Every 10-Q that KB Home (KBH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KBH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KBH filings page.
KB Home reported much weaker results for the quarter and six months ended May 31, 2026 as higher rates and affordability pressures slowed demand. Quarterly revenues fell to $1.11 billion from $1.53 billion, a 27% drop, while net income declined to $27.3 million from $107.9 million. Diluted earnings per share decreased to $0.43 from $1.50. For the first half, revenues were $2.19 billion, down 25%, with net income of $60.8 million versus $217.4 million, and diluted EPS of $0.96 versus $3.00.
Homebuilding pretax income dropped 77% in the quarter, reflecting lower volumes and housing gross margin compression to 15.2% from 19.3%. The company still generated 3,317 net orders, only 4% below last year, with an average selling price of about $466,800 and a higher average community count of 278. KB Home ended the period with $200.8 million in cash, $5.73 billion of inventories, and $1.97 billion of notes payable, including $275 million drawn on its revolving credit facility. It repurchased about 2.22 million shares for $125 million, leaving $775 million under its authorization, and began incurring costs tied to relocating its corporate headquarters, with $1.5 million recognized so far against an expected total of $8–12 million.
KB Home reported weaker results for the quarter ended February 28, 2026. Total revenues fell to $1,077,011k, down 23% from a year earlier, as homebuilding revenues declined and homes delivered dropped to 2,370 with a lower average selling price of $452,100.
Homebuilding pretax income decreased 74% to $34,789k, and total pretax income fell 71% to $40,324k. Net income declined to $33,424k, a 69% drop, with diluted earnings per share down 65% to $0.52. Housing gross profit margin compressed to 15.3%, reflecting price reductions, higher relative land costs, and less operating leverage.
The company still invested $567.2M in land and land development and repurchased 843,339 shares for $50.0M. Liquidity totaled about $1.20B, including $201,798k of cash and $998.4M of capacity under its revolving credit facility, with $200.0M drawn.
KB Home (KBH) reported lower earnings in Q3 2025, with net income decreasing to $109.8 million compared to $157.3 million in Q3 2024. The company's total revenues declined as home deliveries fell 9% year-over-year, though this was partially offset by a slight increase in average selling prices.
The company's homebuilding operating income decreased 31% year-over-year to 8.1% of revenues, down from 10.8% in Q3 2024. This decline was primarily due to a lower housing gross profit margin of 18.2%, representing a 240 basis point decrease from the prior year. The company recorded $11.3 million in inventory-related charges during the quarter, compared to $1.2 million in Q3 2024.
Despite market challenges, KB Home maintained strong liquidity of $1.16 billion, including $330.6 million in cash and $831.7 million available under its credit facility. The company strategically reduced its land investments by 39% year-over-year to $514.1 million in Q3 2025, while increasing share repurchases to $188.5 million. The company's backlog value stood at $1.99 billion at quarter end, down 32% from the prior year.