Every 10-Q that Meritage Homes Corporation (MTH) 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 MTH 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 MTH filings page.
Meritage Homes Corporation reported weaker results for the quarter ended June 30, 2026. Home closing revenue was $1,387,911 thousand, down from $1,615,709 thousand a year earlier, with home closing gross profit of $253,613 thousand and a reduced home closing gross margin of 18.3% versus 21.1%. Net earnings declined to $90,630 thousand from $146,879 thousand, with an effective tax rate of 24.8%.
For the first six months of 2026, home closing revenue was $2,495,733 thousand compared with $2,957,813 thousand in 2025, and net earnings were $145,939 thousand versus $269,685 thousand. Softer demand, affordability concerns and higher incentives pressured volume and pricing; Q2 home orders fell to 3,575 from 3,914, the cancellation rate rose to 13% from 10%, and backlog ended at 1,715 homes valued at $661.9 million.
Meritage ended the quarter with $807,267 thousand of cash and cash equivalents and $5,891,978 thousand of real estate assets. Senior and convertible senior notes, net, totaled $1,807,842 thousand, while no borrowings were outstanding under the $980.0 million revolving credit facility, leaving $896.9 million available. Operating cash flow for the first half of 2026 was strong at $290,781 thousand, supporting $230,000 thousand of share repurchases and $63,301 thousand of dividends, as management emphasizes liquidity and margin preservation in a challenging housing market.
Meritage Homes Corporation reported weaker results for the quarter ended March 31, 2026, as a softer housing market and higher incentives reduced profitability. Home closing revenue was $1.1 billion, down 17.5% from 2025, on 13.1% fewer closings and a 5.0% lower average sales price.
Home closing gross margin fell to 17.5% from 22.0%, cutting total closing gross profit to $193.5 million. Net earnings declined to $55.3 million from $122.8 million, with diluted EPS of $0.82. Orders and backlog also decreased in value, though Meritage ended the quarter with a record 345 active communities and maintained strong liquidity, including $766.6 million in cash and no borrowings on its $910.0 million revolver.
Meritage Homes (MTH) reported Q3 2025 results for the quarter ended September 30, 2025. Home closing revenue was $1,399,335,000 versus $1,585,784,000 a year ago, and net earnings were $99,297,000 versus $195,966,000. Diluted EPS was $1.39 compared to $2.67 in Q3 2024. Total closing gross profit was $267,149,000, down from $393,245,000.
Cash and cash equivalents were $728,937,000, and real estate inventory totaled $6,140,687,000. The company issued $500,000,000 of 5.650% notes due 2035, lifting senior and convertible notes, net, to $1,803,167,000. The $910,000,000 revolving credit facility was extended to July 9, 2030 and remained undrawn with $825,900,000 available after letters of credit. Year-to-date, operating cash flow used was $125,385,000, financing provided $243,808,000, share repurchases were $145,000,000, and dividends paid were $91,759,000.
The quarter included real estate and land impairments of $9,292,000 and write-offs of terminated land deal deposits of $5,799,000. Shares outstanding were 70,406,707 as of October 27, 2025, adjusted for the 2-for-1 split effective January 2, 2025. The company reported 334 actively selling communities.