KB HOME

For the period ended May 31, 2025. Filed Jul 10, 2025.

About this filing

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.

May 31, 2025 · Filed Jul 10, 2025

KBH$52.01+2.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

KB HOME

CONSOLIDATED STATEMENTS OF OPERATIONS

(In Thousands, Except Per Share Amounts – Unaudited)

	Three Months Ended May 31,		Six Months Ended May 31,
	2025	2024	2025	2024
Total revenues	$1,529,585	$1,709,813	$2,921,362	$3,177,579
Homebuilding:
Revenues	$1,524,716	$1,701,512	$2,911,757	$3,163,210
Construction and land costs	(1,230,055)	(1,342,102)	(2,337,469)	(2,488,630)
Selling, general and administrative expenses	(163,198)	(171,227)	(315,486)	(328,721)
Operating income	131,463	188,183	258,802	345,859
Interest income and other	1,679	19,449	3,758	25,306
Equity in income (loss) of unconsolidated joint ventures	1,080	224	3,493	(221)
Homebuilding pretax income	134,222	207,856	266,053	370,944
Financial services:
Revenues	4,869	8,301	9,605	14,369
Expenses	(1,570)	(1,473)	(3,109)	(3,019)
Equity in income of unconsolidated joint venture	4,862	6,435	9,191	13,490
Financial services pretax income	8,161	13,263	15,687	24,840
Total pretax income	142,383	221,119	281,740	395,784
Income tax expense	(34,500)	(52,700)	(64,300)	(88,700)
Net income	$107,883	$168,419	$217,440	$307,084
Earnings per share:
Basic	$1.53	$2.21	$3.05	$4.02
Diluted	$1.50	$2.15	$3.00	$3.91
Weighted average shares outstanding:
Basic	69,976	75,653	70,745	75,773
Diluted	71,226	77,806	72,108	78,034

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.