Revenue: As of FY2025, the actual value is USD 406.69 M.EPS: As of FY2025, the actual value is USD -0.28.EBIT: As of FY2025, the actual value is USD 14.8 M.<h4>Consolidated Financial Performance</h4><ul><li>Revenue: UHG’s revenues decreased by $57.0 million, from $463.7 million in 2024 to $406.7 million in 2025, representing a -12.3% change year-over-year.</li><li>Net (Loss) Income: The company reported a net loss of - $16.3 million in 2025, a significant decrease from a net income of $46.9 million in 2024, representing a -134.6% change. This 2025 net loss included a deferred tax expense of $20.4 million and was partially offset by a $9.9 million gain from the change in fair value of derivative liabilities.</li><li>Gross Profit: Gross profit was $71.7 million in 2025, down from $79.8 million in 2024, a -10.1% decrease.</li><li>Gross Margin: Gross margin slightly increased to 17.6% in 2025 from 17.2% in 2024, a 0.4% increase.</li><li>Adjusted Gross Profit: Adjusted gross profit was $80.1 million in 2025, a decrease of - $12.3 million from $92.4 million in 2024, representing a -13.3% change.</li><li>Adjusted Gross Margin: Adjusted gross margin decreased to 19.7% in 2025 from 19.9% in 2024, a -0.2% change.</li><li>EBITDA: EBITDA was $18.0 million in 2025, down from $60.4 million in 2024, a -70.2% decrease.</li><li>EBITDA Margin: EBITDA margin decreased to 4.4% in 2025 from 13.0% in 2024, an -8.6% change.</li><li>Adjusted EBITDA: Adjusted EBITDA was $22.5 million in 2025, down from $31.6 million in 2024, a -28.7% decrease.</li><li>Adjusted EBITDA Margin: Adjusted EBITDA margin decreased to 5.5% in 2025 from 6.8% in 2024, a -1.3% change.</li><li>Income Before Taxes: Consolidated income before taxes decreased by - $36.7 million, from $37.2 million in 2024 to $0.5 million in 2025, a -98.7% change.</li><li>Goodwill Impairment: UHG recorded a goodwill impairment of - $1.1 million in 2025.</li><li>Loss on Extinguishment of Convertible Notes: A loss of - $45.6 million was recorded in 2024 related to the redemption of Convertible Notes.</li><li>Change in Fair Value of Derivative Liabilities: A gain of $9.9 million was recorded in 2025, compared to a gain of $88.7 million in 2024, an -88.8% change.</li></ul><h4>Segmented Performance (Year Ended December 31, 2025 vs. 2024)</h4><ul><li>GSH South Carolina:<ul><li>Revenue: Decreased to $358.7 million in 2025 from $419.5 million in 2024, a -14.5% change.</li><li>Closings: Decreased by -18.6%.</li><li>Average Sales Price (ASP): Increased by 3.4%.</li><li>Income Before Taxes: Decreased to $14.6 million in 2025 from $30.2 million in 2024, a -51.7% change.</li></ul></li><li>Rosewood:<ul><li>Revenue: Increased to $32.8 million in 2025 from $25.8 million in 2024, a 27.6% change.</li><li>Closings: Increased by 33.3%.</li><li>Average Sales Price (ASP): Decreased by -3.2%.</li><li>Income Before Taxes: Improved to - $1.1 million in 2025 from - $1.5 million in 2024, a 25.2% improvement, including - $0.6 million of goodwill impairment in 2025.</li></ul></li><li>Other (Raleigh, NC Homebuilding Operations):<ul><li>Revenue: Decreased to $15.1 million in 2025 from $18.5 million in 2024, a -18.4% change.</li><li>Closings: Remained unchanged.</li><li>Average Sales Price (ASP): Decreased by -18.0%.</li><li>Income Before Taxes: Improved to - $1.2 million in 2025 from - $2.9 million in 2024, a 59.0% improvement, including - $0.5 million in goodwill impairment in 2025.</li></ul></li></ul><h4>Operational Metrics (Year Ended December 31, 2025 vs. 2024)</h4><ul><li>Active Communities: Increased to 57 in 2025 from 46 in 2024, a 23.9% increase.</li><li>Home Closings: Decreased to 1,192 in 2025 from 1,431 in 2024, a -16.7% change.</li><li>Average Sales Price of Homes Closed: Increased to $341,314 in 2025 from $329,111 in 2024, a 3.7% increase.</li><li>Net New Orders (units): Decreased to 1,227 in 2025 from 1,399 in 2024, a -12.3% change.</li><li>Cancellation Rate: Increased to 13.0% in 2025 from 11.4% in 2024, a 1.6% increase.</li><li>Backlog Inventory: Increased to 192 units in 2025 from 157 units in 2024, a 22.3% increase.</li><li>Backlog Inventory - Value: Increased to $68.1 million in 2025 from $58.3 million in 2024, a 16.9% increase.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Flows (Used in) Provided by Operating Activities: UHG used - $19.6 million in operating activities in 2025, a shift from $15.4 million provided by operating activities in 2024.</li><li>Net Cash Flows Used in Investing Activities: Cash used decreased to - $1.9 million in 2025 from - $12.6 million in 2024.</li><li>Net Cash Flows Provided by (Used in) Financing Activities: UHG generated $21.6 million from financing activities in 2025, a change from - $34.0 million used in 2024.</li></ul><h4>Unique Metrics</h4><ul><li>Lot Deposits: Totaled $40.5 million in 2025, controlling 6,941 option lots, compared to $48.2 million controlling 7,565 option lots in 2024.</li><li>Owned or Controlled Lots: Totaled 7,225 in 2025 (284 owned, 6,941 controlled) compared to 7,690 in 2024 (125 owned, 7,565 controlled).</li></ul><h4>Outlook / Guidance</h4>UHG entered into a Merger Agreement on February 22, 2026, to be acquired by Stanley Martin Homes, LLC, for $1.18 per share of Class A and Class B common stock. The merger is expected to close in the second quarter of 2026, after which UHG will become a privately held company and its stock and warrants will be delisted from Nasdaq. The per share amount will not be adjusted for changes in UHG’s value or market conditions.

UNITED HOMES GROUP INC C/WTS 30/03/2028 (TO PUR COM) | 10-K: FY2025 Revenue: USD 406.69 M