Century Communities Net Income Drops 38% to $24.4M in Q1 2026

Century Communities, Inc., a homebuilder operating across multiple U.S. markets, reported net income of $24.4 million for the three months ending March 31, 2026, a 38% decline from $39.4 million in the same period of 2025. The company posted diluted earnings per share of $0.84, down from $1.26 a year earlier. Read more earnings reports.

Total revenue for the quarter fell to $789.7 million, a 13% drop from $903.2 million in the first quarter of 2025. Home sales revenue, the company's primary revenue source, declined to $734.1 million from $883.7 million in the prior-year period.

Cost of revenue decreased to $603.3 million from $707.9 million year-over-year. Selling, general and administrative expenses dropped to $116.1 million from $120.8 million, a 4% reduction. The company recorded income tax expense of $8.9 million for the quarter, compared to $13.1 million in the first quarter of 2025.

Century Communities burned through $50.3 million in operating cash during the quarter, compared to a $36.6 million outflow in the same period last year. The company raised $27.5 million through financing activities, a reversal from the prior year when it used $1.5 million in financing cash. Investing activities consumed $8.2 million, double the $4.1 million spent a year earlier.

Cash and cash equivalents stood at $78.2 million as of March 31, 2026, down from $109.4 million at the end of December 2025 and $100.3 million at the end of the first quarter of 2025. Total assets rose slightly to $4.51 billion from $4.46 billion at year-end 2025.

Total liabilities increased to $1.96 billion from $1.87 billion at December 31, 2025. Stockholders' equity declined to $2.55 billion from $2.59 billion over the same period. Retained earnings grew to $2.22 billion from $2.21 billion, reflecting the quarter's net income.

The company had 28.8 million common shares outstanding as of March 31, 2026, down from 29.1 million shares at the end of 2025.

First Quarter 2026 Financial Summary

Balance Sheet Highlights