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Jun 30
Tri Pointe Q2 2025 Earnings Report
Tri Pointe Homes posted lower Q2 2025 earnings amid fewer deliveries but maintained strong liquidity and repurchased $100M in stock.
Key Takeaways
Tri Pointe Homes reported a 22% YoY revenue decline due to lower home deliveries but achieved disciplined margins and expanded its stock repurchase program, reflecting confidence in long-term housing demand.
Home sales revenue reached $879.8M from 1,326 home deliveries at an average price of $664K
Net income was $60.7M ($0.68 per share), with adjusted EPS at $0.77 excluding inventory charges
Backlog declined to 1,520 homes worth $1.18B, with an average backlog sales price of $776K
Repurchased $100M in common stock, raising total repurchase authorization to $300M
Tri Pointe
Tri Pointe
Tri Pointe Revenue by Segment
Tri Pointe Revenue by Geographic Location
Revenue by Segment
Home Sales Revenue
CapyFin.comLand & Lot Sales Revenue
CapyFin.comOther Operations Revenue
CapyFin.comRevenue by Geographic Location
Arizona Revenue
CapyFin.comCalifornia Revenue
CapyFin.comNevada Revenue
CapyFin.comWashington Revenue
CapyFin.comColorado Revenue
CapyFin.comTexas Revenue
CapyFin.comWashington D.C. Area (MD, VA, DC) Revenue
CapyFin.comWashington D.C. Area (MD, VA, DC) Revenue
CapyFin.com Forward Guidance
Tri Pointe expects steady pricing and disciplined margins despite macro uncertainty, with 1,000–1,100 home deliveries in Q3 2025 at an average price of $675K–$685K.
Positive Outlook
- Full-year deliveries expected between 4,800–5,200 homes
- Average sales price guidance of $665K–$675K for full year
- Homebuilding gross margin guidance of 20.5%–22.0%
- Strong liquidity with $1.4B available for operations
- Continued share repurchases authorized up to $300M
Challenges Ahead
- Net new home orders declined 31.5% YoY
- Backlog units dropped 43.5% YoY to 1,520 homes
- SG&A expected to rise to 13%–14% of revenue in Q3 2025
- Cancellation rate rose to 13% vs. 9% last year
- Lower home deliveries expected compared to 2024
Revenue & Expenses
Visualization of income flow from segment revenue to net income