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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Total revenue $ 1,387,092 $ 1,896,019
Total cost of revenue 1,096,454 1,432,745
Gross margin 290,638 463,274
Sales, commissions and other marketing costs 89,876 109,076
General and administrative expenses 58,971 67,548
Net income from unconsolidated entities (2,877) (1,975)
Interest expense, net 11,155 8,499
Other expense, net 2,831 1,557
Income before income taxes 130,682 278,569
Income tax provision 30,253 64,838
Net income before allocation to non-controlling interests 100,429 213,731
Net income attributable to non-controlling interests (1,804) (265)
Net income $ 98,625 $ 213,466
Earnings per common share:    
Basic (in dollars per share) $ 1.03 $ 2.11
Diluted (in dollars per share) $ 1.01 $ 2.07
Weighted average number of shares of common stock:    
Basic (in shares) 96,033 101,245
Diluted (in shares) 97,530 103,017
Home closings revenue, net    
Total revenue $ 1,311,421 $ 1,830,068
Total cost of revenue 1,049,700 1,391,360
Gross margin 261,721 438,708
Land closings revenue    
Total revenue 14,479 4,261
Total cost of revenue 12,002 3,489
Financial services revenue, net    
Total revenue 49,264 51,193
Total cost of revenue 24,451 28,321
Amenity and other revenue    
Total revenue 11,928 10,497
Total cost of revenue $ 10,301 $ 9,575