Alan Ratner

Matthew Bouley

Michael Rehaut

Stephen Kim

John Lovallo

Susan Maklari

Jade Rahmani

Michael Dahl

Rafe Jadrosich

Sam Reid

Trevor Allinson

James McCanless

Matt Johnson

Stephen Mea

- KB Home reported **total revenues of $1.62 billion**, **net income of $109.8 million**, and **diluted earnings per share of $1.61** for Q3 2025.  **[795266_2156194:12]** **[795266_2156194:13]** 
- Housing revenues for the quarter decreased **8% to $1.61 billion**, with deliveries down **7% to 3,393 homes** and the average selling price decreasing **1% to $475,700** compared to Q3 2024.  **[795266_2156194:13]** 
- Net orders for Q3 2025 were **2,950**, a **4% decrease** year-over-year, and the backlog value declined **32% to $1.99 billion**.  **[795266_2156194:13]** 
- During the quarter, the company repurchased approximately **3.3 million shares** of its common stock for **$188.5 million**, contributing to an **11% increase in book value per share to $60.25**.  **[795266_2156194:13]** 
- As of Q3 2025, KB Home maintained **total liquidity of $1.16 billion** and a debt-to-capital ratio of **33.2%**.  **[795266_2156194:13]** **[795266_2156194:16]**

KB Home Announces Q3 2025 Results

- KB Home reported **Q3 2025 housing revenues of $1.61 billion**, an 8% decrease from the prior year, and **net income of $110 million**, resulting in **$1.61 per diluted share**.  **[795266_2156275_6]** **[795266_2156275_7]** 
- The company provided Q4 2025 housing revenue guidance of **$1.6 billion to $1.7 billion** and full-year 2025 housing revenue guidance of **$6.1 billion to $6.2 billion**.  **[795266_2156275_7]** 
- KB Home is strategically shifting its sales approach to emphasize **built-to-order homes**, aiming to return to its historical average of close to 70% from around 50% currently, which is expected to generate a **gross margin 250 to 500 basis points higher** than inventory homes.  **[795266_2156275_2]** 
- In Q3 2025, the company repurchased **3.3 million shares** at an average price of **$57.12** for **$188 million**, contributing to **over $490 million** in capital returned to shareholders in the first nine months of fiscal 2025.  **[795266_2156275_7]** **[795266_2156275_5]** 
- Build times improved by **10 days sequentially to 130 calendar days** in Q3, and the company canceled contracts for approximately **6,800 lots** that no longer met underwriting criteria, noting a more constructive land market with softening prices.  **[795266_2156275_4]** **[795266_2156275_5]** **[795266_2156275_16]**

KB Home Reports Q3 2025 Results and Updates Full-Year Guidance

- KB Home reported **revenues of $1.62 billion** and **diluted earnings per share of $1.61** for the third quarter ended August 31, 2025.  **[795266_0000795266-25-000092_exh991kbh-earningsrelease0.htm:0]** 
- The company repurchased **$188.5 million** of common stock in Q3 2025, contributing to over **$490 million** in share repurchases during the first nine months of fiscal year 2025.  **[795266_0000795266-25-000092_exh991kbh-earningsrelease0.htm:0]** **[795266_0000795266-25-000092_exh991kbh-earningsrelease0.htm:1]** 
- For the full fiscal year 2025, KB Home anticipates housing revenues between **$6.10 billion and $6.20 billion**, with an average selling price of approximately **$483,000**.  **[795266_0000795266-25-000092_exh991kbh-earningsrelease0.htm:1]** 
- In Q3 2025, the company delivered **3,393 homes** and recorded **2,950 net orders**, with the ending backlog value totaling **$1.99 billion**.  **[795266_0000795266-25-000092_exh991kbh-earningsrelease0.htm:0]** **[795266_0000795266-25-000092_exh991kbh-earningsrelease0.htm:1]**

KB Home Reports Q3 2025 Results and Provides Full-Year Guidance

KB HOME (KBH)