Legacy Housing Corp
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 12, 2026
LEGH$29.74-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 2025 and 2024
BALANCE SHEETS (in thousands, except share data)** **
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, · · December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Assets | | | | | | |
| Current assets: · · · · | ||||||
| Cash and cash equivalents | | $8,478 | | $1,149 | ||
| Accounts receivable, net | | 5,467 | | 3,985 | ||
| Income tax refund receivable | | | 5,617 | | | — |
| Dealer financed receivables, net | | | 26,685 | | | 32,585 |
| Consumer loans receivable | | 9,458 | | 8,623 | ||
| Notes receivable from mobile home parks (“MHP”) | | 59,632 | | 23,770 | ||
| Other notes receivable | | 4,868 | | 12,152 | ||
| Inventories | | 39,853 | | 37,538 | ||
| Prepaid expenses and other current assets | | 4,598 | | 4,504 | ||
| Total current assets | | 164,656 | | 124,306 | ||
| Consumer loans receivable, net | | 189,356 | | 165,482 | ||
| Notes receivable from mobile home parks (“MHP”), net | | 136,906 | | 182,694 | ||
| Other notes receivable, net | | 1,226 | | 2,764 | ||
| Other assets - leased mobile homes | | | 3,804 | | | 4,557 |
| ROU assets - operating leases | | | 1,313 | | | 1,321 |
| Other assets | | 13,911 | | 5,485 | ||
| Property, plant and equipment, net | | 60,497 | | 47,585 | ||
| Deferred income taxes, net | | | 998 | | | |
| Intangible Assets, net | | | 5,198 | | | — |
| Goodwill | | | 2,472 | | | — |
| Total assets | | $580,337 | | $534,194 | ||
| Liabilities and Stockholders' Equity | | | | | ||
| Current liabilities: | | | | | ||
| Accounts payable | | $6,443 | | $5,091 | ||
| Accrued liabilities | | 25,063 | | 13,672 | ||
| Customer deposits | | 1,764 | | 1,880 | ||
| Escrow liability | | 13,109 | | 11,623 | ||
| Operating lease obligation | | | 479 | | | 476 |
| Total current liabilities | | 46,858 | | 32,742 | ||
| Long‑term liabilities: | | | | | ||
| Operating lease obligation, less current portion | | | 860 | | | 920 |
| Lines of credit | | 1,200 | | — | ||
| Deferred income taxes, net | | | — | | | 2,206 |
| Dealer incentive liability | | 2,805 | | 4,370 | ||
| Total liabilities | | 51,723 | | 40,238 | ||
| Commitments and contingencies (Note 16) | | | | | ||
| Stockholders' equity: | | | | | | |
| Preferred stock, $.001 par value, 10,000,000 shares authorized: no shares issued or outstanding | | | — | | | — |
| Common stock, $.001 par value, 90,000,000 shares authorized; 24,866,342 and 24,865,906 issued | | | | | | |
| and 23,812,341 and 24,158,311 outstanding at December 31, 2025 and 2024, respectively | | | 32 | | | 31 |
| Treasury stock at cost 1,054,001 and 707,595 shares at December 31, 2025 and 2024, respectively | | | (17,484) | | | (9,875) |
| Additional paid-in-capital | | | 182,857 | | | 182,400 |
| Retained earnings | | | 363,209 | | | 321,400 |
| Total stockholders' equity | | | 528,614 | | | 493,956 |
| Total liabilities and stockholders' equity | | $580,337 | | $534,194 | ||
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