KB Home Q1 Revenue and Net Income Decline

TL;DR

KB Home's Q1 revenue down to $1.06B, net income $101.1M. Backlog $2.29B.

AI Summary

KB Home reported its first quarter results for the period ending February 28, 2025. The company's total revenue for the quarter was $1.06 billion, a decrease from $1.13 billion in the same period last year. Net income also saw a decline to $101.1 million, down from $119.1 million year-over-year. The company's backlog value at the end of the quarter was $2.29 billion.

Why It Matters

This filing indicates a slowdown in KB Home's business, which could signal broader trends in the housing market and impact investor confidence.

Risk Assessment

Risk Level: medium — The decline in revenue and net income suggests potential headwinds in the housing market, which could impact future performance.

Key Numbers

• $1.06B — Q1 2025 Revenue (Down from $1.13B in Q1 2024)
• $101.1M — Q1 2025 Net Income (Down from $119.1M in Q1 2024)
• $2.29B — Backlog Value (As of February 28, 2025)

Key Players & Entities

• KB Home (company) — Filer of the 10-Q
• 20250228 (date) — End of reporting period
• $1.06 billion (dollar_amount) — Q1 2025 revenue
• $1.13 billion (dollar_amount) — Q1 2024 revenue
• $101.1 million (dollar_amount) — Q1 2025 net income
• $119.1 million (dollar_amount) — Q1 2024 net income
• $2.29 billion (dollar_amount) — End of quarter backlog value

FAQ

From the Filing

0000795266-25-000043.txt : 20250409 0000795266-25-000043.hdr.sgml : 20250409 20250409161927 ACCESSION NUMBER: 0000795266-25-000043 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 89 CONFORMED PERIOD OF REPORT: 20250228 FILED AS OF DATE: 20250409 DATE AS OF CHANGE: 20250409 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: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-09195 FILM NUMBER: 25825450 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 10-Q 1 kbh-20250228.htm 10-Q kbh-20250228 0000795266 false 11/30 2025 Q1 http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrentAndNoncurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrentAndNoncurrent 0.3 0.8 P2Y xbrli:shares iso4217:USD iso4217:USD xbrli:shares kbh:segment xbrli:pure kbh:community kbh:joint_venture kbh:loanExtensionOption kbh:home kbh:claim 0000795266 2024-12-01 2025-02-28 0000795266 2025-02-28 0000795266 2023-12-01 2024-02-29 0000795266 us-gaap:HomeBuildingMember 2024-12-01 2025-02-28 0000795266 us-gaap:HomeBuildingMember 2023-12-01 2024-02-29 0000795266 us-gaap:FinancialServiceMember 2024-12-01 2025-02-28 0000795266 us-gaap:FinancialServiceMember 2023-12-01 2024-02-29 0000795266 us-gaap:HomeBuildingMember 2025-02-28 0000795266 us-gaap:HomeBuildingMember 2024-11-30 0000795266 us-gaap:FinancialServiceMember 2025-02-28 0000795266 us-gaap:FinancialServiceMember 2024-11-30 0000795266 2024-11-30 0000795266 us-gaap:CommonStockMember 2024-11-30 0000795266 us-gaap:TrustForBenefitOfEmployeesMember 2024-11-30 0000795266 us-gaap:TreasuryStockCommonMember 2024-11-30 0000795266 us-gaap:AdditionalPaidInCapitalMember 2024-11-30 0000795266 us-gaap:RetainedEarningsMember 2024-11-30 0000795266 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-11-30 0000795266 us-gaap:RetainedEarningsMember 2024-12-01 2025-02-28 0000795266 us-gaap:CommonStockMember 2024-12-01 2025-02-28 0000795266 us-gaap:AdditionalPaidInCapitalMember 2024-12-01 2025-02-28 0000795266 us-gaap:TreasuryStockCommonMember 2024-12-01 2025-02-28 0000795266 us-gaap:CommonStockMember 2025-02-28 0000795266 us-gaap:TrustForBenefitOfEmployeesMember 2025-02-28 0000795266 us-gaap:TreasuryStockCommonMember 2025-02-28 0000795266 us-gaap:AdditionalPaidInCapitalMember 2025-02-28 0000795266 us-gaap:RetainedEarningsMember 2025-02-28 0000795266 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-02-28 0000795266 us-gaap:CommonStockMember 2023-11-30 0000795266 us-gaap:TrustForBenefitOfEmployeesMember 2023-11-30 0000795266 us-gaap:TreasuryStockCommonMember 2023-11-30 0000795266 us-gaap:AdditionalPaidInCapitalMember 2023-11-30 0000795266 us-gaap:RetainedEarningsMember 2023-11-30 0000795266 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-11-30 0000795266 2023-11-30 0000795266 us-gaap:RetainedEarningsMember 2023-12-01 2024-02-29 0000795266 us-gaap:CommonStockMember 2023-12-01 2024-02-29 0000795266 us-gaap:AdditionalPaidInCapitalMember 2023-12-01 2024-02-29 0000795266 us-gaap:TreasuryStockCommonMember 2023-12-01 2024-02-29 0000795266 us-gaap:CommonStockMember 2024-02-29 0000795266 us-gaap:TrustForBenefitOfEmployeesMember 2024-02-29 0000795266 us-gaap:TreasuryStockCommonMember 2024-02-29 0000795266 us-gaap:AdditionalPaidInCapitalMember 2024-02-29 0000795266 us-gaap:RetainedEarningsMember 2024-02-29 0000795266 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-02-29 0000795266 2024-02-29 0000795266 kbh:KBHSLLCMember kbh:GRAllianceLLCMember 2025-02-28 0000795266 kbh:KBHSL