Meritage Homes CORP
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
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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.
Sep 30, 2025 · Filed Oct 31, 2025
MTH$70.34+3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
UNAUDITED CONSOLIDATED BALANCE SHEETS
(in thousands, except share amounts)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $728,937 | $651,555 |
| Other receivables | 321,762 | 256,282 |
| Real estate | 6,140,687 | 5,728,775 |
| Deposits on real estate under option or contract | 198,158 | 192,405 |
| Investments in unconsolidated entities | 45,714 | 28,735 |
| Property and equipment, net | 47,976 | 47,285 |
| Deferred tax assets, net | 47,222 | 54,524 |
| Prepaids, other assets and goodwill | 228,054 | 203,093 |
| Total assets | $7,758,510 | $7,162,654 |
| Liabilities | ||
| Accounts payable | $217,875 | $212,477 |
| Accrued liabilities | 414,717 | 452,213 |
| Home sale deposits | 9,420 | 20,513 |
| Loans payable and other borrowings | 25,811 | 29,343 |
| Senior and convertible senior notes, net | 1,803,167 | 1,306,535 |
| Total liabilities | 2,470,990 | 2,021,081 |
| Stockholders’ Equity | ||
| Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at September 30, 2025 and December 31, 2024 | — | — |
| Common stock, par value $0.01. Authorized 125,000,000 shares; 70,406,707 and 71,921,972 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | 704 | 360 |
| Additional paid-in capital | 11,416 | 143,036 |
| Retained earnings | 5,275,400 | 4,998,177 |
| Total stockholders’ equity | 5,287,520 | 5,141,573 |
| Total liabilities and stockholders’ equity | $7,758,510 | $7,162,654 |
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