LSEA · Landsea Homes Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $310.81M | - | $338.47M | $431.14M | $294.04M | - | $277.35M | $293.24M | $241.74M | - |
| Cost of Revenue | $271.24M | - | $279.65M | $366.97M | $250.58M | - | $223.06M | $242.58M | $197.77M | - |
| Gross Profit | $39.57M | - | $58.82M | $64.18M | $43.46M | - | $54.29M | $50.66M | $43.97M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $26.81M | - | $21.93M | $29.55M | $26.08M | - | $25.46M | $25.98M | $22.78M | - |
| Total Operating Expenses | $50.77M | - | $45.38M | $54.22M | $44.57M | - | $42.39M | $44.31M | $39.19M | - |
| D&A | $2.15M | - | - | - | $1.32M | - | - | - | $1.42M | - |
| Operating Income | ($11.20M) | - | $13.44M | $9.96M | ($1.11M) | - | $11.89M | $6.35M | $4.79M | - |
| Interest Expense | $13.90M | - | $13.60M | $18.00M | $10.60M | - | $10.00M | $7.30M | - | - |
| Income Tax | ($2.81M) | - | $3.50M | $1.37M | ($30.0K) | - | $3.07M | $1.64M | $1.62M | - |
| Net Income | ($7.25M) | - | $11.11M | $2.88M | $190.0K | - | $8.60M | $4.95M | $3.22M | - |
| EPS - Basic | ($0.20) | - | $0.31 | $0.08 | $0.01 | - | $0.22 | $0.12 | $0.08 | - |
| EPS - Diluted | ($0.20) | - | $0.30 | $0.08 | $0.01 | - | $0.22 | $0.12 | $0.08 | - |
Balance Sheet
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $36.74M | $53.32M | $32.20M | $82.15M | $121.49M | $119.56M | $133.49M | $74.19M | $136.78M | $123.63M |
| Accounts Receivable | $419.0K | - | $5.43M | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.68B | $1.70B | $1.73B | $1.74B | $1.54B | $1.47B | $1.48B | $1.41B | $1.43B | $1.44B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | $482.74M | $516.93M | $505.42M |
| Total Liabilities | $1.01B | $1.03B | $1.05B | $1.07B | $866.85M | $782.88M | $775.64M | $694.97M | $715.46M | $730.18M |
| Stockholders' Equity | $660.27M | $667.18M | $662.83M | $650.66M | $647.30M | $652.88M | $652.95M | $657.26M | $658.26M | $655.95M |
| Retained Earnings | $197.56M | $204.81M | $201.77M | $190.66M | $187.77M | $187.58M | $175.11M | $166.51M | $161.57M | $158.35M |
Cash Flow
| Line item | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($10.08M) | - | - | - | ($33.23M) | - | - | - | $5.48M | - |
| Investing Cash Flow | ($1.89M) | - | - | - | ($1.91M) | - | - | - | ($1.56M) | - |
| Financing Cash Flow | ($4.62M) | - | - | - | $37.08M | - | - | - | $9.24M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 12.7% | - | 17.4% | 14.9% | 14.8% | - | 19.6% | 17.3% | 18.2% | - |
| Operating margin | -3.6% | - | 4.0% | 2.3% | -0.4% | - | 4.3% | 2.2% | 2.0% | - |
| EBITDA margin | -2.9% | - | - | - | 0.1% | - | - | - | 2.6% | - |
| Net margin | -2.3% | - | 3.3% | 0.7% | 0.1% | - | 3.1% | 1.7% | 1.3% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 8.6% | - | 6.5% | 6.9% | 8.9% | - | 9.2% | 8.9% | 9.4% | - |
| Effective tax rate | - | - | 23.9% | 32.2% | -18.8% | - | 26.3% | 24.9% | 33.4% | - |
| Return on assets | -0.4% | - | 0.6% | 0.2% | 0.0% | - | 0.6% | 0.4% | 0.2% | - |
| Return on equity | -1.1% | - | 1.7% | 0.4% | 0.0% | - | 1.3% | 0.8% | 0.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | 0.4% | 0.3% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | 0.73 | 0.79 | 0.77 |
| Debt / Assets | - | - | - | - | - | - | - | 0.34 | 0.36 | 0.35 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 83.34 | - |
| Interest coverage | -0.8x | - | 1.0x | 0.6x | -0.1x | - | 1.2x | 0.9x | - | - |
| Equity multiplier | 2.55 | 2.55 | 2.60 | 2.68 | 2.38 | 2.25 | 2.26 | 2.14 | 2.17 | 2.20 |
| Liabilities / Assets | 0.60 | 0.60 | 0.61 | 0.61 | 0.56 | 0.53 | 0.53 | 0.49 | 0.50 | 0.51 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.20 | 0.25 | 0.19 | - | 0.19 | 0.21 | 0.17 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 0d | - | 6d | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.7% | - | 22.0% | 47.0% | 21.6% | - | -17.4% | -20.5% | -23.6% | - |
| Revenue CAGR (3y) | -0.6% | - | 16.5% | 19.9% | 29.2% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -9.0% | - | 8.3% | 26.7% | -1.2% | - | -18.3% | -35.1% | -32.5% | - |
| Operating income growth (YoY) | -909.6% | - | 13.0% | 56.9% | - | - | -51.1% | -76.4% | -79.6% | - |
| Net income growth (YoY) | - | - | 29.2% | -41.7% | -94.1% | - | -57.0% | -66.9% | -75.4% | - |
| EPS growth (YoY) | - | - | 36.4% | -33.3% | -87.5% | - | -55.1% | -64.7% | -71.4% | - |
| EPS CAGR (3y) | - | - | 44.2% | -29.7% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.0% | 2.2% | 1.5% | -1.0% | -1.7% | -0.5% | 3.7% | 7.9% | 4.6% | 5.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$1.55B totalFlorida Segment$462.56M · 29.8%
California Segment$456.58M · 29.5%
Arizona Segment$403.55M · 26.0%
Texas Segment$168.92M · 10.9%
Colorado Segment$54.26M · 3.5%
New York Segment$4.47M · 0.3%
Product / service
$1.55B totalHome Sales$1.49B · 95.9%
Lot Sales And Other$63.40M · 4.1%
Peer comparison
Same SIC group: Operative Builders
Comparing Landsea Homes Corp against the 5 most active filers in the same SIC group.