Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations - (Unaudited)

v3.25.1
Consolidated Statements of Operations - (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue $ 310,811 $ 294,041
Cost of sales 271,243 250,580
Gross margin 39,568 43,461
Sales and marketing expenses 23,952 18,488
General and administrative expenses 26,813 26,082
Total operating expenses 50,765 44,570
Loss from operations (11,197) (1,109)
Other income, net 1,300 1,813
Pretax (loss) income (9,897) 704
Benefit for income taxes (2,808) (30)
Net (loss) income (7,089) 734
Net income attributable to noncontrolling interests 165 544
Net (loss) income attributable to Landsea Homes Corporation $ (7,254) $ 190
(Loss) income per share:    
Basic (in dollars per share) $ (0.20) $ 0.01
Diluted (in dollars per share) $ (0.20) $ 0.01
Weighted average common shares outstanding:    
Basic (in shares) 36,334,207 36,279,679
Diluted (in shares) 36,334,207 36,798,722
Home sales    
Revenue $ 299,373 $ 292,592
Cost of sales 260,515 248,897
Gross margin 38,858 43,695
Lot sales and other    
Revenue 11,438 1,449
Cost of sales 10,728 1,683
Gross margin $ 710 $ (234)