For the quarter ending 2026-03-31, MHO had $78,227K increase in cash & cash equivalents over the period. $135,577K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 67,832 | 63,971 | 106,490 | 232,480 |
| Impairment of inventory and abandoned land transaction write-offs | - | 47,669 | - | - |
| Production related impairments or charges | - | - | 7,583 | - |
| Equity in income from joint venture arrangements | - | 0 | - | 0 |
| Mortgage loan originations | 633,688 | 775,699 | 749,752 | 1,371,660 |
| Proceeds from the sale of mortgage loans | 677,475 | 705,194 | 791,478 | 1,379,785 |
| Fair value adjustment of mortgage loans held for sale | 3,506 | 10,802 | -444 | -5,452 |
| Servicing asset at fair value, additions | -1,391 | -2,561 | -2,044 | -2,783 |
| Amortization of mortgage servicing rights | 328 | 378 | 283 | 485 |
| Depreciation | 4,077 | 4,002 | 3,991 | 7,534 |
| Amortization of debt issue costs | 849 | 867 | 842 | 1,662 |
| Gain on sale of mortgage servicing rights | 1,597 | 0 | 0 | 1,718 |
| Loss on extinguishment of debt | - | - | 0 | - |
| Stock-based compensation expense | 4,185 | 4,357 | 4,525 | 8,116 |
| Excess tax benefits on equity compensation | 1,564 | - | -1,225 | -1,091 |
| Deferred income tax expense | - | -8,943 | - | - |
| Other, net | - | - | 0 | - |
| Effective income tax rate reconciliation, equity compensation | - | -2,333 | - | - |
| Inventory | -41,770 | -1,077 | 130,960 | 183,582 |
| Other assets | 12,507 | -7,686 | -9,990 | 22,001 |
| Accounts payable | 34,628 | -76,792 | 5,505 | 53,897 |
| Customer deposits | 8,598 | -10,761 | -10,558 | 2,833 |
| Accrued compensation | -44,159 | 12,054 | 18,498 | -35,789 |
| Other liabilities | -13,423 | 7,518 | -10,788 | 39,926 |
| Net cash (used in) provided by operating activities | 135,731 | -8,707 | 43,414 | 102,642 |
| Purchase of property and equipment | 154 | 4,257 | 1,404 | 3,948 |
| Return of capital from joint venture arrangements | - | 0 | 2,002 | - |
| Investment in joint venture arrangements | 3,803 | 24,785 | 16,050 | 18,360 |
| Net proceeds from sale of mortgage servicing rights | 9,075 | 0 | 0 | 7,062 |
| Net cash provided by (used in) investing activities | 5,118 | -29,042 | -15,452 | -15,246 |
| Net proceeds from (repayment of) bank borrowings - financial services operations | -16,655 | 44,877 | -43,947 | -10,233 |
| Payments for repurchase of common stock | 50,066 | 51,655 | 50,179 | 100,199 |
| Debt issue costs | - | 498 | 6,508 | - |
| Proceeds from exercise of stock options | 4,099 | 40 | 6,448 | 1,864 |
| Net cash (used in) provided by financing activities | -62,622 | -7,236 | -94,186 | -108,568 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, period increase (decrease), including exchange rate effect, total | 78,227 | -44,985 | -66,224 | -21,172 |
| Cash, cash equivalents and restricted cash-period start | 689,189 | 87,396 | 821,570 | - |
| Cash, cash equivalents and restricted cash-period end | 767,416 | -44,985 | 734,174 | - |
M I HOMES, INC. (MHO)
M I HOMES, INC. (MHO)