Quarterly report [Sections 13 or 15(d)]

UNAUDITED CONSOLIDATED BALANCE SHEETS

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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 807,267 $ 775,157
Other receivables 304,098 306,956
Real estate 5,891,978 5,987,120
Deposits on real estate under option or contract 168,977 174,170
Investments in unconsolidated entities 59,423 57,268
Property and equipment, net 46,085 46,647
Deferred tax assets, net 47,064 53,293
Prepaids, other assets and goodwill 230,041 221,676
Total assets 7,554,933 7,622,287
Liabilities    
Accounts payable 215,737 200,679
Accrued and other liabilities 423,865 387,698
Home sale deposits 10,017 9,213
Loans payable and other borrowings 39,535 24,328
Senior and convertible senior notes, net 1,807,842 1,804,726
Total liabilities 2,496,996 2,426,644
Stockholders’ Equity    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; 65,174,093 and 68,168,923 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 652 682
Additional paid-in capital 0 0
Retained earnings 5,057,285 5,194,961
Total stockholders’ equity 5,057,937 5,195,643
Total liabilities and stockholders’ equity $ 7,554,933 $ 7,622,287