Quarterly report [Sections 13 or 15(d)]

UNAUDITED CONSOLIDATED BALANCE SHEETS

v3.25.3
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 728,937 $ 651,555
Other receivables 321,762 256,282
Real estate 6,140,687 5,728,775
Deposits on real estate under option or contract 198,158 192,405
Investments in unconsolidated entities 45,714 28,735
Property and equipment, net 47,976 47,285
Deferred tax assets, net 47,222 54,524
Prepaids, other assets and goodwill 228,054 203,093
Total assets 7,758,510 7,162,654
Liabilities    
Accounts payable 217,875 212,477
Accrued liabilities 414,717 452,213
Home sale deposits 9,420 20,513
Loans payable and other borrowings 25,811 29,343
Senior and convertible senior notes, net 1,803,167 1,306,535
Total liabilities 2,470,990 2,021,081
Stockholders’ Equity    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at September 30, 2025 and December 31, 2024 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; 70,406,707 and 71,921,972 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 704 360
Additional paid-in capital 11,416 143,036
Retained earnings 5,275,400 4,998,177
Total stockholders’ equity 5,287,520 5,141,573
Total liabilities and stockholders’ equity $ 7,758,510 $ 7,162,654