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.

Consolidated Financial Performance

• 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.
• 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.
• Gross Profit: Gross profit was $71.7 million in 2025, down from $79.8 million in 2024, a -10.1% decrease.
• Gross Margin: Gross margin slightly increased to 17.6% in 2025 from 17.2% in 2024, a 0.4% increase.
• 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.
• Adjusted Gross Margin: Adjusted gross margin decreased to 19.7% in 2025 from 19.9% in 2024, a -0.2% change.
• EBITDA: EBITDA was $18.0 million in 2025, down from $60.4 million in 2024, a -70.2% decrease.
• EBITDA Margin: EBITDA margin decreased to 4.4% in 2025 from 13.0% in 2024, an -8.6% change.
• Adjusted EBITDA: Adjusted EBITDA was $22.5 million in 2025, down from $31.6 million in 2024, a -28.7% decrease.
• Adjusted EBITDA Margin: Adjusted EBITDA margin decreased to 5.5% in 2025 from 6.8% in 2024, a -1.3% change.
• 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.
• Goodwill Impairment: UHG recorded a goodwill impairment of - $1.1 million in 2025.
• Loss on Extinguishment of Convertible Notes: A loss of - $45.6 million was recorded in 2024 related to the redemption of Convertible Notes.
• 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.

Segmented Performance (Year Ended December 31, 2025 vs. 2024)

• GSH South Carolina:
  • Revenue: Decreased to $358.7 million in 2025 from $419.5 million in 2024, a -14.5% change.
  • Closings: Decreased by -18.6%.
  • Average Sales Price (ASP): Increased by 3.4%.
  • Income Before Taxes: Decreased to $14.6 million in 2025 from $30.2 million in 2024, a -51.7% change.
• Rosewood:
  • Revenue: Increased to $32.8 million in 2025 from $25.8 million in 2024, a 27.6% change.
  • Closings: Increased by 33.3%.
  • Average Sales Price (ASP): Decreased by -3.2%.
  • 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.
• Other (Raleigh, NC Homebuilding Operations):
  • Revenue: Decreased to $15.1 million in 2025 from $18.5 million in 2024, a -18.4% change.
  • Closings: Remained unchanged.
  • Average Sales Price (ASP): Decreased by -18.0%.
  • 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.

Operational Metrics (Year Ended December 31, 2025 vs. 2024)

• Active Communities: Increased to 57 in 2025 from 46 in 2024, a 23.9% increase.
• Home Closings: Decreased to 1,192 in 2025 from 1,431 in 2024, a -16.7% change.
• Average Sales Price of Homes Closed: Increased to $341,314 in 2025 from $329,111 in 2024, a 3.7% increase.
• Net New Orders (units): Decreased to 1,227 in 2025 from 1,399 in 2024, a -12.3% change.
• Cancellation Rate: Increased to 13.0% in 2025 from 11.4% in 2024, a 1.6% increase.
• Backlog Inventory: Increased to 192 units in 2025 from 157 units in 2024, a 22.3% increase.
• Backlog Inventory - Value: Increased to $68.1 million in 2025 from $58.3 million in 2024, a 16.9% increase.

Cash Flow

• 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.
• Net Cash Flows Used in Investing Activities: Cash used decreased to - $1.9 million in 2025 from - $12.6 million in 2024.
• 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.

Unique Metrics

• 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.
• 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).

Outlook / Guidance

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.