LGI Homes, Inc. (LGIH) Balance Sheet
LGIH balance sheet, 2025
December 31, 2025 · U.S. dollars$3.93B assets = $1.83B liabilities + $2.10B equity
Both columns are drawn to the same scale: what LGIH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LGIH financial health
Descriptive bands, not a rating. Fiscal 2025.
LGIH balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $814.5M2016 | $3.93B2025 | +19.1%/yr | |
| Total liabilities | $459.3M2016 | $1.83B2025 | +16.6%/yr | |
| Shareholders’ equity | $355.2M2016 | $2.10B2025 | +21.8%/yr | |
| Cash & short-term investments | $49.5M2016 | $61.2M2025 | +2.4%/yr | |
| Total debt | $400.5M2016 | $1.66B2025 | +17.1%/yr | |
| Net cash (debt) | −$351.0M2016 | −$1.60B2025 | −$1.2B | |
| Working capital | $725.6M2016 | $3.60B2025 | +$2.9B | |
| Book value per share | $16.132016 | $90.152025 | +21.1%/yr | |
| Debt / equity | 1.132016 | 0.792025 | −0.34 | |
| Shares outstanding | 22.0M2016 | 23.3M2025 | +0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LGIH assets
LGIH liabilities and equity
LGIH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LGIH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $61.2M | $53.2M | $49.0M | $32.0M | $50.5M | $35.9M | $38.3M | $46.6M | $67.6M | $49.5M |
| Cash & equivalents | $61.2M | $53.2M | $49.0M | $32.0M | $50.5M | $35.9M | $38.3M | $46.6M | $67.6M | $49.5M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $32.5M | $28.7M | $41.3M | $25.1M | $57.9M | $115.9M | $56.4M | $42.8M | $44.7M | $17.1M |
| Inventory | $3.52B | $3.39B | $3.11B | $2.90B | $2.09B | $1.57B | $1.50B | $1.23B | $918.9M | $717.7M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3.61B | $3.47B | $3.20B | $2.96B | $2.19B | $1.72B | $1.59B | $1.32B | $1.03B | $784.3M |
| Property, plant & equipment (net) | $107.1M | $57.0M | $45.5M | $33.0M | $16.9M | $3.6M | $1.6M | $1.4M | $1.7M | $2.0M |
| Goodwill & intangible assets | $12.0M | $12.0M | $12.0M | $24.0M | $24.0M | $24.0M | $24.0M | $24.0M | $24.0M | $24.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $193.8M | $219.7M | $152.4M | $112.4M | $116.6M | $77.1M | $46.1M | $52.3M | $23.0M | $4.3M |
| Total assets | $3.93B | $3.76B | $3.41B | $3.12B | $2.35B | $1.83B | $1.67B | $1.40B | $1.08B | $814.5M |
| Liabilities | ||||||||||
| Accounts payable | $16.2M | $33.3M | $31.6M | $25.3M | $14.2M | $13.7M | $12.5M | $9.2M | $12.0M | $12.3M |
| Short-term debt | — | $1.9M | $104.5M | $141.8M | $1.4M | $296.7M | $296.0M | $68.3M | $475.2M | $400.5M |
| Deferred revenue | — | — | — | — | −$1.4M | — | — | −$68.3M | — | — |
| Total current liabilities | $16.2M | $137.9M | $131.0M | $156.9M | $150.8M | $148.7M | $130.4M | $85.8M | $114.9M | $58.7M |
| Long-term debt | $1.66B | $1.52B | $1.25B | $1.12B | $805.2M | $538.4M | $690.6M | $653.7M | $475.2M | $400.5M |
| Lease obligations | $5.1M | $6.1M | $4.9M | $5.2M | $5.3M | $5.3M | $5.6M | — | — | — |
| Other long-term liabilities | $150.0M | $65.5M | $172.5M | $208.5M | $0 | $0 | $0 | $0 | $0 | $164,000 |
| Total liabilities | $1.83B | $1.72B | $1.55B | $1.48B | $956.0M | $687.1M | $820.9M | $739.5M | $590.0M | $459.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $277,000 | $276,000 | $275,000 | $272,000 | $269,000 | $267,000 | $264,000 | $237,000 | $229.9M | $208.6M |
| Retained earnings (deficit) | $2.16B | $2.09B | $1.89B | $1.69B | $1.36B | $934.3M | $610.4M | $431.8M | $276.5M | $163.2M |
| Treasury stock | — | — | — | −$355.0M | −$259.9M | −$66.1M | −$18.1M | −$18.1M | −$16.6M | −$16.6M |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 | −$3.5M | −$3.1M | −$2.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.10B | $2.04B | $1.86B | $1.64B | $1.40B | $1.14B | $845.2M | $655.9M | $489.8M | $355.2M |
| Key figures | ||||||||||
| Total debt | $1.66B | $1.52B | $1.46B | $1.41B | $806.7M | $835.1M | $986.6M | $722.0M | $475.2M | $400.5M |
| Net cash (debt) | −$1.60B | −$1.47B | −$1.41B | −$1.37B | −$756.1M | −$799.1M | −$948.2M | −$675.4M | −$407.6M | −$351.0M |
| Working capital | $3.60B | $3.33B | $3.07B | $2.80B | $2.04B | $1.57B | $1.46B | $1.23B | $916.4M | $725.6M |
| Tangible book value | $2.08B | $2.03B | $1.84B | $1.62B | $1.37B | $1.11B | $821.2M | $631.9M | $465.8M | $331.2M |
| Book value per share | $90.15 | $86.29 | $78.48 | $69.21 | $56.04 | $44.88 | $33.23 | $26.35 | $20.47 | $16.13 |
| Shares outstanding | 23.3M | 23.6M | 23.6M | 23.7M | 24.9M | 25.4M | 25.4M | 24.9M | 23.9M | 22.0M |
| Current ratio | 223.39 | 25.16 | 24.41 | 18.84 | 14.55 | 11.58 | 12.23 | 15.36 | 8.98 | 13.37 |
| Quick ratio | 5.79 | 0.59 | 0.69 | 0.36 | 0.72 | 1.02 | 0.73 | 1.04 | 0.98 | 1.13 |
| Debt / equity | 0.79 | 0.75 | 0.79 | 0.86 | 0.58 | 0.73 | 1.17 | 1.10 | 0.97 | 1.13 |
| Equity / assets | 53.4% | 54.2% | 54.5% | 52.6% | 59.4% | 62.4% | 50.7% | 47.0% | 45.4% | 43.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $61.1M | $60.9M | $61.2M | $62.0M | $59.6M | $57.6M | $53.2M | $60.9M | $51.1M | $49.0M | $49.0M | $47.0M |
| Cash & equivalents | $61.1M | $60.9M | $61.2M | $62.0M | $59.6M | $57.6M | $53.2M | $60.9M | $51.1M | $49.0M | $49.0M | $47.0M |
| Receivables | $33.9M | $45.0M | $32.5M | $21.2M | $34.6M | $21.7M | $28.7M | $49.0M | $43.2M | $27.2M | $41.3M | $35.7M |
| Inventory | $3.51B | $3.54B | $3.52B | $3.65B | $3.65B | $3.55B | $3.39B | $3.44B | $3.36B | $3.23B | $3.11B | $3.06B |
| Other current assets | $19.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3.63B | $3.65B | $3.61B | $3.73B | $3.74B | $3.63B | $3.47B | $3.55B | $3.45B | $3.31B | $3.20B | $3.14B |
| Property, plant & equipment (net) | $153.8M | $129.4M | $107.1M | $106.7M | $93.8M | $67.5M | $57.0M | $62.0M | $60.8M | $54.5M | $45.5M | $41.9M |
| Goodwill & intangible assets | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $126.0M | $222.1M | $193.8M | $191.0M | $155.7M | $176.7M | $219.7M | $202.2M | $174.5M | $151.1M | $152.4M | $141.5M |
| Total assets | $3.92B | $4.01B | $3.93B | $4.04B | $4.01B | $3.89B | $3.76B | $3.83B | $3.70B | $3.52B | $3.41B | $3.34B |
| Liabilities | ||||||||||||
| Accounts payable | $58.8M | $38.6M | $16.2M | $37.9M | $46.0M | $51.9M | $33.3M | $53.3M | $66.7M | $46.2M | $31.6M | $67.3M |
| Short-term debt | $4.6M | — | — | $506,000 | $982,000 | $1.4M | $1.9M | $45.7M | $640,000 | $640,000 | $104.5M | $118.9M |
| Deferred revenue | $6.2M | — | — | — | — | — | — | −$178.1M | $9.6M | $7.7M | — | −$118.9M |
| Total current liabilities | $200.8M | $38.6M | $16.2M | $126.8M | $121.9M | $138.7M | $137.9M | $166.5M | $272.6M | $266.0M | $235.5M | $276.5M |
| Long-term debt | $1.58B | $1.71B | $1.66B | $1.76B | $1.76B | $1.65B | $1.52B | $1.55B | $1.50B | $1.38B | $1.25B | $1.19B |
| Lease obligations | $4.6M | $5.0M | $5.1M | $5.6M | $5.7M | $6.1M | $6.1M | $6.1M | $4.7M | $5.1M | $4.9M | $5.3M |
| Other long-term liabilities | $0 | $155.5M | $150.0M | $68.7M | $66.4M | $54.3M | $65.5M | $115.9M | $4.1M | $4.4M | $68.0M | $65.5M |
| Total liabilities | $1.79B | $1.91B | $1.83B | $1.96B | $1.95B | $1.85B | $1.72B | $1.83B | $1.78B | $1.65B | $1.55B | $1.53B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $279,000 | $278,000 | $277,000 | $277,000 | $277,000 | $277,000 | $276,000 | $276,000 | $276,000 | $276,000 | $275,000 | $275,000 |
| Retained earnings (deficit) | $2.19B | $2.16B | $2.16B | $2.14B | $2.12B | $2.09B | $2.09B | $2.03B | $1.97B | $1.91B | $1.89B | $1.84B |
| Accumulated other comprehensive income | — | — | — | $0 | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $2.13B | $2.10B | $2.10B | $2.08B | $2.06B | $2.04B | $2.04B | $2.00B | $1.92B | $1.87B | $1.86B | $1.80B |
| Key figures | ||||||||||||
| Total debt | $1.59B | $1.71B | $1.66B | $1.77B | $1.77B | $1.66B | $1.52B | $1.64B | $1.51B | $1.39B | $1.36B | $1.31B |
| Net cash (debt) | −$1.52B | −$1.65B | −$1.60B | −$1.71B | −$1.71B | −$1.60B | −$1.47B | −$1.58B | −$1.46B | −$1.34B | −$1.31B | −$1.27B |
| Working capital | $3.43B | $3.61B | $3.60B | $3.60B | $3.62B | $3.49B | $3.33B | $3.38B | $3.18B | $3.04B | $2.96B | $2.86B |
| Tangible book value | $2.12B | $2.09B | $2.08B | $2.07B | $2.05B | $2.03B | $2.03B | $1.98B | $1.91B | $1.86B | $1.84B | $1.79B |
| Book value per share | $91.73 | $90.55 | $90.44 | $89.83 | $88.04 | $87.04 | $86.25 | $84.69 | $81.51 | $78.95 | $78.48 | $76.25 |
| Shares outstanding | 23.2M | 23.2M | 23.2M | 23.1M | 23.4M | 23.5M | 23.6M | 23.6M | 23.6M | 23.7M | 23.6M | 23.6M |
| Current ratio | 18.06 | 94.55 | 223.39 | 29.43 | 30.72 | 26.19 | 25.16 | 21.32 | 12.67 | 12.42 | 13.58 | 11.36 |
| Quick ratio | 0.47 | 2.74 | 5.79 | 0.66 | 0.77 | 0.57 | 0.59 | 0.66 | 0.35 | 0.29 | 0.38 | 0.30 |
| Debt / equity | 0.74 | 0.81 | 0.79 | 0.85 | 0.86 | 0.81 | 0.75 | 0.82 | 0.78 | 0.74 | 0.73 | 0.73 |
| Equity / assets | 54.4% | 52.4% | 53.4% | 51.5% | 51.4% | 52.5% | 54.2% | 52.2% | 52.0% | 53.1% | 54.5% | 54.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.
LGIH financial position
At the end of fiscal 2025 (December 31, 2025), LGI Homes had total assets of $3.9 billion (up 4.5% from a year earlier), total liabilities of $1.8 billion and shareholders' equity of $2.1 billion. It held $61.2 million in cash and short-term investments against $1.7 billion of debt, net debt of $1.6 billion. Its current ratio was 223.39. In the latest quarter (ended June 30, 2026) total assets were $3.9 billion and equity $2.1 billion.
Related: LGIH income statement, LGIH cash flow statement, LGIH key metrics. See the LGIH stock overview for the latest quote and news.
LGIH balance sheet FAQ
What are LGI Homes's total assets?
LGI Homes reported total assets of $3.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.8 billion a year earlier.
How much debt does LGI Homes have?
LGI Homes had $1.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.79.
How much cash does LGI Homes have?
LGI Homes held $61.2 million in cash and short-term investments at the end of fiscal 2025; with $1.7 billion of debt that is net debt of $1.6 billion.
What is LGI Homes's book value?
LGI Homes's shareholders' equity (book value) was $2.1 billion at the end of fiscal 2025, or $90.15 per share.
What is LGI Homes's current ratio?
LGI Homes had current assets of $3.6 billion and current liabilities of $16.2 million, a current ratio of 223.39 (it can cover its short-term obligations).
How much goodwill does LGI Homes have?
LGI Homes carried $12.0 million of goodwill and intangible assets, 0.3% of total assets, at the end of fiscal 2025.