Every 10-Q that Toll Brothers, Inc. (TOL) 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 TOL 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 TOL filings page.
Toll Brothers, Inc. (TOL) reported lower earnings for the quarter and nine months ended July 31, 2026 despite solid demand. Quarterly revenues were $2.66 billion, down 10%, and net income was $280.1 million, down 24% from a year earlier. Home sales gross margin declined to 23.9% from 25.6%, and SG&A rose to 10.0% of home sales revenue, pressuring profitability.
For the nine-month period, revenues were $7.34 billion (down 3%) and net income $751.7 million (down 16%), with home deliveries down 10% in units but up in average delivered price. The company recorded $61.8 million of inventory-related charges and $97.4 million of other-than-temporary impairments on rental property joint ventures, partially offset by $72.1 million of gains from JV interest sales and a gain on sale of Apartment Living assets.
Demand indicators remained firm: net contracts signed rose 4–5% in both value and units, and backlog at July 31, 2026 was $6.24 billion (5,312 homes), only modestly below prior-year levels while average backlog price increased. Toll Brothers ended the period with $1.06 billion in cash, $11.65 billion of inventory, expanded its revolver capacity to $2.38 billion, repurchased 2.96 million shares, and raised its quarterly dividend to $0.26 per share.
Toll Brothers, Inc. reported lower profitability for the quarter ended April 30, 2026 while maintaining a solid balance sheet and backlog. Quarterly revenue was $2.53 billion, down from $2.74 billion a year earlier, and net income declined to $260.6 million from $352.4 million as homebuilding margins softened and income from unconsolidated ventures turned to a loss, driven in part by $13.5 million of rental joint-venture impairments.
For the first six months, revenue edged up to $4.68 billion but net income fell to $471.5 million from $530.2 million, reflecting higher land and impairment charges. The company substantially completed a $330 million sale of about half of its Apartment Living portfolio and related platform, recognized gains on joint-venture sales, and in May 2026 acquired Buffington Homes of Arkansas, adding roughly 1,500 home sites. Toll Brothers ended the period with $1.11 billion of cash, no borrowings on its $2.38 billion revolver, 5,394 homes in backlog valued at $6.32 billion, and continued share repurchases and a higher quarterly dividend of $0.26 per share.
Toll Brothers, Inc. reported quarterly revenue of $2.15 billion and net income of $210.9 million, up from $1.86 billion and $177.7 million a year earlier. Basic earnings per share rose to $2.20 from $1.76, driven by higher land and other revenues and improved results from joint ventures and ancillary businesses.
Home sales revenue was $1.85 billion on 1,899 deliveries, with the average delivered price increasing 6% to about $977,000. Backlog stood at $6.02 billion and 5,051 homes, down in units but with an 8% higher average contracted price.
The company substantially completed the sale of about half of its Apartment Living portfolio and platform to Kennedy Wilson for roughly $330 million of net cash proceeds, generating significant land and other revenues but also recognizing $44.3 million of impairments on two retained rental joint ventures. Liquidity remained strong with $1.20 billion of cash and about $2.20 billion available under its revolving credit facility, which, along with the term loan, had maturities extended to 2030–2031.
Toll Brothers reported mixed quarterly results through July 31, 2025. Home sales revenue growth was driven by a 5% increase in homes delivered in the three-month period and a 6% increase for the nine-month period, though average home prices fell 4% for the nine months. Backlog declined 10% to $6.38 billion representing 5,492 homes. Income before income taxes for the nine months was $1.20 billion versus $1.46 billion a year earlier. Cash, cash equivalents and restricted cash totaled $938.3 million at July 31, 2025. The company issued $500.0 million of 5.600% senior notes due 2035 and repurchased $404.3 million of common stock during the nine months. Contract liabilities (customer deposits) were $483.9 million. Investments related to consolidated VIEs totaled $130.9 million.