Meritage Homes — Apr 22, 2026 release

This compared to $45 million in the first quarter of 2025. As of March 31, 2026, $384 million remained available to repurchase. GUIDANCE Based on current market conditions, the Company is updating its guidance for full year 2026 home closing volume and revenue to at or within 5% of full year 2025 results. CONFERENCE CALL Management will host a conference call to discuss its first quarter 2026 results at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) on Thursday, April 23, 2026. To listen, please go to Meritage's Investor Relations page for the live webcast or dial in to 1-800-445-7795 US toll free or 1-785-424-1699. A replay will be available on the Investor Relations page. 4 Meritage Homes Corporation and Subsidiaries Consolidated Income Statements (In thousands, except per share data) (Unaudited)     Three Months Ended March 31, 2026 2025 Change $ Change % Homebuilding: Home closing revenue $ 1,107,822  $ 1,342,104  $ (234,282) (17) % Land closing revenue 9,361  15,421  (6,060) (39) % Total closing revenue 1,117,183  1,357,525  (240,342) (18) % Cost of home closings (914,024) (1,046,454) (132,430) (13) % Cost of land closings (9,630) (12,256) (2,626) (21) % Total cost of closings (923,654) (1,058,710) (135,056) (13) % Home closing gross profit 193,798  295,650  (101,852) (34) % Land closing gross (loss)/profit (269) 3,165  (3,434) (108) % Total closing gross profit 193,529  298,815  (105,286) (35) % Financial Services: Revenue 6,285  7,082  (797) (11) % Expense (3,623) (4,192)