Meritage Homes CORP

For the period ended Jun 30, 2025. Filed Jul 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.

Jun 30, 2025 · Filed Jul 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)

	June 30, 2025	December 31, 2024
Assets
Cash and cash equivalents	$930,463	$651,555
Other receivables	270,836	256,282
Real estate	5,963,674	5,728,775
Deposits on real estate under option or contract	221,359	192,405
Investments in unconsolidated entities	34,676	28,735
Property and equipment, net	46,449	47,285
Deferred tax assets, net	52,397	54,524
Prepaids, other assets and goodwill	236,515	203,093
Total assets	$7,756,369	$7,162,654
Liabilities
Accounts payable	$242,081	$212,477
Accrued liabilities	406,436	452,213
Home sale deposits	10,949	20,513
Loans payable and other borrowings	26,120	29,343
Senior and convertible senior notes, net	1,801,609	1,306,535
Total liabilities	2,487,195	2,021,081
Stockholders’ Equity
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at June 30, 2025 and December 31, 2024	—	—
Common stock, par value $0.01. Authorized 125,000,000 shares; 71,156,138 and 71,921,972 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively	712	360
Additional paid-in capital	62,084	143,036
Retained earnings	5,206,378	4,998,177
Total stockholders’ equity	5,269,174	5,141,573
Total liabilities and stockholders’ equity	$7,756,369	$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.