---
title: "LGI Homes 10-Q: Revenue $319.7M, EPS $0.09"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284446920.md"
description: "LGI Homes reported Q1 revenues of $319.7 million, down 9.0% year-over-year, with diluted EPS of $0.09, a decline from $0.17. Net income fell 45.1% to $2.16 million due to lower closings and margin pressures. The company is focusing on affordable, move-in ready homes and has reduced selling and G&A costs. Net orders decreased by 15%, while backlog increased by 63% to 1,699 homes valued at $660.5 million. Gross margin percentage contracted due to inventory impairments and higher capitalized interest."
datetime: "2026-04-28T20:41:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284446920.md)
  - [en](https://longbridge.com/en/news/284446920.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284446920.md)
---

# LGI Homes 10-Q: Revenue $319.7M, EPS $0.09

LGI Homes reported quarterly home sales revenues of $319.7 million and diluted earnings per share of $0.09, with net income of $2.16 million as the company navigated lower closings and margin pressures. Revenue fell 9.0% year-over-year while EPS declined from $0.17 to $0.09, reflecting discounts on older inventory, impairments and higher capitalized interest that weighed on profitability. Management reduced selling and G&A costs and continued focusing on affordable, move-in ready product to stabilize operations.

**Financial Highlights**

-   **Home sales revenues**: $319.7 million, down 9.0% versus prior year quarter
-   **Gross margin**: $59.9 million, 18.7% of home sales revenues (down from 21.0%)
-   **Operating income (loss)**: $(0.6) million, versus $0.2 million in the prior year quarter
-   **Net income**: $2.16 million, down 45.1% versus prior year quarter
-   **Diluted net income per share**: $0.09 (basic $0.09), down from $0.17 diluted in the prior year quarter

**Business Highlights**

-   **Revenue trend drivers**: Home sales revenues declined 9.0% year-over-year driven by an 11.5% decrease in closings despite a 2.9% rise in average selling price to $362.9 thousand.
-   **Channel shift**: Wholesale demand weakened, with wholesale closings falling to 12.6% of total closings from 18.0%, reducing the wholesale contribution to overall revenues.
-   **Brand and inventory strategy**: Continued emphasis on affordable, move-in ready homes under the LGI and Terrata brands, including targeted discounts to clear older inventory.
-   **Operational activity and backlog**: Net orders declined 15% while ending backlog increased 63% to 1,699 homes, valued at $660.5 million, reflecting slower order-to-close conversion and elevated cancellations.
-   **Margins and cost actions**: Gross margin percentage contracted amid inventory impairments, discounts and higher capitalized interest; selling and general & administrative costs were reduced through efficiency measures.

Original SEC Filing: LGI Homes, Inc. \[ LGIH \] - 10-Q - Apr. 28, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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