KB HOME (KBH) Form 10-Q — Jul 9, 2026
KB Home reported a steep decline in fiscal second-quarter results, with total revenues for the three months ended May 31, 2026, falling 27% to $1.11 billion and net income dropping 75% to $27.3 million compared to the prior year. The company attributed the downturn to persistent affordability pressures and elevated mortgage rates, which resulted in a 23% decrease in home deliveries and a 410 basis point contraction in the housing gross profit margin to 15.2%. Operational metrics showed net orders decreased 4% year-over-year to 3,317 homes in the quarter, while the value of the ending backlog declined 7% to approximately $2.14 billion.
Key figures
- Revenue
- 2189446000
- Net Income
- 60773000
- Total Debt
- 1968714000
- Revenue Yoy
- -25%
- Cash Position
- 200760000
- Net Orders Q2
- 3317
- Backlog Value
- 2138334000
- Gross Margin6 Mo
- 15.3%
- Repurchase Cost6 Mo
- 125000000
- Shares Repurchased6 Mo
- 2216336
Price after filing
Close on the filing date to close N calendar days later (from $56.71). Historical, not a forecast.
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