KB HOME
Business
KB Home is one of the largest U.S. homebuilders, constructing attached and detached single-family homes, townhomes and condominiums primarily for first-time, first move-up, second move-up and active adult homebuyers across nine states and 49 major markets. The company operates through its Built to Order customization process, design studios and a network of sales offices, supported by financial services including mortgage banking and title services through joint ventures and subsidiaries. KB Home organizes its homebuilding operations into four reportable segments by geography, with homebuilding accounting for the vast majority of revenues.
Summary from 10-K filed 2026-01-23
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2022 2022-11-30 | FY 2021 2021-11-30 |
|---|---|---|---|---|---|---|
| Revenues | 6,236 | 6,930 | 6,411 | 6,904 | 5,725 | |
| Equity in income (loss) of unconsolidated joint ventures | 23 | 33 | 15 | 20 | 23 | |
| Loss on early extinguishment of debt | −954,000 | 0 | 0 | −4 | −5 | |
| Total pretax income | 554 | 851 | 771 | 1,072 | 695 | |
| Income tax expense | −125 | −196 | −181 | −255 | −131 | |
| Net income | 429 | 655 | 590 | 817 | 565 | |
| Basic (in dollars per share) | 6.28 | 8.7 | 7.25 | 9.35 | 6.22 | |
| Diluted (in dollars per share) | 6.15 | 8.45 | 7.03 | 9.09 | 6.01 | |
| Basic (in shares) | 68 | 75 | 81 | 87 | 90 | |
| Diluted (in shares) | 69 | 77 | 83 | 89 | 94 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2022 2022-11-30 | FY 2021 2021-11-30 |
|---|---|---|---|---|---|---|
| Inventories | 5,671 | 5,528 | 5,134 | 5,543 | 4,803 | |
| Property and equipment, net | 101 | 90 | 88 | 89 | 76 | |
| Total assets | 6,680 | 6,936 | 6,648 | 6,652 | 5,836 | |
| Accrued expenses and other liabilities | 732 | 796 | 758 | 737 | 757 | |
| Notes payable | 1,693 | 1,692 | 1,690 | 1,839 | 1,685 | |
| Preferred stock $1.00 par value; 10,000,000 shares authorized; none issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock $1.00 par value; 290,000,000 shares authorized at November 30, 2025 and 2024; 74,477,254 and 74,409,977 shares issued at November 30, 2025 and 2024, respectively | 74 | 74 | 101 | 101 | 101 | |
| Paid-in capital | 864 | 862 | 846 | 836 | 849 | |
| Retained earnings | 3,630 | 3,269 | 3,677 | 3,144 | 2,379 | |
| Accumulated other comprehensive loss | −4 | −4 | −4 | −6 | −19 | |
| Treasury stock, at cost 11,303,643 and 2,253,156 shares at November 30, 2025 and 2024, respectively | −663 | −142 | −737 | −341 | −217 | |
| Total stockholders equity | 3,901 | 4,061 | 3,810 | 3,661 | 3,019 | |
| Total liabilities and stockholders equity | 6,680 | 6,936 | 6,648 | 6,652 | 5,836 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2022 2022-11-30 | FY 2021 2021-11-30 |
|---|---|---|---|---|---|---|
| Distributions of earnings from unconsolidated joint ventures | 33 | 27 | 23 | 11 | 19 | |
| Amortization of debt issuance costs | 4 | 3 | 3 | 2 | 3 | |
| Depreciation and amortization | 37 | 37 | 36 | 32 | 29 | |
| Deferred income taxes | 14 | 17 | 41 | 17 | 54 | |
| Gain on sale of investment | 0 | −13 | 0 | 0 | — | |
| Stock-based compensation | 46 | 34 | 35 | 29 | 29 | |
| Inventory impairments and land option contract abandonments | 32 | 5 | 11 | 37 | 12 | |
| Receivables | 5 | 17 | −13 | −20 | −32 | |
| Inventories | −179 | −386 | 427 | −786 | −898 | |
| Accounts payable, accrued expenses and other liabilities | −75 | −7 | −62 | 53 | 182 | |
| Other, net | 12 | 6 | 5 | 6 | 20 | |
| Net cash provided by operating activities | 336 | 363 | 1,083 | 183 | −37 | |
| Contributions to unconsolidated joint ventures | −16 | −15 | −28 | −28 | −12 | |
| Return of investments in unconsolidated joint ventures | 3 | 2 | 5 | 2 | 13 | |
| Proceeds from sale of investment | 0 | 2 | 0 | 0 | — | |
| Purchases of property and equipment, net | −48 | −39 | −35 | −45 | −39 | |
| Net cash used in investing activities | −62 | −50 | −58 | −72 | −38 | |
| Borrowings under revolving credit facility | 740 | 0 | 170 | 1,685 | 340 | |
| Repayments under revolving credit facility | −740 | 0 | −320 | −1,535 | −340 | |
| Payment of issuance costs | −10 | 0 | 0 | −11 | −5 | |
| Payments on mortgages and land contracts due to land sellers and other loans | −73,000 | −917,000 | −4 | −567,000 | −2 | |
| Issuance of common stock under employee stock plans | 1 | 10 | 9 | 0 | 12 | |
| Stock repurchases and excise taxes paid | −541 | −354 | −411 | −150 | −188 | |
| Tax payments associated with stock-based compensation awards | −24 | −25 | −14 | −16 | −12 | |
| Payments of cash dividends | −69 | −72 | −57 | −52 | −54 | |
| Net cash used in financing activities | −643 | −441 | −627 | −74 | −315 | |
| Net increase (decrease) in cash and cash equivalents | −369 | −128 | 397 | 38 | −390 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is KB HOME's CIK number?
KB HOME's SEC CIK number is 0000795266 (795266). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find KB HOME's SEC filings?
All of KB HOME's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did KB HOME last report earnings?
KB HOME (KBH) most recently filed an earnings 8-K with the SEC on Jun 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000795266-26-000060). This is KB HOME's most recent earnings filing of record — not a forecast of its next earnings date.
What is KB HOME's most recent earnings 8-K?
KB HOME's latest earnings 8-K (Item 2.02) was filed Jun 23, 2026 under accession 0000795266-26-000060. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View KB HOME's latest earnings 8-K →
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