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M/I Homes, Inc. 10-Q Filings

MHO NYSE

Every 10-Q that M/I Homes, Inc. (MHO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow MHO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MHO filings page.

Rhea-AI Summary

M/I Homes reported weaker Q2 2026 results. Revenue decreased 9% to $1.06 billion as home closings fell 6% and average selling prices declined, while higher lot costs and larger mortgage interest rate buydown incentives compressed homebuilding gross margin by 290 basis points. Net income decreased 35% to $79.1 million, or $3.02 per diluted share; year-to-date net income declined 37% to $146.9 million.

New contracts increased 15% to a record 2,387 and absorption improved to 3.4 sales per community per month, supported by targeted incentives. Shareholders’ equity was $3.2 billion, book value per common share reached a record $128, and the homebuilding debt-to-capital ratio remained 18%, with $817.5 million of net availability under a $900 million unsecured revolving credit facility.

The company controlled approximately 49,100 lots, representing about a five-year supply based on recent delivery volume, and ended the quarter with 234 active communities. In the first half of 2026 it invested $210.3 million in land acquisitions and $259.1 million in land development, and repurchased 0.4 million shares for $50.0 million, leaving $120.3 million authorized under its 2025 share repurchase program.

Rhea-AI Summary

M/I Homes, Inc. reported lower quarterly results as housing demand remained pressured by higher mortgage rates and rising lot costs. For the three months ended March 31, 2026, revenue fell 6% to $920.7 million and income before income taxes declined 39% to $89.2 million.

Net income decreased 39% to $67.8 million, or $2.55 per diluted share, compared with $3.98 a year earlier. Homebuilding gross margin compressed 410 basis points to 19.3%, primarily due to higher sales incentives, including mortgage rate buydowns, and increased lot costs.

The company delivered 1,914 homes, a 3% decrease, while new contracts rose 3% to 2,350, supported by heavier incentives and a slightly higher community count. Shareholders’ equity grew to $3.19 billion, lifting book value to about $125 per share, and homebuilding debt-to-capital was 18%, reflecting a conservative balance sheet.

Rhea-AI Summary

M/I Homes (MHO) filed its Q3 2025 10‑Q, reporting steady revenue and lower earnings. Revenue was $1,131.8 million versus $1,142.9 million a year ago. Net income was $106.5 million compared with $145.4 million, and diluted EPS was $3.92 versus $5.10. Results include $7.6 million of inventory impairment charges and land deposit write‑offs recorded during the quarter.

Homebuilding revenue totaled $1,095.4 million, with Northern and Southern segments generating $487.9 million and $609.2 million, respectively. Financial services revenue was $34.6 million. Cash, cash equivalents and restricted cash were $734.2 million. Shareholders’ equity rose to $3,149.4 million.

The company amended its $900 million unsecured credit facility on September 18, 2025, extending maturity to 2030 and reducing the SOFR margin to 150 bps. At quarter‑end, there were no borrowings outstanding and $91.0 million of letters of credit, leaving $809.0 million available. Senior notes outstanding remain $400.0 million due 2028 and $300.0 million due 2030. The company repurchased 0.4 million shares for $50.2 million in Q3; 26,148,509 shares were outstanding as of October 22, 2025.