Tri Pointe Homes, Inc. (formerly Quadrant Homes) is a home construction company headquartered in Incline Village, Nevada. It also offers financing and insurance services to homebuyers. It operates in Arizona, California, Nevada, Washington, Colorado, Texas, the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, Utah, and Florida.3Wikipedia text CC BY-SA 4.0
Tri Pointe Homes, Inc. (formerly Quadrant Homes) is a home construction company headquartered in Incline Village, Nevada. It also offers financing and insurance services to homebuyers. It operates in Arizona, California, Nevada, Washington, Colorado, Texas, the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, Utah, and Florida. The company is the 15th largest home construction company in the United States based on the number of homes closed.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Total assets1391011128$5.0B in 2025+29% since 2019Total liabilities1391011128$1.7B in 2025−1% since 2019Shareholders’ equity1391011128$3.3B in 2025+52% since 2019Cash1391011128$982.8M in 2025+199% since 2019Long-term debt139101112$646.5M in 2024−37% since 2019
Total assets1415$4.8B in Q2 FY2026−3% since Q1 FY2025Total liabilities1415$1.7B in Q2 FY2026+1% since Q1 FY2025Shareholders’ equity1415$3.1B in Q2 FY2026−5% since Q1 FY2025Cash1415$462.1M in Q2 FY2026−53% since Q1 FY2025
Cash from operations91011128$161.5M in 2025−49% since 2019Capital spending91011128$32.9M in 2025+9% since 2019Free cash flow91011128$128.5M in 2025−55% since 2019Share buybacks91011128$277.4M in 2025+211% since 2019
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Tri Pointe Homes sits at the top of its group. 39 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Tri Pointe Homes
GLAZER CAPITAL, LLCFiled SCHEDULE 13G/A on Tri Pointe Homes, latest Aug 13, 2026 (2 filings since May 11, 2026)
State Street CorporationFiled SCHEDULE 13G on Tri Pointe Homes, latest May 12, 2026 (4 filings since Oct 16, 2024)
FMR LLCFiled SCHEDULE 13G/A on Tri Pointe Homes, latest May 6, 2026 (3 filings since Nov 5, 2025)
Cabin Branch Commons, LLC Subsidiary · Maryland, United States
Sonoma Insurance Company, Inc. Subsidiary · Hawaii, United States
Tri Pointe Advantage Insurance Services, Inc. Subsidiary · Delaware, United States
Tri Pointe Assurance California, LLC Subsidiary · Delaware, United States
Tri Pointe Assurance, Inc. Subsidiary · Texas, United States
Tri Pointe Communities, Inc. Subsidiary · Delaware, United States
Tri Pointe Connect, L.L.C. Subsidiary · Delaware, United States
Tri Pointe Contractors, LP Subsidiary · Delaware, United States
Tri Pointe Holdings, Inc. Subsidiary · Washington, United States
Tri Pointe Homes 1464, LLC Subsidiary · Delaware, United States
Tri Pointe Homes 359, LLC Subsidiary · Delaware, United States
Tri Pointe Homes 529, LLC Subsidiary · Delaware, United States
Tri Pointe Homes Arizona 91, LLC Subsidiary · Arizona, United States
Tri Pointe Homes Arizona Construction, LLC Subsidiary · Arizona, United States
Tri Pointe Homes Arizona Realty, LLC Subsidiary · Arizona, United States
Tri Pointe Homes Arizona Rio Rancho, LLC Subsidiary · Arizona, United States
Tri Pointe Homes Arizona VR, LLC Subsidiary · Arizona, United States
Tri Pointe Homes Arizona WH, LLC Subsidiary · Arizona, United States
Tri Pointe Homes Arizona, LLC Subsidiary · Arizona, United States
Tri Pointe Homes Cypress, LLC Subsidiary · Delaware, United States
Tri Pointe Homes DC Metro Amalyn, LLC Subsidiary · Delaware, United States
Tri Pointe Homes DC Metro, Inc. Subsidiary · Delaware, United States
Tri Pointe Homes DFW, LLC Subsidiary · Texas, United States
Tri Pointe Homes Hatcher, LLC Subsidiary · Delaware, United States
Tri Pointe Homes HBL, LLC Subsidiary · Delaware, United States
and 13 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Tri Pointe Homes reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
We lease our principal executive office located in Incline Village, Nevada and our corporate offices located in Irvine, California. Our homebuilding division offices and financial services operations are located in leased space in the markets where we conduct business.
We believe that such properties, including the equipment located therein, are suitable and adequate to meet the needs of our businesses.
Tri Pointe was founded in April 2009 in Irvine, California by Doug Bauer, Tom Mitchell, and Mike Grubbs. In 2010, it received $150 million in financing from Starwood Capital.
In January 2013, Tri Pointe became a public company via an initial public offering.
In July 2014, Tri Pointe acquired Weyerhaeuser Real Estate Company (WRECO), which constructed homes under the names Quadrant Homes (greater Seattle and Puget Sound area), Pardee Homes (California and Nevada), Maracay Homes (Arizona), Trendmaker Homes, Avanti Custom Homes, Texas Casual Cottages (Texas), Winchester Homes, Camberley Homes, and Everson Homes (Maryland and Virginia).
In January 2021, the company changed its corporate name and rebranded all of its subsidiaries under the name Tri Pointe Homes.
In 2026, Sumitomo Forestry agreed to acquire the company for $47 per share, valuing the deal at about $4.5 billion. The deal was completed in May, 2026 with Tri Pointe Homes becoming a wholly owned subsidiary of Sumitomo Forestry America, Inc., which is a wholly owned subsidiary of Sumitomo Forestry Group, and ceased trading on the New York Stock Exchange.
Around Nov 27, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.
When it reported results
Aug 13, 2026Reported quarterly or annual results41
Apr 29, 2026Reported quarterly or annual results43
Feb 25, 2026Reported quarterly or annual results47
Oct 23, 2025Reported quarterly or annual results49
Jul 24, 2025Reported quarterly or annual results52
Apr 24, 2025Reported quarterly or annual results53
Feb 18, 2025Reported quarterly or annual results54
Oct 24, 2024Reported quarterly or annual results55
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
246 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 38 major events, 122 insider forms, 30 large holders, 36 other. The latest 20:
14 open-market trades by officers, directors and large owners since October 2021: 0 buys and 14 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).16
Risk factors and legal proceedings
The risks Tri Pointe Homes names in Item 1A of its 10-K filed Feb 26, 2026: 64 risks under these headings, as written.16
Risks Related to the Merger
Consummation of the Merger is subject to certain conditions, including approval from our stockholders, the receipt of required regulatory approvals, and the satisfaction of other closing conditions, including conditions that may not be satisfied or completed within the expected timeframe, if at all.
Failure to consummate the Merger in a timely manner, or at all, could negatively impact our Financial Performance and the market price of our common stock.
The Merger Agreement subjects us to certain restrictions that may impede our ability to operate our business pending the consummation of the Merger.
Whether or not the Merger is completed, the pendency of the Merger may disrupt our business and adversely affect our Financial Performance.
The Merger Agreement contains provisions that could discourage a third party from making a competing acquisition proposal.
We have incurred, and will continue to incur, significant costs as a result of the Merger.
Litigation challenging the Merger may delay or prevent its completion or result in significant costs.
Risks Related to Our Business
Our long-term growth depends upon our ability to identify and successfully acquire desirable land parcels at reasonable prices.
Our quarterly results of operations may fluctuate because of the seasonal nature of our business and other factors.
Our business is cyclical and subject to risks associated with the real estate industry, and adverse changes in general economic or business conditions could reduce the demand for homes and related financial services and materially and adversely affect us.
The other 54 risks
Because most of our homebuyers finance the purchase of their homes, the terms and availability of mortgage financing can affect the demand for and the ability to complete the purchase of a home, which could materially and adversely affect us.
Interest rate increases or changes in federal lending programs or other regulations could lower demand for our homes, which could materially and adversely affect us.
Raw material shortages and price fluctuations could cause delays and increase our costs.
Tax law changes that increase the after-tax costs of owning a home could prevent potential customers from buying our homes and adversely affect our Financial Performance.
We face numerous risks associated with controlling, purchasing, holding and developing land.
Adverse weather and natural disasters may increase costs, cause project delays and reduce consumer demand for housing.
The unavailability of water in California, Arizona, and other areas in which we operate, including due to drought conditions, may negatively impact the economy, increase the risk of wildfires, cause us to incur additional costs, and delay or prevent new home deliveries.
We may be unable to find and retain suitable contractors and subcontractors at reasonable rates.
The supply of skilled labor may be adversely affected by changes in immigration laws and policies.
We could be responsible for employment-related liabilities with respect to our contractors’ employees.
We may incur costs, liabilities and reputational damage if our subcontractors engage in improper construction practices or install defective materials.
Utility shortages or price increases could have an adverse impact on operations.
Some of our markets have been and in the future may be adversely affected by declining oil prices.
Government regulations and legal challenges may delay the start or completion of our communities, increase our expenses or limit our building or other activities.
Laws and regulations governing the residential mortgage, title insurance, and property and casualty insurance industries could materially and adversely affect our Financial Performance.
We may be unable to obtain suitable bonding for the development of our housing projects.
We are subject to environmental laws and regulations that may impose significant costs, delays, restrictions or liabilities.
Changes in global or regional climate conditions and governmental response to such changes may limit, prevent or increase the costs of our planned or future growth activities.
We may be unable to develop our communities successfully or within expected timeframes.
Negative publicity or poor relations with our homebuyers could negatively impact our sales and reputation.
The homebuilding industry is highly competitive, and if our competitors are more successful or offer better value to potential homebuyers, our business could decline.
Increases in our cancellation rate could have a negative impact on our home sales revenue and homebuilding margins.
Homebuilding is subject to products liability, home warranty and construction defect claims and other litigation in the ordinary course of business that can be significant and may not be covered by insurance.
Our ability to promptly sell one or more properties for reasonable prices in response to changing economic, financial and investment conditions may be limited and we may be forced to hold non-income producing properties for extended periods of time.
Fluctuations in real estate values may require us to write-down the book value of our real estate assets.
The geographic concentration of our operations in certain regions subjects us to an increased risk of loss of revenue or decreases in the market value of our land and homes in those regions from factors which may affect any of those regions.
Inflation could materially and adversely affect us by increasing the costs of land, raw materials and labor, negatively impacting housing demand, raising our costs of capital, and decreasing our purchasing power.
Acts of war, terrorism, civil unrest or public health emergencies, including outbreaks of contagious disease, may seriously harm our business.
We are subject to litigation and claims that could materially and adversely affect us.
Information technology failures and data security breaches could harm our business.
Tri Pointe Connect depends materially on vendors that we do not control.
A major health and safety incident relating to our business could be costly in terms of potential liabilities and reputational damage.
Increases in tariffs and retaliatory responses may cause increases in the prices of some of the construction materials that we use and may negatively affect the national and local economies.
Increases in taxes or government fees could increase our costs, which could materially and adversely affect us.
Risks Related to Our Indebtedness
Our use of leverage in executing our business strategy exposes us to significant risks.
We may require significant additional capital in the future and may not be able to secure adequate funds on acceptable terms.
Our access to capital and our ability to obtain additional financing could be affected by any downgrade of our credit ratings.
Our current financing arrangements contain, and our future financing arrangements likely will contain, restrictive covenants relating to our operations.
Higher interest rates on our debt may materially and adversely affect our Financial Performance.
Failure to hedge effectively against interest rate changes may materially and adversely affect our Financial Performance.
Risks Related to Our Organization and Structure
We are and will continue to be dependent on key personnel and certain members of our management team.
Termination of the employment agreements with the members of our management team could be costly and prevent a change in control of our company.
Certain anti-takeover defenses and applicable law may limit the ability of a third-party to acquire control of us.
Selected provisions of our charter and bylaws.
Selected provisions of Delaware law.
We may change our operational policies, investment guidelines and our business and growth strategies without stockholder consent, which may subject us to different and more significant risks in the future.
If we fail to maintain an effective system of internal controls, we may not be able to accurately determine our financial results or prevent fraud. As a result, our stockholders could lose confidence in our financial results, which could materially and adversely affect us and the market price of our common stock.
Changes in accounting rules, assumptions and/or judgments could delay the dissemination of our financial statements and cause us to restate prior period financial statements.
Our joint venture investments could be materially and adversely affected by lack of sole decision making authority, reliance on co-venturers’ financial condition and disputes between us and our co-venturers.
Risks Related to Ownership of Our Common Stock
We do not intend to pay dividends on our common stock for the foreseeable future.
Future sales of our common stock or other securities convertible into our common stock could cause the market value of our common stock to decline and could result in dilution of stockholders’ shares.
Future offerings of debt securities, which would rank senior to our common stock in the event of our bankruptcy or liquidation, and future offerings of equity securities that may be senior to our common stock for the purposes of dividend and liquidating distributions, may adversely affect the market price of our common stock.
Non-U.S. holders may be subject to United States federal income tax on gain realized on the sale or disposition of shares of our common stock.
There is no assurance that the existence of a stock repurchase program will result in repurchases of our common stock or enhance long term stockholder value, and repurchases, if any, could affect our stock price and increase its volatility and will diminish our cash reserves.
Legal proceedings
Lawsuits, claims and proceedings have been and may be instituted or asserted against us in the normal course of business, including actions brought on behalf of various classes of claimants. We are also subject to local, state and federal laws and regulations related to land development activities, house construction standards, sales practices, employment practices, environmental protection and financial services. As a result, we are subject to periodic examinations or inquiry by agencies administering these laws and regulations.
We record a reserve for potential legal claims and regulatory matters when they are probable of occurring and a potential loss is reasonably estimable. We accrue for these matters based on facts and circumstances specific to each matter and revise these estimates when necessary. In view of the inherent difficulty of predicting outcomes of legal claims and related contingencies, we generally cannot predict their ultimate resolution, related timing or eventual loss. Accordingly, it is possible that the ultimate outcome of any matter, if in excess of a related accrual or if no accrual was made, could be material to our financial statements. See Note 13, Commitments and Contingencies, of the notes to our consolidated financial statements included elsewhere in this annual report on Form 10-K.
