Financial Performance & Projections - Beazer Homes' Q3 FY25 new home orders decreased by 195% year-over-year, with 861 orders[34, 47] - Homebuilding revenue for Q3 FY25 was $5354 million, a decrease of 92% compared to the previous year[34] - The average selling price increased by 24% to $5173 thousand in Q3 FY25[34, 47] - Adjusted EBITDA for Q3 FY25 was $321 million, a 400% decrease year-over-year[34, 47] - The company expects approximately $50 million in Adjusted EBITDA for Q4[35] - Beazer Homes projects to have over 200 communities by the end of fiscal year 2027[23, 26] - The company aims for a low 30% net debt to net capitalization by the end of fiscal year 2027[24, 28] Balance Sheet & Liquidity - Total liquidity is approximately $292 million, including unrestricted cash, restricted cash, and undrawn revolver[37] - Net debt to net capitalization ratio is 466%[37, 60] - The company plans land spending between $700 million and $750 million for FY25[39] Operational Metrics - The average active community count increased by 149% to 167 in Q3 FY25[34, 47] - Closings decreased by 113% to 1,035 in Q3 FY25[34, 47] - The cancellation rate increased by 120 basis points to 198%[47] - The company is targeting 100% Zero Energy Ready (ZER) home starts by the calendar year end of 2025[46]