United Homes Group, Inc. (UHG) reported a 12.3% revenue decline for 2025, totaling $406.7 million, down from $463.7 million in 2024. For the fourth quarter ended December 31, 2025, revenues were $123.4 million, down 8.5% year-over-year, with home closings falling 9.4% to 375. Net new orders also decreased 13.7% to 303.
Despite the revenue drop, UHG’s net income improved to $3.2 million, or $0.05 per diluted share, up from $0.7 million, or $0.01 per diluted share, in Q4 2024. Gross margin for the fourth quarter increased to 17.5%, while adjusted EBITDA rose by 11.7% to $8.6 million. The company had liquidity of $80.8 million as of December 31, 2025.
Looking forward, UHG announced a merger with Stanley Martin Homes, LLC, on February 22, 2026, where shareholders will receive $1.18 per share in cash. This transaction is expected to close in Q2 2026, potentially making UHG a privately held company with shares delisted from Nasdaq.
