Meritage Homes CORP

For the period ended Mar 31, 2025. Filed Apr 25, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 25, 2025

MTH$70.34+3.4%Stored close · as of Nov 9, 2026

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Contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

UNAUDITED CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts)

	March 31, 2025	December 31, 2024
Assets
Cash and cash equivalents	$1,011,652	$651,555
Other receivables	262,103	256,282
Real estate	5,800,954	5,728,775
Deposits on real estate under option or contract	254,546	192,405
Investments in unconsolidated entities	31,288	28,735
Property and equipment, net	47,015	47,285
Deferred tax assets, net	54,145	54,524
Prepaids, other assets and goodwill	238,515	203,093
Total assets	$7,700,218	$7,162,654
Liabilities
Accounts payable	$229,845	$212,477
Accrued liabilities	422,711	452,213
Home sale deposits	17,650	20,513
Loans payable and other borrowings	35,183	29,343
Senior and convertible senior notes, net	1,800,085	1,306,535
Total liabilities	2,505,474	2,021,081
Stockholders’ Equity
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at March 31, 2025 and December 31, 2024	—	—
Common stock, par value $0.01. Authorized 125,000,000 shares; 71,830,262 and 71,921,972 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	718	360
Additional paid-in capital	103,930	143,036
Retained earnings	5,090,096	4,998,177
Total stockholders’ equity	5,194,744	5,141,573
Total liabilities and stockholders’ equity	$7,700,218	$7,162,654

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.