Toll Brothers, Inc.
For the period ended Jan 31, 2026. Filed Feb 27, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2026 · Filed Feb 27, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| January 31, 2026 | October 31, 2025 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Cash and cash equivalents | $1,202,828 | $1,258,997 |
| Inventory | 11,203,529 | 10,678,460 |
| Property, construction, and office equipment – net | 276,669 | 273,397 |
| Receivables, prepaid expenses, and other assets | 541,205 | 554,720 |
| Real estate and related assets held for sale | — | 420,969 |
| Mortgage loans held for sale – at fair value | 130,326 | 200,816 |
| Customer deposits held in escrow | 120,988 | 106,612 |
| Investments in unconsolidated entities (1) | 956,493 | 1,025,895 |
| $14,432,038 | $14,519,866 | |
| LIABILITIES AND EQUITY | ||
| Liabilities | ||
| Loans payable | $858,347 | $896,388 |
| Senior notes | 1,741,842 | 1,741,525 |
| Mortgage company loan facility | 121,130 | 150,000 |
| Customer deposits | 456,100 | 418,897 |
| Accounts payable | 536,129 | 615,771 |
| Accrued expenses | 2,145,093 | 2,061,919 |
| Liabilities related to assets held for sale | — | 172,186 |
| Income taxes payable | 153,473 | 177,116 |
| Total liabilities | 6,012,114 | 6,233,802 |
| Equity | ||
| Stockholders’ equity | ||
| Preferred stock, none issued | — | — |
| Common stock, 102,937 shares issued at January 31, 2026 and October 31, 2025 | 1,029 | 1,029 |
| Additional paid-in capital ("APIC") | 653,399 | 687,123 |
| Retained earnings | 8,761,441 | 8,574,807 |
| Treasury stock, at cost —8,170 and 8,140 shares at January 31, 2026 and October 31, 2025, respectively | (1,027,633) | (1,014,568) |
| Accumulated other comprehensive income ("AOCI") | 20,856 | 22,272 |
| Total stockholders’ equity | 8,409,092 | 8,270,663 |
| Noncontrolling interest | 10,832 | 15,401 |
| Total equity | 8,419,924 | 8,286,064 |
| $14,432,038 | $14,519,866 | |
(1)As of January 31, 2026 and October 31, 2025, Investments in unconsolidated entities include$76.5 million and$77.0 million, respectively, of assets related to consolidated variable interest entities (“VIEs”). See Note 3, “Investments in Unconsolidated Entities” for additional information regarding VIEs.
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