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For the period ended Nov 30, 2025. Filed Jan 23, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Jan 23, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Financial Statements and Supplementary Data

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

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INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

PageNumber
Consolidated Statements of Operations for the Years Ended November 30, 2025, 2024 and 202358
Consolidated Statements of Comprehensive Income for the Years Ended November 30, 2025, 2024 and 202359
Consolidated Balance Sheets as of November 30, 2025 and 202460
Consolidated Statements of Stockholders’ Equity for the Years Ended November 30, 2025, 2024 and 202361
Consolidated Statements of Cash Flows for the Years Ended November 30, 2025, 2024 and 202362
Notes to Consolidated Financial Statements63
Report of Independent Registered Public Accounting Firm (Ernst & Young LLP, Los Angeles, CA, PCAOB ID: 42)95

Separate combined financial statements of our unconsolidated joint venture activities have been omitted because, if

considered in the aggregate, they would not constitute a significant subsidiary as defined by Rule 3-09 of Regulation S-X.

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