Century Communities Reports Second Quarter 2026 Results

Rhea-AI Summary

Century Communities (NYSE: CCS) reported second quarter 2026 net income of $36.1 million, or $1.26 diluted EPS, up about 11% year over year and 50% sequentially, on $927.2 million in total revenues. Home sales revenues were $897.5 million from 2,506 deliveries, with an average sales price of $358,200. Net new home contracts were 2,615 and backlog stood at 1,264 homes valued at $469.3 million. Community count reached a record 330. Adjusted homebuilding gross margin was 20.0%, and adjusted EBITDA was $78.2 million. The company ended the quarter with $2.6 billion of stockholders’ equity, $802.4 million in liquidity, and record book value per share of $90.24. Century repurchased 352,811 shares for $19.6 million and maintained its quarterly dividend of $0.32 per share, while raising full‑year 2026 guidance to 9,750–10,500 home deliveries and $3.5–$3.8 billion in home sales revenues.

Positive

• Diluted EPS $1.26, approximately 11% higher year over year and 50% sequentially
• Record community count of 330 selling communities as of June 30, 2026
• Record book value per share of $90.24 and stockholders’ equity of $2.57 billion
• Liquidity of $802.4 million, including $132.0 million of cash and escrow balances
• Share repurchases of 352,811 shares for $19.6 million plus a $0.32 quarterly dividend
• Raised 2026 guidance to 9,750–10,500 deliveries and $3.5–$3.8 billion home sales revenues

Negative

• First-half 2026 net income declined to $60.6 million from $74.2 million year over year
• First-half diluted EPS fell to $2.09 from $2.40 in the prior-year period

News Explained

The completed second-quarter report shows Century Communities repurchased $19.6 million of common stock; reported shares outstanding were 28,432,620 on June 30, 2026, versus 29,050,515 on December 31, 2025, leaving a smaller reported share base.

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- Deliveries of 2,506 Homes Generating $927.2 Million in Total Revenues -

- Net New Home Contracts of 2,615 -

- Ending Community Count Increased Sequentially to 330, a Company Record -

- Net Income of $36.1 Million, or $1.26 Per Diluted Share -

- Book Value Per Share of $90.24, a Company Record -

GREENWOOD VILLAGE, Colo., July 22, 2026 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its second quarter ended June 30, 2026.

Second Quarter 2026 Highlights

• Net income of $36.1 million, or $1.26 per diluted share
• Adjusted net income of $37.3 million, or $1.30 per diluted share
• Total revenues of $927.2 million
• Community count of 330, a Company record
• Deliveries of 2,506 homes
• Net new home contracts of 2,615
• Homebuilding gross margin of 18.1%
• Adjusted homebuilding gross margin of 20.0%
• Repurchased 352,811 shares of common stock for $19.6 million

"We delivered strong second quarter results despite continued headwinds from macro challenges and weak consumer sentiment, with earnings per diluted share of $1.26 increasing by 11% on a year-over-year basis and 50% sequentially," said Dale Francescon, Executive Chairman. "We continued to invest in our business and ended the quarter with 330 open communities, a Company record. Our balance sheet remains strong with $2.6 billion of stockholders' equity and $802 million of liquidity, and we repurchased 352,811 shares of our common stock for $19.6 million at a 38% discount to our Company record book value per share of $90.24 while maintaining our quarterly cash dividend of $0.32 per share and continuing to position Century for future growth."

Rob Francescon, Chief Executive Officer and President, said, "Our deliveries of 2,506 homes grew by 25% on a sequential basis and exceeded our guidance on stronger order activity, with our net orders of 2,615 homes increasing by 3% on a year-over-year basis and 10% sequentially. Our net orders were relatively stable throughout the quarter, with our traffic posting a sequential gain of 9% in the second quarter. Our adjusted homebuilding gross margin of 20.0% increased by 30 basis points on a sequential basis, benefitting from lower incentives and direct costs as we controlled our costs and inventory levels."

Second Quarter 2026 Results

Net income for the second quarter 2026 was $36.1 million, or $1.26 per diluted share. Adjusted net income was $37.3 million, or $1.30 per diluted share.

Total revenues were $927.2 million, with second quarter home sales revenues totaling $897.5 million. Deliveries totaled 2,506 homes. The average sales price of home deliveries for the second quarter 2026 was $358,200.

Net new home contracts in the second quarter 2026 were 2,615, and at the end of the second quarter 2026, the Company had 1,264 homes in backlog, representing $469.3 million of backlog dollar value.

Adjusted homebuilding gross margin percentage, excluding interest and purchase price accounting, was 20.0% in the second quarter of 2026, and homebuilding gross margin was 18.1%. Selling, general, and administrative expenses as a percent of home sales revenues was 14.2% in the quarter. Adjusted EBITDA and EBITDA for the second quarter 2026 were $78.2 million and $71.0 million, respectively.

Financial services revenues and pre-tax income were $25.4 million and $9.9 million, respectively, in the second quarter 2026.

Balance Sheet and Liquidity

The Company ended the second quarter 2026 with a strong financial position, including $2.6 billion of stockholders' equity and $802.4 million of total liquidity, including $132.0 million of cash, including cash equivalents and cash held in escrow.

Book value per share was $90.24, a Company record, as of June 30, 2026.

During the second quarter, consistent with Century's disciplined capital allocation approach to enhance the long-term value of the Company and return capital to our stockholders, Century maintained its quarterly cash dividend of $0.32 per share and repurchased 352,811 shares of common stock for $19.6 million.

As of June 30, 2026, homebuilding debt to capital equaled 34.2% and net homebuilding debt to net capital equaled 31.9%.

Full Year 2026 Outlook

Scott Dixon, Chief Financial Officer of the Company, commented, "We are raising the midpoint and low end of our full year 2026 home delivery guidance to be in the range of 9,750 to 10,500 homes, with our home sales revenues expected to be in the range of $3.5 billion to $3.8 billion."

Webcast and Conference Call

The Company will host a webcast and conference call on Wednesday, July 22, 2026, at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company's second quarter 2026 results, provide commentary, and conduct a question-and-answer session. To participate in the call, please dial 833-461-5787 (domestic) or 585-542-9983 (international) and enter the conference ID 338 306 020. The live webcast will be available at www.centurycommunities.com in the Investors section. A replay of the webcast will be available on the Company's website for at least one year.

About Century Communities

Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for three consecutive years, and Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025-2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.

Non-GAAP Financial Measures

In addition to the Company's operating results presented in accordance with United States generally accepted accounting principles (GAAP), this press release includes the following non-GAAP financial measures: adjusted net income, adjusted diluted earnings per share, adjusted homebuilding gross margin, EBITDA, adjusted EBITDA, and ratio of net homebuilding debt to net capital. These non-GAAP financial measures should not be used as a substitute for the Company's operating results presented in accordance with GAAP, and an analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. Please refer to the reconciliation of each of the above referenced non-GAAP financial measures following the historical financial information presented in this press release.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "intend," "estimate," "plan," "continue," "will," "may," "should," "potential," "guidance" and "outlook" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this release include the Company's operating and financial guidance for 2026, including anticipated home deliveries and home sales revenues. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. The following important factors could cause actual results to differ materially from those expressed in the forward-looking statements: changes in general economic conditions, including interest rates, inflation, and employment levels; consumer confidence and affordability concerns; the impact of geopolitical conflicts including in the Middle East, tariffs and increased costs, immigration reform and enforcement, global supply chain disruptions, labor, land and raw material or other resource shortages and delays, and municipal and utility delays on the Company's business, industry and the broader economy; the availability and cost of financing; home incentive levels; the ability to identify and acquire desirable land and dispose of land when appropriate; availability and pricing for land, labor and raw materials and other resources; reliance on contractors and key personnel; the effect of competition; risks associated with the Company's mortgage lending business and increased use of adjustable-rate mortgages; risks associated with the Company's multi-family rental businesses; future impairment and restructuring charges; the effect of tax changes; the effect of recent federal housing legislation; and the other factors included in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law.

 

Century Communities, Inc. Consolidated Statements of Operations (Unaudited) (in thousands, except share and per share amounts)
		Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Revenues
Homebuilding Revenues
Home sales revenues		$	897,528		$	976,467		$	1,631,634		$	1,860,204
Land sales and other revenues			4,255			483			37,426			1,445
Total homebuilding revenues			901,783			976,950			1,669,060			1,861,649
Financial services revenues			25,444			23,774			47,840			42,308
Total revenues			927,227			1,000,724			1,716,900			1,903,957
Homebuilding Cost of Revenues
Cost of home sales revenues			(735,368)			(804,522)			(1,338,659)			(1,512,437)
Cost of land sales and other revenues			(1,678)			(69)			(24,249)			(897)
Total homebuilding cost of revenues			(737,046)			(804,591)			(1,362,908)			(1,513,334)
Financial services costs			(15,548)			(17,550)			(30,299)			(33,724)
Selling, general, and administrative expense			(127,416)			(128,837)			(243,498)			(249,596)
Other income (expense), net			1,851			(2,663)			2,204			(7,702)
Income before income tax expense			49,068			47,083			82,399			99,601
Income tax expense			(12,920)			(12,229)			(21,842)			(25,363)
Net income		$	36,148		$	34,854		$	60,557		$	74,238
Earnings per share:
Basic		$	1.26		$	1.15		$	2.09		$	2.43
Diluted		$	1.26		$	1.14		$	2.09		$	2.40
Weighted average common shares outstanding:
Basic			28,637,901			30,366,109			28,912,225			30,582,376
Diluted			28,653,398			30,680,708			28,933,927			30,912,086

 

Century Communities, Inc. Consolidated Balance Sheets (in thousands, except share amounts)
		June 30,			December 31,
		2026			2025
Assets		(unaudited)			(audited)
Cash and cash equivalents		$	92,334		$	109,443
Cash held in escrow			39,709			48,571
Accounts receivable			64,824			57,242
Inventories			3,598,982			3,361,158
Mortgage loans held for sale			233,347			299,145
Prepaid expenses and other assets			511,559			435,683
Property and equipment, net			73,090			69,368
Deferred tax assets, net			36,317			38,176
Goodwill			41,109			41,109
Total assets		$	4,691,271		$	4,459,895
Liabilities and stockholders' equity
Liabilities:
Accounts payable		$	151,298		$	114,416
Accrued expenses and other liabilities			290,348			310,602
Notes payable			1,121,745			1,102,376
Revolving line of credit			329,600			51,500
Mortgage repurchase facilities			232,529			289,269
Total liabilities			2,125,520			1,868,163
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding			—			—
Common stock, $0.01 par value, 100,000,000 shares authorized, 28,432,620 and 29,050,515 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively			284			291
Additional paid-in capital			318,276			385,962
Retained earnings			2,247,191			2,205,479
Total stockholders' equity			2,565,751			2,591,732
Total liabilities and stockholders' equity		$	4,691,271		$	4,459,895

 

Century Communities, Inc. Homebuilding Operational Data (Unaudited)
Net New Home Contracts
		Three Months Ended June 30,										Six Months Ended June 30,
		2026			2025			% Change				2026			2025			% Change
West		309			323			(4.3)	%			645			715			(9.8)	%
Mountain		440			336			31.0	%			866			798			8.5	%
Texas		568			504			12.7	%			1,041			1,003			3.8	%
Southeast		386			384			0.5	%			745			771			(3.4)	%
Century Complete		912			999			(8.7)	%			1,697			1,951			(13.0)	%
Total		2,615			2,546			2.7	%			4,994			5,238			(4.7)	%

 

New Home Deliveries (dollars in thousands)
		Three Months Ended June 30,
		2026					2025					% Change
		Homes		Average Sales Price			Homes		Average Sales Price			Homes			Average Sales Price
West		322		$	568.9		335		$	602.5		(3.9)	%		(5.6)	%
Mountain		416			476.5		396			521.0		5.1	%		(8.5)	%
Texas		527			290.8		501			294.2		5.2	%		(1.2)	%
Southeast		362			383.2		401			429.9		(9.7)	%		(10.9)	%
Century Complete		879			255.1		954			260.5		(7.9)	%		(2.1)	%
Total / Weighted Average		2,506		$	358.2		2,587		$	377.5		(3.1)	%		(5.1)	%
		Six Months Ended June 30,
		2026					2025					% Change
		Homes		Average Sales Price			Homes		Average Sales Price			Homes			Average Sales Price
West		599		$	568.8		638		$	601.0		(6.1)	%		(5.4)	%
Mountain		760			471.5		825			522.6		(7.9)	%		(9.8)	%
Texas		898			288.3		958			296.5		(6.3)	%		(2.8)	%
Southeast		677			388.2		704			435.7		(3.8)	%		(10.9)	%
Century Complete		1,585			259.3		1,746			260.5		(9.2)	%		(0.5)	%
Total / Weighted Average		4,519		$	361.1		4,871		$	381.9		(7.2)	%		(5.4)	%

 

Century Communities, Inc. Homebuilding Operational Data (Unaudited)
Selling Communities
		As of June 30,					Increase/Decrease
		2026		2025			Amount		% Change
West		40		36			4		11.1	%
Mountain		53		51			2		3.9	%
Texas		89		75			14		18.7	%
Southeast		36		43			(7)		(16.3)	%
Century Complete		112		122			(10)		(8.2)	%
Total		330		327			3		0.9	%

 

Backlog (dollars in thousands)
		As of June 30,
		2026								2025								% Change
		Homes		Dollar Value			Average Sales Price			Homes		Dollar Value			Average Sales Price			Homes			Dollar Value			Average Sales Price
West		165		$	94,173		$	570.7		236		$	142,012		$	601.7		(30.1)	%		(33.7)	%		(5.2)	%
Mountain		214			110,273			515.3		122			66,572			545.7		75.4	%		65.6	%		(5.6)	%
Texas		279			83,386			298.9		222			67,939			306.0		25.7	%		22.7	%		(2.3)	%
Southeast		168			71,714			426.9		174			75,720			435.2		(3.4)	%		(5.3)	%		(1.9)	%
Century Complete		438			109,726			250.5		463			113,747			245.7		(5.4)	%		(3.5)	%		2.0	%
Total / Weighted Average		1,264		$	469,272		$	371.3		1,217		$	465,990		$	382.9		3.9	%		0.7	%		(3.0)	%

 

Lot Inventory
		As of June 30,
		2026									2025									% Change
		Owned			Controlled			Total			Owned			Controlled			Total			Owned			Controlled			Total
West		3,546			2,488			6,034			3,948			3,097			7,045			(10.2)	%		(19.7)	%		(14.4)	%
Mountain		7,491			2,203			9,694			8,905			1,344			10,249			(15.9)	%		63.9	%		(5.4)	%
Texas		13,725			2,981			16,706			14,900			5,493			20,393			(7.9)	%		(45.7)	%		(18.1)	%
Southeast		4,864			6,247			11,111			5,095			8,392			13,487			(4.5)	%		(25.6)	%		(17.6)	%
Century Complete		4,055			12,528			16,583			4,571			12,956			17,527			(11.3)	%		(3.3)	%		(5.4)	%
Total		33,681			26,447			60,128			37,419			31,282			68,701			(10.0)	%		(15.5)	%		(12.5)	%
% of Total		56.0 %			44.0 %			100.0 %			54.5 %			45.5 %			100.0 %

 Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)

Adjusted net income and adjusted diluted earnings per share ("Adjusted EPS") are non-GAAP financial measures that the Company believes are useful to management, investors and other users of its financial information in evaluating its operating results and understanding its operating trends without the effect of specified factors that management believes affect comparability. The Company believes excluding specified factors that management believes affect comparability provides more comparable assessment of its financial results from period to period. The Company defines adjusted net income as consolidated net income before (i) income tax expense; (ii) inventory impairment; (iii) abandonment of lot option contracts; (iv) restructuring costs; (v) loss on debt extinguishment; (vi) impairment on other investment; and (vii) purchase price accounting for acquired work in process inventory; in each case, as applicable during a period, less adjusted income tax expense, calculated using the Company's estimated annual effective tax rate after discrete items for the applicable period. Adjusted EPS is calculated by dividing adjusted net income by weighted average common shares – diluted.

Adjusted Net Income and Adjusted Diluted Earnings Per Share (in thousands, except share and per share amounts)
		Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Numerator
Net income		$	36,148		$	34,854		$	60,557		$	74,238
Denominator
Weighted average common shares outstanding - basic			28,637,901			30,366,109			28,912,225			30,582,376
Dilutive effect of stock-based compensation awards			15,497			314,599			21,702			329,710
Weighted average common shares outstanding - diluted			28,653,398			30,680,708			28,933,927			30,912,086
Earnings per share:
Basic		$	1.26		$	1.15		$	2.09		$	2.43
Diluted		$	1.26		$	1.14		$	2.09		$	2.40
Adjusted earnings per share
Numerator
Net income		$	36,148		$	34,854		$	60,557		$	74,238
Income tax expense			12,920			12,229			21,842			25,363
Income before income tax expense			49,068			47,083			82,399			99,601
Inventory impairment			—			7,360			—			7,771
Abandonment of lot option contracts(1)			1,125			2,642			2,079			4,148
Restructuring costs			—			—			—			1,505
Purchase price accounting for acquired work in process inventory			613			2,041			1,301			3,933
Adjusted income before income tax expense			50,806			59,126			85,779			116,958
Adjusted income tax expense(2)			(13,467)			(15,056)			(22,738)			(29,783)
Adjusted net income		$	37,339		$	44,070		$	63,041		$	87,175
Denominator - Diluted			28,653,398			30,680,708			28,933,927			30,912,086
Adjusted diluted earnings per share		$	1.30		$	1.44		$	2.18		$	2.82

(1)	Beginning in the third quarter of 2025, the Company added "Abandonment of lot option contracts" as an adjustment in its non-GAAP adjusted net income calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.
(2)	The tax rates used in calculating adjusted net income for the three and six months ended June 30, 2026 were each 26.5%, respectively, which are reflective of our GAAP tax rates for the six months ended June 30, 2026. The tax rates used in calculating adjusted net income for the three and six months ended June 30, 2025 were each 25.5%, respectively, which are reflective of our GAAP tax rates for the six months ended June 30, 2025.

Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)

Adjusted homebuilding gross margin excluding inventory impairment (if applicable), interest in cost of home sales revenues, and purchase price accounting for acquired work in process inventory (if applicable), is not a measurement of financial performance under GAAP; however, the Company's management believes that this information is meaningful as it isolates the impact that inventory impairment, indebtedness, and acquisitions have on homebuilding gross margin and permits the Company's stockholders to make better comparisons with the Company's competitors, who adjust gross margins in a similar fashion.  This non-GAAP financial measure should not be used as a substitute for the Company's GAAP operating results.  An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP.

Adjusted Homebuilding Gross Margin (in thousands)
		Three Months Ended June 30,
		2026			%			2025			%
Home sales revenues		$	897,528		100.0	%		$	976,467		100.0	%
Cost of home sales revenues(1)			(735,368)		(81.9)	%			(804,522)		(82.4)	%
Homebuilding gross margin			162,160		18.1	%			171,945		17.6	%
Add: Inventory impairment			—		—	%			7,360		0.8	%
Adjusted homebuilding gross margin excluding inventory impairment			162,160		18.1	%			179,305		18.4	%
Add: Interest in cost of home sales revenues			16,342		1.8	%			14,204		1.5	%
Add: Purchase price accounting for acquired work in process inventory			613		0.1	%			2,041		0.2	%
Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory		$	179,115		20.0	%		$	195,550		20.0	%
		Six Months Ended June 30,
		2026			%			2025			%
Home sales revenues		$	1,631,634		100.0	%		$	1,860,204		100.0	%
Cost of home sales revenues(1)			(1,338,659)		(82.0)	%			(1,512,437)		(81.3)	%
Homebuilding gross margin			292,975		18.0	%			347,767		18.7	%
Add: Inventory impairment			—		—	%			7,771		0.4	%
Adjusted homebuilding gross margin excluding inventory impairment			292,975		18.0	%			355,538		19.1	%
Add: Interest in cost of home sales revenues			29,512		1.8	%			26,989		1.5	%
Add: Purchase price accounting for acquired work in process inventory			1,301		0.1	%			3,933		0.2	%
Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory		$	323,788		19.8	%		$	386,460		20.8	%

(1)

Beginning in the fourth quarter of 2025, inventory impairment was reclassified to be included in cost of home sales revenues in the Company's consolidated statements of operations rather than presented as a separate line item and prior year amounts have been reclassified to conform to this presentation.

Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)

EBITDA and Adjusted EBITDA

EBITDA and adjusted EBITDA are non-GAAP financial measures the Company uses as supplemental measures in evaluating operating performance. The Company defines EBITDA as net income before (i) income tax expense, (ii) interest in cost of home sales revenues, (iii) other interest expense (income), and (iv) depreciation and amortization expense. The Company defines adjusted EBITDA as EBITDA before inventory impairment, abandonment of lot option contracts, stock-based compensation expense, restructuring costs, loss on debt extinguishment, impairment on other investment, and purchase price accounting for acquired work in process inventory, in each case as applicable during a period. The Company believes EBITDA and adjusted EBITDA provide an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, and other specified factors that management believes affect comparability. Accordingly, the Company's management believes that these measurements are useful for comparing general operating performance from period to period. EBITDA and adjusted EBITDA should be considered in addition to, and not as a substitute for, consolidated net income in accordance with GAAP as a measure of performance. The presentation of adjusted EBITDA should not be construed as an indication that the Company's future results will be unaffected by unusual or other specified factors that management believes affect comparability. Each of EBITDA and adjusted EBITDA is limited as an analytical tool, and should not be considered in isolation or as a substitute for analysis of the Company's results of operations as reported under GAAP.

(in thousands)
		Three Months Ended June 30,										Six Months Ended June 30,
		2026			2025			% Change				2026			2025			% Change
Net income		$	36,148		$	34,854			3.7	%		$	60,557		$	74,238			(18.4)	%
Income tax expense			12,920			12,229			5.7	%			21,842			25,363			(13.9)	%
Interest in cost of home sales revenues			16,342			14,204			15.1	%			29,512			26,989			9.3	%
Interest expense (income)			218			(1,229)			(117.7)	%			387			(431)			(189.8)	%
Depreciation and amortization expense			5,389			6,434			(16.2)	%			10,741			12,862			(16.5)	%
EBITDA		$	71,017		$	66,492			6.8	%		$	123,039		$	139,021			(11.5)	%
Inventory impairment			—			7,360			(100.0)	%			—			7,771			(100.0)	%
Abandonment of lot option contracts (1)			1,125			2,642			(57.4)	%			2,079			4,148			(49.9)	%
Stock-based compensation expense (2)			5,400			7,941			(32.0)	%			7,180			8,233			(12.8)	%
Restructuring costs			—			—			—	%			—			1,505			(100.0)	%
Purchase price accounting for acquired work in process inventory			613			2,041			(70.0)	%			1,301			3,933			(66.9)	%
Adjusted EBITDA		$	78,155		$	86,476			(9.6)	%		$	133,599		$	164,611			(18.8)	%

(1)	Beginning in the third quarter of 2025, the Company added "Abandonment of lot option contracts" as an adjustment in its non-GAAP adjusted EBITDA calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.
(2)	Beginning in the fourth quarter of 2025, the Company added "Stock-based compensation expense" as an adjustment in its non-GAAP adjusted EBITDA calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.

Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)

Ratio of Net Homebuilding Debt to Net Capital

The following table presents the Company's ratio of net homebuilding debt to net capital, which is a non-GAAP financial measure.  The Company calculates this by dividing net homebuilding debt (homebuilding debt less cash and cash equivalents, and cash held in escrow) by net capital (net homebuilding debt plus total stockholders' equity). Homebuilding debt is total debt minus outstanding borrowings under construction loan agreement and mortgage repurchase facilities. The most directly comparable GAAP measure is the ratio of homebuilding debt to capital. The Company believes the ratio of net homebuilding debt to net capital is a relevant and useful financial measure to investors in understanding the leverage employed in its operations and as an indicator of the Company's ability to obtain external financing.

(in thousands)
		June 30,			December 31,
		2026			2025
Notes payable		$	1,121,745		$	1,102,376
Revolving line of credit			329,600			51,500
Construction loan agreements			(118,982)			(90,269)
Total homebuilding debt			1,332,363			1,063,607
Total stockholders' equity			2,565,751			2,591,732
Total capital		$	3,898,114		$	3,655,339
Homebuilding debt to capital			34.2 %			29.1 %
Total homebuilding debt		$	1,332,363		$	1,063,607
Cash and cash equivalents			(92,334)			(109,443)
Cash held in escrow			(39,709)			(48,571)
Net homebuilding debt			1,200,320			905,593
Total stockholders' equity			2,565,751			2,591,732
Net capital		$	3,766,071		$	3,497,325
Net homebuilding debt to net capital			31.9 %			25.9 %

Contact Information: 
Tyler Langton, Senior Vice President of Investor Relations and Finance
303-268-8345
InvestorRelations@CenturyCommunities.com

Category: 
Earnings

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SOURCE Century Communities, Inc.

FAQ

How did Century Communities (CCS) perform financially in Q2 2026?

Century Communities reported Q2 2026 net income of $36.1 million, or $1.26 diluted EPS. According to Century Communities, total revenues were $927.2 million, including $897.5 million of home sales revenues from 2,506 home deliveries during the quarter.

What were Century Communities’ home deliveries and average selling prices in Q2 2026?

Century Communities delivered 2,506 homes in Q2 2026 at an average sales price of $358,200. According to Century Communities, this compares to 2,587 homes and a $377,500 average price in Q2 2025, reflecting slightly lower volume and pricing year over year.

Did Century Communities (CCS) raise its full-year 2026 guidance?

Yes. According to Century Communities, full-year 2026 home delivery guidance is now 9,750 to 10,500 homes, with expected home sales revenues of $3.5 billion to $3.8 billion. The company stated it raised the midpoint and low end of its prior deliveries outlook.

What is Century Communities’ liquidity and leverage position after Q2 2026?

Century Communities ended Q2 2026 with $802.4 million of total liquidity, including $132.0 million of cash and escrow. According to Century Communities, homebuilding debt to capital was 34.2%, and net homebuilding debt to net capital was 31.9% at June 30, 2026.

How much stock did Century Communities (CCS) repurchase in Q2 2026 and what is its dividend?

Century Communities repurchased 352,811 shares of common stock for $19.6 million in Q2 2026. According to Century Communities, it also maintained a quarterly cash dividend of $0.32 per share as part of its capital return program.

What were Century Communities’ backlog levels at the end of Q2 2026?

Century Communities reported a backlog of 1,264 homes totaling $469.3 million at June 30, 2026. According to Century Communities, the weighted average sales price of backlog homes was $371,300, with total backlog units up 3.9% year over year.

What was Century Communities’ community count and order activity in Q2 2026?

Century Communities had a record 330 selling communities as of June 30, 2026. According to Century Communities, net new home contracts were 2,615 during Q2 2026, modestly above the 2,546 net orders recorded in the same quarter of 2025.