Tri Pointe Homes

Tri Pointe Homes reports $23.58 million net income for Q3 2026

Form
10-Q
Filed
Importance
Notable
  1. Revenue of $727.02 million for the three months ended Sep 30, 2026
  2. Net income of $23.58 million for the three months ended Sep 30, 2026
  3. Cash and equivalents of $325.89 million as of Sep 30, 2026

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What changed

3 changes since the June 2026 10-Q

Compared with the 10-Q 0001561680-26-000040, filed Aug 13, 2026.

  1. Changed Financial statements

    Net income up 115% from Jun 30

    $23.6M, was −$158M.

    From the filings

    Before

    −$158M

    Now

    $23.6M
  2. Changed Financial statements

    Cash down 30% from Jun 30

    $326M, was $462M.

    From the filings

    Before

    $462M

    Now

    $326M
  3. Changed Financial statements

    Revenue up 3.6% from Jun 30

    $727M, was $702M.

    From the filings

    Before

    $702M

    Now

    $727M
Show the redline

Section by section. Added words and removed words against the earlier filing.

Cover page 2 changes

4 unchanged paragraphs

For the quarterly period ended June September 30, 2026

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100 shares of the registrant's common stock were issued and outstanding as of July 30, October 21, 2026.

4 unchanged paragraphs

Financial statements 451 changes

3 unchanged paragraphs

Receivables 175,514 147,250

June September 30, 2026 December 31, 2025

Cash and cash equivalents $ 462,085 325,891 $ 982,814

Receivables 151,662 147,250

Real estate inventories 3,436,045 3,640,319 3,178,248

Investments in unconsolidated entities 245,695 232,472 183,075

Mortgage loans held for sale 86,881 63,964 98,514

2 unchanged paragraphs

Other assets 211,811 187,899

Accounts payable $ 79,848 $ 41,693

Loans payable 450,600 456,468

Other assets 223,957 187,899

Total assets $ 4,817,766 4,838,000 $ 4,977,535

Accounts payable $ 77,543 $ 41,693

Accrued expenses and other liabilities 420,675 437,496 425,289

Loans payable 455,000 456,468

Senior notes, net 648,135 648,415 647,586

Mortgage repurchase facilities 77,459 54,927 90,570

Total liabilities 1,676,717 1,673,381 1,661,606

4 unchanged paragraphs

June September 30, 2026 and December 31, 2025, respectively

1 unchanged paragraph

Noncontrolling interests 210 95

Retained earnings 3,140,839 3,164,423 3,314,990

Total stockholders' equity 3,140,839 3,164,423 3,315,834

Noncontrolling interests 196 95

Total equity 3,141,049 3,164,619 3,315,929

Total liabilities and equity $ 4,817,766 4,838,000 $ 4,977,535

4 unchanged paragraphs

Three Months Ended June 30, Six Months Ended June 30,

Home sales revenue $ 685,118 $ 879,832 $ 1,191,614 $ 1,600,618

Land and lot sales revenue 23 3,364 598 5,185

Other operations revenue 825 814 1,650 1,634

Total revenues 685,966 884,010 1,193,862 1,607,437

Cost of home sales 562,022 696,630 973,088 1,244,903

Cost of land and lot sales 205 3,253 1,184 4,994

Other operations expense 812 793 1,625 1,587

Sales and marketing 45,333 50,171 83,220 93,113

General and administrative 177,205 60,803 230,164 118,478

Homebuilding (loss) income from operations ( 99,611 ) 72,360 ( 95,419 ) 144,362

Transaction expense ( 73,779 ) — ( 79,656 ) —

Other income, net 5,652 7,174 12,888 16,303

Homebuilding (loss) income before income taxes ( 167,762 ) 80,005 ( 162,299 ) 161,631

Revenues 16,106 18,403 29,599 35,904

Expenses 13,676 14,058 25,741 26,675

Financial services income before income taxes 2,430 4,345 3,858 9,229 (Loss) income before income taxes ( 165,332 ) 84,350 ( 158,441 ) 170,860

Benefit (provision) for income taxes 7,646 ( 23,640 ) 7,565 ( 46,133 )

Net (loss) income ( 157,686 ) 60,710 ( 150,876 ) 124,727

Net (loss) income available to common stockholders $ ( 157,698 ) $ 60,748 $ ( 150,912 ) $ 124,784

Three Months Ended September 30, Nine Months Ended September 30,

Home sales revenue $ 706,760 $ 817,298 $ 1,898,374 $ 2,417,916

Land and lot sales revenue — 18,768 598 23,953

Other operations revenue 824 805 2,474 2,439

Total revenues 707,584 836,871 1,901,446 2,444,308

Cost of home sales 582,096 649,195 1,555,184 1,894,098

Cost of land and lot sales 153 16,844 1,337 21,838

Other operations expense 813 794 2,438 2,381

Sales and marketing 46,559 48,490 129,779 141,603

General and administrative 53,600 56,703 283,764 175,181

Homebuilding income (loss) from operations 24,363 64,845 ( 71,056 ) 209,207

Equity in (loss) income of unconsolidated entities ( 24 10 ) 471 1,309 ( 112 122 ) 966 2,275

Transaction expense ( 6 ) — ( 79,662 ) —

Other income, net 4,430 6,581 17,318 22,884

Homebuilding income (loss) before income taxes 28,777 72,735 ( 133,522 ) 234,366

Revenues 19,433 17,858 49,032 53,762

Expenses 12,575 13,730 38,316 40,405

Financial services income before income taxes 6,858 4,128 10,716 13,357

Income (loss) before income taxes 35,635 76,863 ( 122,806 ) 247,723

Benefit (provision) for income taxes ( 12,066 ) ( 20,753 ) ( 4,501 ) ( 66,886 )

Net income (loss) 23,569 56,110 ( 127,307 ) 180,837

Net (income) loss attributable to noncontrolling interests ( 12 ) 38 15 34 ( 36 21 ) 57 91

Net income (loss) available to common stockholders $ 23,584 $ 56,144 $ ( 127,328 ) $ 180,928

6 unchanged paragraphs

Balance at March 31, 2026 85,135,803 $ 851 $ — $ 3,306,192 $ 3,307,043 $ 119 $ 3,307,162

Net income — — — ( 157,698 ) ( 157,698 ) 12 ( 157,686 )

Shares issued under stock-based awards 29,689 — — — — — —

Tax withholding paid on behalf of employees for stock-based awards — — ( 32 ) — ( 32 ) — ( 32 )

Stock-based compensation expense — — 3,032 — 3,032 — 3,032

Reclassification of previously recognized stock-based compensation from additional paid-in capital to accrued liabilities — — ( 1,841 ) — ( 1,841 ) — ( 1,841 )

Reclassification of previously recognized stock-based compensation related to awards settled at the Merger — — ( 9,665 ) — ( 9,665 ) — ( 9,665 )

Noncontrolling interest in consolidated subsidiary — — — — — 79 79

Effect of merger transaction ( 85,165,392 ) ( 851 ) — 851 — — —

Reclass the negative APIC to retained earnings — — 8,506 ( 8,506 ) — — —

1 unchanged paragraph

Net income (loss) — — — 23,584 23,584 ( 15 ) 23,569

Noncontrolling interest in consolidated subsidiary — — — — — 1 1

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and 371 more changes in the filing

Other information 43 changes

1 unchanged paragraph

Operating lease cash flows (included in operating cash flows) $ 3,809 3,333 $ 3,439 3,390 $ 7,514 10,847 $ 6,673 10,063

Ground lease cash flows (included in operating cash flows) $ 664 663 $ 664 663 $ 1,327 1,990 $ 1,327 1,990

Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,647 — $ 17,095 53 $ 2,816 $ 17,925 17,978

June September 30, 2026 December 31, 2025

4 unchanged paragraphs

Ground leases 42.1 42.5

Operating leases 5.3 5.1 5.7

Ground leases 41.8 42.5

2 unchanged paragraphs

Remaining in 2026 $ 6,546 $ 1,619

Total lease payments $ 67,822 $ 83,493

Less: Interest 9,167 56,471

Remaining in 2026 $ 3,329 $ 809

Thereafter 12,013 68,926 68,927

Total lease payments $ 64,605 $ 82,684

Less: Interest 8,240 55,776

Present value of operating lease liabilities $ 58,655 56,365 $ 27,022 26,908 (1) Ground leases are fully subleased through 2041, representing $ 49.7 48.8 million of the $ 83.5 82.7 million future ground lease obligations.

4 unchanged paragraphs

Compensation expense related to stock-based and liability classified awards is included in general and administrative expense in the accompanying consolidated statements of operations. During the three nine months ended June September 30, 2026, the Company recognized $ 88.1 92.3 million of compensation expense related to stock-based awards, consisting of $ 83.9 million of transaction vesting expense recognized in connection with the settlement of awards upon completion of the Merger, $ 3.0 5.0 million of compensation expense related to stock-based awards prior to the Merger, and $ 1.2 3.4 million of compensation expense related to liability-classified awards following the Merger.

1 unchanged paragraph

Three Months Ended June 30, Six Months Ended June 30,

Stock-based compensation $ 3,032 $ 8,603 $ 4,989 $ 16,159

Liability-classified compensation 1,170 — 1,170 —

Total compensation expense $ 88,079 $ 8,603 $ 90,036 $ 16,159

Three Months Ended September 30, Nine Months Ended September 30,

Stock-based compensation $ — $ 7,308 $ 4,989 $ 23,467

Transaction vesting compensation 83,877 — — 83,877 —

Stock-based and transaction vesting compensation 86,909 8,603 — 7,308 88,866 16,159 23,467

Liability-classified compensation 2,262 — 3,432 —

Total compensation expense $ 2,262 $ 7,308 $ 92,298 $ 23,467

1 unchanged paragraph

As of June September 30, 2026, there was no unrecognized compensation expense related to awards settled in connection with the Merger. As of June September 30, 2026, the Company had $ 3.0 5.2 million of liabilities related to cash-settled awards included in accrued expenses and other liabilities. Unrecognized compensation cost related to the outstanding liability-classified awards was $ 23.9 21.6 million and is expected to be recognized over a weighted-average period of 1.6 1.4 years.

1 unchanged paragraph

The following table presents a summary of activity for restricted stock units ("RSUs") for the six nine months ended June September 30, 2026. Upon completion of the Merger on May 14, 2026, awards that vested or became vested at closing were settled in cash based on the $ 47.00 per share Merger Consideration, and the remaining unvested 2026 awards were converted to cash-settled awards. As a result, no RSUs remained outstanding as of June 30, 2026.

6 unchanged paragraphs

Nonvested RSUs at June September 30, 2026 — $ —

2 unchanged paragraphs

For the six nine months ended June September 30, 2026, the Company granted an aggregate of 2,584 time-based RSUs to certain employees not described above. The RSUs granted vest in equal installments annually beginning on the anniversary of the grant date over a three-year period. The fair value of the RSUs granted was measured using the closing stock prices on the applicable date of each grant. In connection with the Merger, certain of these awards became vested and were settled in cash based on the $ 47.00 per share Merger Consideration, while the remaining unvested awards were converted to cash-settled awards that continue to vest in accordance with their original vesting terms. Any remaining compensation cost related to awards that vested upon completion of the Merger was recognized at that time, while compensation cost related to awards that remained unvested continues to be recognized over the remaining requisite service period.

2 unchanged paragraphs

We account for income taxes in accordance with ASC Topic 740, Income Taxes ("ASC 740"), which requires an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statements and tax bases of assets and liabilities using enacted tax rates for the years in which taxes are expected to be paid or recovered. Each quarter we assess our deferred tax asset to determine whether all or any portion of the asset is more likely than not unrealizable under ASC 740. We are required to establish a valuation allowance for any portion of the asset we conclude is more likely than not to be unrealizable. Our assessment considers, among other things, the nature, frequency and severity of our current and cumulative losses, forecasts of our future taxable income, the duration of statutory carryforward periods and tax planning alternatives.

As a result of the Merger described in Note 16, Merger Transaction, and effective May 14, 2026, the Company is included in the Sumitomo Forestry America, Inc. consolidated tax group for U.S. federal income tax purposes Although and for certain state income tax filings. The Company's post-merger results are included in Company is responsible for its allocated share of income taxes under consolidated income tax returns and will make the applicable income tax payments directly to Sumitomo Forestry America, Inc. consolidated return, our During the three and nine months ended September 30, 2026, the Company paid $ 19.4 million of income tax provision taxes to Sumitomo Forestry America, Inc. which is calculated primarily as though we were a separate taxpayer for the full year. included in Other Assets on our consolidated balance sheets.

We had net deferred tax assets of $ 43.1 million as of both June September 30, 2026 and December 31, 2025. We had a valuation allowance related to those net deferred tax assets of $ 3.7 million and $ 3.4 million as of June September 30, 2026 and December 31, 2025, respectively. The Company will continue to evaluate both positive and negative evidence in determining the need for a valuation allowance against its deferred tax assets. Changes in positive and negative evidence, including differences between the Company's future operating results and the estimates utilized in the determination of the valuation allowance, could result in changes in the Company's estimate of the valuation allowance against its deferred tax assets. The accounting for deferred taxes is based upon estimates of future result s. Differences between the anticipated and actual outcomes of these future results could have a material impact on the Company's consolidated results of operations or financial position. Also, changes in existing federal and state tax laws and tax rates could affect future tax results and the valuation allowance against the Company's deferred tax assets.

Although the Company's post-merger results are included in the Sumitomo Forestry America, Inc. consolidated return, our benefit income tax provision is calculated primarily as though we were a separate taxpayer for the full year. Our provision for income taxes totaled $ 7.6 12.1 million and $ 4.5 million for both the three and six nine months ended June September 30, 2026, respectively. Our provision for income taxes totaled $ 23.6 20.8 million and $ 46.1 66.9 million for the three and six nine months ended June September 30, 2025, respectively. The year-over-year decrease in our provision for income taxes for the three and six nine months ended June September 30, 2026, is primarily due to non-deductible executive compensation. and non-deductible transaction costs related to the Merger Transaction.

The Company classifies any interest and penalties related to income taxes assessed by jurisdiction as part of income tax expense. The Company did not have any uncertain tax positions recorded as of June September 30, 2026 and December 31, 2025. The Company has not been assessed interest or penalties by any major tax jurisdictions related to prior years.

1 unchanged paragraph

15. S upplemental Supplemental Disclosure to Consolidated Statements of Cash Flows

1 unchanged paragraph

Six Months Ended June 30,

Nine Months Ended September 30,

1 unchanged paragraph

Income taxes paid, net $ 20,208 $ 60,487

Interest paid (capitalized), net $ ( 964 11,731 ) $ ( 1,142 11,157 )

Income taxes paid, net $ 46,925 $ 82,152

1 unchanged paragraph

Increase in share repurchase excise tax accrual $ — $ 1,578 1,070

Amortization of deferred loan costs capitalized to real estate inventory $ 1,584 2,382 $ 1,268 1,972

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Forward-looking statements 256 changes

24 unchanged paragraphs

The following discussion and analysis should be read in conjunction with our consolidated financial statements and related condensed notes thereto contained elsewhere in this Quarterly Report on Form 10-Q. The information contained in this Quarterly Report on Form 10-Q is not a complete description of our business or the risks associated with an investment in our securities. We urge careful review and consideration of the various disclosures made by us in this report and in our other reports filed with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent reports on Form 8-K, which discuss our business in greater detail. The section entitled "Risk Factors" set forth in Item 1A of our Annual Report on Form 10-K, and similar disclosures in our other SEC filings, discuss some of the important risk factors that may affect o ur our business, results of operations and financial condition.

1 unchanged paragraph

During the second third quarter of 2026, conditions in the U.S. housing market continued to be challenging, softened further as elevated mortgage interest rates, remained elevated relative to recent years, and volatile inflation data, geopolitical developments involving Iran, and broader macroeconomic uncertainty weighed continued to weigh on consumer sentiment and confidence. Homebuyers remained became increasingly cautious, resulting in extended extending decision-making timelines and continued placing additional pressure on order conversion across many of our markets. Sales incentives remained a primary tool to support demand and maintain sales pace. While near-term conditions remain uncertain, Despite these challenges, we continue to see underlying prospective buyer interest, which may translate into stronger demand if affordability improves and consumer confidence stabilizes. The timing and magnitude of any improvement remain difficult to predict. We continue to believe the long-term outlook for the housing sector is supported by favorable demographic trends and a structural imbalance between housing supply and demand in the United States, although near-term market conditions may continue to affect our operating results.

During the quarter, we delivered 1,013 1,084 new homes at an average sales price of $676,000. $652,000. Our homebuilding gross margin was 18.0%, 17.6%, reflecting the increased use of sales incentives in response to a more challenging housing environment, as well as the impact of impairment charges recorded during the quarter. Lower home sales revenue reduced operating leverage, contributing to an increase in selling, general and administrative ("SG&A") expense to 32.5% 14.2% of home sales revenue. The increase was also driven by approximately $122.1 million of expenses incurred in connection with the Sumitomo Forestry transaction, including accelerated RSU vesting and other transaction-related compensation costs. Separate from the Merger-related compensation costs recorded in G&A expense, We incurred $73.8 million of transaction expenses during the quarter, primarily consisting of investment banking, legal, advisory and other professional service fees. We reported a net loss income of $157.7 $23.6 million for the quarter, which included approximately $196.8 million an effective tax rate of charges directly 33.9% driven by tax effects associated with the Merger with Sumitomo Forestry. consisting of the $122.1 million related to RSU vesting and other transaction-related compensation costs, the $73.8 million of transaction expenses discussed above, in addition to $907,000 of financial services expenses, including accelerated RSU vestings.

Net new home orders for the quarter were 1,147, 794, on a monthly absorption rate of 2.3 1.6 orders per average selling community. Our backlog units and dollar value as of the end of the quarter were 1,494 1,204 and $1.1 billion, $871.2 million, respectively. Our well-positioned lot supply continues to provide provides a foundation for planned community openings and future growth, while our diversified portfolio across geographies and price points enhances supports our ability to respond to varying local market conditions. However, continued affordability pressures and uncertainty surrounding consumer demand may affect the pace of sales and backlog conversion. We remain focused on balancing sales pace, pricing, incentives, and inventory investment while preserving capital flexibility and positioning the business adjusting to benefit as market conditions. stabilize. Following the completion of the Sumitomo Forestry transaction, we also expect to benefit over time from enhanced strategic resources and a shared long-term commitment to disciplined growth. With a homebuilding debt-to-capital ratio of 25.9% and a net homebuilding debt-to-net capital ratio of 16.9%, 19.7%, our strong balance sheet continues to provide the financial provides flexibility needed to support our navigate near-term uncertainty while selectively pursuing growth initiatives. opportunities.

1 unchanged paragraph

Three Months Ended June 30, Six Months Ended June 30,

Home sales revenue $ 685,118 $ 879,832 $ 1,191,614 $ 1,600,618

Land and lot sales revenue 23 3,364 598 5,185

Other operations revenue 825 814 1,650 1,634

Total revenues 685,966 884,010 1,193,862 1,607,437

Cost of home sales 562,022 696,630 973,088 1,244,903

Cost of land and lot sales 205 3,253 1,184 4,994

Other operations expense 812 793 1,625 1,587

Sales and marketing 45,333 50,171 83,220 93,113

General and administrative 177,205 60,803 230,164 118,478

Homebuilding (loss) income from operations (99,611) 72,360 (95,419) 144,362

Transaction expense (73,779) — (79,656) —

Other income, net 5,652 7,174 12,888 16,303

Homebuilding (loss) income before income taxes (167,762) 80,005 (162,299) 161,631

Revenues 16,106 18,403 29,599 35,904

Expenses 13,676 14,058 25,741 26,675

Financial services income before income taxes 2,430 4,345 3,858 9,229 (Loss) income before income taxes (165,332) 84,350 (158,441) 170,860

Benefit (provision) for income taxes 7,646 (23,640) 7,565 (46,133)

Net (loss) income (157,686) 60,710 (150,876) 124,727

Net (loss) income available to common stockholders $ (157,698) $ 60,748 $ (150,912) $ 124,784

Three Months Ended September 30, Nine Months Ended September 30,

Home sales revenue $ 706,760 $ 817,298 $ 1,898,374 $ 2,417,916

Land and lot sales revenue — 18,768 598 23,953

Other operations revenue 824 805 2,474 2,439

Total revenues 707,584 836,871 1,901,446 2,444,308

Cost of home sales 582,096 649,195 1,555,184 1,894,098

Cost of land and lot sales 153 16,844 1,337 21,838

Other operations expense 813 794 2,438 2,381

Sales and marketing 46,559 48,490 129,779 141,603

General and administrative 53,600 56,703 283,764 175,181

Homebuilding income (loss) from operations 24,363 64,845 (71,056) 209,207

Equity in (loss) income of unconsolidated entities (24) 471 (112) 966 (10) 1,309 (122) 2,275

Transaction expense (6) — (79,662) —

Other income, net 4,430 6,581 17,318 22,884

Homebuilding income (loss) before income taxes 28,777 72,735 (133,522) 234,366

Revenues 19,433 17,858 49,032 53,762

Expenses 12,575 13,730 38,316 40,405

Financial services income before income taxes 6,858 4,128 10,716 13,357

Income (loss) before income taxes 35,635 76,863 (122,806) 247,723

Provision for income taxes (12,066) (20,753) (4,501) (66,886)

Net income (loss) 23,569 56,110 (127,307) 180,837

Net (income) loss attributable to noncontrolling interests (12) 38 (36) 57 15 34 (21) 91

Net income (loss) available to common stockholders $ 23,584 $ 56,144 $ (127,328) $ 180,928

Three Months Ended June September 30, 2026 Compared to Three Months Ended June September 30, 2025

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West 556 74.8 2.5 523 68.8 2.5 6 % 9 % (2) %

Central 426 65.0 2.2 423 61.0 2.3 1 % 7 % (5) %

East 165 24.5 2.2 185 20.0 3.1 (11) % 23 % (27) %

Total 1,147 164.3 2.3 1,131 149.8 2.5 1 % 10 % (8) %

Net new home orders for the three months ended June 30, 2026 increased 1% to 1,147, compared to 1,131 during the prior-year period. Net new home orders increased due to a 10% increase in average selling communities, offset by an 8% decrease in monthly absorption rates. Demand conditions remained challenging during the quarter, as softer consumer sentiment, heightened geopolitical uncertainty, and elevated inventory levels across many markets contributed to increased competitive pressure and a slower sales pace. These factors reflect a more selective buyer environment, with affordability and confidence continuing to influence purchasing decisions. During the quarter, we opened 19 new communities and closed out of 11 existing communities. We remain focused on executing our planned community growth for the year in a disciplined manner, with this measured increase in community count expected to support higher volumes over time while remaining aligned with market demand.

Our West segment reported a 6% increase in net new home orders due to a 9% increase in average selling communities, offset by a 2% decrease in monthly absorption rates. Market conditions in the West remain challenging as mortgage rates stayed elevated and geopolitical factors continued to weigh on buyer sentiment and demand. Our Central segment reported a 1% increase in net new home orders due to a 7% increase in average selling communities, offset by a 5% decrease in monthly absorption rates. Net new home orders in the Central segment were relatively flat, as growth in Dallas-Fort Worth and Austin, along with the contributions from Utah, was largely offset by lower orders in Houston and Colorado. Utah delivered strong absorption during the quarter, reflecting positive early momentum as we continue to ramp up this startup division. Our East segment reported an 11% decrease in net new home orders due to a 27% decrease in monthly absorption rate, offset by a 23% increase in average selling communities. The decrease was primarily attributable to lower orders in DC Metro, partially offset by growth in Raleigh and Charlotte, as well as our first orders in Orlando during the quarter.

Three Months Ended June September 30, 2026 Three Months Ended June September 30, 2025 Percentage Change

West 352 74.5 1.6 488 70.8 2.3 (28) % 5 % (31) %

Central 326 69.0 1.6 322 59.2 1.8 1 % 17 % (13) %

East 116 25.0 1.5 185 22.0 2.8 (37) % 14 % (45) %

Total 794 168.5 1.6 995 152.0 2.2 (20) % 11 % (28) %

Net new home orders for the three months ended September 30, 2026 decreased 20% to 794, compared to 995 during the prior-year period. The decrease reflected a 28% decline in monthly absorption rates, partially offset by an 11% increase in average selling communities. Market conditions remained challenging during the quarter, as elevated mortgage rates and persistent inflation continued to pressure affordability, while geopolitical uncertainty weighed on buyer confidence. Elevated inventory levels across many markets also contributed to increased competition and a slower sales pace. Together, these conditions contributed to more cautious purchasing decisions and lower absorption rates. During the quarter, we opened 10 new communities and closed out of 10 existing communities. We continue to pursue our planned community growth in a disciplined manner, aligning the pace of investment with market demand. We expect this measured expansion to support higher order volumes over time.

Our West segment reported a 28% decrease in net new home orders, reflecting a 31% decline in monthly absorption rates, partially offset by a 5% increase in average selling communities. Elevated mortgage rates, affordability constraints and uncertainty continued to weigh on buyer sentiment and demand in the region. Our Central segment reported a 1% increase in net new home orders as a 17% increase in average selling communities more than offset a 13% decline in monthly absorption rates. The increase was primarily driven by the continued expansion of our Utah operations, largely offset by lower orders in Dallas–Fort Worth, Austin and Houston. Colorado reported a modest increase in orders, while monthly absorption rates declined across all markets in the segment. Our East segment reported a 37% decrease in net new home orders, reflecting a 45% decline in monthly absorption rates, partially offset by a 14% increase in average selling communities. The decrease was primarily attributable to lower orders in DC Metro and Raleigh, with a smaller decline in Charlotte. Monthly absorption rates declined across these markets as demand conditions remained challenging. These decreases were partially offset by our first net new home orders in Orlando during the quarter.

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West 785 $ 629,058 $ 801 813 $ 682,250 $ 839 (3) % (8) % (5) %

Central 472 282,083 598 450 271,975 604 5 % 4 % (1) %

East 237 153,492 648 257 225,490 877 (8) % (32) % (26) %

Total 1,494 $ 1,064,633 $ 713 1,520 $ 1,179,715 $ 776 (2) % (10) % (8) %

As of June September 30, 2026 As of June September 30, 2025 Percentage Change

West 621 $ 505,079 $ 813 680 $ 568,881 $ 837 (9) % (11) % (3) %

Central 430 262,060 609 378 231,076 611 14 % 13 % — %

East 153 104,100 680 240 213,587 890 (36) % (51) % (24) %

Total 1,204 $ 871,239 $ 724 1,298 $ 1,013,544 $ 781 (7) % (14) % (7) %

Backlog units reflect the number of homes, net of actual cancellations experienced during the period, for which we have entered into a sales contract with a homebuyer but for which we have not yet delivered the home. Homes in backlog are generally delivered within seven to ten months from the time the sales contract is entered into, although we may experience cancellations of sales contracts prior to delivery. Our cancellation rate of homebuyers who contracted to buy a home but cancelled prior to delivery of the home (as a percentage of overall orders) was 11% 16% and 13% 12% during the three-month periods ended June September 30, 2026 and 2025, respectively. The dollar value of backlog was $1.1 billion $871.2 million as of June September 30, 2026 compared to $1.2 $1.0 billion as of June September 30, 2025. Backlog units were down 2% 7% to 1,494, 1,204, due primarily to the 43% lower backlog leading into the current year and the sustained softer demand environment experienced throughout the first half nine months of 2026. Throughout the period, we remained focused on protecting price, maintaining a disciplined approach to incentives, and avoiding more aggressive pricing actions to drive volume. While shifts changes in product and geographic mix weighed on the average sales price of homes in backlog, we believe this our disciplined pricing approach helped mitigate further pricing pressure while contributing but also contributed to lower absorption activity rates and a corresponding decline fewer homes in backlog. units. The average sales price in backlog decreased 8% 7% to $713,000 $724,000 as of June September 30, 2026, compared to $776,000 $781,000 at June September 30, 2025. This decrease was due to a combination of geographical mix shifts, along with a higher level of incentives.

Backlog dollar value in our West segment decreased 8% 11% due to a 5% 3% decrease in average sales price and a 3% 9% decrease in backlog units. In our Central segment, backlog dollar value increased by 4%, 13%, driven by a 5% 14% increase in backlog units offset slightly by on a 1% decrease in flat average sales price. In our East segment, backlog dollar value decreased by 32%, 51%, driven by an 8% 36% decline in backlog units and a 26% 24% decrease in average sales price.

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West 458 $ 364,251 $ 795 640 $ 470,305 $ 735 (28) % (23) % 8 %

Central 376 206,933 550 481 262,593 546 (22) % (21) % 1 %

East 179 113,934 637 205 146,934 717 (13) % (22) % (11) %

Total 1,013 $ 685,118 $ 676 1,326 $ 879,832 $ 664 (24) % (22) % 2 %

Home sales revenue de creased $194.7 million to $685.1 million for the three months ended June 30, 2026 compared to the prior yea r period. The decrease was comprised of $207.8 million related to a 313-unit decrease in new homes delivered in the three months ended June 30, 2026, offset by a $12.2 million increase related to a $12,000 increase in average sales price for the three months ended June 30, 2026. Our lower backlog entering the current year quarter, which was down 21% on a unit basis compared to the prior-year period, resulted in fewer new home deliveries and was the primary driver of the home sales revenue decline.

Home sales revenue in our West segment decreased 23% due to a 28% decrease in new homes delivered, while average sales price increased by 8%. The decrease in deliveries reflects a lower backlog at the start of the current year compared to the prior year. Home sales revenue in our Central segment decreased 21% due to a 22% decrease in new homes delivered, while average sales price increased by 1%. The decrease in new homes delivered was due to a decrease in backlog units to start the current year compared to the prior year. Home sales revenue in our East segment decreased by 22% due to a 13% decrease in new homes delivered and an 11% decrease in average sales price. The decrease in deliveries reflects a lower backlog at the start of the current year period compared to the prior year.

Three Months Ended June September 30, 2026 Three Months Ended June September 30, 2025 Percentage Change

West 516 $ 385,528 $ 747 621 $ 471,658 $ 760 (17) % (18) % (2) %

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and 176 more changes in the filing

Market risk 1 change

We are exposed to market risks related to fluctuations in interest rates on our outstanding debt. We did not utilize swaps, forward or option contracts on interest rates or commodities, or other types of derivative financial instruments as of or during the six nine months ended June September 30, 2026. We did not enter into during the six nine months ended June September 30, 2026, and currently do not hold, derivatives for trading or speculative purposes.

Controls and procedures 2 changes

We have established disclosure controls and procedures to ensure that information we are required to disclose in the reports we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and accumulated and communicated to management, including the Chief Executive Officer (the "Principal Executive Officer") and Chief Financial Officer (the "Principal Financial Officer"), as appropriate, to allow timely decisions regarding required disclosure. Under the supervision and with the participation of senior management, including our Principal Executive Officer and Principal Financial Officer, we evaluated our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under the Exchange Act. Based on this evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were effective as of June September 30, 2026.

Our management, including our Principal Executive Officer and Principal Financial Officer, has evaluated our internal control over financial reporting to determine whether any change occurred during the three months ended June September 30, 2026 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. Based on that evaluation, there has been no such change during the three months ended June September 30, 2026.

Exhibits 4 changes

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101 The following materials from Tri Pointe Homes, Inc.'s Quarterly Report on Form 10-Q for the quarter ended June September 30, 2026, formatted in Inline eXtensible Business Reporting Language (iXBRL): (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Operations, (iii) Consolidated Statement of Cash Flows, and (iv) Condensed Notes to Consolidated Financial Statement.

104 Cover page from Tri Pointe Homes, Inc.'s Quarterly Report on Form 10-Q for the quarter ended June September 30, 2026, formatted in Inline XBRL (and contained in Exhibit 101).

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Date: August 13, November 5, 2026 By: /s/ Douglas F. Bauer

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Date: August 13, November 5, 2026 By: /s/ Glenn J. Keeler

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Unchanged: Notes to the financial statements, MD&A, Legal proceedings, Risk factors, Unregistered sales of stock

Compared by code from the two filings' text and XBRL. Not advice.

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Data on this page was fetched . The filing on SEC.gov is the record.