M/I Homes, Inc.

M/I HOMES, INC . (Exact name of registrant as specified in its charter) Ohio 31-1210837 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

4131 Worth Avenue , Suite 500 , Columbus , Ohio 43219 (Address of principal executive offices) (Zip Code)

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 ☒ 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 ☒ No ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. Common shares, par value $.01 per common share: 25,031,231 shares outstanding as of October 21, 2026.

M/I HOMES, INC. FORM 10-Q TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1. M/I Homes, Inc. and Subsidiaries Unaudited Condensed Consolidated Financial Statements Unaudited Condensed Consolidated Balance Sheets at September 30, 2026 and December 31, 2025 3

Unaudited Condensed Consolidated Statements of Income for the Three and Nine Months Ended September 30, 2026 and 2025 4

Unaudited Condensed Consolidated Statements of Shareholders' Equity for the Three and Nine Months Ended September 30, 2026 and 2025 5

Unaudited Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2026 and 2025 6

Notes to Unaudited Condensed Consolidated Financial Statements 7

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23

Item 3. Quantitative and Qualitative Disclosures About Market Risk 41

PART II. OTHER INFORMATION Item 1. Legal Proceedings 43

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 43

Item 3. Defaults Upon Senior Securities 44

M/I HOMES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Dollars in thousands, except par values) September 30, 2026 December 31, 2025

ASSETS: Cash, cash equivalents and restricted cash $ 620,595 $ 689,189 Mortgage loans held for sale 232,575 309,100 Inventory 3,600,648 3,383,941 Property and equipment - net 34,884 34,342 Investment in joint venture arrangements 87,167 106,299 Operating lease right-of-use assets 49,793 54,976 Deferred income tax asset 4,508 4,508 Goodwill 16,400 16,400 Other assets 213,595 178,370 TOTAL ASSETS $ 4,860,165 $ 4,777,125 LIABILITIES AND SHAREHOLDERS' EQUITY LIABILITIES: Accounts payable $ 229,132 $ 181,189 Customer deposits 60,402 50,841 Operating lease liabilities 51,637 56,675 Other liabilities 301,188 308,535 Community development district obligations 16,416 10,209 Obligation for consolidated inventory not owned 21,141 30,330 Notes payable bank - financial services operations 230,424 276,856

Senior notes due 2028 - net 399,007 398,427 Senior notes due 2030 - net 298,251 297,873 TOTAL LIABILITIES $ 1,607,598 $ 1,610,935 Commitments and contingencies ( Note 6 ) - - SHAREHOLDERS' EQUITY: Common shares - $ 0.01 par value; authorized 58,000,000 shares at both September 30, 2026 and December 31, 2025; issued 30,137,141 shares at both September 30, 2026 and December 31, 2025 $ 301 $ 301 Additional paid-in capital 331,204 344,118 Retained earnings 3,481,467 3,268,014 Treasury shares - at cost - 5,105,910 and 4,374,432 shares at September 30, 2026 and December 31, 2025, respectively ( 560,405 ) ( 446,243 ) TOTAL SHAREHOLDERS' EQUITY $ 3,252,567 $ 3,166,190 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,860,165 $ 4,777,125

See Notes to Unaudited Condensed Consolidated Financial Statements. 3

M/I HOMES, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME

See Notes to Unaudited Condensed Consolidated Financial Statements. 4

M/I HOMES, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

Three Months Ended September 30, 2026 Common Shares Shares Outstanding Additional Paid-in Capital Retained Earnings Treasury Shares Total Shareholders' Equity (Dollars in thousands) Amount

Nine Months Ended September 30, 2026 Common Shares Shares Outstanding Additional Paid-in Capital Retained Earnings Treasury Shares Total Shareholders' Equity (Dollars in thousands) Amount Balance at December 31, 2025 25,762,709 $ 301 $ 344,118 $ 3,268,014 $ ( 446,243 ) $ 3,166,190 Net income - - - 213,453 - 213,453

Three Months Ended September 30, 2025 Common Shares Shares Outstanding Additional Paid-in Capital Retained Earnings Treasury Shares Total Shareholders' Equity (Dollars in thousands) Amount

Nine Months Ended September 30, 2025 Common Shares Shares Outstanding Additional Paid-in Capital Retained Earnings Treasury Shares Total Shareholders' Equity (Dollars in thousands) Amount Balance at December 31, 2024 27,063,023 $ 301 $ 348,705 $ 2,865,073 $ ( 274,402 ) $ 2,939,677 Net income - - - 338,970 - 338,970 Stock options exercised 160,200 - ( 6,940 ) - 15,252 8,312 Stock-based compensation expense - - 12,641 - - 12,641 Repurchase of common shares ( 1,237,000 ) - - - ( 150,378 ) ( 150,378 ) Deferral of executive and director compensation - - 227 - - 227 Executive and director deferred compensation distributions 162,286 - ( 14,821 ) - 14,821 - Balance at September 30, 2025 26,148,509 $ 301 $ 339,812 $ 3,204,043 $ ( 394,707 ) $ 3,149,449

See Notes to Unaudited Condensed Consolidated Financial Statements. 5

M/I HOMES, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Nine Months Ended September 30, (Dollars in thousands) 2026 2025 OPERATING ACTIVITIES: Net income $ 213,453 $ 338,970 Adjustments to reconcile net income to net cash provided by operating activities: Inventory charges 8,923 7,583

Mortgage loan originations ( 2,108,837 ) ( 2,121,412 ) Proceeds from the sale of mortgage loans 2,170,527 2,171,263 Fair value adjustment of mortgage loans held for sale 14,835 ( 5,896 ) Capitalization of originated mortgage servicing rights ( 4,898 ) ( 4,827 ) Amortization of mortgage servicing rights 644 768 Depreciation 13,171 11,525 Amortization of debt issue costs 2,547 2,504 Gain on sale of mortgage servicing rights ( 1,597 ) ( 1,718 ) Stock-based compensation expense 13,380 12,641 Excess tax benefits on equity compensation ( 3,101 ) ( 2,316 )

Change in assets and liabilities: Inventory ( 171,434 ) ( 314,542 ) Other assets ( 36,521 ) ( 12,011 ) Accounts payable 47,943 59,402 Customer deposits 9,561 ( 7,725 ) Accrued compensation ( 12,952 ) ( 17,291 ) Other liabilities 3,574 29,138 Net cash provided by operating activities 159,218 146,056 INVESTING ACTIVITIES: Purchase of property and equipment ( 9,160 ) ( 5,352 ) Return of capital from joint venture arrangements - 2,002 Investment in joint venture arrangements ( 40,990 ) ( 34,410 ) Proceeds from sale of mortgage servicing rights 9,382 7,062 Net cash used in investing activities ( 40,768 ) ( 30,698 ) FINANCING ACTIVITIES:

Net proceeds from (repayments of) bank borrowings - financial services operations ( 46,432 ) ( 54,180 )

Repurchase of common shares ( 150,208 ) ( 150,378 ) Debt issue costs - ( 6,508 ) Proceeds from exercise of stock options 9,596 8,312 Net cash used in financing activities ( 187,044 ) ( 202,754 ) Net decrease in cash, cash equivalents and restricted cash ( 68,594 ) ( 87,396 ) Cash, cash equivalents and restricted cash balance at beginning of period 689,189 821,570 Cash, cash equivalents and restricted cash balance at end of period $ 620,595 $ 734,174 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid during the period for: Interest - net of amount capitalized $ 8,397 $ 7,609 Income taxes $ 49,612 $ 103,809 NON-CASH TRANSACTIONS DURING THE PERIOD: Community development district infrastructure $ 6,207 $ ( 4,092 ) Consolidated inventory not owned $ ( 9,189 ) $ 6,313 Distribution of single-family lots from joint venture arrangements $ 60,372 $ 16,223

See Notes to Unaudited Condensed Consolidated Financial Statements. 6

M/I HOMES, INC. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during that period. Actual results could differ from these estimates and have a significant impact on the financial condition and results of operations and cash flows. With regard to the Company, estimates and assumptions are inherent in calculations relating to valuation of inventory and investment in unconsolidated joint ventures, property and equipment depreciation, valuation of derivative financial instruments, accounts payable on inventory, accruals for costs to complete inventory, accruals for warranty claims, accruals for self-insured general liability claims, litigation, accruals for health care and workers' compensation, accruals for guaranteed or indemnified loans, stock-based compensation expense, income taxes, and contingencies. Items that could have a significant impact on these estimates and assumptions include the risks and uncertainties listed in "Item 1A. Risk Factors" in Part I of our 2025 Form 10-K, as the same may be updated from time to time in our subsequent filings with the SEC.

In November 2024, the Financial Accounting Standards Board issued Accounting Standards Update No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Topic 220): Disaggregation of Income Statement Expenses ("ASU 2024-03"). ASU 2024-03 requires disclosure of certain costs and expenses on an interim and annual basis in the notes to the financial statements. ASU 2024-03 will be effective for the annual reporting periods in fiscal years beginning after December 15, 2026 and interim periods beginning after December 15, 2027. The Company is currently evaluating the impact the adoption of ASU 2024-03 may have on our consolidated financial statements and disclosures.

There have been no significant changes to our significant accounting policies during the quarter ended September 30, 2026 as compared to those disclosed in our 2025 Form 10-K.

NOTE 2. Inventory and Capitalized Interest Inventory Inventory is recorded at cost, unless events and circumstances indicate that the carrying value of the inventory is impaired, at which point the inventory is written down to fair value (see Note 4 to our financial statements for additional details relating to our procedures for evaluating our inventories for impairment). Inventory includes the costs of land acquisition, land development and home construction, capitalized interest, real estate taxes, direct overhead costs incurred during development and home construction, and common costs that benefit the entire community, less impairments, if any. A summary of the Company's inventory as of September 30, 2026 and December 31, 2025 is as follows: (In thousands) September 30, 2026 December 31, 2025 Single-family lots, land and land development costs $ 1,846,926 $ 1,881,158 Land held for sale 37,867 13,599 Homes under construction 1,488,266 1,282,608 Model homes and furnishings - at cost (less accumulated depreciation: September 30, 2026 - $ 16,462 ; December 31, 2025 - $ 14,073 ) 111,587 91,492 Community development district infrastructure 16,416 10,209 Land purchase deposits 78,445 74,545 Consolidated inventory not owned 21,141 30,330 Total inventory $ 3,600,648 $ 3,383,941

Single-family lots, land and land development costs include raw land that the Company has purchased to develop into lots, costs incurred to develop the raw land into lots, and lots for which development has been completed, but which have not yet been used to start construction of a home. Homes under construction include homes that are in various stages of construction. As of September 30, 2026 and December 31, 2025, we had 3,242 homes (with a carrying value of $ 763.0 million) and 2,779 homes (with a carrying value of $ 680.6 million), respectively, included in homes under construction that were not subject to a sales contract. Homes under construction may fluctuate from period to period due to the Company's inventory home management strategies and changes in market conditions. Model homes and furnishings include homes that are under construction or have been completed and are being used as sales models. The amount also includes the net book value of furnishings included in our model homes. Depreciation on model home furnishings is recorded using an accelerated method over the estimated useful life of the assets, which is typically three years. We own lots in certain communities in Florida that have Community Development Districts ("CDDs"). The Company records a liability for the estimated developer obligations that are probable and estimable and user fees that are required to be paid or transferred at the time the parcel or unit is sold to an end user. The Company reduces this liability at the time of closing and the transfer of the property. The Company recorded a $ 16.4 million liability and a $ 10.2 million liability related to these CDD bond obligations as of September 30, 2026 and December 31, 2025, respectively, along with the related inventory infrastructure.