LGI Homes (LGIH) Operating Expenses (2012 - 2026)
LGI Homes (LGIH) posted Operating Expenses of $27.9 million for Q1 2026, up 20.87% sequentially from $23.1 million in Q4 2025, and down 10.71% YoY from $31.2 million in Q1 2025.
LGI Homes (LGIH) Operating Expenses (2012 - 2026) Analysis & Trends
LGI Homes has reported Operating Expenses for 15 years, with the latest figure at $27.9 million in Q1 2026.
- Quarterly Operating Expenses fell 10.71% year-over-year to $27.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $108.3 million (down 10.4% YoY) and the FY2025 annual result came in at $111.6 million, down 7.9% from the prior year.
- Operating Expenses improved to $27.9 million in Q1 2026 per LGIH's latest filing, from $23.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $33.0 million in Q4 2023 and troughed at $23.1 million in Q4 2025.
- A 5-year average of $28.8 million and a median of $28.3 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses climbed 24.95% in 2022, then dropped 26.05% in 2025.
- Over 5 years, Operating Expenses stood at $26.9 million in 2022, then increased by 22.7% to $33.0 million in 2023, then fell by 5.59% to $31.2 million in 2024, then slipped by 26.05% to $23.1 million in 2025, then grew by 20.87% to $27.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $27.9 million, $23.1 million, and $28.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 41.98 Bn | 39.85 Bn | 2.15 Bn | 991.20 Mn |
| 2 | Pultegroup | 24.45 Bn | 23.08 Bn | 1.06 Bn | 382.97 Mn |
| 3 | Lennar | 20.97 Bn | 18.79 Bn | 7.69 Bn | 7.54 Bn |
| 4 | Nvr | 17.21 Bn | 16.12 Bn | 485.14 Mn | 150.72 Mn |
| 5 | Toll Brothers | 14.01 Bn | 12.90 Bn | 604.89 Mn | 258.25 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 148.85 Mn |
| 7 | Installed Building Products | 6.61 Bn | 6.21 Bn | 258.90 Mn | 164.30 Mn |
| 8 | Champion Homes | 5.07 Bn | 4.43 Bn | - | - |
| 9 | Meritage Homes | 4.73 Bn | 3.93 Bn | 254.14 Mn | 144.19 Mn |
| 10 | LGI Homes | 1.35 Bn | 1.29 Bn | 101.70 Mn | 28.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.57 Mn |
| Mar 31, 2026 | 27.86 Mn |
| Dec 31, 2025 | 23.05 Mn |
| Sep 30, 2025 | 27.97 Mn |
| Jun 30, 2025 | 29.40 Mn |
| Mar 31, 2025 | 31.20 Mn |
| Dec 31, 2024 | 31.17 Mn |
| Sep 30, 2024 | 27.99 Mn |
| Jun 30, 2024 | 30.49 Mn |
| Mar 31, 2024 | 31.54 Mn |
| Dec 31, 2023 | 33.02 Mn |
| Sep 30, 2023 | 26.75 Mn |
| Jun 30, 2023 | 27.63 Mn |
| Mar 31, 2023 | 29.96 Mn |
| Dec 31, 2022 | 26.91 Mn |
| Sep 30, 2022 | 27.28 Mn |
| Jun 30, 2022 | 29.08 Mn |
| Mar 31, 2022 | 28.29 Mn |
| Dec 31, 2021 | 27.85 Mn |
| Sep 30, 2021 | 24.48 Mn |