KB Home Q2 revenue falls 11% to $1.53 billion; net income down 36%
KB Home reported second-quarter revenues of $1.53 billion, down from $1.71 billion a year earlier, as homes delivered fell 11% to 3,120. Net income fell 36% to $107.9 million and diluted earnings per share fell 30% to $1.50, and the company repurchased $200.0 million of its common stock during the quarter. The filing also sets 2025 full-year guidance, including housing revenues of $6.30 billion to $6.50 billion.
Key points
- Revenues totaled $1.53 billion for the three months ended May 31, 2025, compared with $1.71 billion; homes delivered fell 11% to 3,120.
- Net income decreased 36% to $107.9 million; diluted EPS declined 30% to $1.50 from $2.15.
- Homebuilding operating income margin was 8.6%, compared with 11.1%, due to a lower housing gross profit margin and higher SG&A expenses.
- The company repurchased $200.0 million of common stock in the quarter and had $450.0 million remaining under its current authorization; full-year 2025 housing revenue guidance is $6.30 billion to $6.50 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 23, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.