Total Revenue

Increase of approximately 19.6% from $827.80 million in Q1 2024 to $989.87 million in Q1 2025

Total Revenue grew significantly, driven by increased home closings and contributions from strategic acquisitions that began in FY 2024. The momentum from last period’s higher closings and ASP improvements carried forward into Q1 2025, underpinning this 19.6% increase. " "

Homebuilding Revenue

Increase of about 17.7% from $825.22 million in Q1 2024 to $970.11 million in Q1 2025

Homebuilding Revenue expanded due to a 16% rise in home closings—from 1,655 to 1,925—and a modest 1% increase in ASP. Additionally, the recent acquisition (Liberty Communities) contributed to the higher closings, building on the strong performance seen in FY 2024. " " "

Financial Services Revenue

Approximately 38% increase from $14.31 million in Q1 2024 to $19.76 million in Q1 2025

The Financial Services segment benefited from continued integration efforts—particularly of consolidated Jet HomeLoans and the expansion of DF Title operations—mirroring prior gains achieved in FY 2024 while further boosting mortgage and title services revenues in Q1 2025. " "

Net and Comprehensive Income

Nearly flat, with a slight decrease from $55,683 thousand in Q1 2024 to $55,010 thousand in Q1 2025

Despite higher top-line results, Net and Comprehensive Income remained relatively flat because margin pressures or increased operating expenses likely offset revenue gains. This contrasts with the robust growth in FY 2024, where revenue improvements translated more directly into income increases. " "

Basic Earnings per Share (EPS)

Steady at $0.55 per share in Q1 2025 compared to Q1 2024

Basic EPS remained unchanged as the gains in net income were balanced by higher costs or potential dilution effects. This stability reflects consistent per-share profitability, continuing the trend established in the previous period. " "

Cash and Cash Equivalents

Increased by about 8% from $274,384 thousand at Q4 2024 to $297,468 thousand in Q1 2025

The rise in Cash and Cash Equivalents reflects stronger cash flows from operating and financing activities. Improved liquidity was achieved despite capital expenditures, building on favorable operational results from the previous fiscal period. " "

Lot Deposits

Grew approximately 13% from $458,303 thousand at Q4 2024 to $517,719 thousand in Q1 2025

Lot Deposits increased as the company continued its strategy of securing more lots via finished lot option and land bank option contracts. The expansion from FY 2024, with an increasing number of controlled lots, carried into Q1 2025, supporting future development efforts. " "

Retained Earnings

Increased by roughly 5.3% from $970,253 thousand at Q4 2024 to $1,021,781 thousand in Q1 2025

The modest rise in Retained Earnings is primarily due to the accumulation of net income, despite dividend payments. The improvement continues the upward trend from FY 2024, reflecting sustained profitability and careful capital management over the previous period. " "