---
title: "UNITED HOMES GROUP INC C/WTS 30/03/2028 (TO PUR COM) | 8-K: FY2025 Q3 Revenue: USD 90.79 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264642110.md"
datetime: "2025-11-06T12:04:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264642110.md)
  - [en](https://longbridge.com/en/news/264642110.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264642110.md)
---

# UNITED HOMES GROUP INC C/WTS 30/03/2028 (TO PUR COM) | 8-K: FY2025 Q3 Revenue: USD 90.79 M

Revenue: As of FY2025 Q3, the actual value is USD 90.79 M.

EPS: As of FY2025 Q3, the actual value is USD -0.53.

EBIT: As of FY2025 Q3, the actual value is USD 681 K.

### Segment Revenue

-   Revenue, net of sales discounts, for Q3 2025 was $90.8 million, compared to $118.6 million in Q3 2024.
-   Revenue, net of sales discounts, for the nine months ended September 30, 2025, was $283.3 million, compared to $328.9 million for the same period in 2024.

### Operational Metrics

-   Home closings for Q3 2025 were 262, a decrease of 29% from 369 in Q3 2024.
-   Net new orders for Q3 2025 were 324, a decrease of 5% from 341 in Q3 2024.
-   Gross margin for Q3 2025 was 17.7%, down from 18.9% in Q3 2024.
-   Adjusted gross margin for Q3 2025 was 19.6%, down from 20.6% in Q3 2024.
-   Selling, general and administrative expenses (SG&A) as a percentage of revenues for Q3 2025 was 19.4%, which included $1.9 million of stock-based compensation and $0.7 million of transaction-related expenses.
-   Adjusted SG&A for Q3 2025 was 16.5% of revenues.
-   Adjusted EBITDA for Q3 2025 was $3.8 million, compared to $9.0 million in Q3 2024.
-   Net loss for Q3 2025 was $31.3 million, or $0.53 per diluted share, compared to a net loss of $7.3 million, or $0.15 per diluted share, in Q3 2024.
-   Total stockholders’ equity for Q3 2025 was $52.9 million.
-   Adjusted book value for Q3 2025 was $94.8 million.

### Cash Flow

-   Available liquidity as of September 30, 2025, was $83.1 million, comprised of $25.6 million of cash and $57.5 million of unused committed capacity under the credit facility.

### Unique Metrics

-   Average sale price (ASP) of production-built homes for Q3 2025 was approximately $346,000, compared to $320,000 in Q3 2024, representing an increase of approximately 8.1%.
-   Lot pipeline as of September 30, 2025, consisted of approximately 7,700 lots owned or controlled by the Company or related parties.

### Outlook / Guidance

-   The Company continues to focus on improving operations and executing key initiatives and strategies to improve profitability and better position the Company for future success.
-   Management expects continued pressure from key relationships if the Company is unable to successfully navigate current challenges.

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