notes to Unaudited Condensed Consolidated Financial Statements

‎

Table of Contents

Century Communities, Inc.

Unaudited Condensed Consolidated Statements of Operations

For the Three and Nine Months Ended September 30, 2026 and 2025

(in thousands, except share and per share amounts)



	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Revenues
Homebuilding revenues
Home sales revenues	$	842,493	$	955,162	$	2,474,127	$	2,815,365
Land sales and other revenues		823		5,764		38,249		7,209
Total homebuilding revenues		843,316		960,926		2,512,376		2,822,574
Financial services revenues		21,151		19,358		68,991		61,666
Total revenues		864,467		980,284		2,581,367		2,884,240
Homebuilding cost of revenues
Cost of home sales revenues		(716,082)		(783,746)		(2,054,741)		(2,296,184)
Cost of land sales and other revenues		(26)		(6,303)		(24,275)		(7,199)
Total homebuilding cost of revenues		(716,108)		(790,049)		(2,079,016)		(2,303,383)
Financial services costs		(14,962)		(16,371)		(45,261)		(50,095)
Selling, general and administrative expense		(118,837)		(119,895)		(362,335)		(369,491)
Other income (expense), net		1,275		(6,131)		3,479		(13,832)
Income before income tax expense		15,835		47,838		98,234		147,439
Income tax expense		(3,218)		(10,435)		(25,060)		(35,798)
Net income	$	12,617	$	37,403	$	73,174	$	111,641

Earnings per share:
Basic	$	0.44	$	1.26	$	2.55	$	3.69
Diluted	$	0.44	$	1.25	$	2.54	$	3.65
Weighted average common shares outstanding:
Basic		28,363,406		29,645,795		28,722,425		30,266,752
Diluted		28,476,268		30,019,153		28,774,514		30,611,011

See Notes to Unaudited Condensed Consolidated Financial Statements

Table of Contents

Century Communities, Inc.

Unaudited Condensed Consolidated Statements of Cash Flows

For the Nine Months Ended September 30, 2026 and 2025

(in thousands)


	Nine Months Ended September 30,
	2026		2025
Operating activities
Net income	$	73,174	$	111,641
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization		16,107		18,868
Stock-based compensation expense		10,641		13,720
Fair value adjustments of mortgage-related assets and liabilities		542		115
Loss on debt extinguishment		—		1,361
Inventory impairment		19,605		10,951
Abandonment of lot option contracts		4,399		9,306
Deferred income taxes		1,335		(482)
Other		(7,617)		(185)
Changes in assets and liabilities:
Cash held in escrow		14,831		(41,713)
Accounts receivable		(1,165)		(17,771)
Inventories		(403,408)		(170,150)
Mortgage loans held for sale		104,609		54,907
Prepaid expenses and other assets		(81,065)		(63,605)
Accounts payable		28,152		35,903
Accrued expenses and other liabilities		(47,615)		(20,520)
Net cash used in operating activities		(267,475)		(57,654)
Investing activities
Purchases of property and equipment		(21,647)		(20,450)
Proceeds from sale of mortgage servicing rights		—		44,941
Other investing activities		(1,596)		6,130
Net cash (used in) provided by investing activities		(23,243)		30,621
Financing activities
Borrowings under revolving credit facility		1,584,300		2,425,000
Payments on revolving credit facility		(1,179,800)		(2,221,500)
Proceeds from issuance of senior notes due 2033		—		500,000
Extinguishment of senior notes due 2027		—		(500,000)
Borrowing under construction loan agreements		39,181		28,715
Proceeds from issuance of notes and other		59,848		29,050
Principal payments on notes and other		(29,310)		(13,993)
Debt issuance costs		—		(8,236)
Net payments for mortgage repurchase facilities		(98,003)		(56,200)
Withholding of common stock upon settlement of stock-based compensation awards		(15,362)		(17,291)
Repurchases of common stock under stock repurchase program		(71,198)		(123,622)
Payments for excise tax on repurchases of common stock		(1,169)		(685)
Dividend payments		(27,519)		(26,312)
Net cash provided by financing activities		260,968		14,926
Net decrease	$	(29,750)	$	(12,107)
Cash and cash equivalents and Restricted cash
Beginning of period		139,554		175,323
End of period	$	109,804	$	163,216
Supplemental cash flow disclosure
Cash paid for income taxes	$	35,830	$	48,003
Cash and cash equivalents and Restricted cash
Cash and cash equivalents	$	86,086	$	130,075
Restricted cash (Note 5)		23,718		33,141
Cash and cash equivalents and Restricted cash	$	109,804	$	163,216

See Notes to Unaudited Condensed Consolidated Financial Statements

Table of Contents

Century Communities, Inc.

Unaudited Condensed Consolidated Statements of Stockholders’ Equity

(in thousands)

For the Three Months Ended September 30, 2026 and 2025


	Common Stock
	Shares	Amount		Additional Paid-In Capital		Retained Earnings		Total Stockholders' Equity
Balance at June 30, 2026	28,433	$	284	$	318,276	$	2,247,191	$	2,565,751
Settlement of stock-based compensation awards	3		—		—		—		—
Withholding of common stock upon settlement of stock-based compensation awards	(1)		—		(81)		—		(81)
Repurchases of common stock	(170)		(1)		(11,582)		—		(11,583)
Excise tax on repurchases of common stock	—		—		(115)		—		(115)
Stock-based compensation expense			—		3,461		—		3,461
Cash dividends declared and dividend equivalents	—		—		202		(9,254)		(9,052)
Net income	—		—		—		12,617		12,617
Balance at September 30, 2026	28,265	$	283	$	310,161	$	2,250,554	$	2,560,998


Balance at June 30, 2025	29,680	$	297	$	414,002	$	2,149,692	$	2,563,991
Settlement of stock-based compensation awards	2		—		—		—		—
Withholding of common stock upon settlement of stock-based compensation awards	(1)		—		(55)		—		(55)
Repurchases of common stock	(297)		(3)		(20,003)		—		(20,006)
Excise tax on repurchases of common stock	—		—		(190)		—		(190)
Stock-based compensation expense	—		—		5,486		—		5,486
Cash dividends declared and dividend equivalents	—		—		251		(8,858)		(8,607)
Net income	—		—		—		37,403		37,403
Balance at September 30, 2025	29,384	$	294	$	399,491	$	2,178,237	$	2,578,022

For the Nine Months Ended September 30, 2026 and 2025


	Common Stock
	Shares	Amount		Additional Paid-In Capital		Retained Earnings		Total Stockholders' Equity
Balance at December 31, 2025	29,051	$	291	$	385,962	$	2,205,479	$	2,591,732
Settlement of stock-based compensation awards	577		5		(5)		—		—
Withholding of common stock upon settlement of stock-based compensation awards	(223)		(2)		(15,360)		—		(15,362)
Repurchases of common stock	(1,140)		(11)		(71,187)		—		(71,198)
Excise tax on repurchases of common stock	—		—		(470)		—		(470)
Stock-based compensation expense	—		—		10,641		—		10,641
Cash dividends declared and dividend equivalents	—		—		580		(28,099)		(27,519)
Net income	—		—		—		73,174		73,174
Balance at September 30, 2026	28,265	$	283	$	310,161	$	2,250,554	$	2,560,998


Balance at December 31, 2024	30,961	$	310	$	526,959	$	2,093,587	$	2,620,856
Settlement of stock-based compensation awards	584		5		(5)		—		—
Withholding of common stock upon settlement of stock-based compensation awards	(227)		(2)		(17,289)		—		(17,291)
Repurchases of common stock	(1,934)		(19)		(123,603)		—		(123,622)
Excise tax on repurchases of common stock	—		—		(970)		—		(970)
Stock-based compensation expense	—		—		13,720		—		13,720
Cash dividends declared and dividend equivalents	—		—		679		(26,991)		(26,312)
Net income	—		—		—		111,641		111,641
Balance at September 30, 2025	29,384	$	294	$	399,491	$	2,178,237	$	2,578,022

See Notes to Unaudited Condensed Consolidated Financial Statements

Table of Contents

Century Communities, Inc.

Notes to Unaudited Condensed Consolidated Financial Statements

September 30, 2026

1. Basis of Presentation

Century Communities, Inc. (which we refer to as “we,” “CCS,” or the “Company”), together with its subsidiaries, is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 16 states. In many of our projects, in addition to building homes, we entitle and develop the underlying land. We build and sell homes under our Century Communities and Century Complete brands. Our Century Communities brand has an emphasis on serving the affordable homebuilding market but offers a wide range of buyer profiles including: entry-level, first and second time move-up, and lifestyle homebuyers, and provides our homebuyers with the limited ability to personalize their homes through certain option and upgrade selections. Our Century Complete brand targets entry-level homebuyers, primarily sells homes through retail studios, centralized locations, and the internet, and generally provides no option or upgrade selections.

Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Century Complete. Our indirect wholly-owned subsidiaries, Inspire Home Loans Inc., Parkway Title, LLC, IHL Home Insurance Agency, LLC, and IHL Escrow Inc., which provide mortgage, title, insurance brokerage and escrow services, respectively, primarily to our homebuyers, have been identified as our Financial Services segment. Additionally, our Century Living segment is engaged in the development, construction, management, and sales of multi-family rental properties, currently all located in Colorado.

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (which we refer to as “GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (which we refer to as the “SEC”). In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments necessary for a fair presentation of our financial position and results of operations for the periods presented. Interim results of operations are not necessarily indicative of the results that may be achieved for the full year. The financial statements and related notes do not include all information and footnotes required by GAAP and should be read in conjunction with the consolidated financial statements for the year ended December 31, 2025, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 that was filed with the SEC on January 29, 2026.

Principles of Consolidation

The condensed consolidated financial statements include the accounts of the Company, and all subsidiaries in which we have a controlling interest, as well as variable interest entities for which the Company is deemed to be the primary beneficiary. We do not have any variable interest entities in which we are deemed the primary beneficiary.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates.

Reclassification

Certain prior period amounts have been reclassified to conform to current period presentation, including the presentation of inventory impairment. Beginning in the fourth quarter of 2025, inventory impairment was reclassified to be included in cost of home sales revenues in our condensed consolidated statements of operations rather than presented as a separate line item. These reclassifications have not changed the results of operations of prior periods.

Recently Issued Accounting Standards

In November 2024, the Financial Accounting Standards Board (which we refer to as “FASB”) issued Accounting Standards Update (which we refer to as “ASU”) No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), which requires disclosure of certain costs and expenses on an interim and annual basis in the notes to the financial statements. ASU 2024-03 will become effective for us for the fiscal year ending December 31, 2027. Early adoption is permitted, and guidance should be applied prospectively, with an option to apply guidance retrospectively. We are currently evaluating the impact of the adoption of ASU 2024-03 on our consolidated financial statements and related disclosures.

Table of Contents

Subsequent Event

On October 7, 2026, we completed the acquisition of substantially all of the assets and assumed certain liabilities of HMH Lifestyles, L.P., doing business as HistoryMaker Homes ("HMH"), a homebuilder with operations in the greater Dallas, Texas area, for initial cash consideration of approximately $160.2 million, subject to customary holdbacks and post-closing adjustments based on the final closing balance sheet. The acquisition expands our presence within our Texas segment, adding 29 active communities. Because the acquisition was completed subsequent to September 30, 2026, the acquired assets and assumed liabilities are not reflected in the accompanying condensed consolidated financial statements. As of the date these financial statements were issued, the valuation analyses necessary to determine the fair values of certain acquired assets and assumed liabilities remain incomplete. Accordingly, the initial accounting for the acquisition has not been finalized, and certain disclosures required by ASC 805, Business Combinations, including the allocation of the purchase price among the acquired assets and assumed liabilities and the resulting amounts of identifiable intangible assets and goodwill, are not yet available. We expect to complete the purchase accounting during the measurement period as the necessary information becomes available and the related analyses are finalized.

2. Reporting Segments

Our homebuilding operations are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 16 states. We build and sell homes under our Century Communities and Century Complete brands. Our Century Communities brand is managed by geographic location, and each of our four geographic regions offers a wide range of buyer profiles including: entry-level, first and second time move-up, and lifestyle homebuyers, and provides our homebuyers with the limited ability to personalize their homes through certain option and upgrade selections. Each of our four geographic regions is considered a separate operating segment. Our Century Complete brand targets entry-level homebuyers, primarily sells homes through retail studios, centralized locations, and the internet, and generally provides no option or upgrade selections. Our Century Complete brand has operations in 10 states and is managed separately from our four geographic regions, and it is considered a separate operating segment.

We have presented our homebuilding operations as the following reportable segments as of September 30, 2026:

West (California and Washington)

Mountain (Arizona, Colorado, Nevada, and Utah)

Texas

Southeast (Florida, Georgia, North Carolina, South Carolina, and Tennessee)

Century Complete (Alabama, Arizona, Florida, Georgia, Indiana, Kentucky, Michigan, Nevada, North Carolina, and South Carolina)

We have identified our Financial Services operations, which provide mortgage, title, insurance brokerage and escrow services to our homebuyers, and Century Living, which is engaged in the development, construction, management, and sales of multi-family rental properties currently all located in Colorado, as reportable segments.

Our Corporate operations are a non-operating segment, as it serves to support our homebuilding operations, and to a lesser extent our Financial Services operations, through various functions, such as our executive, finance, treasury, human resources, accounting and legal departments.

Our Executive Chairman and our Chief Executive Officer, collectively, have been determined to be our Chief Operating Decision Makers (“CODMs”) to make key operating decisions and assess performance. The management of our four Century Communities geographic regions, Century Complete, our Financial Services segment, and our Century Living segment reports to our CODMs. The CODMs evaluate the segment’s operating performance and allocate resources for all of our reportable segments based on income before income tax expense. For all of the segments, the CODMs use segment income before income tax expense in the annual budget and forecasting process. The CODMs consider budget-to-actual forecast variances for income before tax expense on a monthly basis for evaluating performance of each segment and making decisions about allocating capital and other resources to each segment. The measure of segment assets is reported on the condensed consolidated balance sheets as total assets. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

Table of Contents

The following tables summarize total revenue, significant expenses, and income (loss) before income tax expense by segment (in thousands):


	Three Months Ended September 30, 2026
		West		Mountain		Texas		Southeast		Century Complete		Financial Services		Century Living		Corporate		Total
Revenues	$	153,134	$	180,338	$	154,563	$	120,885	$	234,396	$	21,151	$	—	$	—	$	864,467
Cost of home sales revenues		(149,906)		(153,055)		(127,790)		(97,977)		(190,431)		—		—		3,077		(716,082)
Financial services costs		—		—		—		—		—		(14,962)		—		—		(14,962)
Selling, general and administrative expense		(16,467)		(19,599)		(19,444)		(13,312)		(23,019)		—		(279)		(26,717)		(118,837)
Other segment items⁽¹⁾		(215)		(962)		(406)		(561)		(47)		—		124		3,316		1,249
Income (loss) before tax expense	$	(13,454)	$	6,722	$	6,923	$	9,035	$	20,899	$	6,189	$	(155)	$	(20,324)	$	15,835


	Three Months Ended September 30, 2025
		West		Mountain		Texas		Southeast		Century Complete		Financial Services		Century Living		Corporate		Total
Revenues	$	218,149	$	208,058	$	135,150	$	175,162	$	224,407	$	19,358	$	—	$	—	$	980,284
Cost of home sales revenues		(177,720)		(167,994)		(115,267)		(144,944)		(180,899)		—		—		3,078		(783,746)
Financial services costs		—		—		—		—		—		(16,371)		—		—		(16,371)
Selling, general and administrative expense		(17,999)		(18,653)		(14,590)		(15,679)		(22,953)		—		(488)		(29,533)		(119,895)
Other segment items⁽¹⁾		(1,224)		(6,608)		(196)		(1,347)		(426)		—		190		(2,823)		(12,434)
Income (loss) before tax expense	$	21,206	$	14,803	$	5,097	$	13,192	$	20,129	$	2,987	$	(298)	$	(29,278)	$	47,838


	Nine Months Ended September 30, 2026
		West		Mountain		Texas		Southeast		Century Complete		Financial Services		Century Living		Corporate		Total
Revenues	$	493,990	$	538,799	$	417,153	$	416,327	$	646,107	$	68,991	$	—	$	—	$	2,581,367
Cost of home sales revenues		(436,795)		(449,544)		(340,616)		(310,096)		(521,018)		—		—		3,328		(2,054,741)
Financial services costs		—		—		—		—		—		(45,261)		—		—		(45,261)
Selling, general and administrative expense		(49,581)		(58,825)		(54,233)		(42,903)		(68,963)		—		(852)		(86,978)		(362,335)
Other segment items⁽¹⁾		(993)		(1,497)		(2,066)		(23,465)		(849)		—		649		7,425		(20,796)
Income (loss) before tax expense	$	6,621	$	28,933	$	20,238	$	39,863	$	55,277	$	23,730	$	(203)	$	(76,225)	$	98,234


	Nine Months Ended September 30, 2025
		West		Mountain		Texas		Southeast		Century Complete		Financial Services		Century Living		Corporate		Total
Revenues	$	601,763	$	639,476	$	419,252	$	482,082	$	680,001	$	61,666	$	—	$	—	$	2,884,240
Cost of home sales revenues		(478,680)		(519,295)		(346,087)		(394,939)		(558,393)		—		—		1,210		(2,296,184)
Financial services costs		—		—		—		—		—		(50,095)		—		—		(50,095)
Selling, general and administrative expense		(52,104)		(57,400)		(49,121)		(46,404)		(70,412)		—		(869)		(93,181)		(369,491)
Other segment items⁽¹⁾		(3,389)		(9,418)		(470)		(2,180)		(2,249)		—		605		(3,930)		(21,031)
Income (loss) before tax expense	$	67,590	$	53,363	$	23,574	$	38,559	$	48,947	$	11,571	$	(264)	$	(95,901)	$	147,439

⁽¹⁾Includes cost of land sales and other revenues, and other income (expense).

Table of Contents

The following table summarizes total assets by segment (in thousands):



	September 30,		December 31,
	2026		2025
West	$	874,109	$	891,808
Mountain		1,019,838		941,617
Texas		988,646		891,763
Southeast		676,566		581,228
Century Complete		465,504		389,954
Financial Services		320,710		436,515
Century Living		250,338		198,815
Corporate		194,314		128,195
Total assets	$	4,790,025	$	4,459,895

Century Living assets primarily include multi-family rental properties under construction and properties that are in lease-up, which are included in prepaid and other assets on the condensed consolidated balance sheets. Corporate assets include primarily costs associated with certain prepaids and other assets, including prepaid insurance, certain property and equipment, deferred tax assets, certain receivables, and certain cash and cash equivalents.

3. Inventories

Inventories included the following (in thousands):



	September 30,		December 31,
	2026		2025
Homes under construction	$	1,554,828	$	1,213,810
Land and land development		2,076,646		2,046,438
Capitalized interest		112,549		100,910
Total inventories	$	3,744,023	$	3,361,158

4. Financial Services

Our Financial Services are principally comprised of our mortgage lending operations, Inspire Home Loans Inc. (which we refer to as “Inspire”). Inspire is a full-service mortgage lender and primarily originates mortgage loans for our homebuyers. Inspire sells substantially all of the loans it originates either as loans with servicing rights released, or with servicing rights retained, in the secondary mortgage market within a short period of time after origination, generally within 30 days. Inspire primarily finances these loans using its mortgage repurchase facilities.

Mortgage loans held for sale and mortgage servicing rights are carried at fair value, with gains and losses from the changes in fair value reflected in financial services revenue on the condensed consolidated statements of operations. Management believes carrying mortgage loans held for sale at fair value improves financial reporting by mitigating volatility in reported earnings caused by measuring the fair value of the loans and the derivative instruments used to economically hedge them. As of September 30, 2026 and December 31, 2025, Inspire had mortgage loans held for sale with an aggregate fair value of $186.5 million and $299.1 million, respectively, and an aggregate outstanding principal balance of $200.2 million and $304.9 million, respectively. The change in fair value for mortgage loans held for sale resulted in a loss of $9.0 million and $8.0 million for the three and nine months ended September 30, 2026, respectively, and resulted in a loss of $0.4 million and a gain of $1.5 million for the three and nine months ended September 30, 2025 respectively. The total unpaid principal balance of mortgage loans serviced at September 30, 2026 and December 31, 2025 was $2.2 billion and $769.4 million, respectively. Refer to Note 12 – Fair Value Disclosures for further information regarding our mortgage loans held for sale and mortgage servicing rights.

Net gains and losses from the sale of mortgage loans held for sale are included in financial services revenue on the condensed consolidated statements of operations, and include (1) net gains or losses on sale of loans, which are recognized based upon the difference between the sales proceeds and carrying value of the related loans upon sale, with sale proceeds reflecting the cash received from investors through the sale of the mortgage loan and servicing release premium; (2) the fair value of originated mortgage servicing rights; (3) the change in fair value of mortgage loans held for sale; (4) the change in fair value of derivatives instruments, including interest rate lock commitments and forward commitments on mortgage-backed securities; (5) provision for investor reserves; and (6) fees earned from originating mortgage loans. Fees earned from originating mortgage loans, which are recognized at the time the mortgage loans are funded, include origination fees, commitment fees, and discount points, net of credits. Net gains on the sale of mortgage loans were

Table of Contents

$13.1 million and $47.3 million for the three and nine months ended September 30, 2026, respectively, and were $11.7 million and $39.9 million for the three and nine months ended September 30, 2025, respectively.

Mortgage loans in process for which interest rates were locked by borrowers, or interest rate lock commitments, had an aggregate principal balance of $152.6 million and $67.5 million as of September 30, 2026 and December 31, 2025, respectively, and carried a weighted average interest rate of approximately 4.9% and 4.7%, respectively. Interest rate risks related to these obligations are typically mitigated through our interest rate hedging program or by the preselling of loans to investors. Derivative instruments used to economically hedge our market and interest rate risk are carried at fair value. Derivative instruments typically include interest rate lock commitments and forward commitments on mortgage-backed securities. Changes in fair value of these derivatives as well as any gains or losses upon settlement, are reflected in financial services revenue on our condensed consolidated statements of operations. Refer to Note 12 – Fair Value Disclosures for further information regarding our derivative instruments.

5. Prepaid Expenses and Other Assets

Prepaid expenses and other assets included the following (in thousands):


	September 30,		December 31,
	2026		2025
Prepaid insurance	$	41,214	$	33,811
Lot option and escrow deposits		84,580		92,085
Performance deposits		9,804		10,626
Restricted cash⁽¹⁾		23,718		30,111
Multi-family rental properties inventory⁽²⁾		241,704		188,543
Mortgage servicing rights		34,534		11,375
Right-of-use assets		11,180		10,944
Other assets and prepaid expenses		80,847		58,188
Total prepaid expenses and other assets	$	527,581	$	435,683

⁽¹⁾Restricted cash consists of earnest money deposits for home sale contracts held by third parties as required by various jurisdictions, restricted cash related to land development, and certain compensating balances associated with our mortgage repurchase facilities and other financing obligations.

⁽²⁾Multi-family rental properties inventory includes multi-family rental properties that are under construction and those in lease-up.

6. Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities included the following (in thousands):



	September 30,		December 31,
	2026		2025
Earnest money deposits	$	5,258	$	5,117
Warranty reserve		12,619		14,107
Self-insurance reserve		43,893		42,119
Accrued compensation costs		62,694		72,880
Land development and home construction accruals		107,025		110,431
Accrued interest		7,134		19,116
Income taxes payable		—		3,765
Lease liabilities - operating leases		11,628		11,611
Other accrued liabilities		23,621		31,456
Total accrued expenses and other liabilities	$	273,872	$	310,602

Table of Contents

7. Warranties

Estimated future direct warranty costs are accrued and charged to cost of home sales revenues in the period when the related home sales revenues are recognized. Amounts accrued, which are included in accrued expenses and other liabilities on the condensed consolidated balance sheets, are based upon historical experience rates. As of September 30, 2026 and December 31, 2025, our warranty reserve was $12.6 million and $14.1 million, respectively. We subsequently assess the adequacy of our warranty accrual on a quarterly basis through a model that incorporates historical payment trends and we adjust the amounts recorded, if necessary. Based on warranty payment trends relative to our estimates at the time of home closing, we reduced our warranty reserve by $0.9 million and $4.5 million during the three and nine months ended September 30, 2026, respectively, which is included as a reduction to cost of home sales revenues on our condensed consolidated statements of operations. We reduced our warranty reserve by $0.1 million and $1.4 million during the three and nine months ended September 30, 2025, respectively.

8. Self-Insurance Reserve

We maintain general liability insurance coverage, including coverage for certain construction defects after homes have been delivered and premises operations during construction. These insurance policies are designed to protect us against a portion of the risk of loss from claims, subject to certain self-insured per occurrence and aggregate retentions, deductibles, and available policy limits. We reserve for costs associated with such claims on an undiscounted basis at the time revenue is recognized for each home closing. Amounts accrued, which are included in accrued expenses and other liabilities on the condensed consolidated balance sheets, are based upon third party actuarial analyses that are primarily based on industry data and partially on our historical claims, and include estimates of claims incurred but not yet reported. Adjustments to estimated reserves are recorded in the period in which the change in estimate occurs. Our self-insurance liability is presented on a gross basis without consideration of insurance recoveries and amounts we have paid on behalf of and expect to recover from other parties, if any. Estimates of insurance recoveries and amounts we have paid on behalf of and expect to recover from other parties, if any, are recorded as receivables when such recoveries are considered probable. Based on a third-party actuarial analysis, we reduced our self-insurance reserve by $3.7 million during the three and nine months ended September 30, 2026, and we increased our self-insurance reserve by $1.3 million during the three and nine months ended September 30, 2025. Any adjustments to our self-insurance reserve are included in cost of home sales revenues on our condensed consolidated statements of operations.

Changes in our self-insurance reserve for the three and nine months ended September 30, 2026 and 2025 are detailed in the table below (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Beginning balance	$	45,584	$	37,242	$	42,119	$	32,970
Self-insurance expense provisions		2,534		2,778		7,514		8,120
Payments		(512)		(2,008)		(2,027)		(3,078)
Self-insurance adjustment		(3,713)		1,317		(3,713)		1,317
Ending balance	$	43,893	$	39,329	$	43,893	$	39,329

9. Debt

Our outstanding debt obligations included the following as of September 30, 2026 and December 31, 2025 (in thousands):


	September 30,		December 31,
	2026		2025
3.875% senior notes, due August 2029⁽¹⁾	$	497,780	$	497,201
6.625% senior notes, due September 2033⁽¹⁾		494,002		493,355
Construction loan agreements		129,450		90,269
Other financing obligations⁽²⁾		44,089		21,551
Notes payable		1,165,321		1,102,376
Revolving line of credit		456,000		51,500
Mortgage repurchase facilities		191,266		289,269
Total debt	$	1,812,587	$	1,443,145

Table of Contents

⁽¹⁾The carrying value of senior notes reflects the impact of premiums and/or discounts (if applicable), and issuance costs that are amortized to interest expense over the respective terms of the senior notes.

⁽²⁾As of September 30, 2026 and December 31, 2025, other financing obligations included certain secured borrowings and insurance premium notes, which bore a weighted average interest rate of 6.3% and 5.8%, respectively.

3.875% Senior Notes Due 2029

As of September 30, 2026, we had outstanding $500.0 million in aggregate principal amount of our 3.875% Senior Notes due 2029 (the “2029 Notes”), which principal balance is due in August 2029. Prior to that date, interest only payments are due semi-annually in February and August of each year. These notes were issued under an indenture which contains certain restrictive covenants on issuing future secured debt and other transactions, and contains various optional redemption provisions to redeem the 2029 Notes, in whole or in part, at a time before, on, or after, February 15, 2029, and a put provision triggered by certain change of control events. As of September 30, 2026, the aggregate obligation, inclusive of unamortized financing costs on these notes, was $497.8 million.

6.625% Senior Notes Due 2033

As of September 30, 2026, we had outstanding $500.0 million in aggregate principal amount of our 6.625% Senior Notes due 2033 (the “2033 Notes”), which principal balance is due in September 2033. Prior to that date, interest only payments are due semi-annually in March and September of each year. These notes were issued under an indenture which contains certain restrictive covenants on issuing future secured debt and other transactions, and contains various optional redemption provisions to redeem the 2033 Notes, in whole or in part, at a time before, on, or after, September 15, 2028, and a put provision triggered by certain change of control events. As of September 30, 2026, the aggregate obligation, inclusive of unamortized financing costs on these notes, was $494.0 million.

Construction Loan Agreements

Certain wholly owned subsidiaries of Century Living, LLC are parties to secured construction loan agreements with various banks (which we collectively refer to as “the lenders”). These construction loan agreements collectively provide that we may borrow up to an aggregate of $140.1 million from the lenders for purposes of construction of multi-family projects in Colorado, with advances made by the lenders upon the satisfaction of certain conditions. Portions of the obligations under the secured construction loan agreements are guaranteed by us. Borrowings under the construction loan agreements bear interest at various rates, including floating interest rates per annum equal to the Secured Overnight Financing Rate (which we refer to as “SOFR”) plus an applicable margin. The outstanding principal balances and all accrued and unpaid interest is due on varying maturity dates from December 31, 2026 through February 28, 2029, with certain of the construction loan agreements allowing for the option to extend the maturity dates for a period of 12 months if certain conditions are satisfied. The construction loan agreements contain customary affirmative and negative covenants (including covenants related to construction completion, and limitations on the use of loan proceeds, transfers of land, equipment, and improvements), as well as customary events of default. Interest on our construction loan agreements is capitalized to the multi-family properties assets included in prepaid expenses and other assets on the condensed consolidated balance sheets while the related multi-family rental properties are being actively developed.

As of September 30, 2026 and December 31, 2025, $129.5 million and $90.3 million was outstanding under the construction loan agreements respectively, with borrowings that bore a weighted average interest rate of 6.1% and 6.1% as of September 30, 2026 and December 31, 2025, respectively, and we were in compliance with all covenants thereunder.

Revolving Line of Credit

On September 30, 2026, we entered into a First Amendment to Credit Agreement (the “First Amendment”) with the lenders party thereto and U.S. Bank National Association, as Administrative Agent, amending the Credit Agreement, dated as of November 1, 2024, among us, the lenders party thereto, U.S. Bank National Association, as Administrative Agent, and the other banks party thereto (as amended, supplemented or otherwise modified to the date hereof, including by the First Amendment, the “Credit Agreement”).

Table of Contents

accrued unpaid interest and other amounts owing thereunder, if any, will be payable in full on such date. Subject to the terms and conditions of the Credit Agreement, we may request once per year a one-year extension of the maturity date, with up to three such extensions permitted during the term of the revolving line of credit, subject to the approval of the lenders and the Administrative Agent. The Credit Agreement contains customary affirmative and negative covenants (including limitations on our ability to grant liens, incur additional debt, pay dividends, redeem our common stock, make certain investments, issue certain equity securities, engage in transactions with affiliates and engage in certain merger, consolidation or asset sale transactions), as well as customary events of default. Borrowings under the Credit Agreement bear interest at a floating rate equal to Term SOFR or Daily Simple SOFR (in each case as defined in the Credit Agreement), plus an applicable margin between 1.45% and 2.30% per annum, or if selected by us, a base rate plus an applicable margin between 0.45% and 1.30% per annum. The “applicable margins” described above are determined by a schedule based on our leverage ratio, as defined in the Credit Agreement. The Credit Agreement also provides for customary fees including commitment fees payable to each lender ranging from 0.20% to 0.35% per annum based on our leverage ratio of the unused portion of the revolving line of credit and other customary fees.

As of September 30, 2026 and December 31, 2025, $456.0 million and $51.5 million, respectively, was outstanding under the revolving line of credit, with borrowings that bore an interest rate of 5.3% and 5.2%, respectively, and we were in compliance with all covenants under the Credit Agreement.

Mortgage Repurchase Facilities – Financial Services

Inspire is party to mortgage warehouse facilities with J.P. Morgan Chase Bank, N.A. and U.S. Bank National Association, which provide Inspire with uncommitted repurchase facilities, and Truist Bank, which provides Inspire with a committed repurchase facility, collectively providing up to an aggregate of $300.0 million as of September 30, 2026, secured by the mortgage loans financed thereunder. The repurchase facilities have varying short term maturity dates through May 28, 2027. Borrowings under the mortgage repurchase facilities bear interest at variable interest rates per annum equal to SOFR plus an applicable margin, and bore a weighted average interest rate of 5.4% and 5.4% as of September 30, 2026 and December 31, 2025, respectively.

Amounts outstanding under the repurchase facilities are not guaranteed by us or any of our subsidiaries, and the agreements contain various affirmative and negative covenants applicable to Inspire that are customary for arrangements of this type. As of September 30, 2026 and December 31, 2025, we had $191.3 million and $289.3 million outstanding under the repurchase facilities, respectively, and were in compliance with all covenants thereunder.

10. Interest on Senior Notes and Revolving Line of Credit

Interest on our senior notes and revolving line of credit, if applicable, is capitalized to homebuilding inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the three and nine months ended September 30, 2026 and 2025, we capitalized all interest costs incurred on these facilities during these periods.

Our interest costs were as follows (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Interest capitalized beginning of period	$	107,829	$	93,940	$	100,910	$	84,325
Interest capitalized during period		20,593		20,973		57,024		57,577
Less: capitalized interest in cost of sales		(15,873)		(15,005)		(45,385)		(41,994)
Interest capitalized end of period	$	112,549	$	99,908	$	112,549	$	99,908

11. Income Taxes

At the end of each interim period, we are required to estimate our annual effective tax rate for the fiscal year and to use that rate to provide for income taxes for the current year-to-date reporting period. Our 2026 estimated annual effective tax rate, before discrete items, of 26.0%, is driven by our blended federal and state statutory rate of 24.6%, and certain permanent differences between GAAP and tax, including disallowed deductions for executive compensation, partially offset by estimated federal energy home credits for current year home deliveries, which combined resulted in a net increase in our effective tax rate of 1.4%.

For the nine months ended September 30, 2026, our estimated annual rate of 26.0% was impacted by discrete items which decreased our rate by 0.5%, primarily reflecting favorable adjustments to prior-year income tax estimates upon completion of our federal income tax return.

Table of Contents

On July 4, 2025, H.R.1, the One Big Beautiful Bill Act, was signed into law, which disallows Section 45L tax credits for new energy-efficient homes delivered after June 30, 2026. As a result, our income tax expense and effective tax rate for 2026 will not reflect a benefit from such tax credits related to homes delivered after June 30, 2026.

For the three months ended September 30, 2026 and 2025, we recorded income tax expense of $3.2 million and $10.4 million, respectively. For the nine months ended September 30, 2026 and 2025, we recorded income tax expense of $25.1 million and $35.8 million, respectively.

12. Fair Value Disclosures

Fair value measurements are used for the Company’s mortgage loans held for sale, mortgage servicing rights, interest rate lock commitments and other derivative instruments on a recurring basis. We also utilize fair value measurements on a non-recurring basis for inventories and intangible assets when events and circumstances indicate that the carrying value is not recoverable. The fair value hierarchy and its application to the Company’s assets and liabilities is as follows:

Level 1 – Quoted prices for identical instruments in active markets.

Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at the measurement date.

Mortgage loans held for sale – Fair value is based on quoted market prices for committed and uncommitted mortgage loans.

Derivative assets and liabilities – Derivative assets are associated with interest rate lock commitments and investor commitments on loans and may also be associated with forward mortgage-backed securities contracts. Derivative liabilities are associated with forward mortgage-backed securities contracts. Fair value is based on market prices for similar instruments.

Level 3 – Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at the measurement date.

Mortgage servicing rights - The fair value of the mortgage servicing rights is calculated using third-party valuations. The key assumptions, which are generally unobservable inputs, used in the valuation of the mortgage servicing rights include mortgage prepayment rates, discount rates and cost to service.

The following outlines the Company’s assets and liabilities measured at fair value on a recurring basis at September 30, 2026 and December 31, 2025, respectively (in thousands):



			September 30,		December 31,
	Balance Sheet Classification	Hierarchy	2026		2025
Mortgage loans held for sale	Mortgage loans held for sale	Level 2	$	186,506	$	299,145
Mortgage servicing rights ⁽¹⁾	Prepaid expenses and other assets	Level 3	$	34,534	$	11,375
Derivative assets	Prepaid expenses and other assets	Level 2	$	8,629	$	2,157
Derivative liabilities	Accrued expenses and other liabilities	Level 2	$	—	$	519

⁽¹⁾The unobservable inputs used in the valuation of the mortgage servicing rights include mortgage prepayment rates, discount rates and cost to service, which were a weighted average of 7.7%, 12.5%, and $79 per year per loan, respectively, as of September 30, 2026, and 7.8%, 10.4%, and $80 per year per loan, respectively, as of December 31, 2025. The high and low end of the range of unobservable inputs used in the valuation did not result in a significant change to the fair value measurement.

Table of Contents

The following table represents the reconciliation of the beginning and ending balance for the Level 3 recurring fair value measurements, with gains and losses from the changes in fair value reflected in financial services revenue on our condensed consolidated statements of operations (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
Mortgage servicing rights		2026		2025		2026		2025
Beginning of period	$	25,783	$	1,215	$	11,375	$	42,404
Originations		8,373		3,758		22,662		8,686
Settlements		(275)		(60)		(720)		(1,564)
Sales		—		—		—		(47,305)
Changes in fair value		653		977		1,217		3,669
End of period	$	34,534	$	5,890	$	34,534	$	5,890

For the financial assets and liabilities that the Company does not reflect at fair value, the following table presents both their respective carrying value and fair value at September 30, 2026 and December 31, 2025, respectively (in thousands). The fair values of cash and cash equivalents, cash held in escrow, and restricted cash approximate their carrying values and are classified as Level 1 within the fair value hierarchy, and are not presented in the table below.



		September 30, 2026				December 31, 2025
	Hierarchy	Carrying		Fair Value		Carrying		Fair Value
3.875% senior notes ⁽¹⁾⁽²⁾	Level 2	$	497,780	$	461,900	$	497,201	$	473,750
6.625% senior notes ⁽¹⁾⁽²⁾	Level 2	$	494,002	$	480,650	$	493,355	$	503,150
Construction loan agreements⁽³⁾⁽⁴⁾	Level 3	$	129,450	$	129,450	$	90,269	$	90,269
Other financing obligations⁽³⁾⁽⁵⁾	Level 3	$	44,089	$	44,089	$	21,551	$	21,551
Revolving line of credit⁽³⁾	Level 2	$	456,000	$	456,000	$	51,500	$	51,500
Mortgage repurchase facilities⁽³⁾	Level 2	$	191,266	$	191,266	$	289,269	$	289,269

⁽¹⁾Estimated fair value of the senior notes is based on recent trading activity in inactive markets.

⁽²⁾Carrying amounts include any associated unamortized deferred financing costs, premiums and discounts. As of September 30, 2026, these amounts totaled $2.2 million and $6.0 million for the 3.875% senior notes and 6.625% senior notes, respectively. As of December 31, 2025, these amounts totaled $2.8 million and $6.6 million for the 3.875% senior notes and 6.625% senior notes, respectively.

⁽³⁾Carrying amount approximates fair value due to short-term nature and/or interest rate terms.

⁽⁴⁾As of September 30, 2026 and December 31, 2025, construction loan agreements related to Century Living bore a weighted average interest rate of 6.1% and 6.1%, respectively.

⁽⁵⁾As of September 30, 2026 and December 31, 2025, other financing obligations related to certain secured borrowings and insurance premium notes, which bore a weighted average interest rate of 6.3% and 5.8%, respectively.

Non-financial assets and liabilities include items such as inventory and property and equipment that are measured at fair value when acquired and as a result of impairments, if deemed necessary.

During the three and nine months ended September 30, 2026, we determined that inventory with a carrying value before impairment of $62.3 million, comprised of six communities across our West, Texas, and Century Complete homebuilding segments, was not recoverable. Accordingly, we recognized inventory impairment charges of $19.6 million in order to record the inventory at fair value, consisting of $19.1 million, $0.2 million, and $0.3 million for our West, Texas, and Century Complete segments, respectively. Impairment charges primarily related to communities in which we are actively selling homes, driven by our decision to increase incentives in certain communities directed at improving our sales absorptions. During the three months ended September 30, 2025, we recorded impairment charges of $3.2 million related to three communities with a carrying value before impairment of $11.9 million, and during the nine months ended September 30, 2025, we recorded impairment charges of $11.0 million related to eight communities with a carrying value before impairment of $41.3 million. The estimated fair value of the communities was measured using a discounted cash flow approach with Level 3 inputs, and reflects estimated fair values in the periods the respective impairments were identified. When estimating future discounted cash flows, we have utilized a weighted-average discount rate of approximately 11% in our valuations during the three and nine months ended September 30, 2026, and 12% during the three and nine months ended September 30, 2025. Changes in our cash flow projections in future periods related to these communities may change our conclusions on the recoverability of inventory in the future.

Table of Contents

13. Stock-Based Compensation

During the nine months ended September 30, 2026 and 2025, we granted restricted stock units (which we refer to as “RSUs”) covering 0.4 million and 0.2 million shares of common stock, respectively, with a grant date fair value of $60.76 and $76.14 per share, respectively, that vest over a three year period. During the nine months ended September 30, 2026 and 2025, we granted 16.1 thousand and 16.0 thousand shares of common stock, respectively, on an unrestricted basis (which we refer to as “stock awards”) with a grant date fair value of $54.27 and $53.26 per share, respectively, to our non-employee directors.

During the nine months ended September 30, 2026 and 2025, we granted performance share units (which we refer to as “PSUs”) covering up to an aggregate of 0.5 million and 0.5 million shares of common stock, respectively, assuming maximum level of performance and market conditions are met with a weighted-average grant date fair value of $52.10 and $67.01 per share, respectively, that are subject to service, performance, and market vesting conditions. The quantity of shares that will vest and be issued upon settlement of the PSUs ranges from 0% to up to 250% of a targeted number of shares depending upon the participant and will be determined based on achievement of three-year cumulative revenue and three-year cumulative adjusted pre-tax income performance goals. The ultimate share payout may then be adjusted by a relative total stockholder return modifier based on our three-year cumulative total stockholder return (which we refer to as “TSR”) relative to the average TSR of all companies in a defined peer group, with the potential to decrease the payout by 10% or increase it by up to 20%. We utilize the Monte Carlo simulation model to determine the fair value of PSUs that contain market conditions, and stock-based compensation expense is recognized ratably for awards subject to market conditions regardless of whether the market condition is satisfied, provided that the requisite service period has been met.

During the nine months ended September 30, 2026 and 2025, we issued 0.4 million and 0.4 million shares of common stock, respectively, upon the settlement of PSUs based on final achievement of the performance level goals specified under the terms of the PSU awards granted in previous periods. Approximately 1.2 million shares will be issued upon settlement from 2027 to 2029 if the defined service and maximum performance targets under currently outstanding PSU awards are met and, for applicable PSU awards, if the defined maximum TSR conditions are met, and no shares will be issued upon settlement if the defined service or minimum performance targets are not met.

A summary of our nonvested awards, including PSUs, assuming the current estimated level of performance achievement, and RSUs, are as follows (in thousands, except years):


	September 30, 2026
Nonvested awards		1,042
Unrecognized compensation cost	$	42,231
Weighted-average years to recognize compensation cost		2.1

Stock-based compensation expense totaled $3.5 million and $5.5 million for the three months ended September 30, 2026 and 2025, respectively, and totaled $10.6 million and $13.7 million for the nine months ended September 30, 2026 and 2025, respectively. Stock-based compensation expense is included in selling, general, and administrative expense on our condensed consolidated statements of operations. Stock-based compensation expense for PSUs is initially estimated based on target performance achievement and then adjusted as appropriate throughout the respective three-year performance periods. Accordingly, future compensation cost associated with outstanding PSUs may increase or decrease based on the probability and extent of achievement with respect to the applicable performance measures. During the three and nine months ended September 30, 2026 and 2025, in accordance with ASC 718, Compensation—Stock Compensation, we updated our recognition of stock-based compensation expense associated with previously granted PSU awards to reflect probable financial results as they relate to the performance goals of the PSU awards. Our estimate of the number of shares which will ultimately vest and be issued upon settlement of certain PSU awards decreased by approximately 81 thousand shares during the three months ended September 30, 2026, and increased on a net basis by 23 thousand shares during the nine months ended September 30, 2026. During the three and nine months ended September 30, 2026, we recorded net cumulative adjustments to reduce stock-based compensation expense of $3.1 million ($2.4 million net of tax), or $0.09 per share (basic and diluted) and $7.2 million ($5.4 million net of tax), or $0.19 per share (basic and diluted), respectively. During the three and nine months ended September 30, 2025, our estimate of the number of shares expected to vest decreased approximately 0.1 million shares and 0.1 million shares, respectively. During the three and nine months ended September 30, 2025, we recorded cumulative net adjustments to reduce stock-based compensation expense of $1.4 million ($1.1 million net of tax) or $0.04 per basic share and diluted share, and $6.1 million ($4.7 million net of tax), and $0.15 per basic share and diluted share, respectively.

14. Stockholders’ Equity

The Company’s authorized capital stock consists of 100.0 million shares of common stock, par value $0.01 per share, and 50.0 million shares of preferred stock, par value $0.01 per share. As of September 30, 2026 and December 31, 2025, there were 28.3 million and 29.1 million shares of common stock issued and outstanding, respectively, and no shares of preferred stock outstanding.

Table of Contents

On May 4, 2022, the stockholders approved the adoption of the Century Communities, Inc. 2022 Omnibus Incentive Plan (which we refer to as the “2022 Incentive Plan”), which replaced the Century Communities, Inc. Amended and Restated 2017 Omnibus Incentive Plan (which we refer to as our “2017 Incentive Plan”). The 2022 Incentive Plan provides that 3.1 million shares of common stock are available for issuance to eligible participants under the plan, plus 51.2 thousand shares of our common stock that remained available for issuance under the 2017 Incentive Plan and any shares subject to awards outstanding under the 2017 Incentive Plan that were subsequently forfeited, cancelled, expired or otherwise terminated without the issuance of such shares. During the nine months ended September 30, 2026 and 2025, we issued 0.6 million and 0.6 million shares of common stock, respectively, related to the vesting and settlement of RSUs and PSUs. As of September 30, 2026, approximately 0.7 million shares of common stock remained available for issuance under the 2022 Incentive Plan, assuming maximum levels of performance achievement for nonvested PSUs.

The following tables set forth cash dividends declared by our Board of Directors to holders of record of our common stock during the three and nine months ended September 30, 2026 and 2025, respectively (dollars in thousands, except per share information):



			Nine Months Ended September 30, 2026
			Cash Dividends Declared and Paid
Declaration Date	Record Date	Payable Date	Per Share		Amount
February 4, 2026	February 25, 2026	March 11, 2026	$	0.32	$	9,313
May 6, 2026	May 27, 2026	June 10, 2026	$	0.32	$	9,154
August 12, 2026	August 26, 2026	September 9, 2026	$	0.32	$	9,052


			Nine Months Ended September 30, 2025
			Cash Dividends Declared and Paid
Declaration Date	Record Date	Payable Date	Per Share		Amount
February 5, 2025	February 26, 2025	March 12, 2025	$	0.29	$	8,922
May 7, 2025	May 28, 2025	June 11, 2025	$	0.29	$	8,783
August 13, 2025	August 27, 2025	September 10, 2025	$	0.29	$	8,607

Under the 2022 Incentive Plan, at the discretion of the Compensation Committee of the Board of Directors, RSUs and PSUs granted under the plan have the right to earn dividend equivalents, which entitles the holders of such RSUs and PSUs to additional RSUs and PSUs equal to the same dividend value per share as holders of common stock. Dividend equivalents are subject to the same vesting and other terms and conditions as the underlying RSUs and PSUs.

Our stock repurchase program authorizes us to repurchase up to 4.5 million shares of our outstanding common stock, of which 1.3 million shares remained available to be repurchased as of September 30, 2026. During the three and nine months ended September 30, 2026, an aggregate of 169.9 thousand shares and 1.1 million shares, respectively, were repurchased under our stock repurchase program for a total purchase price of approximately $11.6 million and $71.2 million, respectively, and a weighted average per share price of $68.16 and $62.45, respectively, excluding the excise tax accrued on our net share repurchases as a result of the Inflation Reduction Act of 2022. During the three and nine months ended September 30, 2025, an aggregate of 296.9 thousand shares and 1.9 million shares, respectively, were repurchased for a total purchase price of approximately $20.0 million and $123.6 million, respectively, and a weighted average per share price of $67.36 and $63.91, respectively.

During the nine months ended September 30, 2026 and 2025, shares of common stock at a total cost of $15.4 million and $17.3 million, respectively, were netted and surrendered as payment for minimum statutory withholding obligations in connection with the settlement of outstanding stock-based compensation awards. Shares surrendered by the participants in accordance with the applicable award agreements and plan are deemed repurchased and retired by us but are not part of our publicly announced stock repurchase program.

15. Earnings Per Share

We use the treasury stock method to calculate earnings per share as our currently issued non-vested RSUs and PSUs do not have participating rights.

Table of Contents

The following table sets forth the computation of basic and diluted earnings per share (which we refer to as “EPS”) for the three and nine months ended September 30, 2026 and 2025 (in thousands, except share and per share information):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Numerator
Net income	$	12,617	$	37,403	$	73,174	$	111,641
Denominator
Weighted average common shares outstanding - basic		28,363,406		29,645,795		28,722,425		30,266,752
Dilutive effect of stock-based compensation awards		112,862		373,358		52,089		344,259
Weighted average common shares outstanding - diluted		28,476,268		30,019,153		28,774,514		30,611,011
Earnings per share:
Basic	$	0.44	$	1.26	$	2.55	$	3.69
Diluted	$	0.44	$	1.25	$	2.54	$	3.65

Stock-based awards are excluded from the calculation of diluted EPS in the event they are subject to unsatisfied performance conditions or are antidilutive. We excluded 1.2 million and 1.1 million common stock unit equivalents from diluted earnings per share during the three and nine months ended September 30, 2026, respectively, and we excluded 0.7 million and 0.7 million common stock unit equivalents from diluted earnings per share during the three and nine months ended September 30, 2025, respectively, related to the PSUs for which performance conditions remained unsatisfied, assuming maximum levels of performance achievement. We excluded 0.0 million and 0.2 million antidilutive common stock unit equivalents from diluted earnings per share during the three and nine months ended September 30, 2026 and we excluded 0.3 million and 0.3 million antidilutive common stock unit equivalents from diluted earnings per share during the three and nine months ended September 30, 2025, respectively.

16. Commitments and Contingencies

Letters of Credit and Performance Bonds

Legal Proceedings

The Company and our subsidiaries and affiliates are subject to claims, lawsuits and other legal actions from time to time that arise primarily in the ordinary course of business, which consist mostly of construction claims, but also could include warranty, workers’ compensation, tort, breach of contract, employment, personal injury, and other similar claims. It is the opinion of management that if the construction or warranty claims have merit, parties other than the Company would be, at least in part, liable for the claims, and eventual outcome of these claims will not have a material adverse effect upon our consolidated financial condition, results of operations, or cash flows. When we believe that a loss is probable and estimable, we record the estimated amount to other accrued liabilities included in accrued expenses and other liabilities on the condensed consolidated balance sheet. We are also involved in other claims and/or legal proceedings for which a loss is reasonably possible, but for which we are unable to estimate a possible loss or range of loss due to evolving facts and inherent uncertainties.

Under various insurance policies, we have the ability to recoup costs in excess of applicable self-insured retentions. Estimates of such amounts are recorded in accounts receivable on our condensed consolidated balance sheet when recovery is probable.

We do not believe that the ultimate resolution of any claims, lawsuits and other legal actions will have a material adverse effect upon our consolidated financial position, results of operations, or cash flows.

Table of Contents

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

As used in this Quarterly Report on Form 10-Q (which we refer to as this “Form 10-Q”), references to “we,” “us,” “our,” “Century” or the “Company” refer to Century Communities, Inc., a Delaware corporation, and, unless the context otherwise requires, its subsidiaries and affiliates.

The following discussion and analysis of our financial condition and results of operations is intended to help the reader understand our Company, business, operations and present business environment and is provided as a supplement to, and should be read in conjunction with, our condensed consolidated financial statements and the related notes to those statements included elsewhere in this Form 10-Q and our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. We use certain non-GAAP financial measures that we believe are important for purposes of comparison to prior periods. This information is also used by our management to measure the profitability of our ongoing operations and analyze our business performance and trends.

Cautionary Note Regarding Forward-Looking Statements

Some of the statements included in this Form 10-Q constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, forecasts, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. These statements are only predictions. We caution that forward-looking statements are not guarantees. Actual results could differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements are typically identified by the use of terms such as “may,” “will,” “should,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “potential,” “outlook,” the negative of such terms and other comparable terminology and the use of future dates. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors.

The forward-looking statements included in this Form 10-Q reflect our current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from those expressed in any forward-looking statement. Statements regarding the following subjects, among others, may be forward-looking and subject to risks and uncertainties including among others:

the cyclical nature of the homebuilding industry, which is particularly susceptible to economic changes, either nationally or in the regional and local markets in which we operate, including continued elevated and recent and any future increases in interest rates and the resulting impact on the accessibility and cost of mortgage loans to homebuyers; persistent inflation; decreased employment levels and job insecurity concerns due in part to the rapid adoption of artificial intelligence; cautious consumer sentiment; affordability concerns; and increased recessionary conditions;

unstable economic and political conditions as well as geopolitical conflicts, including in the Middle East, which have adversely affected and could continue to adversely affect our supply chain by causing shortages or increases in costs for materials necessary to construct homes and/or increases to the price of gasoline and other fuels, and cause higher interest rates, inflation, reduced consumer confidence, general economic uncertainty, and/or other adverse effects;

other shortages of or increased prices for labor, land or raw materials used in housing construction and resource shortages, including as a result of, among other factors, supply chain disruptions, tariffs, and immigration laws or the enforcement thereof

the availability of qualified personnel and contractors and our ability to obtain additional or retain existing key personnel and contractor relationships and successfully transition key executive positions in the future;

the availability and price of land to acquire, and our ability to acquire such land on favorable terms or at all or dispose of it when appropriate or on favorable terms or at all;

a downturn in the homebuilding industry, including a reduction in demand for our homes, increased cancellation rates, or a decline in real estate values or market conditions resulting in an adverse impact on our business, operating results and financial condition, which may include a continued elevated use of sales incentives adversely affecting our margins and possible future additional impairment, lot abandonment, or restructuring charges;

changes in assumptions used to make industry forecasts, population growth or decline rates, or trends affecting housing availability, demand or prices;

the availability or cost of mortgage financing and the substantial increase in the use of adjustable-rate mortgages which involve additional risk since rates fluctuate based on current interest rates potentially leading to increased cancellation rates and foreclosure rates;

delays in land development, home construction or the completion of projects, or reduced consumer demand for housing, resulting from significant weather conditions or natural or manmade disasters in the geographic areas where we operate, regulatory or tax changes, or other events outside our control;

the impact of construction defect, product liability, and/or home warranty claims, including the adequacy of accruals and the applicability and sufficiency of our insurance coverage;

Table of Contents

the degree and nature of our competition, including the supply and pricing of new and existing homes and other housing alternatives, and recent consolidation within the homebuilding industry, and the effect on our business and operating results;

changes in, or the failure or inability to comply with, governmental laws and regulations and the evolving nature of such laws and regulations;

the timing of receipt of municipal, utility and other regulatory approvals and the opening of projects and construction and completion of our homes;

the impact and cost of compliance with evolving environmental, health and safety, and other laws and regulations and third-party challenges to required permits and other approvals and potential legal liability in connection therewith;

the ability of our homebuyers to obtain or afford homeowners or flood insurance policies, and/or typical or lender-required policies for other hazards or events, for their homes, which may depend on the ability and willingness of insurers or government-funded or -sponsored programs to offer coverage at an affordable price or at all;

our ability to continue to fund and succeed in our mortgage lending business and the additional risks involved in that business;

risks associated with and the success of our multi-family rental business;

our future business operations, operating results and financial condition; additional future impairment and restructuring charges; and changes in our business, investment and capital allocation strategy;

our leverage, debt service obligations, and exposure to changes in interest rates and our ability to obtain additional or refinance our existing debt when needed or on favorable terms;

volatility and uncertainty in the credit markets and broader financial markets and the impact on such markets and our ability to access them, including as a result of, among other factors, geopolitical conditions, U.S. government shutdowns, and in the event of a threatened or actual sovereign default;

availability, terms and deployment of our capital and possible challenges to our capital allocation;

the effect of and risks associated with recent and any future acquisitions, including the recent HistoryMaker Homes acquisition;

the effect of recent consolidation in the homebuilding industry and the effect on the competitive environment;

income tax expense variability due to, among other factors, the expiration of or changes in the availability and amount of federal home tax credits, and volatility associated with stock-based compensation;

our ability to continue to pay dividends and make stock repurchases in the future at current levels or at all;

taxation and tax policy changes, tax rate changes, new tax laws, or new or revised tax law interpretations or guidance;

the effect of recent federal housing legislation; and

the effect of a public health issue, such as a major epidemic or pandemic, on the economy and our business.

Forward-looking statements are based on our beliefs, assumptions and expectations of future events, taking into account all information currently available to us. Forward-looking statements are not guarantees of future events or of our performance. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. Some of these events and factors are described above and in this “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in “Part I, Item 1A. Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and other risks and uncertainties detailed in this report, including “Part II, Item 1A. Risk Factors,” and our other reports and filings with the SEC. If a change occurs, our business, financial condition, liquidity, cash flows and results of operations may vary materially from those expressed in or implied by our forward-looking statements. New risks and uncertainties arise over time, and it is not possible for us to predict the occurrence of those matters or the manner in which they may affect us. Except as required by law, we are not obligated to, and do not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Therefore, you should not rely on these forward-looking statements as of any date subsequent to the date of this Form 10-Q.

Table of Contents

Business Overview

Century is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 16 states. In many of our projects, in addition to building homes, we entitle and develop the underlying land. We build and sell homes under our Century Communities and Century Complete brands. Our Century Communities brand has an emphasis on serving the affordable homebuilding market but offers a wide range of buyer profiles including: entry-level, first and second time move-up, and lifestyle homebuyers, and provides our homebuyers with the limited ability to personalize their homes through certain option and upgrade selections. Our Century Complete brand targets entry-level homebuyers, primarily sells homes through retail studios, centralized locations, and the internet, and generally provides no option or upgrade selections.

While we offer homes that appeal to a broad range of entry-level, move-up, and lifestyle homebuyers, our offerings are heavily weighted towards providing affordable housing options in each of our homebuyer segments. Additionally, we prefer building move-in-ready homes over built-to-order homes, which we believe allows for a faster construction process, advantageous pricing with subcontractors, and shortened time period from home sale to home delivery, thus allowing our customers greater certainty on their financing and allowing us to more appropriately price the homes and deploy our capital. Of the 6,961 homes delivered during the first nine months of 2026, approximately 96% of homes delivered had purchase prices below the Federal Housing Administration-insured mortgage limits and approximately 98% of homes delivered were built as move-in ready homes.

Market conditions in the homebuilding industry have continued to be impacted by elevated mortgage rates, which increased further during the third quarter of 2026; macro-economic and geopolitical uncertainty; cautious homebuyer sentiment, especially in light of persistent inflation and rising commodity and oil prices; and ongoing affordability pressures for homebuyers. Against this backdrop, there remains an underlying need for affordable new homes, supported by solid demographic trends and an ongoing undersupply of homes. In response to market conditions, we have continued to provide, when necessary, incentive offerings across our communities, including discounts on base home prices, lot premiums, options and upgrades, and financing incentives, including interest rate buydowns and closing cost concessions. Further, during the first nine months of 2026, we experienced continued acceptance to adjustable-rate mortgages among our homebuyers, which adjustable-rate mortgages accounted for nearly 35% of the mortgages that we originated by volume of principal during third quarter of 2026, consistent with the second quarter of 2026, and an increase from first quarter 2026 levels of approximately 30% and well above first quarter 2025 levels of less than 5%.

We anticipate the homebuilding markets in each of our operating segments will continue to be tied to both the macro-economic environment and the local economy, and we expect our operating strategy will continue to adapt to market changes, though we cannot provide any assurance that our strategies will remain consistent or continue to be successful. We believe future demand for our homes remains uncertain as future economic, market and geopolitical conditions remain uncertain, in particular with respect to inflation and consumer confidence, both of which have been and may continue to be adversely affected by the conflict in the Middle East, especially if it persists or intensifies; continued elevated interest rates, which rose further during the third quarter of 2026, and the impact of potential future increases or decreases to the U.S. Federal funds interest rate by the U.S. Federal Reserve; availability and cost of mortgage loans to homebuyers; financial, credit and mortgage markets; the extent to which and how long government monetary directives and actions will impact the U.S. economy; the effect of tariffs and/or duties; consumer confidence; wage growth; household formations; levels of new and existing homes for sale; prevailing home and rental prices; availability and cost of land, labor and construction materials; demographic trends; housing demand; increased energy and fuel prices; the possibility of an economic recession; and other factors, including those described elsewhere in this Form 10-Q. Specifically, changes in mortgage interest rates impact the costs of owning a home and affect the purchasing power of our customers and could impact homebuyer confidence. Changes in demand for our homes or cancellations due to mortgage interest rates, consumer confidence, or otherwise, could affect our operating results in future periods, including our net sales, home deliveries, gross margin, origination volume of loans and revenues from our Financial Services segment, and net income.

Disruptions to energy markets related to geopolitical developments in the Middle East have increased fuel and transportation prices, and certain tariffs that became effective in late 2025 relate to various imported products used in the homebuilding industry, including cabinets, lumber, and certain other wood products. As of September 30, 2026, we have not experienced significant cost increases or supply chain disruptions for raw materials and construction cycle times remained approximately three to four months during the first nine months of 2026; however, we could experience increases in the costs of materials utilized for the construction of our homes and/or supply chain disruptions that, in turn, would impact our business and our consolidated financial statements in future reporting periods. Mortgage rates remained elevated and increased further during the first nine months of 2026 and are influenced by a range of market factors, and we cannot provide any assurance as to the impact of future market or policy developments on mortgage rates or our current or future business. Further, in July 2026, a broad package of federal housing provisions became law, though the timing and magnitude

Table of Contents

of any impact on the housing market conditions remains uncertain. The potential extent and effect of these and other factors on our business is highly uncertain and outside our control, and our past performance may not be indicative of our future results.

We believe we are well-positioned to benefit from the favorable demographics and an ongoing undersupply of homes that support the need for new affordable housing. We believe our operations are prepared to withstand volatility in future market conditions as a result of our product offerings, which both span the home buying segment and focus on affordable price points, our efficiencies in direct construction costs and cycle times, and our current and future inventories of attractive land positions, including our use of a flexible land strategy.

Recent Acquisition

Results of Operations

During the three and nine months ended September 30, 2026, we generated $15.8 million and $98.2 million in income before income tax expense, as compared to $47.8 million and $147.4 million in the respective prior year periods. Our results for the three and nine months ended September 30, 2026 included $19.6 million of impairment charges, as compared to $3.2 million and $11.0 million, respectively, in the prior year periods. During the three and nine months ended September 30, 2026, we generated net income of $12.6 million, or $0.44 per diluted share, and $73.2 million, or $2.54 per diluted share, respectively, as compared to $37.4 million, or $1.25 per diluted share, and $111.6 million, or $3.65 per diluted share in the respective prior year periods.

‎During the three and nine months ended September 30, 2026, we generated total revenues of $864.5 million and $2.6 billion, respectively, as compared to $980.3 million and $2.9 billion in the respective prior year periods. During the three and nine months ended September 30, 2026, we delivered 2,442 and 6,961 new homes with an average sales price of $345.0 thousand and $355.4 thousand, respectively. Our new home deliveries decreased by 1.8% and 5.4%, respectively, as compared to the respective prior year periods, primarily due to slower absorption rates as a result of lower demand amid challenging homebuilding market conditions, and the average sales price per new home decreased 10.2% and 7.1% as compared to the respective prior year periods, primarily due to an increased use of incentives during the three and nine months ended September 30, 2026. For the three months ended September 30, 2026, net new contracts decreased 4.3% to 2,284, and for the nine months ended September 30, 2026, net new contracts decreased 4.5% to 7,278, in each case compared to the respective prior year period.

We have continued to take a balanced approach to capital allocation, guided by market conditions and our priorities of investing in land and land development to support anticipated future growth and returning capital to our stockholders. We ended the third quarter of 2026 with $86.1 million of cash and cash equivalents and $33.7 million of cash held in escrow. We had $456.0 million outstanding under our revolving line of credit, with a homebuilding debt to capital ratio of 36.8% and a net homebuilding debt to net capital ratio of 34.9%. We have continued to strategically manage our lot pipeline in order to maintain a balance between the number of owned lots as compared to lots we control through option and other contracts, resulting in 60,969 lots owned and controlled at September 30, 2026. During the three and nine months ended September 30, 2026, we repurchased an aggregate of 169.9 thousand and 1.1 million shares, respectively, under our stock repurchase program for a total purchase price of approximately $11.6 million and $71.2 million, respectively, and a weighted average per share price of $68.16 and $62.45, respectively. Also, during each of the first three quarters of 2026, we paid a quarterly cash dividend to our stockholders of $0.32 per share, a 10% increase from the $0.29 per share quarterly dividend paid during each of the first three quarters of 2025.

For the three and nine months ended September 30, 2026, our Financial Services segment generated income before income tax expense of $6.2 million and $23.7 million, respectively, as compared to $3.0 million and $11.6 million in the respective prior year periods. During the three and nine months ended September 30, 2026, the number of mortgages originated decreased 1.6% and 2.5%, respectively, in each case, as compared to the respective prior year period. During the three and nine months ended September 30, 2026, the number of loans sold to third parties increased 5.9% and 0.2%, respectively, as compared to the respective prior year periods.

Table of Contents

The following table summarizes our results of operations for the three and nine months ended September 30, 2026 and 2025:


(in thousands, except per share amounts)	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Condensed Consolidated Statements of Operations:
Revenues
Home sales revenues	$	842,493		$	955,162		$	2,474,127		$	2,815,365
Land sales and other revenues		823			5,764			38,249			7,209
Total homebuilding revenues		843,316			960,926			2,512,376			2,822,574
Financial services revenues		21,151			19,358			68,991			61,666
Total revenues		864,467			980,284			2,581,367			2,884,240
Homebuilding cost of revenues
Cost of home sales revenues⁽¹⁾		(716,082)			(783,746)			(2,054,741)			(2,296,184)
Cost of land sales and other revenues		(26)			(6,303)			(24,275)			(7,199)
Total homebuilding cost of revenues		(716,108)			(790,049)			(2,079,016)			(2,303,383)
Financial services costs		(14,962)			(16,371)			(45,261)			(50,095)
Selling, general and administrative expense		(118,837)			(119,895)			(362,335)			(369,491)
Other income (expense), net		1,275			(6,131)			3,479			(13,832)
Income before income tax expense		15,835			47,838			98,234			147,439
Income tax expense		(3,218)			(10,435)			(25,060)			(35,798)
Net income	$	12,617		$	37,403		$	73,174		$	111,641
Earnings per share:
Basic	$	0.44		$	1.26		$	2.55		$	3.69
Diluted	$	0.44		$	1.25		$	2.54		$	3.65
Adjusted diluted earnings per share⁽²⁾	$	1.01		$	1.52		$	3.22		$	4.39
Other Operating Information
Number of new homes delivered		2,442			2,486			6,961			7,357
Average sales price of new homes delivered	$	345.0		$	384.2		$	355.4		$	382.7
Homebuilding gross margin percentage		15.0	%		17.9	%		17.0	%		18.4	%
Adjusted homebuilding gross margin excluding interest, inventory impairment, and purchase price accounting for acquired work in process inventory ⁽²⁾		19.3	%		20.1	%		19.7	%		20.6	%
Backlog at end of period, number of homes		1,106			1,117			1,106			1,117
Backlog at end of period, aggregate sales value	$	413,956		$	416,924		$	413,956		$	416,924
Average sales price of homes in backlog	$	374.3		$	373.3		$	374.3		$	373.3
Net new home contracts		2,284			2,386			7,278			7,624
Selling communities at period end		343			321			343			321
Average selling communities		339			321			324			319
Total owned and controlled lot inventory		60,969			62,239			60,969			62,239
Adjusted EBITDA⁽²⁾⁽³⁾	$	63,412		$	87,740		$	197,013		$	252,352
Adjusted income before income tax expense⁽²⁾	$	38,659		$	60,368		$	124,438		$	177,325
Adjusted net income⁽²⁾	$	28,797		$	45,711		$	92,693		$	134,271
Homebuilding debt to capital		36.8	%		34.5	%		36.8	%		34.5	%
Net homebuilding debt to net capital⁽²⁾		34.9	%		31.4	%		34.9	%		31.4	%

⁽¹⁾Beginning in the fourth quarter of 2025, inventory impairment was reclassified to be included in cost of home sales revenues in our consolidated statements of operations rather than presented as a separate line item and prior year period amounts have been reclassified to conform to this presentation.

⁽²⁾This is a non-GAAP financial measure and should not be used as a substitute for our operating results prepared in accordance with GAAP. See the reconciliations to the most comparable GAAP measure and other information within our “—Homebuilding Gross Margin” and “—Non-GAAP Financial Measures” sections in this Management’s Discussion and Analysis of Financial Condition and Results of Operations. An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP.

⁽³⁾Beginning in the fourth quarter of 2025, we added “Stock-based compensation expense” as an adjustment in our non-GAAP adjusted EBITDA (Earnings Before Income tax expense, Interest, Depreciation, and Amortization) calculation. Accordingly, we have recast the corresponding prior year period adjusted EBITDA amount to conform to the current presentation and calculation.

‎

Table of Contents

Results of Operations by Segment

(dollars in thousands)


	Three Months Ended September 30, 2026
		West		Mountain		Texas		Southeast		Century Complete		Financial Services		Century Living		Corporate		Total
New homes delivered		278		386		540		310		928		—		—		—		2,442
Average sales price of new homes delivered	$	550.7	$	467.0	$	286.1	$	389.7	$	252.0	$	—	$	—	$	—	$	345.0

Revenues	$	153,134	$	180,338	$	154,563	$	120,885	$	234,396	$	21,151	$	—	$	—	$	864,467
Cost of home sales revenues⁽¹⁾		(149,906)		(153,055)		(127,790)		(97,977)		(190,431)		—		—		3,077		(716,082)
Financial services costs		—		—		—		—		—		(14,962)		—		—		(14,962)
Selling, general and administrative expense		(16,467)		(19,599)		(19,444)		(13,312)		(23,019)		—		(279)		(26,717)		(118,837)
Other segment items⁽²⁾		(215)		(962)		(406)		(561)		(47)		—		124		3,316		1,249
Income (loss) before tax expense	$	(13,454)	$	6,722	$	6,923	$	9,035	$	20,899	$	6,189	$	(155)	$	(20,324)	$	15,835


	Three Months Ended September 30, 2025
		West		Mountain		Texas		Southeast		Century Complete		Financial Services		Century Living		Corporate		Total
New homes delivered		369		401		460		423		833		—		—		—		2,486
Average sales price of new homes delivered	$	591.0	$	506.0	$	293.8	$	413.8	$	268.9	$	—	$	—	$	—	$	384.2

Revenues	$	218,149	$	208,058	$	135,150	$	175,162	$	224,407	$	19,358	$	—	$	—	$	980,284
Cost of home sales revenues⁽¹⁾		(177,720)		(167,994)		(115,267)		(144,944)		(180,899)		—		—		3,078		(783,746)
Financial services costs		—		—		—		—		—		(16,371)		—		—		(16,371)
Selling, general and administrative expense		(17,999)		(18,653)		(14,590)		(15,679)		(22,953)		—		(488)		(29,533)		(119,895)
Other segment items⁽²⁾		(1,224)		(6,608)		(196)		(1,347)		(426)		—		190		(2,823)		(12,434)
Income (loss) before tax expense	$	21,206	$	14,803	$	5,097	$	13,192	$	20,129	$	2,987	$	(298)	$	(29,278)	$	47,838


	Nine Months Ended September 30, 2026
		West		Mountain		Texas		Southeast		Century Complete		Financial Services		Century Living		Corporate		Total
New homes delivered		877		1,146		1,438		987		2,513		—		—		—		6,961
Average sales price of new homes delivered	$	563.0	$	470.0	$	287.5	$	388.6	$	256.6	$	—	$	—	$	—	$	355.4

Revenues	$	493,990	$	538,799	$	417,153	$	416,327	$	646,107	$	68,991	$	—	$	—	$	2,581,367
Cost of home sales revenues⁽¹⁾		(436,795)		(449,544)		(340,616)		(310,096)		(521,018)		—		—		3,328		(2,054,741)
Financial services costs		—		—		—		—		—		(45,261)		—		—		(45,261)
Selling, general and administrative expense		(49,581)		(58,825)		(54,233)		(42,903)		(68,963)		—		(852)		(86,978)		(362,335)
Other segment items⁽²⁾		(993)		(1,497)		(2,066)		(23,465)		(849)		—		649		7,425		(20,796)
Income (loss) before tax expense	$	6,621	$	28,933	$	20,238	$	39,863	$	55,277	$	23,730	$	(203)	$	(76,225)	$	98,234

Table of Contents

	Nine Months Ended September 30, 2025
		West		Mountain		Texas		Southeast		Century Complete		Financial Services		Century Living		Corporate		Total
New homes delivered		1,007		1,226		1,418		1,127		2,579		—		—		—		7,357
Average sales price of new homes delivered	$	597.4	$	517.2	$	295.6	$	427.5	$	263.2	$	—	$	—	$	—	$	382.7

Revenues	$	601,763	$	639,476	$	419,252	$	482,082	$	680,001	$	61,666	$	—	$	—	$	2,884,240
Cost of home sales revenues⁽¹⁾		(478,680)		(519,295)		(346,087)		(394,939)		(558,393)		—		—		1,210		(2,296,184)
Financial services costs		—		—		—		—		—		(50,095)		—		—		(50,095)
Selling, general and administrative expense		(52,104)		(57,400)		(49,121)		(46,404)		(70,412)		—		(869)		(93,181)		(369,491)
Other segment items⁽²⁾		(3,389)		(9,418)		(470)		(2,180)		(2,249)		—		605		(3,930)		(21,031)
Income (loss) before tax expense	$	67,590	$	53,363	$	23,574	$	38,559	$	48,947	$	11,571	$	(264)	$	(95,901)	$	147,439

⁽²⁾Includes cost of land sales and other revenues, and other income (expense).

West

During the three and nine months ended September 30, 2026, our West segment generated loss before income tax expense of $13.5 million and income before income tax expense of $6.6 million, respectively, representing decreases of 163.4% and 90.2%, respectively, as compared to the respective prior year periods. These decreases were primarily driven by decreases in homebuilding gross margin percentage and revenue. Homebuilding gross margin percentage decreased from the respective prior year periods, due to impairment charges of $19.1 million during the three and nine months ended September 30, 2026, as well as increased use of incentives as compared to the respective prior year periods. Revenue decreased $65.0 million and $107.8 million, respectively, as compared to the respective prior year periods, primarily driven by decreases of 24.7% and 12.9%, respectively, in the number of homes delivered and decreases of 6.8% and 5.8%, respectively, in the average sales price per home. The decreases in the number of homes delivered were primarily attributable to slower absorption rates and the decreases in average sales price per home resulted from increased use of incentives.

Mountain

During the three and nine months ended September 30, 2026, our Mountain segment generated income before income tax expense of $6.7 million and $28.9 million, respectively, representing decreases of 54.6% and 45.8%, respectively, as compared to the respective prior year periods. These decreases were primarily driven by decreases in revenue and homebuilding gross margin percentage. During the three and nine months ended September 30, 2026, revenue decreased $27.7 million and $100.7 million, respectively, as compared to the respective prior year periods, primarily driven by decreases of 3.7% and 6.5%, respectively, in the number of homes delivered and decreases of 7.7% and 9.1%, respectively, in the average sales price per home. The decreases in the number of homes delivered were primarily attributable to slower absorption rates and the decreases in average sales price per home resulted from increased use of incentives. During the three and nine months ended September 30, 2026, homebuilding gross margin percentage decreased from the respective prior year periods, due primarily to increased use of incentives as compared to the respective prior year periods.

Texas

During the three and nine months ended September 30, 2026, our Texas segment generated income before income tax expense of $6.9 million and $20.2 million, respectively, representing an increase of 35.8% and a decrease of 14.2%, respectively, as compared to the respective prior year periods. The three-month increase was primarily driven by increases in homebuilding gross margin percentage and revenue, while the nine-month decrease was primarily driven by an increase in selling, general and administrative expense and a decrease in revenue. During the three and nine months ended September 30, 2026, revenue increased $19.4 million and decreased $2.1 million, respectively. The three-month increase was primarily driven by a 17.4% increase in the number of homes delivered, partially offset by a 2.6% decrease in the average sales price per home, while the nine-month decrease was primarily driven by a 2.7% decrease in the average sales price per home, partially offset by a 1.4% increase in the number of homes delivered. The increases in homes delivered were primarily attributable to an increase in the average number of selling communities, while the decreases in average sales price per home were primarily driven by increased use of incentives. Homebuilding gross margin percentage for each of the three and nine month ended September 30, 2026 increased from the respective prior year periods, due primarily to lower direct construction costs and lower

Table of Contents

inventory impairment charges of $0.2 million during the current year periods compared to $0.5 million in the prior year periods, partially offset by increased use of incentives.

Southeast

During the three and nine months ended September 30, 2026, our Southeast segment generated income before income tax expense of $9.0 million and $39.9 million, respectively, representing a decrease of 31.5% and an increase of 3.4%, respectively, as compared to the respective prior year periods. The decrease in income before income tax expense for the three-month comparison was primarily driven by a decrease in revenue, partially offset by an increase in homebuilding gross margin percentage. The increase in income before income tax expense for the nine-month comparison was primarily driven by a land sale transaction in Georgia during the first quarter of 2026, partially offset by a decrease in home sales revenue. During the three and nine months ended September 30, 2026, revenue decreased $54.3 million and $65.8 million, respectively, as compared to the respective prior year periods. The decrease in revenue for the three-month comparison was primarily driven by a 26.7% decrease in the number of homes delivered and a 5.8% decrease in the average sales price per home. The decrease in revenue for the nine-month comparison was primarily driven by a 12.4% decrease in the number of homes delivered and a 9.1% decrease in the average sales price per home, partially offset by the first quarter land sale transaction of $32.5 million included in land sales and other revenue. The decreases in the number of homes delivered were primarily attributable to a decrease in the average number of selling communities, while the decreases in average sales price per home resulted primarily from increased use of incentives. During the three and nine months ended September 30, 2026, homebuilding gross margin percentage increased from the respective prior year periods, due primarily to inventory impairment charges of $2.4 million and $6.2 million recorded in the prior year periods, respectively, that did not recur in the current year periods, and was partially offset by the impact of increased use of incentives as compared to the respective prior year periods.

Century Complete

During the three and nine months ended September 30, 2026, our Century Complete segment generated income before income tax expense of $20.9 million and $55.3 million, respectively, representing increases of 3.8% and 12.9%, respectively, as compared to the respective prior year periods. The increase in income before income tax expense for the three-month comparison was primarily driven by an increase in revenue, partially offset by a decrease in homebuilding gross margin percentage. The increase in income before income tax expense for the nine-month comparison was primarily driven by an increase in homebuilding gross margin percentage, partially offset by a decrease in revenue. During the three and nine months ended September 30, 2026, revenue increased $10.0 million and decreased $33.9 million, respectively, as compared to the respective prior year periods. The increase in revenue for the three-month comparison was primarily driven by an 11.4% increase in the number of homes delivered, partially offset by a 6.3% decrease in the average sales price per home. The decrease in revenue for the nine-month comparison was primarily driven by a 2.6% decrease in the number of homes delivered and a 2.5% decrease in the average sales price per home. The increase in the number of homes delivered for the three-month comparison was primarily driven by a higher average number of selling communities, while the decrease in the number of homes delivered for the nine-month comparison was primarily driven by a lower average number of selling communities and slower absorption rates. The decreases in average sales price per home resulted primarily from increased use of incentives. For the three-month comparison, homebuilding gross margin percentage decreased, primarily driven by increased use of incentives. For the nine-month comparison, homebuilding gross margin percentage increased, driven primarily by lower direct construction costs and lower inventory impairment charges of $0.3 million compared to $4.2 million in the prior year period, partially offset by increased use of incentives as compared to the prior year period.

Financial Services

Our Financial Services segment originates mortgages for primarily our homebuyers, and as such, the volume of loans originated typically correlates to our number of homes delivered. Fluctuations in financial services income before income tax may occur because some components of revenue fluctuate differently than loan volumes, and some expenses are not directly related to mortgage loan volume or to changes in the amount of revenue earned. For the three and nine months ended September 30, 2026, our Financial Services segment generated income before income tax expense of $6.2 million and $23.7 million, respectively, as compared to $3.0 million and $11.6 million, respectively, in the respective prior year periods. For the three-month comparison, the increase was primarily attributable to higher loan margins, driven by favorable fair value adjustments on our hedging activity, and higher servicing fee income, partially offset by lower origination volume. For the nine-month comparison, the increase was primarily attributable to higher loans margins, driven by favorable fair value adjustments on our hedging activity, and favorable fair value adjustments on our mortgage servicing rights portfolio, partially offset by the prior year benefit from the sale of a portion of our mortgage servicing rights portfolio and lower origination volume. During the three and nine months ended September 30, 2026, the number of mortgages originated decreased 1.6% and 2.5%, respectively, in each case, as compared to the respective prior year period. During the three and nine months ended September 30, 2026, the number of loans sold to third parties increased 5.9% and 0.2%, respectively, as compared to the respective prior year periods.

Table of Contents

The following table presents selected operational data for our Financial Services segment in relation to our loan origination activities (dollars in thousands):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Total originations:
Number of loans		1,581			1,607			4,676			4,796
Principal	$	541,461		$	578,011		$	1,610,188		$	1,700,470
Capture rate of Century homebuyers		84	%		84	%		82	%		84	%
Century Communities		87	%		89	%		86	%		86	%
Century Complete		78	%		74	%		76	%		78	%
Average FICO score		719			727			720			726
Century Communities		722			730			722			731
Century Complete		714			722			713			716

Loans sold to third parties:
Number of loans sold		1,715			1,619			4,966			4,957
Principal	$	583,726		$	580,971		$	1,718,591		$	1,755,136

Century Living

Our Century Living operations are engaged in the development, construction, management, and sales of multi-family rental properties, currently all located in Colorado. For the three and nine months ended September 30, 2026, our Century Living segment generated losses before income tax expense of $155 thousand and $203 thousand, respectively, as compared to losses before income tax expense of $298 thousand and $264 thousand, respectively, in the respective prior year periods. As of September 30, 2026, the Company had three multi-family rental properties in Colorado, of which two were available for leasing. As of September 30, 2026, these three projects represented 868 total multi-family units, including 251 under active construction and 617 completed units, and 505 units were leased. As of September 30, 2025, we had three multi-family rental properties, two of which were completed and one of which was under active construction. We subsequently sold one multi-family rental property during the fourth quarter of 2025.

Corporate

During the three and nine months ended September 30, 2026, our Corporate segment generated losses of $20.3 million and $76.2 million, respectively, as compared to losses of $29.3 million and $95.9 million, respectively, during the respective prior year periods. The decreases were primarily related to lower general and administrative costs, including lower charitable contributions and decreased compensation related to adjustments in stock-based compensation expense to reflect a decreased estimate in the number of shares which will ultimately vest and be issued upon settlement of certain performance share unit awards.

Homebuilding Gross Margin

Homebuilding gross margin represents home sales revenues less cost of home sales revenues. Our homebuilding gross margin percentage, which represents homebuilding gross margin divided by home sales revenues, decreased to 15.0% for the three months ended September 30, 2026 from 17.9% for the prior year period and decreased to 17.0% for the nine months ended September 30, 2026 from 18.4% for the prior year period. The decrease for the three-month comparison was primarily driven by inventory impairment charges of $19.6 million, compared to $3.2 million in the prior year period, as well as increased use of incentives. The decrease for the nine-month comparison was primarily driven by increased use of incentives, as well as higher inventory impairment charges of $19.6 million, compared to $11.0 million in the prior year period.

Table of Contents

In the following table, we calculate our homebuilding gross margin and our non-GAAP adjusted homebuilding gross margin to exclude inventory impairment, if applicable, and as further adjusted to exclude interest in cost of home sales revenues and the effect of purchase price accounting for acquired work in process inventory, if applicable. The following table also provides reconciliations of our non-GAAP adjusted homebuilding gross margin excluding inventory impairment and as further adjusted to exclude interest in cost of home sales revenues and the effect of purchase price accounting for acquired work in process inventory to homebuilding gross margin, which is the most comparable GAAP measure.

(dollars in thousands)



	Three Months Ended September 30,
	2026		%		2025		%
Home sales revenues	$	842,493	100.0	%	$	955,162	100.0	%
Cost of home sales revenues		(716,082)	(85.0)	%		(783,746)	(82.1)	%
Homebuilding gross margin		126,411	15.0	%		171,416	17.9	%
Add: Inventory impairment		19,605	2.3	%		3,180	0.3	%
Adjusted homebuilding gross margin excluding inventory impairment⁽¹⁾		146,016	17.3	%		174,596	18.3	%
Add: Interest in cost of home sales revenues		15,873	1.9	%		15,005	1.6	%
Add: Purchase price accounting for acquired work in process inventory		899	0.1	%		2,830	0.3	%
Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory⁽¹⁾	$	162,788	19.3	%	$	192,431	20.1	%




	Nine Months Ended September 30,
	2026		%		2025		%
Home sales revenues	$	2,474,127	100.0	%	$	2,815,365	100.0	%
Cost of home sales revenues		(2,054,741)	(83.0)	%		(2,296,184)	(81.6)	%
Homebuilding gross margin		419,386	17.0	%		519,181	18.4	%
Add: Inventory impairment		19,605	0.8	%		10,951	0.4	%
Adjusted homebuilding gross margin excluding inventory impairment⁽¹⁾		438,991	17.7	%		530,132	18.8	%
Add: Interest in cost of home sales revenues		45,385	1.8	%		41,994	1.5	%
Add: Purchase price accounting for acquired work in process inventory		2,200	0.1	%		6,763	0.2	%
Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory⁽¹⁾	$	486,576	19.7	%	$	578,889	20.6	%

⁽¹⁾This non-GAAP financial measure should not be used as a substitute for our operating results in accordance with GAAP. See the reconciliations to the most comparable GAAP measure, homebuilding gross margin, and other information presented in the table above and in the narrative below and under the heading “—Non-GAAP Financial Measures.” An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP.

For the three and nine months ended September 30, 2026, our adjusted homebuilding gross margin percentage, excluding inventory impairment, interest in cost of home sales revenues, and purchase price accounting for acquired work in process inventory, was 19.3% and 19.7%, respectively, as compared to 20.1% and 20.6%, respectively, for the same respective periods in 2025. We believe the above non-GAAP adjusted homebuilding gross margin information is meaningful as it isolates the impact that inventory impairment, indebtedness, and acquisitions (in each case as applicable) during any period, have on our homebuilding gross margin and allows for comparability of our homebuilding gross margins to prior year periods and to homebuilding gross margins of our competitors.

Table of Contents

Selling, General and Administrative Expense



(dollars in thousands)
	Three Months Ended September 30,						Change
	2026			2025			Amount		%
Selling, general and administrative expense	$	118,837		$	119,895		$	(1,058)	(0.9)	%
As a percentage of home sales revenue		14.1	%		12.6	%

	Nine Months Ended September 30,						Change
	2026			2025			Amount		%
Selling, general and administrative expense	$	362,335		$	369,491		$	(7,156)	(1.9)	%
As a percentage of home sales revenue		14.6	%		13.1	%

Our selling, general and administrative expense decreased $1.1 million and $7.2 million, respectively, for the three and nine months ended September 30, 2026 as compared to the same respective periods in 2025, primarily driven by decreased commissions expense, decreased charitable contributions and decreased compensation related to adjustments in stock-based compensation expense to reflect a decreased estimate in the number of shares which will ultimately vest and be issued upon settlement of certain performance share unit awards. As a percentage of home sales revenue, our selling, general and administrative expense increased 150 basis points during each of the three and nine months ended September 30, 2026, respectively, driven primarily by decreased revenue on a partially fixed cost base.

Income Tax Expense

Segment Assets

(dollars in thousands)


	September 30,		December 31,		Increase (Decrease)
	2026		2025		Amount		Change
West	$	874,109	$	891,808	$	(17,699)	(2.0)	%
Mountain		1,019,838		941,617		78,221	8.3	%
Texas		988,646		891,763		96,883	10.9	%
Southeast		676,566		581,228		95,338	16.4	%
Century Complete		465,504		389,954		75,550	19.4	%
Financial Services		320,710		436,515		(115,805)	(26.5)	%
Century Living		250,338		198,815		51,523	25.9	%
Corporate		194,314		128,195		66,119	51.6	%
Total assets	$	4,790,025	$	4,459,895	$	330,130	7.4	%

Table of Contents

Total assets increased by $330.1 million, or 7.4%, to $4.8 billion at September 30, 2026 as compared to December 31, 2025, primarily due to (1) changes in our inventory balances within our homebuilding segments related to the timing of home and land development construction activities and (2) changes in our Century Living multi-family rental properties inventory balances related to the timing of disposition, development, and construction activities. These increases were partially offset by a decrease in our Financial Services assets primarily related to a decrease in mortgage loans held for sale.

Homebuilding lots owned and controlled


	September 30, 2026			December 31, 2025			% Change
	Owned	Controlled	Total	Owned	Controlled	Total	Owned		Controlled		Total
West	3,562	2,309	5,871	3,432	2,354	5,786	3.8	%	(1.9)	%	1.5	%
Mountain	7,314	2,501	9,815	7,972	2,169	10,141	(8.3)	%	15.3	%	(3.2)	%
Texas	13,293	5,235	18,528	14,298	3,348	17,646	(7.0)	%	56.4	%	5.0	%
Southeast	5,141	5,729	10,870	5,240	6,293	11,533	(1.9)	%	(9.0)	%	(5.7)	%
Century Complete	4,163	11,722	15,885	3,858	11,952	15,810	7.9	%	(1.9)	%	0.5	%
Total	33,473	27,496	60,969	34,800	26,116	60,916	(3.8)	%	5.3	%	0.1	%

We have continued to strategically manage our lot pipeline resulting in 60,969 lots owned and controlled at September 30, 2026, compared to 60,916 at December 31, 2025. Of our total lots owned and controlled as of September 30, 2026, 54.9% were owned and 45.1% were controlled, as compared to 57.1% owned and 42.9% controlled as of December 31, 2025.

Other Homebuilding Operating Data

Net new home contracts


	Three Months Ended					Nine Months Ended
	September 30,		Increase (Decrease)			September 30,		Increase (Decrease)
	2026	2025	Amount	% Change		2026	2025	Amount	% Change
West	268	337	(69)	(20.5)	%	913	1,052	(139)	(13.2)	%
Mountain	350	418	(68)	(16.3)	%	1,216	1,216	—	—	%
Texas	524	433	91	21.0	%	1,565	1,436	129	9.0	%
Southeast	302	388	(86)	(22.2)	%	1,047	1,159	(112)	(9.7)	%
Century Complete	840	810	30	3.7	%	2,537	2,761	(224)	(8.1)	%
Total	2,284	2,386	(102)	(4.3)	%	7,278	7,624	(346)	(4.5)	%

Net new home contracts (new home contracts net of cancellations) for the three months ended September 30, 2026 decreased by 102 homes, or 4.3%, to 2,284 as compared to 2,386 for the same period in 2025. Net new home contracts (new home contracts net of cancellations) for the nine months ended September 30, 2026 decreased by 346 homes, or 4.5%, to 7,278 as compared to 7,624 for the same period in 2025.

Table of Contents

Average monthly absorption rate

Our overall average monthly “absorption rate” (calculated as monthly net new home contracts divided by average selling communities) for the three and nine months ended September 30, 2026 and 2025 by segment is included in the table below:


	Three Months Ended September 30,		Increase (Decrease)
	2026	2025	Amount	% Change
West	2.3	3.1	(0.8)	(25.8)	%
Mountain	2.1	2.8	(0.7)	(25.0)	%
Texas	2.0	2.0	—	—	%
Southeast	2.8	2.8	—	—	%
Century Complete	2.3	2.3	—	—	%
Total	2.2	2.5	(0.3)	(12.0)	%

	Nine Months Ended September 30,		Increase (Decrease)
	2026	2025	Amount	% Change
West	2.6	3.4	(0.8)	(23.5)	%
Mountain	2.5	2.8	(0.3)	(10.7)	%
Texas	2.1	2.1	—	—	%
Southeast	3.3	2.9	0.4	13.8	%
Century Complete	2.5	2.6	(0.1)	(3.8)	%
Total	2.5	2.7	(0.2)	(7.4)	%

During the three months ended September 30, 2026, our total average monthly absorption rate decreased by 12.0% to 2.2 per month and during the nine months ended September, 30 2026, our total average monthly absorption rate decreased by 7.4% to 2.5 per month, in each case as compared to the prior year period. Market conditions during the three and nine months ended September 30, 2026 continued to be impacted by elevated mortgage rates, macro-economic and geopolitical uncertainty, including volatility in fuel and transportation prices related to the conflict in the Middle East, and broader concerns about affordability by homebuyers.

Selling communities


	Selling Communities		Average Selling Communities		Average Selling Communities
	As of September 30,		Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025	2026	2025
West	41	38	39	36	39	34
Mountain	57	53	56	49	55	49
Texas	86	73	88	73	83	75
Southeast	37	45	36	46	35	44
Century Complete	122	112	120	117	112	117
Total	343	321	339	321	324	319

Our selling communities increased by 22 communities to 343 communities as of September 30, 2026, as compared to 321 communities at September 30, 2025. This 6.9% increase was driven by new community openings in excess of community closeouts during the current year period.

Table of Contents

Backlog

(dollars in thousands)


	As of September 30,
	2026					2025					% Change

	Homes	Dollar Value		Average Sales Price		Homes	Dollar Value		Average Sales Price		Homes		Dollar Value		Average Sales Price
West	155	$	86,808	$	560.0	204	$	115,035	$	563.9	(24.0)	%	(24.5)	%	(0.7)	%
Mountain	178		95,939		539.0	139		73,330		527.6	28.1	%	30.8	%	2.2	%
Texas	263		76,233		289.9	195		59,212		303.6	34.9	%	28.7	%	(4.5)	%
Southeast	160		64,684		404.3	139		61,170		440.1	15.1	%	5.7	%	(8.1)	%
Century Complete	350		90,292		258.0	440		108,177		245.9	(20.5)	%	(16.5)	%	4.9	%
Total / Weighted Average	1,106	$	413,956	$	374.3	1,117	$	416,924	$	373.3	(1.0)	%	(0.7)	%	0.3	%

Backlog reflects the number of homes, net of cancellations, for which we have entered into a sales contract with a customer but for which we have not yet delivered the home. As of September 30, 2026, we had 1,106 homes in backlog, which represents a decrease of 1.0% as compared to 1,117 homes in backlog at September 30, 2025. The total value of our backlog was $414.0 million as of September 30, 2026 as compared to $416.9 million as of September 30, 2025. Backlog dollar value decreased 0.7% due to the decrease in the number of backlog units in our West and Century Complete segments, and the average sales price of backlog units increased 0.3% generally due to mix within individual communities and partially offset by increased use of incentives, in each case as of September 30, 2026 as compared to September 30, 2025.

Supplemental Guarantor Information

Our 6.625% senior notes due 2033 (which we refer to collectively as our “2033 Notes”) and our 3.875% senior notes due 2029 (which we refer to collectively as our “2029 Notes” and collectively with our 2033 Notes, the “Senior Notes”) are our unsecured senior obligations and are fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by substantially all of our direct and indirect wholly-owned operating subsidiaries (which we refer to collectively as the “Guarantors”). Our subsidiaries associated with our Financial Services operations (which we refer to as the “Non-Guarantors”) do not guarantee the Senior Notes. The guarantees are senior unsecured obligations of the Guarantors that rank equal with all existing and future senior debt of the Guarantors and senior to all existing and future subordinated debt of the Guarantors. The guarantees are effectively subordinated to any secured debt of the Guarantors. As of September 30, 2026, Century Communities, Inc. had $1.0 billion in total principal amount of Senior Notes outstanding.

Each of the indentures governing our Senior Notes provides that the guarantees of a Guarantor will be automatically and unconditionally released and discharged: (1) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the equity interests of such Guarantor after which the applicable Guarantor is no longer a “Restricted Subsidiary” (as defined in the applicable indenture), which sale, transfer, exchange or other disposition does not constitute an “Asset Sale” (as defined in the applicable indenture) or is made in compliance with applicable provisions of the applicable indenture; (2) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the assets of such Guarantor, which sale, transfer, exchange or other disposition does not constitute an Asset Sale or is made in compliance with applicable provisions of the applicable indenture; provided, that after such sale, transfer, exchange or other disposition, such Guarantor is an “Immaterial Subsidiary” (as defined in the applicable indenture); (3) unless a default has occurred and is continuing, upon the release or discharge of such Guarantor from its guarantee of any indebtedness for borrowed money of the Company and the Guarantors so long as such Guarantor would not then otherwise be required to provide a guarantee pursuant to the applicable indenture; provided that if such Guarantor has incurred any indebtedness in reliance on its status as a Guarantor in compliance with applicable provisions of the applicable indenture, such Guarantor’s obligations under such indebtedness, as the case may be, so incurred are satisfied in full and discharged or are otherwise permitted to be incurred by a Restricted Subsidiary (other than a Guarantor) in compliance with applicable provisions of the applicable indenture; (4) upon the designation of such Guarantor as an “Unrestricted Subsidiary” (as defined in the applicable indenture), in accordance with the applicable indenture; (5) if the Company exercises its legal defeasance option or covenant defeasance option under the applicable indenture or if the obligations of the Company and the Guarantors are discharged in compliance with applicable provisions of the applicable indenture, upon such exercise or discharge; or (6) in connection with the dissolution of such Guarantor under applicable law in accordance with the applicable indenture.

If a Guarantor were to become a debtor in a case under the US Bankruptcy Code, a court may decline to enforce its guarantee of the Senior Notes. This may occur when, among other factors, it is found that the Guarantor originally received less than fair consideration for the guarantee and the Guarantor would be rendered insolvent by enforcement of the guarantee. On the basis of historical financial information, operating history and other factors, we believe that each of the Guarantors, after giving effect to the issuance of its guarantee of the Senior Notes when the guarantee was issued, was not insolvent and did not and has not incurred debts beyond its ability to pay

Table of Contents

such debts as they mature. The Company cannot predict, however, what standard a court would apply in making these determinations or that a court would agree with our conclusions in this regard.

The offer and sale of the Senior Notes and the related guarantees were issued in reliance upon an exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”), and other applicable securities laws. Unless we subsequently register the resale of the Senior Notes and related guarantees, they may be offered or sold only in transactions that are exempt from the registration requirements under the Securities Act and the applicable securities laws of any other jurisdiction.

The Guarantors’ condensed supplemental financial information is presented in this report as if the guarantees of the Senior Notes existed during the periods presented. If any Guarantors are released from their respective guarantees in future periods, the changes are reflected prospectively. We have determined that separate, full financial statements of the Guarantors would not be material to investors, and accordingly, supplemental financial information is presented below.

Century Communities, Inc. and Guarantors


Summarized Condensed Supplemental Balance Sheet Data (in thousands)	September 30, 2026		December 31, 2025

Assets
Cash and cash equivalents	$	289	$	96
Cash held in escrow		33,740		48,571
Accounts receivable		55,236		53,327
Inventories		3,744,023		3,361,158
Prepaid expenses and other assets		463,882		410,899
Property and equipment, net		75,009		69,025
Deferred tax assets, net		36,841		38,176
Goodwill		41,109		41,109
Total assets	$	4,450,129	$	4,022,361
Liabilities and stockholders’ equity
Liabilities:
Accounts payable	$	140,694	$	111,493
Accrued expenses and other liabilities		258,981		280,914
Due to non-guarantors		124,121		128,827
Notes payable		1,165,321		1,102,376
Revolving line of credit		456,000		51,500
Total liabilities		2,145,117		1,675,110
Stockholders’ equity		2,305,012		2,347,251
Total liabilities and stockholders’ equity	$	4,450,129	$	4,022,361


Summarized Condensed Supplemental Statements of Operations Data (in thousands)			Nine Months Ended
			September 30, 2026

Total homebuilding revenues			$	2,512,376
Total homebuilding cost of revenues				(2,079,016)
Selling, general and administrative expense				(361,876)
Other expense				(3,968)
Income before income tax expense				67,516
Income tax expense				(17,224)
Net income			$	50,292

Critical Accounting Estimates

Critical accounting estimates are those that we believe are both significant and require us to make difficult, subjective or complex judgments, often because we need to estimate the effect of inherently uncertain matters. We base our estimates and judgments on historical experiences and various other factors that we believe to be appropriate under the circumstances. Actual results may differ from these estimates, and the estimates included in our financial statements might be impacted if we used different assumptions or conditions. A summary of our critical accounting policies is included in our Annual Report on Form 10-K for the fiscal year ended December 31,

Table of Contents

2025, filed with the SEC on January 29, 2026, in the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies.”

Liquidity and Capital Resources

Overview

Our liquidity, consisting of our cash and cash equivalents and cash held in escrow and current capacity under our revolving line of credit, was $863.8 million as of September 30, 2026, compared to $1.1 billion as of December 31, 2025.

Our principal uses of capital for the three and nine months ended September 30, 2026 were our land purchases, land development, home construction, construction of multi-family rental properties, stock repurchases, dividends, and the payment of routine liabilities.

Cash flows for each of our communities depend on the stage in the development cycle and can differ substantially from reported earnings. Early stages of development or expansion require significant cash outlays for land acquisitions, entitlements and other approvals, and construction of model homes, roads, utilities, general landscaping and other amenities. Because these costs are a component of our inventory and not recognized in our condensed consolidated statements of operations until a home closes, we incur significant cash outlays prior to our recognition of earnings. In the later stages of community development, cash inflows may significantly exceed earnings reported for financial statement purposes, as the cash outflow associated with home and land construction was previously incurred. From a liquidity standpoint, we continue to acquire and develop lots in our markets when they meet our current investment criteria and dispose of lots when they do not meet our investment criteria.

Short-term Liquidity and Capital Resources

We use funds generated by operations, available borrowings under our revolving line of credit, and proceeds from issuances of debt or equity to fund our short-term working capital obligations and our purchases of land, as well as land development, home construction activities, and other cash needs. On September 30, 2026, we entered into an amendment to our credit agreement, which, among other changes, increased the aggregate commitments under our revolving line of credit from $1.0 billion to $1.2 billion. We had $456.0 million outstanding under our revolving line of credit as of September 30, 2026, as compared to $51.5 million outstanding as of December 31, 2025.

Our Financial Services operations use funds generated from operations, and availability under our mortgage repurchase facilities to finance its operations, including originations of mortgage loans to our homebuyers.

Our Century Living operations use excess cash from our operations, as well as project specific secured financing under construction loan agreements, to fund development of multi-family projects.

We believe that we will be able to fund our current liquidity needs for at least the next 12 months with our cash on hand, anticipated cash generated from operations, and cash expected to be available under our revolving line of credit or through accessing debt or equity capital, as needed or appropriate, although no assurance can be provided that such additional debt or equity capital will be available or on acceptable terms based on the macro-economy and market conditions at the time. In a higher interest rate environment, we may incur additional interest expense on borrowings that bear floating interest rates, such as under our revolving line of credit, repurchase facilities, and construction loan agreements. We believe we are well positioned from a cash and liquidity standpoint to operate in an uncertain environment and to pursue other ways to properly deploy capital to enhance returns, which may include taking advantage of strategic opportunities as they arise.

Long-term Liquidity and Capital Resources

Beyond the next 12 months, we believe that our principal uses of capital will be land and inventory purchases and other expenditures, as well as principal and interest payments on our long-term debt obligations. We believe that we will be able to fund our long-term liquidity needs with anticipated cash generated from operations and cash expected to be available under our revolving line of credit or through accessing debt or equity capital, as needed or appropriate, although no assurance can be provided that such additional debt or equity capital will be available, or on favorable terms, especially if interest rates remain high. In a higher interest rate environment, we may incur additional interest expense on borrowings that bear floating interest rates, such as under our revolving line of credit, repurchase facilities, and construction loan agreements. To the extent these sources of capital are insufficient to meet our needs, we may also conduct additional public or private offerings of our securities, refinance debt, or dispose of certain assets to fund our operating activities and capital needs.

Table of Contents

Material Cash Requirements

In the normal course of business, we enter into contracts and commitments that obligate us to make payments in the future in addition to our outstanding debt obligations and debt service requirements described below. These obligations impact our short-term and long-term liquidity and capital resource needs. For the three and nine months ended September 30, 2026, there were no material changes to the contractual obligations we previously described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 that was filed with the SEC on January 29, 2026, other than: (i) an amendment to our credit agreement, which among other changes, increased our aggregate commitments under our revolving line of credit to $1.2 billion and extended the maturity date for participating extending lenders to November 1, 2030, and (ii) an increase in borrowings under our revolving line of credit as of September 30, 2026 to $456.0 million, as compared to $51.5 million as of December 31, 2025, which borrowings are subject to variable interest rates.

In the ordinary course of business, we enter into land purchase contracts in order to procure lots for the construction of our homes. We are subject to customary obligations associated with entering into contracts for the purchase of land and improved lots. Purchase and option contracts for the purchase of land enable us to defer acquiring portions of properties owned by third parties until we have determined whether to exercise our option, which may serve to reduce our financial risks associated with long-term land holdings. These purchase contracts typically require a cash deposit, and the purchase of properties under these contracts is generally contingent upon satisfaction of certain requirements, including obtaining applicable property and development entitlements. We also utilize option contracts with land sellers and others as a method of acquiring land in staged takedowns, to help us manage the financial and market risk associated with land holdings, and to reduce the use of funds from our corporate financing sources. Option contracts generally require payment by us of a non-refundable deposit for the right to acquire lots over a specified period of time at pre-determined prices. Our obligations with respect to purchase contracts and option contracts are generally limited to the forfeiture of the related non-refundable cash deposits.

We strive to strategically manage our lot pipeline, while selectively reducing our lot pipeline by terminating certain contracts in markets that do not meet our investment criteria, in light of current market conditions, in order to maintain a balance between the number of owned lots as compared to lots we control through option and other contracts. We believe this balance provides us flexibility to adjust to market conditions as they develop. As of September 30, 2026, we had outstanding purchase contracts and option contracts for an aggregate of 27,496 lots totaling approximately $2.0 billion and we had an aggregate of $84.6 million of deposits for land contracts, of which $77.5 million were non-refundable cash deposits pertaining to land contracts. For contracts for which cash deposits were non-refundable, and subject to the terms of the outstanding contracts continuing to meet our investment criteria, we currently anticipate performing on the majority of our purchase and option contracts during the next 24 months. Our performance, including the timing and amount of purchase, if any, under these outstanding purchase and option contracts is subject to change and dependent on future market conditions. Our utilization of land option contracts is dependent on, among other things, the availability of land sellers willing to enter into option takedown arrangements, the availability of capital to financial intermediaries to finance the development of optioned lots, general housing market conditions, and local market dynamics. Options may be more difficult to procure from land sellers in strong housing markets and are more or less prevalent in certain geographic regions.

In addition, in the ordinary course of business, we explore, and from time to time, enter into purchase agreements to opportunistically acquire other homebuilders to add existing and future lots to our land portfolio and augment the organic expansion of our land portfolio. These acquisitions may be legally structured as asset or entity acquisitions and conditioned upon a due diligence investigation by us of the business for a limited period of time, in addition to other standard and customary closing conditions.

Outstanding Debt Obligations and Debt Service Requirements

One of our principal liquidity needs is the payment of principal and interest on our outstanding indebtedness. Our outstanding indebtedness is described in detail in Note 9 – Debt in the Notes to the Condensed Consolidated Financial Statements. We are required to meet certain covenants, and as of September 30, 2026, we were in compliance with all such covenants and requirements under the agreements governing our senior notes, revolving line of credit, construction loan agreements, and mortgage repurchase facilities.

Table of Contents

Our outstanding debt obligations included the following as of September 30, 2026 and December 31, 2025, respectively (in thousands):



	September 30,		December 31,
	2026		2025
3.875% senior notes, due August 2029⁽¹⁾	$	497,780	$	497,201
6.625% senior notes, due September 2033⁽¹⁾		494,002		493,355
Construction loan agreements		129,450		90,269
Other financing obligations⁽²⁾		44,089		21,551
Notes payable		1,165,321		1,102,376
Revolving line of credit		456,000		51,500
Mortgage repurchase facilities		191,266		289,269
Total debt	$	1,812,587	$	1,443,145

⁽¹⁾The carrying value of the senior notes reflects the impact of premiums and/or discounts (if applicable), and issuance costs that are amortized to interest expense over the respective terms of the senior notes.

From time to time, we may seek to incur additional debt obligations, refinance or increase our outstanding debt, or retire or purchase our outstanding debt through additional debt issuances, cash purchases and/or exchanges for equity securities, in open market purchases, privately negotiated transactions, redemptions or otherwise. Such additional debt issuances, repurchases, exchanges or redemptions, if any, will depend on prevailing market conditions, our liquidity requirements, contractual obligations and restrictions, and other factors. The amounts involved may or may not be material during any particular reporting period.

3.875% Senior Notes Due 2029

6.625% Senior Notes Due 2033

Construction Loan Agreements

Table of Contents

Revolving Line of Credit

The First Amendment increased the aggregate commitments under our senior unsecured revolving credit facility from $1.0 billion to $1.2 billion and extended the maturity date for participating extending lenders to November 1, 2030. The First Amendment also added new lenders, revised certain financial covenants, eliminated the 0.10% credit spread adjustment applicable to SOFR-based borrowings, and made certain related amendments to the schedules and exhibits to the Credit Agreement. The revolving line of credit includes a $250.0 million sublimit for letters of credit. Subject to the terms and conditions of the Credit Agreement, we are entitled to request an increase in the size of the revolving line of credit by an amount not exceeding $400.0 million. The obligations under the Credit Agreement are guaranteed by certain of our subsidiaries. Funds are available under the revolving line of credit for the construction of homes, for the acquisition and development of land, land under development and lots for the eventual construction of homes thereon, and for working capital in the ordinary course of business. Unless terminated earlier, $100.0 million will mature on November 1, 2028, with the $1.1 billion in remaining commitments maturing on November 1, 2030. The principal amount thereunder, together with all accrued unpaid interest and other amounts owing thereunder, if any, will be payable in full on such date. Subject to the terms and conditions of the Credit Agreement, we may request once per year a one-year extension of the maturity date, with up to three such extensions permitted during the term of the revolving line of credit, subject to the approval of the lenders and the Administrative Agent. The Credit Agreement contains customary affirmative and negative covenants (including limitations on our ability to grant liens, incur additional debt, pay dividends, redeem our common stock, make certain investments, issue certain equity securities, engage in transactions with affiliates and engage in certain merger, consolidation or asset sale transactions), as well as customary events of default. Borrowings under the Credit Agreement bear interest at a floating rate equal to Term SOFR or Daily Simple SOFR (in each case as defined in the Credit Agreement), plus an applicable margin between 1.45% and 2.30% per annum, or if selected by us, a base rate plus an applicable margin between 0.45% and 1.30% per annum. The “applicable margins” described above are determined by a schedule based on our leverage ratio, as defined in the Credit Agreement. The Credit Agreement also provides for customary fees including commitment fees payable to each lender ranging from 0.20% to 0.35% per annum based on our leverage ratio of the unused portion of the revolving line of credit and other customary fees.

Mortgage Repurchase Facilities – Financial Services

Letters of Credit and Performance Bonds

In the normal course of business, we post letters of credit and performance and other bonds primarily related to our land development performance obligations with local municipalities. As of September 30, 2026 and December 31, 2025, we had issued and outstanding letters of credit under various facilities of $42.3 million and $65.3 million, respectively, and we had issued and outstanding performance and other bonds of $431.4 million and $445.1 million, respectively. Although significant development and construction activities have been completed related to the improvements at these sites, the letters of credit and performance and other bonds are not generally fully released until all development and construction activities are completed.

Table of Contents

Stock Repurchases

Under the terms of our stock repurchase program, shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions or by other means in accordance with federal securities laws. The actual manner, timing, amount and value of repurchases under the stock repurchase program is determined by management at its discretion and depends on a number of factors, including, among others, the market price of our common stock, trading volume, our available cash balance, our anticipated working capital needs, other capital management objectives and opportunities, applicable legal requirements, applicable tax effects including the 1% excise tax instituted under the Inflation Reduction Act of 2022, and general market and economic conditions. We finance any stock repurchases through available cash and our revolving line of credit. Repurchases also may be made under a trading plan established under Rule 10b5-1 under the Securities Exchange Act of 1934, which would permit shares to be repurchased when we otherwise may be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions. Our stock repurchase program has been approved by our Board of Directors and has no expiration date and may be extended, suspended or discontinued by our Board of Directors at any time without notice at our discretion. All shares of common stock repurchased under the program will be cancelled and returned to the status of authorized but unissued shares of common stock.

Cash Dividends

The following table sets forth cash dividends declared by our Board of Directors to holders of record of our common stock during the three and nine months ended September 30, 2026 and 2025, respectively (in thousands, except per share information):



			Nine Months Ended September 30, 2026
			Cash Dividends Declared and Paid
Declaration Date	Record Date	Payable Date	Per Share		Amount
February 4, 2026	February 25, 2026	March 11, 2026	$	0.32	$	9,313
May 6, 2026	May 27, 2026	June 10, 2026	$	0.32	$	9,154
August 12, 2026	August 26, 2026	September 9, 2026	$	0.32	$	9,052


			Nine Months Ended September 30, 2025
			Cash Dividends Declared and Paid
Declaration Date	Record Date	Payable Date	Per Share		Amount
February 5, 2025	February 26, 2025	March 12, 2025	$	0.29	$	8,922
May 7, 2025	May 28, 2025	June 11, 2025	$	0.29	$	8,783
August 13, 2025	August 27, 2025	September 10, 2025	$	0.29	$	8,607

While we expect to continue to pay quarterly cash dividends on our common stock during the remainder of 2026, the declaration and payment of future cash dividends on our common stock, whether at current levels or at all, are at the discretion of our Board of Directors and depend upon, among other things, our expected future earnings, cash flows, capital requirements, access to external financing, debt structure and any adjustments thereto, operational and financial investment strategy, and general financial condition, as well as general business conditions.

Table of Contents

Cash Flows— Nine Months Ended September 30, 2026 Compared to the Nine Months Ended September 30, 2025

For the nine months ended September 30, 2026 and 2025, the comparison of cash flows is as follows:

Our primary sources of cash flows from operations are from the sale of single-family attached and detached homes and mortgages. Our primary uses of cash flows from operations are the acquisition of land and expenditures associated with the construction of our single-family attached and detached homes and the origination of mortgages held for sale. Net cash used in operating activities was $267.5 million during the nine months ended September 30, 2026 as compared to $57.7 million during the prior year period. The increase in net cash used was primarily a result of (1) increased expenditures associated with the construction of homes during the nine months ended September 30, 2026 as compared to the nine months ended September 30, 2025 and (2) a $38.5 million decrease in net income during the first nine months of 2026 compared to the prior year period, partially offset by benefits from the net changes in assets and liabilities, including cash balances held in escrow, as compared to the prior year period.

Net cash used in investing activities was $23.2 million during the nine months ended September 30, 2026, compared to net cash provided by investing activities of $30.6 million during the prior year period. This change was primarily related to $44.9 million in cash proceeds related to the sale of our mortgage servicing rights portfolio during the nine months ended September 30, 2025.

Net cash provided by financing activities was $261.0 million during the nine months ended September 30, 2026, as compared to $14.9 million during the prior year period. This change was primarily attributable to (1) a $201.0 million increase in net borrowings under our revolving line of credit facility and (2) a $52.4 million decrease in stock repurchases, in each case during the current year period as compared to the prior year period.

As of September 30, 2026, our cash and cash equivalents and restricted cash balance was $109.8 million, as compared to $139.6 million as of December 31, 2025.

‎

Table of Contents

Non-GAAP Financial Measures

In this Form 10-Q, we use certain non-GAAP financial measures, including EBITDA, adjusted EBITDA, net homebuilding debt to net capital, adjusted net income and adjusted diluted earnings per share. These non-GAAP financial measures are presented to provide investors additional information to facilitate the comparison of our past and present operations. We believe these non-GAAP financial measures provide useful information to investors because they are used to evaluate our performance on a comparable year-over-year or period-over-period basis. These non-GAAP financial measures are not in accordance with, or an alternative for, GAAP measures and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures are not based on any comprehensive or standard set of accounting rules or principles. Accordingly, the calculation of our non-GAAP financial measures may differ from the definitions of other companies using the same or similar names limiting, to some extent, the usefulness of such measures for comparison purposes. Non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with our financial results as determined in accordance with GAAP. These measures should only be used to evaluate our financial results in conjunction with the corresponding GAAP measures. Accordingly, we qualify our use of non-GAAP financial information in a statement when non-GAAP financial information is presented.

EBITDA and Adjusted EBITDA

The following table presents EBITDA and adjusted EBITDA for the three and nine months ended September 30, 2026 and 2025. EBITDA and adjusted EBITDA are non-GAAP financial measures we use as a supplemental measure in evaluating operating performance. We define EBITDA as net income before (i) income tax expense, (ii) interest in cost of home sales revenues, (iii) interest expense (income), and (iv) depreciation and amortization expense. We define adjusted EBITDA as EBITDA before inventory impairment, abandonment of lot option contracts, stock-based compensation expense, restructuring costs, loss on debt extinguishment, impairment on other investment, and purchase price accounting for acquired work in process inventory, in each case as applicable during a period. We believe EBITDA and adjusted EBITDA provide an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, and other specified factors that management believes affect comparability. Accordingly, our management believes that these measurements are useful for comparing general operating performance from period to period. EBITDA and adjusted EBITDA should be considered in addition to, and not as a substitute for, consolidated net income in accordance with GAAP as a measure of performance. Our presentation of adjusted EBITDA should not be construed as an indication that our future results will be unaffected by unusual or other specified factors that management believes affect comparability. Each of our EBITDA and adjusted EBITDA is limited as an analytical tool, and should not be considered in isolation or as a substitute for analysis of our results of operations as reported under GAAP.

(dollars in thousands)


	Three Months Ended September 30,							Nine Months Ended September 30,
	2026		2025		% Change			2026		2025		% Change
Net income	$	12,617	$	37,403		(66.3)	%	$	73,174	$	111,641		(34.5)	%
Income tax expense		3,218		10,435		(69.2)	%		25,060		35,798		(30.0)	%
Interest in cost of home sales revenues		15,873		15,005		5.8	%		45,385		41,994		8.1	%
Interest expense (income)		54		876		(93.8)	%		442		445		(0.7)	%
Depreciation and amortization expense		5,365		6,005		(10.7)	%		16,107		18,868		(14.6)	%
EBITDA	$	37,127	$	69,724		(46.8)	%	$	160,168	$	208,746		(23.3)	%
Inventory impairment		19,605		3,180		516.5	%		19,605		10,951		79.0	%
Abandonment of lot option contracts		2,320		5,159		(55.0)	%		4,399		9,306		(52.7)	%
Stock-based compensation expense ⁽¹⁾		3,461		5,486		(36.9)	%		10,641		13,720		(22.4)	%
Restructuring costs		—		—		—	%		—		1,505		(100.0)	%
Loss on debt extinguishment		—		1,361		(100.0)	%		—		1,361		(100.0)	%
Purchase price accounting for acquired work in process inventory		899		2,830		(68.2)	%		2,200		6,763		(67.5)	%
Adjusted EBITDA	$	63,412	$	87,740		(27.7)	%	$	197,013	$	252,352		(21.9)	%

⁽¹⁾Beginning in the fourth quarter of 2025, we added “Stock-based compensation expense” as an adjustment in our non-GAAP adjusted EBITDA calculation. Accordingly, we have recast the corresponding prior period information to conform to the current presentation and calculation.
‎

Table of Contents

Net Homebuilding Debt to Net Capital

The following table presents our ratio of net homebuilding debt to net capital, which is a non-GAAP financial measure. We calculate this by dividing net homebuilding debt (homebuilding debt less cash and cash equivalents, and cash held in escrow) by net capital (net homebuilding debt plus total stockholders’ equity). Homebuilding debt is our total debt minus our outstanding borrowings under our construction loan agreements and our repurchase facilities. The most directly comparable GAAP measure is the ratio of homebuilding debt to total capital. We believe the ratio of net homebuilding debt to net capital is a relevant and useful financial measure to investors in understanding the leverage employed in our operations and as an indicator of our ability to obtain external financing.

(dollars in thousands)


	September 30,		December 31,
	2026		2025
Notes payable	$	1,165,321	$	1,102,376
Revolving line of credit		456,000		51,500
Construction loan agreements		(129,450)		(90,269)
Total homebuilding debt		1,491,871		1,063,607
Total stockholders' equity		2,560,998		2,591,732
Total capital	$	4,052,869	$	3,655,339
Homebuilding debt to capital		36.8%		29.1%

Total homebuilding debt	$	1,491,871	$	1,063,607
Cash and cash equivalents		(86,086)		(109,443)
Cash held in escrow		(33,740)		(48,571)
Net homebuilding debt		1,372,045		905,593
Total stockholders' equity		2,560,998		2,591,732
Net capital	$	3,933,043	$	3,497,325

Net homebuilding debt to net capital		34.9%		25.9%

‎

Table of Contents

Adjusted Net Income and Adjusted Diluted Earnings per Share

Adjusted net income and adjusted diluted earnings per share (which we refer to as “Adjusted EPS”) are non-GAAP financial measures that we believe are useful to management, investors and other users of our financial information in evaluating our operating results and understanding our operating trends without the effect of specified factors that management believes affect comparability. We believe excluding specified items that management believes affect comparability provides more comparable assessment of our financial results from period to period. We define adjusted net income as consolidated net income before (i) income tax expense; (ii) inventory impairment; (iii) abandonment of lot option contracts; (iv) restructuring costs; (v) loss on debt extinguishment; (vi) impairment on other investment; and (vii) purchase price accounting for acquired work in process inventory; in each case, as applicable during a period, less adjusted income tax expense, calculated using our estimated annual effective tax rate after discrete items for the applicable period. Adjusted EPS is calculated by dividing adjusted net income by weighted average common shares – diluted.

(in thousands, except share and per share information)


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Numerator
Net income	$	12,617	$	37,403	$	73,174	$	111,641
Denominator
Weighted average common shares outstanding - basic		28,363,406		29,645,795		28,722,425		30,266,752
Dilutive effect of stock-based compensation awards		112,862		373,358		52,089		344,259
Weighted average common shares outstanding - diluted		28,476,268		30,019,153		28,774,514		30,611,011
Earnings per share:
Basic	$	0.44	$	1.26	$	2.55	$	3.69
Diluted	$	0.44	$	1.25	$	2.54	$	3.65

Adjusted earnings per share
Numerator
Net income	$	12,617	$	37,403	$	73,174	$	111,641
Income tax expense		3,218		10,435		25,060		35,798
Income before income tax expense		15,835		47,838		98,234		147,439
Inventory impairment		19,605		3,180		19,605		10,951
Abandonment of lot option contracts		2,320		5,159		4,399		9,306
Restructuring costs		—		—		—		1,505
Loss on debt extinguishment		—		1,361		—		1,361
Purchase price accounting for acquired work in process inventory		899		2,830		2,200		6,763
Adjusted income before income tax expense		38,659		60,368		124,438		177,325
Adjusted income tax expense⁽¹⁾		(9,862)		(14,657)		(31,745)		(43,054)
Adjusted net income	$	28,797	$	45,711	$	92,693	$	134,271

Denominator - Diluted		28,476,268		30,019,153		28,774,514		30,611,011

Adjusted diluted earnings per share	$	1.01	$	1.52	$	3.22	$	4.39

⁽¹⁾The tax rates used in calculating adjusted net income for both the three and nine months ended September 30, 2026 were 25.5%, which are reflective of our GAAP tax rate for the nine months ended September 30, 2026. The tax rates used in calculating adjusted net income for both the three and nine months ended September 30, 2025 were 24.3%, which are reflective of our GAAP tax rate for the nine months ended September 30, 2025.

‎

Table of Contents

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Market risk is the risk of loss arising from adverse changes in market rates and prices, such as interest rates, inflation, foreign currency exchange rates and commodity prices. For additional information regarding our market risk, refer to the “Quantitative and Qualitative Disclosures About Market Risk” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. There have been no material changes in our market risk since December 31, 2025, other than an increase in borrowings under our line of credit as of September 30, 2026 to $456.0 million, as compared to $51.5 million as of December 31, 2025, which borrowings are subject to variable interest rates.

Interest Rates

Our primary exposure to market risk is interest rate risk associated with our Credit Agreement and construction loan agreements and the operation of our Financial Services business.

Exposure to market risk includes the impact of interest rate changes on our interest expense and the affordability of mortgage financing to homebuyers, which affects demand for our homes, as discussed in more detail in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and elsewhere in this report. Additionally, mortgage rates remained elevated during the first nine months of 2026 and are influenced by a range of market factors, and we cannot provide any assurance as to the impact of future market or policy developments on mortgage rates or our current or future business.

Our Financial Services business, which is significantly tied to the sale of our homes, utilizes mortgage-backed securities, forward commitments, option contracts, and investor commitments to protect the value of rate-locked commitments and loans held for sale from fluctuations in mortgage-related interest rates. To mitigate interest risk associated with loans held for sale, we typically use derivative financial instruments to economically hedge our exposure to risk from the time a borrower locks a loan until the time the loan is securitized. We also typically hedge our interest rate exposure through entering into interest rate swap futures.

Inflation

Our homebuilding operations have been and may continue to be adversely impacted by inflation, primarily from higher land, financing, labor, material, and construction costs. Inflation has led and could continue to lead to higher mortgage rates, which has and could continue to significantly affect the affordability of mortgage financing to homebuyers and lead to weakened demand for our homes, as well as increased cancellations compared to prior year periods. Disruptions to energy markets related to geopolitical developments in the Middle East during the first nine months of 2026 impacted fuel and transportation costs and contributed to inflationary conditions during the period. Prolonged volatility in energy prices could further pressure construction costs and negatively impact consumer confidence. Additionally, the implementation and/or potential implementation by the current U.S. Presidential Administration of tariffs and/or duties on several countries and territories could result in an inflationary environment adversely affecting our business and operating results.

Seasonality

Historically, the homebuilding industry experiences seasonal fluctuations in quarterly operating results and capital requirements. We typically experience the highest new home order activity during the spring, although this activity is also highly dependent on the number of active selling communities, timing of new community openings, and other market factors. Since it typically takes approximately three to four months to construct a new home, we typically deliver more homes in the second half of the year as spring and summer home starts convert to home deliveries. Because of this seasonality, home starts, construction costs and related cash outflows have historically been highest in the second and third quarters, and the majority of our cash receipts from home deliveries occurs during the second half of the year. This seasonality pattern may be affected by volatility in the homebuilding industry, supply chain challenges, subcontractor and labor shortages, and changes in demand for our homes.

ITEM 4. CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our co-principal executive officers and principal financial officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures (as such term is defined under Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended (which we refer to as the “Exchange Act”)) as of September 30, 2026, the end of the period covered by this Form 10-Q. Based on this evaluation, our co-principal executive officers and principal financial officer concluded that our disclosure controls and procedures were effective as of September 30, 2026 in providing reasonable assurance that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.

Table of Contents

Changes in Internal Control over Financial Reporting

There were no changes during the third quarter of 2026 in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

For a discussion of our legal proceedings, see Note 16 – Commitments and Contingencies in the Notes to Unaudited Condensed Consolidated Financial Statements in this report.

ITEM 1A. RISK FACTORS.

There have been no material changes to the risk factors we previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 that was filed with the SEC on January 29, 2026 (which we refer to as our “2025 Form 10-K”), other than: (i) the revised inflation risk factor below which supersedes and replaces in its entirety the inflation risk factor in our 2025 Form 10-K; (ii) the revised mortgage financing risk factor below which supersedes and replaces in its entirety the mortgage financing risk factor in our 2025 Form 10-K; and (iii) the revised fourth paragraph to the governmental regulation risk factor entitled “Government regulations and legal challenges may delay the start or completion of our communities, increase our expenses, and limit our homebuilding and other activities, which could adversely affect our operating results” which disclosure below supersedes and replaces the fourth paragraph to such risk factor in our 2025 Form 10-K:

Inflation has adversely affected and could continue to adversely affect our operating results.

Inflation increases our costs for land, materials, labor, and capital. If we cannot raise home prices enough to offset these higher costs, due to affordability constraints, competitive market conditions, sales prices being set months before delivery, or otherwise, our margins and other operating results could be adversely affected. Inflation is also often accompanied by higher interest rates, which can reduce housing demand. In addition, the announcements and implementation of widespread tariffs by the current U.S. Presidential Administration and retaliatory tariffs imposed in response thereto have resulted in and could continue to result in an inflationary environment having similar adverse effects. Future actions by the government to stimulate the economy may further increase the risk of inflation, which may have an adverse impact on our business and operating results. Inflation also reduces the purchasing power of our cash and increases our financing costs.

Further, geopolitical developments, including the conflict in the Middle East, have contributed to volatility in global energy markets and increases in fuel and transportation costs during the first nine months of 2026, which may further heighten inflationary pressures, especially if the conflict intensifies or persists. Sustained or worsening geopolitical instability could result in higher input costs, supply chain disruptions, and reduced consumer confidence, which, when combined with affordability pressures and elevated interest rates, could cause potential homebuyers to delay or reconsider home purchases, adversely affecting demand for our homes and our operating results.

Since many of our homebuyers require mortgage financing, the sale of our homes is dependent upon the availability of affordable mortgage financing.

Our home sales depend on homebuyers' ability to obtain affordable mortgage financing. Reduced mortgage availability, tighter lending standards, and higher interest rates or other financing costs, particularly for first-time homebuyers, which is an important customer segment for us, could significantly reduce demand for our homes and negatively impact our business and operating results.

In periods of elevated interest rates, an increasing number of homebuyers may utilize adjustable-rate mortgage loans, or ARMs, to improve affordability. Increased reliance on ARMs may make demand for our homes more sensitive to changes in interest rates, mortgage product availability and lender underwriting standards. Any such developments could negatively impact our home sales, cancellation rates, financial condition and results of operations.

Since the federal government plays a significant role in the mortgage market through Fannie Mae, Freddie Mac, the FHA and the VA, changes to these programs, such as stricter underwriting standards, higher insurance premiums, lower loan limits, or potential restructuring, privatization or elimination of Fannie Mae or Freddie Mac, could reduce liquidity in the mortgage market and limit the availability or increase the cost of long-term, fixed-rate loans. Any such changes could adversely affect interest rates, mortgage availability, and our home sales, and could increase the extent to which buyers rely on ARMs or other mortgage products that may expose them to future payment increases. Past periods of mortgage-market instability have shown that tightened credit standards, reduced investor appetite for mortgage-backed securities, and the elimination of certain loan products can materially reduce the pool of

Table of Contents

qualified buyers, especially first-time and move-up purchasers. Similar conditions in the future, including changes to federal programs or tax policies, deterioration in the market for mortgage-backed securities, reduced liquidity for ARM or other mortgage products, or other systemic disruptions in the broader mortgage market, could again depress demand for our homes. Additionally, since many homebuyers must sell existing homes to purchase new ones, limited mortgage financing, higher financing costs or increased mortgage payment burdens could delay or prevent closings, adversely affecting our business and operating results.

Government regulations and legal challenges may delay the start or completion of our communities, increase our expenses, and limit our homebuilding and other activities, which could adversely affect our operating results.

In July 2026, the 21st Century ROAD to Housing Act became law. Because many provisions of the legislation require agency rulemaking, regulatory guidance, interpretation, or action by state and local governmental authorities, the ultimate impact of the Act remains uncertain. Changes resulting from the Act could affect land development and entitlement activities, permitting timelines, environmental compliance requirements, construction and mortgage financing, housing demand, and the competitive landscape. We cannot predict the timing, scope, or magnitude of any favorable or unfavorable impacts, and the implementation of the Act could materially affect our business, financial condition, results of operations, cash flows, liquidity, or growth strategy.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

The following table summarizes the number of shares of our common stock that were purchased by us during each of the three fiscal months in our third quarter ended September 30, 2026.


	Total Number of Shares Purchased⁽¹⁾	Average Price Paid Per Share ⁽²⁾		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs
July
July 1, 2026 through July 31, 2026	—	$	—	—		1,464,687
August
August 1, 2026 through August 31, 2026	143,524		69.67	143,524		1,321,163
September
September 1, 2026 through September 30, 2026	26,379		59.89	26,379		1,294,784
Total	169,903	$	68.16	169,903

⁽¹⁾Our stock repurchase program, which was approved by our Board of Directors and publicly announced on July 24, 2024, authorizes us to repurchase up to 4.5 million shares of our outstanding common stock from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with U.S. federal securities laws. We repurchased a total of 169,903 shares during the periods indicated above under this program and 1,294,784 shares remained available to repurchase as of September 30, 2026. Our stock repurchase program has no expiration date and may be terminated by our Board of Directors at any time.

⁽²⁾The Inflation Reduction Act of 2022 imposes a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022. All dollar amounts presented exclude such excise taxes, as applicable.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5. OTHER INFORMATION.

Rule 10b5-1 Plan and Non-Rule 10b5-1 Trading Arrangement Adoptions, Terminations, and Modifications

During the three months ended September 30, 2026, none of our directors or “officers” (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of SEC Regulation S-K.

‎

Table of Contents

ITEM 6. EXHIBITS.

The following exhibits are either filed or furnished herewith or incorporated herein by reference:

Item No.		Description
3.1		Restated Certificate of Incorporation of Century Communities, Inc. (incorporated by reference to Exhibit 3.1 to Century Communities, Inc.’s Quarterly Report on Form 10-Q for quarter ended September 30, 2023 (File No. 001-36491)).
3.2		Amended and Restated Bylaws of Century Communities, Inc., effective January 1, 2025 (incorporated by reference to Exhibit 3.1 to Century Communities, Inc.’s Current Report on Form 8-K filed with the SEC on November 8, 2024 (File No. 001-36491)).
10.1*		First Amendment to Credit Agreement, dated as of September 30, 2026, by and among Century Communities, Inc., the lenders party thereto, and U.S. Bank National Association, as Administrative Agent (incorporated by reference to Exhibit 10.1 to Century Communities, Inc.’s Current Report on Form 8-K filed with the SEC on October 1, 2026 (File No. 001-36491)).
22.1		List of Guarantor Subsidiaries (filed herewith)
31.1		Certification of the Co-Principal Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended (filed herewith)
31.2		Certification of the Co-Principal Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended (filed herewith)
31.3		Certification of the Principal Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended (filed herewith)
32.1		Certification of the Co-Principal Executive Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
32.2		Certification of the Co-Principal Executive Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
32.3		Certification of the Principal Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
101.INS		Inline XBRL Instance Document (the instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document)
101.SCH		Inline XBRL Taxonomy Extension Schema Document (filed herewith)
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document (filed herewith)
101.DEF		Inline XBRL Taxonomy Definition Linkbase Document (filed herewith)
101.LAB		Inline XBRL Taxonomy Extension Labels Linkbase Document (filed herewith)
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document (filed herewith)
104		Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

___________________

*Certain annexes, schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant agrees to furnish supplementally a copy of any omitted annex, schedule or exhibit to the Securities and Exchange Commission on a confidential basis upon request.

‎

Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Century Communities, Inc.



Date: October 28, 2026	By:	/s/ Dale Francescon
		Dale Francescon
		Executive Chairman
		(Co-Principal Executive Officer)

Date: October 28, 2026	By:	/s/ Robert J. Francescon
		Robert J. Francescon
		Chief Executive Officer and President
		(Co-Principal Executive Officer)

Date: October 28, 2026	By:	/s/ J. Scott Dixon
		J. Scott Dixon
		Chief Financial Officer
		(Principal Financial and Accounting Officer)