Cover and table of contents

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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2025

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 1-9804

PulteGroupLogo2022 (2).jpg

PULTEGROUP, INC.

(Exact name of registrant as specified in its charter)

Michigan38-2766606
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
3350 Peachtree Road NE, Suite 1500
Atlanta,Georgia30326
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code:404978-6400

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Shares, par value $0.01PHMNew York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth company
☒☐☐☐☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes☐No☒

Number of common shares outstanding as of July 15, 2025: 197,297,574

PULTEGROUP, INC.

TABLE OF CONTENTS

Page No.
PART IFINANCIAL INFORMATION
Item 1Financial Statements
Condensed Consolidated Balance Sheets at June 30, 2025 and December 31, 20243
Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 20244
Consolidated Statements of Shareholders' Equity for the three and six months ended June 30, 2025 and 20245
Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 20247
Notes to Condensed Consolidated Financial Statements8
Item 2Management's Discussion and Analysis of Financial Condition and Results of Operations24
Item 3Quantitative and Qualitative Disclosures About Market Risk38
Item 4Controls and Procedures40
PART IIOTHER INFORMATION40
Item 1Legal Proceedings40
Item 1ARisk Factors40
Item 2Unregistered Sales of Equity Securities and Use of Proceeds41
Item 5Other Information41
Item 6Exhibits42
Signatures44

PART I. FINANCIAL INFORMATION

Next: Item 1. Financial Statements