Century Communities Inc【CCS】株式ニュース

Century Communities Reports First Quarter 2026 ResultsApril 22, 2026 4:05 PM
PR Newswire (US)

- Deliveries of 2,013 Homes Generating $789.7 Million in Total Revenues -- Net New Home Contracts of 2,379 -- Ending Community Count Increased Sequentially to 316 -- Net Income of $24.4 Million, or $0.84 Per Diluted Share -- Adjusted Net Income of $25.6 Million, or $0.88 Per Diluted Share -- Increased Quarterly Cash Dividend 10% to $0.32 Per Share -GREENWOOD VILLAGE, Colo., April 22, 2026 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its first quarter ended March 31, 2026.

First Quarter 2026 HighlightsNet income of $24.4 million, or $0.84 per diluted shareAdjusted net income of $25.6 million, or $0.88 per diluted shareTotal revenues of $789.7 millionCommunity count of 316Deliveries of 2,013 homesNet new home contracts of 2,379Homebuilding gross margin of 17.8%Adjusted homebuilding gross margin of 19.7%Repurchased 617,087 shares of common stock for $40.0 million"We performed well in the first quarter given continued market pressures which intensified even further beginning in early March," said Dale Francescon, Executive Chairman. "While demand at the start of the quarter was roughly in line with year-ago levels, higher interest rates, gas prices, and increased weakness in consumer sentiment weighed on order activity most meaningfully in March, which typically represents the highest sales month of the quarter. Despite these headwinds, our traffic and net sales increased sequentially throughout the quarter, and our first quarter cancellation rate was below the levels we experienced throughout most of 2025, demonstrating the commitment of buyers once they have made the decision to purchase a home."Rob Francescon, Chief Executive Officer and President, said, "Our adjusted homebuilding gross margin of 19.7% increased by 140 basis points on a sequential basis, benefitting from lower incentives and direct costs, and we decreased our finished specs at the end of the first quarter by 16% sequentially and 31% versus the prior-year quarter. Our balance sheet remains strong with $2.6 billion of stockholders' equity and $886 million of liquidity, and we repurchased 617,087 shares of our common stock for $40.0 million and increased our quarterly cash dividend by 10% to $0.32 per share while continuing to position Century for future growth."First Quarter 2026 ResultsNet income for the first quarter 2026 was $24.4 million, or $0.84 per diluted share. Adjusted net income was $25.6 million, or $0.88 per diluted share.Total revenues were $789.7 million, with first quarter home sales revenues totaling $734.1 million. Deliveries totaled 2,013 homes. The average sales price of home deliveries for the first quarter 2026 was $364,700.Net new home contracts in the first quarter 2026 were 2,379, and at the end of the first quarter 2026, the Company had 1,155 homes in backlog, representing $438.5 million of backlog dollar value.Adjusted homebuilding gross margin percentage, excluding interest, inventory impairment and purchase price accounting, was 19.7% in the first quarter of 2026, and homebuilding gross margin was 17.8%. Selling, general, and administrative expenses as a percent of home sales revenues was 15.8% in the quarter. Adjusted EBITDA and EBITDA for the first quarter 2026 were $55.4 million and $52.0 million, respectively.Financial services revenues and pre-tax income were $22.4 million and $7.6 million, respectively, in the first quarter 2026.Balance Sheet and LiquidityThe Company ended the first quarter 2026 with a strong financial position, including $2.6 billion of stockholders' equity and $886.1 million of total liquidity, including $89.8 million of cash.Book value per share was $88.75 as of March 31, 2026.During the first quarter, consistent with our disciplined capital allocation approach to enhance the long-term value of the Company and return capital to our shareholders, we increased our quarterly cash dividend by 10% to $0.32 per share and repurchased 617,087 shares of common stock for $40.0 million.As of March 31, 2026, homebuilding debt to capital equaled 32.2% and net homebuilding debt to net capital equaled 30.5%.Full Year 2026 Outlook Scott Dixon, Chief Financial Officer of the Company, commented, "Given the impact of the conflict in the Middle East as well as higher gas prices and interest rates on our order activity, we are reducing our full year 2026 home delivery guidance to be in the range of 9,500 to 10,500 homes and our home sales revenues to be in the range of $3.5 billion to $3.8 billion."Webcast and Conference CallThe Company will host a webcast and conference call on Wednesday, April 22, 2026, at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company's first quarter 2026 results, provide commentary, and conduct a question-and-answer session. To participate in the call, please dial 800-549-8228 (domestic) or 646-564-2877 (international) and enter the conference ID 56727. The live webcast will be available at www.centurycommunities.com in the Investors section. A replay of the conference call will be available through April 29, 2026, by dialing 888-660-6264 (domestic) or 646-517-3975 (international) and entering conference ID 56727. A replay of the webcast will be available on the Company's website for at least one year.About Century CommunitiesCentury Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for three consecutive years, and Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025-2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.Non-GAAP Financial MeasuresIn addition to the Company's operating results presented in accordance with United States generally accepted accounting principles (GAAP), this press release includes the following non-GAAP financial measures: adjusted net income, adjusted diluted earnings per share, adjusted homebuilding gross margin, EBITDA, adjusted EBITDA, and ratio of net homebuilding debt to net capital. These non-GAAP financial measures should not be used as a substitute for the Company's operating results presented in accordance with GAAP, and an analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. Please refer to the reconciliation of each of the above referenced non-GAAP financial measures following the historical financial information presented in this press release.Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "intend," "estimate," "plan," "continue," "will," "may," "should," "potential," "guidance" and "outlook" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this release include the Company's operating and financial guidance for 2026, including anticipated home deliveries and home sales revenues. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. The following important factors could cause actual results to differ materially from those expressed in the forward-looking statements: changes in general economic conditions, including interest rates, inflation, and employment levels; consumer confidence and affordability concerns; the impact of geopolitical conflicts including in the Middle East, tariffs and increased costs, immigration reform and enforcement, global supply chain disruptions, labor, land and raw material or other resource shortages and delays, and municipal and utility delays on the Company's business, industry and the broader economy; the availability and cost of financing; home incentive levels; the ability to identify and acquire desirable land and dispose of land when appropriate; availability and pricing for land, labor and raw materials and other resources; reliance on contractors and key personnel; the effect of competition; risks associated with the Company's mortgage lending and multi-family rental businesses; future impairment and restructuring charges; the effect of tax changes; and the other factors included in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Report on Form 10-Q. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law.Century Communities, Inc.Consolidated Statements of Operations (Unaudited)(in thousands, except share and per share amounts)

Three Months Ended March 31,

2026
2025Revenues

Homebuilding Revenues

Home sales revenues
$734,106
$883,736Land sales and other revenues

33,171

962Total homebuilding revenues

767,277

884,698Financial services revenues

22,396

18,534Total revenues

789,673

903,232Homebuilding Cost of Revenues

Cost of home sales revenues

(603,291)

(707,915)Cost of land sales and other revenues

(22,571)

(827)Total homebuilding cost of revenues

(625,862)

(708,742)Financial services costs

(14,751)

(16,174)Selling, general, and administrative expense

(116,082)

(120,760)Other income (expense), net

353

(5,038)Income before income tax expense

33,331

52,518Income tax expense

(8,922)

(13,134)Net income
$24,409
$39,384

Earnings per share:

Basic
$0.84
$1.28Diluted
$0.84
$1.26Weighted average common shares outstanding:

Basic

29,189,596

30,801,046Diluted

29,217,503

31,145,867 Century Communities, Inc.Consolidated Balance Sheets(Unaudited)(in thousands, except share amounts)

March 31,
December 31,

2026
2025Assets
(unaudited)
(audited)Cash and cash equivalents
$78,182
$109,443Cash held in escrow

11,621

48,571Accounts receivable

55,728

57,242Inventories

3,525,742

3,361,158Mortgage loans held for sale

213,947

299,145Prepaid expenses and other assets

475,283

435,683Property and equipment, net

70,822

69,368Deferred tax assets, net

37,351

38,176Goodwill

41,109

41,109Total assets
$4,509,785
$4,459,895Liabilities and stockholders' equity

Liabilities:

Accounts payable
$152,195
$114,416Accrued expenses and other liabilities

276,770

310,602Notes payable

1,112,751

1,102,376Revolving line of credit

203,700

51,500Mortgage repurchase facilities

211,170

289,269Total liabilities

1,956,586

1,868,163Stockholders' equity:

Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding

—

—Common stock, $0.01 par value, 100,000,000 shares authorized, 28,769,233 and 29,050,515 shares issued
and outstanding at March 31, 2026 and December 31, 2025, respectively

288

291Additional paid-in capital

332,425

385,962Retained earnings

2,220,486

2,205,479Total stockholders' equity

2,553,199

2,591,732Total liabilities and stockholders' equity
$4,509,785
$4,459,895 Century Communities, Inc.Homebuilding Operational Data(Unaudited)
Net New Home Contracts

Three Months Ended March 31,

2026

2025

% ChangeWest
336

392

(14.3)%Mountain
426

462

(7.8)%Texas
473

499

(5.2)%Southeast
359

387

(7.2)%Century Complete
785

952

(17.5)%Total
2,379

2,692

(11.6)% New Home Deliveries (dollars in thousands)

Three Months Ended March 31,

2026
2025
% Change

Homes
Average Sales
Price
Homes
Average Sales Price
Homes
Average Sales PriceWest
277
$568.6
303
$599.5
(8.6)%
(5.2)%Mountain
344

465.6
429

524.1
(19.8)%
(11.2)%Texas
371

284.7
457

298.9
(18.8)%
(4.8)%Southeast
315

393.9
303

443.5
4.0%
(11.2)%Century Complete
706

264.5
792

260.4
(10.9)%
1.6%Total / Weighted Average
2,013
$364.7
2,284
$386.9
(11.9)%
(5.7)%

Century Communities, Inc.Homebuilding Operational Data(Unaudited)
Selling Communities

As of March 31,

Increase/Decrease

2026
2025

Amount
% ChangeWest
40
34

6
17.6%Mountain
55
48

7
14.6%Texas
82
78

4
5.1%Southeast
31
42

(11)
(26.2)%Century Complete
108
116

(8)
(6.9)%Total
316
318

(2)
(0.6)% Backlog(dollars in thousands)

As of March 31,

2026
2025
% Change

Homes
Dollar Value
Average
Sales Price
Homes
Dollar Value
Average Sales Price
Homes
Dollar Value
Average Sales PriceWest
178
$105,463
$592.5
248
$158,029
$637.2
(28.2)%
(33.3)%
(7.0)%Mountain
190

103,890

546.8
182

102,309

562.1
4.4%
1.5%
(2.7)%Texas
238

69,227

290.9
219

65,973

301.2
8.7%
4.9%
(3.4)%Southeast
144

58,671

407.4
191

87,755

459.5
(24.6)%
(33.1)%
(11.3)%Century Complete
405

101,208

249.9
418

106,984

255.9
(3.1)%
(5.4)%
(2.4)%Total / Weighted Average
1,155
$438,459
$379.6
1,258
$521,050
$414.2
(8.2)%
(15.9)%
(8.4)% Lot Inventory

As of March 31,

2026
2025
% Change

Owned
Controlled
Total
Owned
Controlled
Total

Owned
Controlled
Total

West
3,517

2,524

6,041

3,946

4,258

8,204

(10.9)%
(40.7)%
(26.4)%Mountain
7,813

2,018

9,831

9,180

3,168

12,348

(14.9)%
(36.3)%
(20.4)%Texas
14,148

2,943

17,091

12,942

9,539

22,481

9.3%
(69.1)%
(24.0)%Southeast
4,850

5,526

10,376

5,174

11,435

16,609

(6.3)%
(51.7)%
(37.5)%Century Complete
4,025

11,173

15,198

4,655

14,717

19,372

(13.5)%
(24.1)%
(21.5)%Total
34,353

24,184

58,537

35,897

43,117

79,014

(4.3)%
(43.9)%
(25.9)%% of Total
58.7 %

41.3 %

100.0 %

45.4 %

54.6 %

100.0 %

Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)Adjusted net income and adjusted diluted earnings per share ("Adjusted EPS") are non-GAAP financial measures that the Company believes are useful to management, investors and other users of its financial information in evaluating its operating results and understanding its operating trends without the effect of certain non-recurring items. The Company believes excluding certain non-recurring items provides more comparable assessment of its financial results from period to period. The Company defines adjusted net income as consolidated net income before (i) income tax expense; (ii) inventory impairment; (iii) abandonment of lot option contracts; (iv) restructuring costs; (v) loss on debt extinguishment; (vi) impairment on other investment; and (vii) purchase price accounting for acquired work in process inventory; in each case, as applicable during a period, less adjusted income tax expense, calculated using the Company's estimated annual effective tax rate after discrete items for the applicable period. Adjusted EPS is calculated by dividing adjusted net income by weighted average common shares – diluted.Adjusted Net Income and Adjusted Diluted Earnings Per Share(in thousands, except share and per share amounts)

Three Months Ended March 31,

2026
2025Numerator

Net income
$24,409
$39,384Denominator

Weighted average common shares outstanding - basic

29,189,596

30,801,046Dilutive effect of stock-based compensation awards

27,907

344,821Weighted average common shares outstanding - diluted

29,217,503

31,145,867Earnings per share:

Basic
$0.84
$1.28Diluted
$0.84
$1.26

Adjusted earnings per share

Numerator

Net income
$24,409
$39,384Income tax expense

8,922

13,134Income before income tax expense

33,331

52,518Inventory impairment

—

411Abandonment of lot option contracts (1)

954

1,506Restructuring costs

—

1,505Purchase price accounting for acquired work in process inventory

688

1,892Adjusted income before income tax expense

34,973

57,832Adjusted income tax expense (2)

(9,362)

(14,463)Adjusted net income
$25,611
$43,369

Denominator - Diluted

29,217,503

31,145,867

Adjusted diluted earnings per share
$0.88
$1.39(1)Beginning in the third quarter of 2025, the Company added "Abandonment of lot option contracts" as an adjustment in its non-GAAP adjusted net income calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.(2)The tax rates used in calculating adjusted net income for the three months ended March 31, 2026 and 2025 were 26.8% and 25.0%, respectively, which reflect our GAAP tax rates for the applicable periods.Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)Adjusted homebuilding gross margin excluding inventory impairment (if applicable), interest in cost of home sales revenues, and purchase price accounting for acquired work in process inventory (if applicable), is not a measurement of financial performance under GAAP; however, the Company's management believes that this information is meaningful as it isolates the impact that inventory impairment, indebtedness, and acquisitions have on homebuilding gross margin and permits the Company's stockholders to make better comparisons with the Company's competitors, who adjust gross margins in a similar fashion. This non-GAAP financial measure should not be used as a substitute for the Company's GAAP operating results. An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP.Adjusted Homebuilding Gross Margin (in thousands)

Three Months Ended March 31,

2026
%
2025
%Home sales revenues
$734,106
100.0%
$883,736
100.0%Cost of home sales revenues (1)

(603,291)
(82.2)%

(707,915)
(80.1)%Homebuilding gross margin

130,815
17.8%

175,821
19.9%Add: Inventory impairment

—
0.0%

411
0.0%Adjusted homebuilding gross margin excluding inventory impairment

130,815
17.8%

176,232
19.9%Add: Interest in cost of home sales revenues

13,170
1.8%

12,785
1.4%Add: Purchase price accounting for acquired work in process inventory

688
0.1%

1,892
0.2%Adjusted homebuilding gross margin excluding interest, inventory
impairment and purchase price accounting for acquired work in process inventory
$144,673
19.7%
$190,909
21.6%(1)Beginning in the fourth quarter of 2025, inventory impairment was reclassified to be included in cost of home sales revenues in the Company's consolidated statements of operations rather than presented as a separate line item and prior year amounts have been reclassified to conform to this presentation.Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)EBITDA and Adjusted EBITDA EBITDA and adjusted EBITDA are non-GAAP financial measures the Company uses as supplemental measures in evaluating operating performance. The Company defines EBITDA as net income before (i) income tax expense, (ii) interest in cost of home sales revenues, (iii) other interest expense (income), and (iv) depreciation and amortization expense. The Company defines adjusted EBITDA as EBITDA before inventory impairment, abandonment of lot option contracts, stock-based compensation expense, restructuring costs, loss on debt extinguishment, impairment on other investment, and purchase price accounting for acquired work in process inventory, in each case as applicable during a period. The Company believes EBITDA and adjusted EBITDA provide an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, and items considered to be non-recurring. Accordingly, the Company's management believes that these measurements are useful for comparing general operating performance from period to period. EBITDA and adjusted EBITDA should be considered in addition to, and not as a substitute for, consolidated net income in accordance with GAAP as a measure of performance. The presentation of adjusted EBITDA should not be construed as an indication that the Company's future results will be unaffected by unusual or non-recurring items. Each of EBITDA and adjusted EBITDA is limited as an analytical tool, and should not be considered in isolation or as a substitute for analysis of the Company's results of operations as reported under GAAP.(in thousands)

Three Months Ended March 31,

2026
2025
% ChangeNet income
$24,409
$39,384

(38.0)%Income tax expense

8,922

13,134

(32.1)%Interest in cost of home sales revenues

13,170

12,785

3.0%Interest expense (income)

169

798

(78.8)%Depreciation and amortization expense

5,352

6,428

(16.7)%EBITDA
$52,022
$72,529

(28.3)%Inventory impairment

—

411

(100.0)%Abandonment of lot option contracts (1)

954

1,506

(36.7)%Stock-based compensation expense (2)

1,780

292

509.6%Restructuring costs

—

1,505

(100.0)%Purchase price accounting for acquired work in process inventory

688

1,892

(63.6)%Adjusted EBITDA
$55,444
$78,135

(29.0)%(1)Beginning in the third quarter of 2025, the Company added "Abandonment of lot option contracts" as an adjustment in its non-GAAP adjusted EBITDA calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.(2)Beginning in the fourth quarter of 2025, the Company added "Stock-based compensation expense" as an adjustment in its non-GAAP adjusted EBITDA calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)Ratio of Net Homebuilding Debt to Net CapitalThe following table presents the Company's ratio of net homebuilding debt to net capital, which is a non-GAAP financial measure. The Company calculates this by dividing net homebuilding debt (homebuilding debt less cash and cash equivalents, and cash held in escrow) by net capital (net homebuilding debt plus total stockholders' equity). Homebuilding debt is total debt minus outstanding borrowings under construction loan agreement and mortgage repurchase facilities. The most directly comparable GAAP measure is the ratio of homebuilding debt to capital. The Company believes the ratio of net homebuilding debt to net capital is a relevant and useful financial measure to investors in understanding the leverage employed in its operations and as an indicator of the Company's ability to obtain external financing.(in thousands)

March 31,
December 31,

2026
2025Notes payable
$1,112,751
$1,102,376Revolving line of credit

203,700

51,500Construction loan agreements

(104,838)

(90,269)Total homebuilding debt

1,211,613

1,063,607Total stockholders' equity

2,553,199

2,591,732Total capital
$3,764,812
$3,655,339Homebuilding debt to capital

32.2 %

29.1 %

Total homebuilding debt
$1,211,613
$1,063,607Cash and cash equivalents

(78,182)

(109,443)Cash held in escrow

(11,621)

(48,571)Net homebuilding debt

1,121,810

905,593Total stockholders' equity

2,553,199

2,591,732Net capital
$3,675,009
$3,497,325

Net homebuilding debt to net capital

30.5 %

25.9 %Contact Information:
Tyler Langton, Senior Vice President of Investor Relations and Finance
303-268-8345
InvestorRelations@CenturyCommunities.comCategory:
Earnings

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Original: Century Communities Reports First Quarter 2026 Results

Century Communities Reports Fourth Quarter and Full Year 2025 ResultsJanuary 28, 2026 4:05 PM
PR Newswire (US)

- Fourth Quarter Residential Units Delivered of 3,435 -
- Fourth Quarter New Home Deliveries of 3,030 -
- Fourth Quarter Net New Home Contracts of 2,702 -
- Fourth Quarter Total Revenues of $1.2 Billion -
- Fourth Quarter Net Income of $36.0 Million, or $1.21 Per Diluted Share -
- Fourth Quarter Adjusted Net Income of $47.1 Million, or $1.59 Per Diluted Share -
- Book Value per Share of $89.21, a Company Record - GREENWOOD VILLAGE, Colo., Jan. 28, 2026 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its fourth quarter and full year ended December 31, 2025.

Fourth Quarter 2025 HighlightsNet income of $36.0 million, or $1.21 per diluted shareAdjusted net income of $47.1 million, or $1.59 per diluted shareTotal revenues of $1.2 billionTotal residential units delivered of 3,435Deliveries of 3,030 new homesDelivered Century Living multi-family community with 300 units for $97.2 million, and 105 previously leased rental homesNet new home contracts of 2,702Homebuilding gross margin of 15.4%Adjusted homebuilding gross margin of 18.3%Repurchased 333,881 shares of common stock for $20.0 millionHomebuilding debt to capital of 29.1%Net homebuilding debt to net capital of 25.9%Full Year 2025 HighlightsNet income of $147.6 million, or $4.86 per diluted shareAdjusted net income of $181.7 million, or $5.99 per diluted shareTotal revenues of $4.1 billion Total residential units delivered of 10,792Deliveries of 10,387 new homesDelivered Century Living multi-family community with 300 units for $97.2 million, and 105 previously leased rental homesNet new home contracts of 10,326Homebuilding gross margin of 17.6%Adjusted homebuilding gross margin of 19.9%Repurchased 2,267,723 shares of common stock, over 7% of shares outstanding at the beginning of the year, for $143.6 million"We performed well in a challenging environment during the fourth quarter, with our net orders and new home deliveries exceeding our expectations and increasing by 13% and 22%, respectively, on a sequential basis," said Dale Francescon, Executive Chairman. "While homebuyers remain cautious given the current level of economic uncertainty, we think this quarter's strength in orders and deliveries demonstrates the pent up demand that continues to exist for affordable new homes."Rob Francescon, Chief Executive Officer and President, said, "We achieved our 23rd consecutive year of profitability and generated solid operational results in 2025, reducing our direct construction costs, cycle times, and fixed general and administrative expenses on a year-over-year basis. Based on this performance, we increased our book value per share to a Company record $89.21, repurchased 7% of our shares outstanding at the beginning of the year, grew our liquidity to $1.1 billion, and reduced our net homebuilding debt to net capital to 25.9% at year end, all while continuing to position Century for future growth."Fourth Quarter 2025 ResultsNet income for the fourth quarter 2025 was $36.0 million, or $1.21 per diluted share. Adjusted net income was $47.1 million, or $1.59 per diluted share.Total revenues were $1.2 billion, with fourth quarter home sales revenues totaling $1.1 billion. Total residential deliveries were 3,435 including 3,030 new homes, and the average sales price of new home deliveries for the fourth quarter 2025 was $366,700.Net new home contracts in the fourth quarter 2025 were 2,702 and at the end of the fourth quarter 2025, the Company had 789 homes in backlog, representing $283.7 million of backlog dollar value.Adjusted homebuilding gross margin percentage, excluding interest, inventory impairment and purchase price accounting, was 18.3% in the fourth quarter of 2025. Homebuilding gross margin percentage excluding inventory impairment in the fourth quarter 2025 was 16.4%, and homebuilding gross margin was 15.4%. Selling, general, and administrative expenses as a percent of home sales revenues was 12.2% in the quarter. Adjusted EBITDA and EBITDA for the fourth quarter 2025 were $97.4 million and $75.9 million, respectively.Financial services revenues and pre-tax income were $24.5 million and $7.6 million, respectively, in the fourth quarter 2025.Full Year 2025 ResultsNet income for the full year 2025 was $147.6 million, or $4.86 per diluted share. Adjusted net income was $181.7 million, or $5.99 per diluted share.Total revenues were $4.1 billion, with full year 2025 home sales revenues totaling $3.9 billion. Total residential deliveries were 10,792 including 10,387 new homes, and the average sales price of new home deliveries for the full year 2025 was $378,000.Net new home contracts in the full year 2025 were 10,326.Adjusted homebuilding gross margin percentage, excluding interest, inventory impairment and purchase price accounting, was 19.9% in 2025. Homebuilding gross margin percentage excluding inventory impairment was 18.1%, and homebuilding gross margin was 17.6% in 2025. Selling, general, and administrative expenses as a percent of home sales revenues was 12.9% in 2025. Adjusted EBITDA and EBITDA for the full year 2025 were $349.7 million and $284.6 million, respectively.Financial services revenues and pre-tax income were $86.2 million and $19.2 million, respectively, for the full year 2025.Balance Sheet and LiquidityThe Company ended the fourth quarter 2025 with a strong financial position, including $2.6 billion of stockholders' equity and $1.1 billion of total liquidity, including $158.0 million of cash.Our book value per share was a Company record $89.21 as of December 31, 2025.During the fourth quarter, consistent with our disciplined capital allocation approach to enhance the long-term value of the Company and return capital to our stockholders, we maintained our quarterly cash dividend of $0.29 per share and repurchased 333,881 shares of common stock for $20.0 million. For the full year 2025, the Company paid cash dividends totaling $1.16 per share and repurchased 2,267,723 shares of its common stock, representing over 7% of shares outstanding at the beginning of the year, returning a record $178 million to our stockholders.As of December 31, 2025, homebuilding debt to capital equaled 29.1% and net homebuilding debt to net capital equaled 25.9%.Full Year 2026 Outlook Scott Dixon, Chief Financial Officer of the Company, commented, "Assuming no significant changes to the current economic environment, we currently expect our full year 2026 new home deliveries to be in the range of 10,000 to 11,000 homes and our homes sales revenues to be in the range of $3.6 billion to $4.1 billion. Our current guidance reflects an increase in our average open communities in the mid-single digit percentage range and similar per community absorption levels as the back half of 2025."Webcast and Conference CallThe Company will host a webcast and conference call on Wednesday, January 28, 2026, at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company's fourth quarter and full year 2025 results, provide commentary, and conduct a question-and-answer session. To participate in the call, please dial 800-549-8228 (domestic) or 646-564-2877 (international) and enter the conference ID 22523. The live webcast will be available at www.centurycommunities.com in the Investors section. A replay of the conference call will be available through February 4, 2026, by dialing 888-660-6264 (domestic) or 646-517-3975 (international) and entering conference ID 22523. A replay of the webcast will be available on the Company's website for at least one year.About Century CommunitiesCentury Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for three consecutive years, and Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025-2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.Non-GAAP Financial MeasuresIn addition to the Company's operating results presented in accordance with United States generally accepted accounting principles (GAAP), this press release includes the following non-GAAP financial measures: adjusted net income, adjusted diluted earnings per share, adjusted homebuilding gross margin, EBITDA, adjusted EBITDA, and ratio of net homebuilding debt to net capital. These non-GAAP financial measures should not be used as a substitute for the Company's operating results presented in accordance with GAAP, and an analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. Please refer to the reconciliation of each of the above referenced non-GAAP financial measures following the historical financial information presented in this press release.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "intend," "estimate," "plan," "continue," "will," "may," "should," "potential," "guidance" and "outlook" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this release include the Company's operating and financial guidance for 2026, including without limitation anticipated home deliveries and home sales revenues. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. The following important factors could cause actual results to differ materially from those expressed in the forward-looking statement: adverse changes in general economic conditions, including increased interest rates, inflation, and employment levels; lower consumer confidence; the potential impact of tariffs and increased costs, immigration reform, global supply chain disruptions, labor, land and raw material or other resource shortages and delays, and municipal and utility delays on the Company's business, industry and the broader economy; the ability to identify and acquire desirable land; availability and cost of financing; the effect of tax changes; reliance on contractors and key personnel; availability and pricing for land, labor and raw materials and other resources; home incentive levels; future impairment and restructuring charges; the ability to pay dividends in the future; and the other factors included in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law.Century Communities, Inc.Consolidated Statements of Operations (Unaudited)(in thousands, except share and per share amounts)

Three Months Ended December 31,
Year Ended December 31,

2025
2024
2025
2024Revenues

Homebuilding Revenues

Home sales revenues
$1,111,045
$1,246,697
$3,926,411
$4,302,638Land sales and other revenues

803

511

8,012

2,753Total homebuilding revenues

1,111,848

1,247,208

3,934,423

4,305,391Multi-family sales revenues

97,200

—

97,200

—Financial services revenues

24,527

26,221

86,193

92,897Total revenues

1,233,575

1,273,429

4,117,816

4,398,288Homebuilding Cost of Revenues

Cost of home sales revenues

(939,495)

(989,758)

(3,235,679)

(3,377,909)Cost of land sales and other revenues

(388)

—

(7,587)

(207)Total homebuilding cost of revenues

(939,883)

(989,758)

(3,243,266)

(3,378,116)Cost of multi-family sales revenues

(91,849)

—

(91,849)

—Financial services costs

(16,911)

(18,291)

(67,006)

(66,185)Selling, general and administrative expense

(135,402)

(143,436)

(504,893)

(516,489)Other (expense) income, net

(2,557)

13,252

(16,390)

2,562Income before income tax expense

46,973

135,196

194,412

440,060Income tax expense

(11,017)

(32,455)

(46,815)

(106,244)Net income
$35,956
$102,741
$147,597
$333,816

Earnings per share:

Basic
$1.23
$3.29
$4.92
$10.59Diluted
$1.21
$3.20
$4.86
$10.40Weighted average common shares outstanding:

Basic

29,186,481

31,252,028

29,994,465

31,510,282Diluted

29,615,793

32,091,471

30,359,988

32,110,835 Century Communities, Inc.Consolidated Balance Sheets(Unaudited)(in thousands, except share amounts)

December 31,
December 31,

2025
2024Assets
(unaudited)
(audited)Cash and cash equivalents
$109,443
$149,998Cash held in escrow

48,571

3,004Accounts receivable

57,242

50,318Inventories

3,361,158

3,454,337Mortgage loans held for sale

299,145

236,926Prepaid expenses and other assets

435,683

419,384Property and equipment, net

69,368

155,176Deferred tax assets, net

38,176

22,220Goodwill

41,109

41,109Total assets
$4,459,895
$4,532,472Liabilities and stockholders' equity

Liabilities:

Accounts payable
$114,416
$133,086Accrued expenses and other liabilities

310,602

302,317Notes payable

1,102,376

1,107,909Revolving line of credit

51,500

135,500Mortgage repurchase facilities

289,269

232,804Total liabilities

1,868,163

1,911,616Stockholders' equity:

Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding

—

—Common stock, $0.01 par value, 100,000,000 shares authorized, 29,050,515 and 30,961,227 shares issued
and outstanding at December 31, 2025 and December 31, 2024, respectively

291

310Additional paid-in capital

385,962

526,959Retained earnings

2,205,479

2,093,587Total stockholders' equity

2,591,732

2,620,856Total liabilities and stockholders' equity
$4,459,895
$4,532,472 Century Communities, Inc.Homebuilding Operational Data(Unaudited)
Net New Home Contracts

Three Months Ended December 31,

Year Ended December 31,

2025

2024

% Change

2025

2024

% ChangeWest
327

309

5.8%

1,379

1,490

(7.4)%Mountain
473

379

24.8%

1,689

2,005

(15.8)%Texas
509

499

2.0%

1,945

1,987

(2.1)%Southeast
451

387

16.5%

1,610

1,619

(0.6)%Century Complete
942

893

5.5%

3,703

3,575

3.6%Total
2,702

2,467

9.5%

10,326

10,676

(3.3)% New Home Deliveries (dollars in thousands)

Three Months Ended December 31,

2025
2024
% Change

Homes
Average Sales
Price
Homes
Average Sales Price
Homes
Average Sales PriceWest
412
$565.3
465
$612.3
(11.4)%
(7.7)%Mountain
504

485.8
525

557.9
(4.0)%
(12.9)%Texas
568

284.0
638

298.2
(11.0)%
(4.8)%Southeast
490

408.2
499

411.6
(1.8)%
(0.8)%Century Complete
1,056

257.6
1,071

255.4
(1.4)%
0.9%Total / Weighted Average
3,030
$366.7
3,198
$389.8
(5.3)%
(5.9)%

Year Ended December 31,

2025
2024
% Change

Homes
Average Sales Price
Homes
Average Sales Price
Homes
Average Sales
PriceWest
1,419
$588.1
1,437
$627.2
(1.3)%
(6.2)%Mountain
1,730

508.0
2,019

533.4
(14.3)%
(4.8)%Texas
1,986

292.3
2,077

301.8
(4.4)%
(3.1)%Southeast
1,617

421.7
1,654

423.8
(2.2)%
(0.5)%Century Complete
3,635

261.6
3,820

260.9
(4.8)%
0.3%Total / Weighted Average
10,387
$378.0
11,007
$390.9
(5.6)%
(3.3)% Century Communities, Inc.Homebuilding Operational Data(Unaudited)
Selling Communities

As of December 31,

Increase/Decrease

2025
2024

Amount
% ChangeWest
36
30

6
20.0%Mountain
51
49

2
4.1%Texas
71
78

(7)
(9.0)%Southeast
37
42

(5)
(11.9)%Century Complete
110
123

(13)
(10.6)%Total
305
322

(17)
(5.3)% Backlog(dollars in thousands)

As of December 31,

2025
2024
% Change

Homes
Dollar Value
Average Sales
Price
Homes
Dollar Value
Average Sales Price
Homes
Dollar Value
Average Sales PriceWest
119
$69,226
$581.7
159
$100,306
$630.9
(25.2)%
(31.0)%
(7.8)%Mountain
108

56,086

519.3
149

83,915

563.2
(27.5)%
(33.2)%
(7.8)%Texas
136

38,964

286.5
177

54,314

306.9
(23.2)%
(28.3)%
(6.6)%Southeast
100

42,542

425.4
107

49,778

465.2
(6.5)%
(14.5)%
(8.6)%Century Complete
326

76,907

235.9
258

62,849

243.6
26.4%
22.4%
(3.2)%Total / Weighted Average
789
$283,725
$359.6
850
$351,162
$413.1
(7.2)%
(19.2)%
(13.0)%  Lot Inventory

As of December 31,

2025
2024
% Change

Owned
Controlled
Total
Owned
Controlled
Total

Owned
Controlled
Total

West
3,432

2,354

5,786

4,211

4,286

8,497

(18.5)%
(45.1)%
(31.9)%Mountain
7,972

2,169

10,141

9,037

4,052

13,089

(11.8)%
(46.5)%
(22.5)%Texas
14,298

3,348

17,646

12,632

8,935

21,567

13.2%
(62.5)%
(18.2)%Southeast
5,240

6,293

11,533

5,173

12,270

17,443

1.3%
(48.7)%
(33.9)%Century Complete
3,858

11,952

15,810

4,703

15,333

20,036

(18.0)%
(22.1)%
(21.1)%Total
34,800

26,116

60,916

35,756

44,876

80,632

(2.7)%
(41.8)%
(24.5)%% of Total
57.1 %

42.9 %

100.0 %

44.3 %

55.7 %

100.0 %

Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)Adjusted net income and adjusted diluted earnings per share ("Adjusted EPS") are non-GAAP financial measures that the Company believes are useful to management, investors and other users of its financial information in evaluating its operating results and understanding its operating trends without the effect of certain non-recurring items. The Company believes excluding certain non-recurring items provides more comparable assessment of its financial results from period to period. The Company defines adjusted net income as consolidated net income before (i) income tax expense; (ii) inventory impairment; (iii) abandonment of lot option contracts; (iv) restructuring costs; (v) loss on debt extinguishment; (vi) impairment on other investment; and (vii) purchase price accounting for acquired work in process inventory; in each case, as applicable during a period, less adjusted income tax expense, calculated using the Company's estimated annual effective tax rate after discrete items for the applicable period. Adjusted EPS is calculated by dividing adjusted net income by weighted average common shares – diluted.Adjusted Net Income and Adjusted Diluted Earnings Per Share(in thousands, except share and per share amounts)

Three Months Ended December 31,
Year Ended December 31,

2025
2024
2025
2024Numerator

Net income
$35,956
$102,741
$147,597
$333,816Denominator

Weighted average common shares outstanding - basic

29,186,481

31,252,028

29,994,465

31,510,282Dilutive effect of stock-based compensation awards

429,312

839,443

365,523

600,553Weighted average common shares outstanding - diluted

29,615,793

32,091,471

30,359,988

32,110,835Earnings per share:

Basic
$1.23
$3.29
$4.92
$10.59Diluted
$1.21
$3.20
$4.86
$10.40

Adjusted earnings per share

Numerator

Net income
$35,956
$102,741
$147,597
$333,816Income tax expense

11,017

32,455

46,815

106,244Income before income tax expense

46,973

135,196

194,412

440,060Inventory impairment

10,865

6,835

21,816

8,778Abandonment of lot option contracts (1)

1,851

2,095

11,158

6,036Restructuring costs

740

—

2,245

—Loss on debt extinguishment

—

—

1,361

—Impairment on other investment

—

2,180

—

9,902Purchase price accounting for acquired work in process inventory

1,612

3,444

8,375

9,443Adjusted income before income tax expense

62,041

149,750

239,367

474,219Adjusted income tax expense(2)

(14,940)

(36,154)

(57,640)

(114,491)Adjusted net income
$47,101
$113,596
$181,727
$359,728

Denominator - Diluted

29,615,793

32,091,471

30,359,988

32,110,835

Adjusted diluted earnings per share
$1.59
$3.54
$5.99
$11.20

(1)Beginning in the third quarter of 2025, the Company added "Abandonment of lot option contracts" as an adjustment in its non-GAAP adjusted net income calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.

(2)The tax rates used in calculating adjusted net income for the years ended December 31, 2025 and 2024 were 24.1% and 24.1%, respectively, which reflect our GAAP tax rates for the applicable periods. Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)Adjusted homebuilding gross margin excluding inventory impairment (if applicable), interest in cost of home sales revenues, and purchase price accounting for acquired work in process inventory (if applicable), is not a measurement of financial performance under GAAP; however, the Company's management believes that this information is meaningful as it isolates the impact that inventory impairment, indebtedness, and acquisitions have on homebuilding gross margin and permits the Company's stockholders to make better comparisons with the Company's competitors, who adjust gross margins in a similar fashion.  This non-GAAP financial measure should not be used as a substitute for the Company's GAAP operating results.  An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP.Adjusted Homebuilding Gross Margin (in thousands)

Three Months Ended December 31,

2025
%
2024
%Home sales revenues
$1,111,045
100.0%
$1,246,697
100.0%Cost of home sales revenues (1)

(939,495)
(84.6)%

(989,758)
(79.4)%Homebuilding gross margin

171,550
15.4%

256,939
20.6%Add: Inventory impairment

10,865
1.0%

6,835
0.5%Adjusted homebuilding gross margin excluding inventory impairment

182,415
16.4%

263,774
21.2%Add: Interest in cost of home sales revenues

18,744
1.7%

18,169
1.5%Add: Purchase price accounting for acquired work in process inventory

1,612
0.1%

3,444
0.3%Adjusted homebuilding gross margin excluding interest, inventory
impairment and purchase price accounting for acquired work in process
inventory
$202,771
18.3%
$285,387
22.9%

Year Ended December 31,

2025
%
2024
%Home sales revenues
$3,926,411
100.0%
$4,302,638
100.0%Cost of home sales revenues (1)

(3,235,679)
(82.4)%

(3,377,909)
(78.5)%Homebuilding gross margin

690,732
17.6%

924,729
21.5%Add: Inventory impairment

21,816
0.6%

8,778
0.2%Adjusted homebuilding gross margin excluding inventory impairment

712,548
18.1%

933,507
21.7%Add: Interest in cost of home sales revenues

60,738
1.5%

60,286
1.4%Add: Purchase price accounting for acquired work in process inventory

8,375
0.2%

9,443
0.2%Adjusted homebuilding gross margin excluding interest, inventory
impairment and purchase price accounting for acquired work in process inventory
$781,661
19.9%
$1,003,236
23.3%

(1)Beginning in the fourth quarter of 2025, inventory impairment was reclassified to be included in cost of home sales revenues in the Company's consolidated statements of operations rather than presented as a separate line item and prior year amounts have been reclassified to conform to this presentation. Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)EBITDA and Adjusted EBITDA EBITDA and adjusted EBITDA are non-GAAP financial measures the Company uses as supplemental measures in evaluating operating performance. The Company defines EBITDA as net income before (i) income tax expense, (ii) interest in cost of home sales revenues, (iii) other interest expense (income), and (iv) depreciation and amortization expense. The Company defines adjusted EBITDA as EBITDA before inventory impairment, abandonment of lot option contracts, stock-based compensation expense, restructuring costs, loss on debt extinguishment, impairment on other investment, and purchase price accounting for acquired work in process inventory, in each case as applicable during a period. The Company believes EBITDA and adjusted EBITDA provide an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, and items considered to be non-recurring. Accordingly, the Company's management believes that these measurements are useful for comparing general operating performance from period to period. EBITDA and adjusted EBITDA should be considered in addition to, and not as a substitute for, consolidated net income in accordance with GAAP as a measure of performance. The presentation of adjusted EBITDA should not be construed as an indication that the Company's future results will be unaffected by unusual or non-recurring items. Each of EBITDA and adjusted EBITDA is limited as an analytical tool, and should not be considered in isolation or as a substitute for analysis of the Company's results of operations as reported under GAAP.(in thousands)

Three Months Ended December 31,
Year Ended December 31,

2025
2024
% Change
2025
2024
% ChangeNet income
$35,956
$102,741

(65.0)%
$147,597
$333,816

(55.8)%Income tax expense

11,017

32,455

(66.1)%

46,815

106,244

(55.9)%Interest in cost of home sales revenues

18,744

18,169

3.2%

60,738

60,286

0.7%Interest expense (income)

4,212

(40)

NM%

4,657

(2,733)

(270.4)%Depreciation and amortization expense

5,955

6,849

(13.1)%

24,823

24,286

2.2%EBITDA
$75,884
$160,174

(52.6)%
$284,630
$521,899

(45.5)%Inventory impairment

10,865

6,835

59.0%

21,816

8,778

148.5%Abandonment of lot option contracts (1)

1,851

2,095

(11.6)%

11,158

6,036

84.9%Stock-based compensation expense (2)

6,400

9,774

(34.5)%

20,120

27,868

(27.8)%Restructuring costs

740

—

NM

2,245

—

NM
Loss on debt extinguishment

—

—

NM

1,361

—

NM
Impairment on other investment

—

2,180

NM

—

9,902

NM
Purchase price accounting for acquired work in
process inventory

1,612

3,444

(53.2)%

8,375

9,443

(11.3)%Adjusted EBITDA
$97,352
$184,502

(47.2)%
$349,705
$583,926

(40.1)%

(1)Beginning in the third quarter of 2025, the Company added "Abandonment of lot option contracts" as an adjustment in its non-GAAP adjusted EBITDA calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.

(2)Beginning in the fourth quarter of 2025, the Company added "Stock-based compensation expense" as an adjustment in its non-GAAP adjusted EBITDA calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.

NM – Not Meaningful Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)Ratio of Net Homebuilding Debt to Net CapitalThe following table presents the Company's ratio of net homebuilding debt to net capital, which is a non-GAAP financial measure.  The Company calculates this by dividing net homebuilding debt (homebuilding debt less cash and cash equivalents, and cash held in escrow) by net capital (net homebuilding debt plus total stockholders' equity). Homebuilding debt is total debt minus outstanding borrowings under construction loan agreement and mortgage repurchase facilities. The most directly comparable GAAP measure is the ratio of homebuilding debt to capital. The Company believes the ratio of net homebuilding debt to net capital is a relevant and useful financial measure to investors in understanding the leverage employed in its operations and as an indicator of the Company's ability to obtain external financing.(in thousands)

December 31,
December 31,

2025
2024Notes payable
$1,102,376
$1,107,909Revolving line of credit

51,500

135,500Construction loan agreements

(90,269)

(102,436)Total homebuilding debt

1,063,607

1,140,973Total stockholders' equity

2,591,732

2,620,856Total capital
$3,655,339
$3,761,829Homebuilding debt to capital

29.1 %

30.3 %

Total homebuilding debt
$1,063,607
$1,140,973Cash and cash equivalents

(109,443)

(149,998)Cash held in escrow

(48,571)

(3,004)Net homebuilding debt

905,593

987,971Total stockholders' equity

2,591,732

2,620,856Net capital
$3,497,325
$3,608,827

Net homebuilding debt to net capital

25.9 %

27.4 % Contact Information:
Tyler Langton, Senior Vice President of Investor Relations and Finance
303-268-8345
InvestorRelations@CenturyCommunities.comCategory:
Earnings

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Original: Century Communities Reports Fourth Quarter and Full Year 2025 Results