United Homes Group Warrant (UHGWW) Financials
Newest figures come from the 10-K for FY2025, filed Mar 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the UHGWW SEC filings page.
United Homes Group, Inc. Warrant (UHGWW) reported $406.7M in revenue for fiscal year 2025, down 12.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 exposed a business where gross-margin stability could not offset operating break-even, cash outflow, and rising leverage.
Revenue fell12.3% from FY2024 to FY2025 even as gross margin increased 0.4 percentage points, indicating pressure from lower volume rather than broad margin deterioration. Yet operating cash flow shifted from$15M to-$20M over the same period, so gross-margin resilience did not translate into cash generation.
Revenue fell
Liabilities rose
Financial Health Signals
We do not publish a peer-relative financial health score for United Homes Group, Inc. Warrant, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
United Homes Group, Inc. Warrant passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). No profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
United Homes Group, Inc. Warrant reported a net loss of $16.3M while operations used $19.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
United Homes Group, Inc. Warrant reported an operating loss of $29K against $14.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
United Homes Group, Inc. Warrant generated $123.4M in revenue in Q4 2025. This represents a decrease of 8.5% from the same quarter a year earlier. Against the prior quarter it is up 35.9%.
United Homes Group, Inc. Warrant's EBITDA was $2.4M in Q4 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.2% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
United Homes Group, Inc. Warrant reported $3.2M in net income in Q4 2025. This represents an increase of 380.4% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
United Homes Group, Inc. Warrant earned $0.05 per diluted share (EPS) in Q4 2025. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
United Homes Group, Inc. Warrant generated $616K in free cash flow in Q4 2025, representing cash available after capex. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
United Homes Group, Inc. Warrant held $24.4M in cash against $67.5M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Margins & Returns
United Homes Group, Inc. Warrant's gross margin was 17.5% in Q4 2025, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.
United Homes Group, Inc. Warrant's operating margin was 1.3% in Q4 2025, reflecting core business profitability. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.0 percentage points.
United Homes Group, Inc. Warrant's net profit margin was 2.6% in Q4 2025, showing the share of revenue converted to profit. This is up 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 37.1 percentage points.
United Homes Group, Inc. Warrant's quarterly ROE was 5.6% in Q4 2025: one quarter's net income over shareholder equity, not annualized. This is up 4.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 64.7 percentage points.
Capital Allocation
United Homes Group, Inc. Warrant invested $784K in capex in Q4 2025, funding long-term assets and infrastructure. Against the prior quarter it is down 21.5%.
Not reported for Q4 2025.
Not reported for Q4 2025.
UHGWW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $123.4M-8.5% | $90.8M-23.5% | $105.5M-3.6% | $87.0M-13.7% | $134.8M+15.4% | $118.6M+35.2% | $109.4M-10.4% | $100.8M+6.3% |
| Cost of Revenue | $101.7M-10.0% | $74.7M-22.4% | $85.6M-4.7% | $72.9M-14.0% | $113.0M+18.7% | $96.3M+36.9% | $89.8M-8.5% | $84.7M+8.6% |
| Gross Profit | $21.6M-0.6% | $16.0M-28.3% | $19.9M+1.7% | $14.1M-12.2% | $21.8M+0.7% | $22.4M+28.6% | $19.6M-18.1% | $16.1M-4.1% |
| SG&A Expenses | $20.0M+3.5% | $17.6M-6.0% | $18.0M-8.1% | $16.2M-5.2% | $19.3M+4.9% | $18.7M+37.1% | $19.6M+20.1% | $17.1M+2.2% |
| Operating Income | $1.6M-33.2% | -$1.5M-141.3% | $1.9Mn/m | -$2.0Mn/m | $2.4M-23.4% | $3.7M-2.3% | -$36K-100.5% | -$960K-1162.3% |
| EBITDA | $2.4M-18.2% | -$882K-120.9% | $2.4M+449.5% | -$1.5Mn/m | $2.9M-30.9% | $4.2M+10.8% | $440K-94.2% | -$510K-376.7% |
| Interest Expense | $3.5M-29.4% | $3.4M-35.0% | $4.0M-23.3% | $4.0M-29.9% | $4.9M | $5.2M | $5.2M | $5.7M |
| Income Tax | $17.7Mn/m | $598Kn/m | -$269K-297.8% | -$1.3Mn/m | -$8.6M-1579.0% | -$44K-102.5% | $136K-94.9% | -$1.2Mn/m |
| Net Income | $3.2M+380.4% | -$31.3Mn/m | -$6.3M-122.1% | $18.2M-27.1% | $667Kn/m | -$7.3M-104.9% | $28.6M-88.3% | $24.9Mn/m |
| EPS (Basic) | $0.05 | -$0.53n/m | -$0.11-118.6% | $0.31-40.4% | $0.00 | -$0.15-104.8% | $0.59-88.4% | $0.52 |
| EPS (Diluted) | $0.05 | -$0.53n/m | -$0.11-122.0% | $0.31-29.5% | $0.04 | -$0.15-106.4% | $0.50-88.3% | $0.44 |
| Diluted Shares (Avg) | N/A | 59M+21.5% | 59M-7.5% | 59M-6.9% | N/A | 48M-25.3% | 63M+9.5% | 63M |
Not reported in any period shown, so not listed: R&D Expenses.
UHGWW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $276.6M+4.2% | $293.1M+3.7% | $281.1M-1.0% | $266.2M-7.3% | $265.4M-11.1% | $282.6M+10.0% | $284.0M+15.0% | $287.2M+1.2% |
| Cash & Equivalents | $24.4M+7.9% | $25.6M-0.7% | $36.5M+46.6% | $25.0M-12.7% | $22.6M-60.1% | $25.8M-68.2% | $24.9M-73.1% | $28.7M-74.2% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $180.4M+29.5% | $174.6M+6.2% | $144.5M-14.4% | $138.4M | $139.3M-23.8% | $164.5M | $168.8M | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $8.1M-12.4% | $9.3M0.0% | $9.3M0.0% | $9.3M0.0% | $9.3M+62.6% | $9.3M | $9.3M | $9.3M |
| Total Liabilities | $219.3M+10.5% | $240.2M-8.6% | $198.9M-23.0% | $179.1M-38.6% | $198.5M-39.8% | $262.8M+18.3% | $258.3M-29.0% | $291.9M-54.9% |
| Long-Term Debt | $67.5M+0.4% | $67.4M | $67.3M | $67.2M | $67.2M | N/A | N/A | N/A |
| Total Equity | $57.4M-14.2% | $52.9M+167.4% | $82.2M+219.1% | $87.1Mn/m | $66.9Mn/m | $19.8M-43.0% | $25.7Mn/m | -$4.7Mn/m |
| Retained Earnings | -$3.3M-125.8% | -$6.5M-153.3% | $24.8M+26.4% | $31.1Mn/m | $12.9Mn/m | $12.3M-62.8% | $19.6Mn/m | -$9.0Mn/m |
Not reported in any period shown, so not listed: Current Assets, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
UHGWW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.4M-94.9% | -$23.8M-430.8% | $1.6Mn/m | $1.2Mn/m | $27.4Mn/m | $7.2Mn/m | -$1.2M-104.6% | -$17.9M-177.6% |
| Depreciation & Amortization | $770K+55.2% | $643K+22.9% | $515K+8.2% | $492K+9.3% | $496K+507.6% | $523K+2116.7% | $476K+1188.6% | $450K+379.0% |
| Stock-Based Compensation | N/A | N/A | N/A | $2.0M+29.6% | N/A | N/A | N/A | $1.5M-66.4% |
| Capital Expenditures | $784K | $999K+33200.0% | $261Kn/m | $8K-72.4% | N/A | $3Kn/m | $0n/m | $29K-51.0% |
| Free Cash Flow | $616K | -$24.8M-444.8% | $1.3Mn/m | $1.2Mn/m | N/A | $7.2Mn/m | -$1.2M-104.6% | -$17.9M-178.0% |
| Investing Cash Flow | -$736K-666.2% | -$978K-5852.9% | -$239K-1357.9% | $63Kn/m | $130Kn/m | $17Kn/m | $19K-38.9% | -$12.8M-185691.6% |
| Financing Cash Flow | -$2.0Mn/m | $13.8Mn/m | $8.8Mn/m | $1.1M-58.0% | -$27.8M-286.7% | -$6.3Mn/m | -$2.5Mn/m | $2.6M-96.5% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
UHGWW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.5%+1.4pp | 17.7%-1.2pp | 18.9%+1.0pp | 16.2%+0.3pp | 16.2%-2.4pp | 18.9%-1.0pp | 17.9%-1.7pp | 16.0%-1.7pp |
| Operating Margin | 1.3%-0.5pp | -1.7%-4.8pp | 1.8%+1.8pp | -2.3%-1.4pp | 1.8%-0.9pp | 3.1%-1.2pp | 0.0%-6.2pp | -0.9%-1.0pp |
| Net Margin | 2.6%+2.1pp | -34.5%-28.3pp | -6.0%-32.2pp | 20.9%-3.8pp | 0.5%+57.5pp | -6.2% | 26.2% | 24.7% |
| Return on Equity | 5.6%+4.6pp | -59.2%-22.1pp | -7.7%-119.0pp | 20.9% | 1.0% | -37.1%-471.4pp | 111.2% | N/A |
| Return on Assets | 1.2%+0.9pp | -10.7%-8.1pp | -2.3%-12.3pp | 6.8%-1.9pp | 0.3%+22.6pp | -2.6%-61.3pp | 10.1%-89.3pp | 8.7%+80.8pp |
| Debt-to-Equity | 1.18+0.2x | 1.27 | 0.82 | 0.77 | 1.00 | N/A | N/A | N/A |
| Liabilities-to-Equity | 3.82+0.9x | 4.54-8.7x | 2.42-7.6x | 2.06 | 2.97 | 13.28+6.9x | 10.03 | N/A |
| Asset Turnover | 0.45-0.1x | 0.31-0.1x | 0.380.0x | 0.330.0x | 0.51+0.1x | 0.42+0.1x | 0.39-0.1x | 0.350.0x |
| FCF Margin | 0.5% | -27.3%-33.3pp | 1.2%+2.4pp | 1.4%+19.2pp | N/A | 6.0%+11.5pp | -1.1%-23.5pp | -17.8%-42.0pp |
Not reported in any period shown, so not listed: Current Ratio.
Where United Homes Group, Inc. Warrant Ranks
Frequently Asked Questions
United Homes Group, Inc. Warrant (UHGWW) reported $406.7M in total revenue for fiscal year 2025. This represents a -12.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
United Homes Group, Inc. Warrant (UHGWW) revenue declined by 12.3% year-over-year, from $463.7M to $406.7M in fiscal year 2025.
No, United Homes Group, Inc. Warrant (UHGWW) reported a net loss of $16.3M in fiscal year 2025, with a net profit margin of -4.0%.
United Homes Group, Inc. Warrant (UHGWW) had EBITDA of $2.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, United Homes Group, Inc. Warrant (UHGWW) had $24.4M in cash and equivalents against $67.5M in long-term debt.
United Homes Group, Inc. Warrant (UHGWW) had a gross margin of 17.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
United Homes Group, Inc. Warrant (UHGWW) had an operating margin of 0.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
United Homes Group, Inc. Warrant (UHGWW) had a net profit margin of -4.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
United Homes Group, Inc. Warrant (UHGWW) has a return on equity of -28.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
United Homes Group, Inc. Warrant (UHGWW) recorded an outflow of $21.6M in free cash flow during fiscal year 2025. This represents a -240.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
United Homes Group, Inc. Warrant (UHGWW) recorded an outflow of $19.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
United Homes Group, Inc. Warrant (UHGWW) had $276.6M in total assets as of fiscal year 2025, including both current and long-term assets.
United Homes Group, Inc. Warrant (UHGWW) invested $2.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
United Homes Group, Inc. Warrant (UHGWW) had a debt-to-equity ratio of 1.18 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
United Homes Group, Inc. Warrant (UHGWW) had a liabilities-to-equity ratio of 3.82 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
United Homes Group, Inc. Warrant (UHGWW) had a return on assets of -5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
At the end of fiscal year 2025, United Homes Group, Inc. Warrant (UHGWW) held $24.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $19.6M over that year. Dividing the one by the other, the reported balance equals about 15 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
United Homes Group, Inc. Warrant (UHGWW) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
United Homes Group, Inc. Warrant (UHGWW) reported a net loss of $16.3M while operations used $19.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
United Homes Group, Inc. Warrant (UHGWW) reported an operating loss of $29K against $14.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.