LGIH · 10-Q · 2026Q1 · Full report

Stock Repurchase Program

LGI Homes, Inc. · 2026-04-28 · Importance 42 · Surprise 14

The Board authorized a $200.0 million increase in February 2022 to bring the total authorized repurchase capacity to $550.0 million; as of March 31, 2026 the company may still repurchase up to $157.3 million of common stock under the program. No shares were repurchased during the three months ended March 31, 2026; 41,685 shares were repurchased during the comparable 2025 quarter at a cost of $3.1 million. Since inception in 2018 the company has repurchased a total of 3,656,592 shares, and future repurchases remain at management’s discretion subject to market, legal and covenant constraints. The program’s remaining capacity and the February 2022 increase represent a material potential use of cash but purchases have been suspended in Q1 2026.

Key facts

• 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.
• As of March 31, 2026, LGI Homes may purchase up to $157.3 million of shares under its stock repurchase program.
• Since the stock repurchase program commenced in 2018, LGI Homes has repurchased a total of 3,656,592 shares of common stock.
• During the three months ended March 31, 2025, LGI Homes repurchased 41,685 shares at a total cost of $3.1 million to be held as treasury stock.
• During the three months ended March 31, 2025, LGI Homes repurchased $3.1 million of shares of common stock under the stock repurchase program to be held as treasury stock.
• During the three months ended March 31, 2026, LGI Homes did not repurchase any shares of its common stock.