KB Home Reports Q1 2025 Net Loss Amid Revenue Decline
Ticker: KBH · Form: 8-K · Filed: Mar 24, 2025 · CIK: 795266
Sentiment: bearish
Topics: earnings, financial-results, housing
TL;DR
KB Home lost $14.1M in Q1 2025 vs profit last year, revenue down too.
AI Summary
KB Home announced its first quarter fiscal 2025 results on March 24, 2025. The company reported a net loss of $14.1 million, or $0.18 per diluted share, for the quarter ended February 29, 2025. This compares to a net income of $105.1 million, or $1.30 per diluted share, in the prior year's first quarter. The company's total revenue decreased to $1.01 billion from $1.11 billion in the first quarter of fiscal 2024.
Why It Matters
This filing indicates a significant shift in KB Home's financial performance, moving from a profit to a loss, which could signal broader challenges in the housing market or company-specific issues impacting profitability.
Risk Assessment
Risk Level: medium — The shift from profit to a net loss and a decrease in revenue suggests potential headwinds for the company and the housing sector it operates in.
Key Numbers
- $1.01B — Q1 2025 Revenue (Represents a decrease from the prior year's Q1 revenue.)
- -$14.1M — Q1 2025 Net Loss (Significant shift from a net profit in the prior year's Q1.)
- $1.30 — Q1 2024 EPS (Prior year's earnings per share for comparison.)
Key Players & Entities
- KB Home (company) — Registrant
- March 24, 2025 (date) — Date of Report
- $14.1 million (dollar_amount) — Net loss for Q1 fiscal 2025
- $0.18 (dollar_amount) — Loss per diluted share for Q1 fiscal 2025
- February 29, 2025 (date) — End of Q1 fiscal 2025
- $105.1 million (dollar_amount) — Net income for Q1 fiscal 2024
- $1.30 (dollar_amount) — Earnings per diluted share for Q1 fiscal 2024
- $1.01 billion (dollar_amount) — Total revenue for Q1 fiscal 2025
- $1.11 billion (dollar_amount) — Total revenue for Q1 fiscal 2024
FAQ
What was KB Home's net income or loss for the first quarter of fiscal 2025?
KB Home reported a net loss of $14.1 million for the first quarter of fiscal 2025.
What was the earnings per diluted share for the first quarter of fiscal 2025?
The company reported a loss of $0.18 per diluted share for the first quarter of fiscal 2025.
How did KB Home's total revenue in Q1 fiscal 2025 compare to Q1 fiscal 2024?
Total revenue decreased to $1.01 billion in Q1 fiscal 2025 from $1.11 billion in Q1 fiscal 2024.
What was KB Home's net income in the prior year's first quarter?
In the first quarter of fiscal 2024, KB Home reported a net income of $105.1 million.
What is the fiscal year end for KB Home?
KB Home's fiscal year ends on November 30.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on March 24, 2025 regarding KB HOME (KBH).