KB Home Reports Q1 2025 Net Loss Amid Revenue Decline

Ticker: KBH · Form: 8-K · Filed: 2025-03-24T00:00:00.000Z

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

Key Players & Entities

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.

From the Filing

0000795266-25-000035.txt : 20250324 0000795266-25-000035.hdr.sgml : 20250324 20250324161906 ACCESSION NUMBER: 0000795266-25-000035 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20250324 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250324 DATE AS OF CHANGE: 20250324 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KB HOME CENTRAL INDEX KEY: 0000795266 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 953666267 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09195 FILM NUMBER: 25764387 BUSINESS ADDRESS: STREET 1: 10990 WILSHIRE BLVD CITY: LOS ANGELES STATE: CA ZIP: 90024 BUSINESS PHONE: 3102314000 MAIL ADDRESS: STREET 1: 10990 WILSHIRE BLVD CITY: LOS ANGELES STATE: CA ZIP: 90024 FORMER COMPANY: FORMER CONFORMED NAME: KAUFMAN & BROAD HOME CORP DATE OF NAME CHANGE: 19920703 8-K 1 kbh-20250324.htm 8-K kbh-20250324 0000795266 false 0000795266 2025-03-24 2025-03-24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K   CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report: March 24, 2025 (Date of earliest event reported )   KB HOME (Exact name of registrant as specified in its charter) Delaware 1-9195 95-3666267 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 10990 Wilshire Boulevard Los Angeles , California 90024 (Address of principal executive offices) (Zip Code)   Registrant’s telephone number, including area code: ( 310 )  231-4000 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock (par value $1.00 per share) KBH New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 2.02 Results of Operations and Financial Condition. On March 24, 2025 , KB Home issued a press release announcing its results of operations for the three months ended February 28, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein. The information in this report, including Exhibit 99.1 attached hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be incorporated by

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