Tri Pointe Homes Inc. 2025年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch31, 2025☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Tri Pointe Homes, Inc. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of RegulationS-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of theExchange Act. EXPLANATORY NOTE As used in this quarterly report on Form 10-Q, references to “Tri Pointe”, “the Company”, “we”, “us”, or “our” (including in theconsolidated financial statements and related notes thereto in this annual report on Form 10-Q) refer to Tri Pointe Homes, Inc., a Delaware PART I.FINANCIAL INFORMATION Item 1.Financial Statements Part II.OTHER INFORMATION SIGNATURES TRI POINTE HOMES, INC.CONSOLIDATED BALANCE SHEETS TRI POINTE HOMES, INC.CONSOLIDATED STATEMENTS OF EQUITY TRI POINTE HOMES, INC.CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1.Organization, Basis of Presentation and Summary of Significant Accounting Policies Organization Tri Pointe is engaged in the design, construction and sale of innovative single-family attached and detached homes acrosstwelvestates, including Arizona, California, Colorado, Florida, Maryland, Nevada, North Carolina, South Carolina, Texas, Virginia, Utah andWashington, and the District of Columbia. In April 2024, we announced our expansion into the Coastal Carolinas region, which includesparts of South Carolina and Georgia. While we have an established presence in South Carolina, we have not yet commenced operations in Basis of Presentation The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles(“GAAP”), as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), for endedDecember31, 2024. In the opinion of management, all adjustments consisting of normal recurring adjustments, necessary for a fairpresentation with respect to interim financial statements, have been included. The results for the three months ended March31, 2025 are not The consolidated financial statements include the accounts of Tri Pointe Homes and its wholly owned subsidiaries, as well as otherentities in which Tri Pointe Homes has a controlling interest and variable interest entities (“VIEs”) in which Tri Pointe Homes is the primarybeneficiary.The noncontrolling interests as of March31, 2025 and December31, 2024 represent the outside owners’ interests in the Unless the context otherwise requires, the terms “Tri Pointe”, “the Company”, “we”, “us”, and “our” used herein refer to Tri PointeHomes, Inc., a Delaware corporation, and its consolidated subsidiaries. Reclassifications Certain amounts for prior years have been reclassified to conform to the current period presentation. Use of Estimates The preparation of these financial statements requires our management to make estimates and judgments that affect the reportedamounts of assets and liabilities and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts of Cash and Cash Equivalents and Concentration of Credit Risk We define cash and cash equivalents as cash on hand, demand deposits with financial institutions, and short-term liquid investmentswith a maturity date of less than three months from the date of acquisition, including U.S. Treasury bills and government money-mark fundswith maturities of 90 days or less when purchased. The Company’s cash balances exceed federally insurable limits. The Company monitorsthe cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if Revenue Recognition We recognize revenue in accordance with Accounting Standards Topic 606 (“ASC 606”),Revenue from Contracts with Customers.Under ASC 606, we apply the following steps to determine the timing and amount of revenue to recognize: (i) identify the contract(s) with acustomer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to Home sales revenue We generate the majority of our total revenues from home sales, which consists of our core business operation of building anddelivering completed homes to homebuyers. Home sales revenue and related profit is generally recognized when title to and possession ofthe hom