Landsea Homes Corp
landseahomes.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2025 10-Q, filed May 13, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Jul 8, 2025.
10-Q for Q1 FY2025, filed May 13, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Builds and sells detached and attached homes in planned communities, mainly for entry-level and first-time move-up homebuyers.
10-K for FY2024, filed Feb 27, 2025Landsea Homes is a growth-oriented homebuilder focused on providing High Performance Homes that deliver energy efficient living in…View ↗
We have positioned our business to strategically grow by selecting markets with favorable population and employment growth as a result of…View ↗
Our primary focus is on entry-level and first-time move-up homes where our attached and higher density products enable us to keep our…View ↗
How Did They Make Money?
Homebuyers pay for homes at closing, once title transfers. The company also earns lot-sale and other revenue when it transfers the promised good or service.
10-K for FY2024, filed Feb 27, 2025
-
10-K for FY2024, filed Feb 27, 2025
FY2024 revenue by product or service ↗
$1.6B
-
10-K for FY2024, filed Feb 28, 2025
$1.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Home Sales
Sold outright
10-K for FY2024, filed Feb 27, 2025 |
96%
FY2021: 92%
|
Home Sales, FY2024
$1.5B Sources
|
Sold outright |
|
Lot Sales and other
Sold outright
|
4.1%
FY2021: 8.5%
|
Lot Sales and other, FY2024
$63.4M Sources
|
Sold outright |
Who Were Their Customers?
Homebuyers purchase through in-house sales staff or outside brokers, with online tools and community sales offices supporting the process.
10-K for FY2024, filed Feb 27, 2025We market homes through the extensive use of advertising and other promotional activities, including our website, in-house sales teams…View ↗
We employ in-house commissioned sales personnel and utilize outside brokers to sell our homes. In-house sales personnel typically work from…View ↗
We also offer a virtual sales experience, which provides potential home shoppers with an experience that combines a variety of online…View ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2025, filed May 13, 2025
−$7.3MView ↗
- ▼ Now a loss
- vs $190K in Q1 FY2024
10-Q for Q1 FY2025, filed May 13, 2025
Open tableView ↗
-
Jun 25, 2025
New Home completed its acquisition of Landsea Homes
Landsea Homes became a wholly owned subsidiary of Parent, and its common stock was delisted from NASDAQ.
Sources
8-K, filed Jun 25, 2025
The Offer and related withdrawal rights expired as scheduled at 12:00 Midnight, New York City time, on June 24, 2025 (one minute after…View ↗
Grew. Revenue grew 2.1x in 4 years, from $734.6M in FY2020 to $1.6B in FY2024, about 21% a year.
Colorado expansion The business expanded into Colorado: the latest report describes entry-level and first-time move-up communities there, while the older report listed five primary markets without Colorado.
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