Tri Pointe Homes, Inc.

tripointehomes.com

What Do They Do?

Builds and sells single-family attached and detached homes to homebuyers in regional markets.

How Do They Make Money?

Homebuyers pay for completed homes at closing. Mortgage-broker fees come from third-party lenders when loans fund, while loan-origination fees are earned when loans are originated; title and escrow revenue comes when the home sale closes.

FY2025 revenue

Who Are Their Customers?

Homebuyers buy through Tri Pointe's own sales representatives or independent real estate brokers, with sales offices in model homes or nearby sales hubs.

Do Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.

Operating income, FY2025

9% of revenue

▼ −48% vs FY2024 ($576.9M, 13%)

Net income, FY2025

7% of revenue

▼ −47% vs FY2024 ($458M, 10%)

Free cash flow, FY2025

4% of revenue

▼ −81% vs FY2024 ($672.8M, 15%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −22%; vs $902.4M in Q2 FY2025
Net income: ▼ Now a loss; vs $60.7M in Q2 FY2025

May 14, 2026 Sumitomo Forestry completed its acquisition of Tri Pointe Homes Tri Pointe became an indirect wholly owned subsidiary, and its shares were delisted from the NYSE.

Shrinking. Revenue fell 13% in 4 years, from $4B in FY2021 to $3.5B in FY2025, about 3% a year.

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