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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.SG&A has moved higher and become less cyclical as Pulte scales communities and ramps land/development investment, creating a persistent fixed-cost baseline that will need stronger revenue or lower incentives to deliver margin recovery. Financial Services and “other” lines show pronounced quarter-to-quarter noise from mortgage dynamics and land impairments, masking the underlying expense trajectory. Management’s guidance to hold homebuilding SG&A to a mid‑single‑digit share of revenue and Q2 as a margin trough frames the path: normalize incentives and closings, or elevated SG&A will delay margin improvement.
Date | Selling, General, and Administrative | Goodwill Impairment | Financial Services | Income from other entities | Loss on Debt Retirement | Other Income or Expenses |
|---|---|---|---|---|---|---|
Jun 30, 2026 | $382.96M | $0.00 | $60.67M | -$3.96M | $0.00 | -$3.92M |
Mar 31, 2026 | $380.33M | $0.00 | $59.16M | -$879.00K | $0.00 | -$6.75M |
Dec 31, 2025 | $389.46M | $0.00 | $58.41M | $814.00K | $0.00 | -$98.61M |
Sep 30, 2025 | $400.68M | $0.00 | $58.90M | -$2.42M | $0.00 | -$1.75M |
Jun 30, 2025 | $390.45M | $0.00 | $59.61M | -$409.00K | $0.00 | $1.01M |
Mar 31, 2025 | $393.34M | $0.00 | $54.97M | -$502.00K | $0.00 | -$6.36M |
Dec 31, 2024 | $195.64M | $0.00 | $64.47M | -$1.63M | $0.00 | -$22.04M |
Sep 30, 2024 | $406.90M | $0.00 | $58.91M | -$2.51M | $0.00 | -$9.70M |
Jun 30, 2024 | $361.14M | $0.00 | $49.33M | -$2.17M | $0.00 | -$13.32M |
Mar 31, 2024 | $357.59M | $0.00 | $51.38M | -$37.90M | $0.00 | -$16.68M |