Tri Pointe Q1 Net Income Falls to $6.8M on $506.5M Revenue
Tri Pointe Homes reported Q1 net income of $6.8 million, down from $64.0 million a year earlier, on home sales revenue of $506.5 million versus $720.8 million, with deliveries falling to 736 homes from 1,040. The Sumitomo Forestry merger has cleared shareholder approval and HSR waiting-period requirements.
1. Financial Results
Tri Pointe Homes reported net income available to common stockholders of $6.8 million ($0.08 per diluted share) for the quarter ended March 31, 2026, compared with $64.0 million ($0.70 per share) in Q1 2025. Home sales revenue declined to $506.5 million from $720.8 million, with deliveries down to 736 homes from 1,040 and homebuilding gross margin at 18.8% versus 23.9% a year earlier.
2. Merger Progress
The merger agreement with Sumitomo Forestry’s Teton NewCo has achieved stockholder approval and expiration of the Hart-Scott-Rodino waiting period, leaving remaining contractual conditions to be met. As of March 31, 2026, the company held $1.7 billion in total liquidity, including $847.9 million in cash and $827.5 million available under its revolving credit facility.