United Homes Group, Inc.UHGEarnings & Financial Report
Invitation Homes Inc. is a public company traded on the New York Stock Exchange. It is headquartered in the Lincoln Center building in Dallas, Texas. Dallas B. Tanner is chief executive officer. As of 2017, the company was reportedly the largest owner of single-family rental homes in the United States. As of July 2024, the company owned about 84,000 rental homes in 16 markets. Seventeen percent of their rental income is from California.
UHG Q4 FY2025 Key Financial Metrics
Revenue
$123.4M
Gross Profit
$21.6M
Operating Profit
$1.6M
Net Profit
$3.2M
Gross Margin
17.5%
Operating Margin
1.3%
Net Margin
2.6%
YoY Growth
-8.5%
EPS
$0.05
United Homes Group, Inc. Q4 FY2025 Financial Summary
United Homes Group, Inc. reported revenue of $123.4M (down 8.5% YoY) for Q4 FY2025, with a net profit of $3.2M (up 380.4% YoY) (2.6% margin). Cost of goods sold was $101.7M, operating expenses totaled $20.0M.
Key Financial Metrics
| Total Revenue | $123.4M |
|---|---|
| Net Profit | $3.2M |
| Gross Margin | 17.5% |
| Operating Margin | 1.3% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
United Homes Group, Inc. Q4 FY2025 revenue of $123.4M breaks down across 3 segments, led by GSH South Carolina at $116.3M (94.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| GSH South Carolina | $116.3M | 94.3% |
| Rosewood | $5.9M | 4.8% |
| Other Segment | $1.1M | 0.9% |
United Homes Group, Inc. Revenue by Segment — Quarterly Trend
United Homes Group, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as GSH South Carolina and Rosewood) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| GSH South Carolina | $116.3M | $79.5M | $90.9M | $72.0M |
| Rosewood | $5.9M | $8.4M | $10.8M | $7.7M |
| Other Segment | $1.1M | $2.9M | $3.8M | $7.3M |
United Homes Group, Inc. Annual Revenue by Year
United Homes Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $406.7M).
United Homes Group, Inc. Quarterly Revenue & Net Profit History
United Homes Group, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $123.4M | -8.5% | $3.2M | 2.6% |
| Q3 FY2025 | $90.8M | -23.5% | $-31.3M | -34.5% |
| Q2 FY2025 | $105.5M | -3.6% | $-6.3M | -6.0% |
| Q1 FY2025 | $87.0M | -13.7% | $18.2M | 20.9% |
| Q4 FY2024 | $134.8M | +15.4% | $667.0K | 0.5% |
| Q3 FY2024 | $118.6M | +35.2% | $-7.3M | -6.2% |
| Q2 FY2024 | $109.4M | -10.4% | $28.6M | 26.2% |
| Q1 FY2024 | $100.8M | +6.3% | $24.9M | 24.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $100.8M | $109.4M | $118.6M | $134.8M | $87.0M | $105.5M | $90.8M | $123.4M |
| YoY Growth | 6.3% | -10.4% | 35.2% | 15.4% | -13.7% | -3.6% | -23.5% | -8.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $287.2M | $284.0M | $282.6M | $265.4M | $266.2M | $281.1M | $293.1M | $276.6M |
| Liabilities | $291.9M | $258.3M | $262.8M | $198.5M | $179.1M | $198.9M | $240.2M | $219.3M |
| Equity | $-4.7M | $25.7M | $19.8M | $66.9M | $87.1M | $82.2M | $52.9M | $57.4M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-17.9M | $-1.2M | $7.2M | $27.4M | $1.2M | $1.6M | $-23.8M | $1.4M |