LGIH · Full Picture

LGI Homes, Inc. — the full picture

Earnings window · 2026-04-07 to 2026-07-25 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Backlog and Order Trends · Demand, orders & backlogPriority 76
    +36.2% revenue; 1 forward row(s)
    The cancellation rate increased to 45.6% in the three months ended March 31, 2026 from 16.3% in the three months ended March 31, 2025.
  2. Financing Activities and Borrowings · Debt, leverage & refinancingPriority 71
    -43.8% liability (realized)
    Net cash provided by financing activities was $48.7 million during the three months ended March 31, 2026.
  3. Senior Notes Offering · Debt, leverage & refinancingPriority 65
    -10.0% liability (realized)
    On June 28, 2021, LGI Homes issued $300.0 million aggregate principal amount of 4.000% Senior Notes due 2029.
  4. Home Closings and Orders · Demand, orders & backlogPriority 59
    -9.0% revenue (realized)
    Key home sales revenues for the three months ended March 31, 2026 were $319.7 million, a decrease of 9.0% from $351.4 million in the three months ended March 31, 2025.
  5. Stock Repurchase Program · Buybacks & dividendsPriority 57
    qualitative only
    In February 2022 the Board approved a $200.0 million increase to the stock repurchase program, authorizing up to $550.0 million of repurchases in total.
  6. Capital Return Program · Buybacks & dividendsPriority 54
    qualitative only
  7. Geographic Market Commentary · Geographic mixPriority 54
    -9.0% revenue (realized)
    Home sales revenues in the Southeast segment decreased by $29.4 million, or 28.9%, during the three months ended March 31, 2026 compared to the three months ended March 31, 2025, primarily due to a 29.8% decrease in the number of homes closed.
  8. Interest Rate and Refinancing Exposure · Interest ratesPriority 54
    qualitative only
  9. Revolving Credit Facility · Debt, leverage & refinancingPriority 54
    qualitative only
    Under the Credit Agreement the Applicable Margin ranges from 145 basis points to 210 basis points based on the Company’s leverage ratio as determined in accordance with a pricing grid.
  10. Wholesale Channel Decline · Customers & concentrationPriority 51
    qualitative only
    Included within home sales revenues for the three months ended March 31, 2026 was $29.8 million in wholesale revenues resulting from 111 home closings, representing 12.6% of the 881 total homes closed during the period.
  11. Homes in Inventory and Construction Capacity · Supply chain & operationsPriority 50
    qualitative only
    As of March 31, 2026 the company had 2,266 completed homes, including information centers, and 1,355 homes in progress.
  12. LGI Living Loan Agreement · UnclassifiedPriority 47
    -1.1% liability; 3 forward row(s)
    If an event of default exists under the LGI Living Loan Agreement the lender may accelerate maturity of the loan and exercise other rights and remedies.

Threads by pillar

Revenue & Demand Priority 89 · 5 threads

Costs & Margins Priority 76 · 6 threads

Capital & Balance Sheet Priority 93 · 11 threads

Strategy & Portfolio Priority 31 · 1 thread

Legal, Regulatory & Policy Priority 23 · 1 thread

Macro & Market Conditions Priority 59 · 3 threads

Unclassified Priority 52 · 2 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+36.2%+36.2%-18.1%
liability-2.5%+2.5%-54.3%
net_income——-2.0%
operating_income——+1.8%
cash——+1.9%
assets——+0.2%
margin——-1.9%