Every material Form 8-K KB Home filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
KB Home reported fourth-quarter fiscal 2025 revenue of $1.69 billion, down from $2.00 billion a year earlier, and diluted earnings per share of $1.55, down from $2.52. For the full year, revenue was $6.24 billion and diluted EPS was $6.15, down 27%. The company also gave 2026 guidance, with full-year housing revenue of $5.10 billion to $6.10 billion, which shareholders can compare with the $6.24 billion total revenue reported for fiscal 2025.
Q4 net income was $101.5 million, compared to $190.6 million; adjusted diluted EPS was $1.92, excluding inventory-related charges, accelerated equity-based compensation and a loss on debt extinguishment.
Net orders fell 10% to 2,414 homes and the ending backlog was 3,128 homes, compared to 4,434.
Housing gross profit margin was 17.0%, compared to 20.9%, reflecting price reductions, higher relative land costs and geographic mix.
2026 first-quarter guidance calls for 2,300 to 2,500 deliveries and housing revenue of $1.05 billion to $1.15 billion.
KB Home entered a new $1.2 billion revolving credit agreement maturing November 12, 2030, which replaces its prior $1.09 billion revolving facility, and amended and restated its $360.0 million term loan to extend maturity to November 12, 2029. The filing says the prior revolver was terminated with no early termination penalties, and the new revolver may be increased to up to $1.7 billion if additional lender commitments are obtained.
New revolving facility: up to $1.2 billion, maturing November 12, 2030, for general corporate purposes
Prior revolving facility of up to $1.09 billion, with Citibank, N.A. as administrative agent, was voluntarily terminated with no early termination penalties
Term loan of $360.0 million amended and restated; maturity extended to November 12, 2029
Interest spread ranges from 1.25% to 1.75% for term SOFR and daily SOFR loans, depending on leverage ratio
On October 9, 2025, KB Home's compensation committee approved performance-based restricted stock unit awards to four named executive officers, including Chairman and CEO Jeffrey T. Mezger. The awards pay out between 0% and 200% of target shares based on three-year cumulative EPS, return on invested capital, and relative revenue growth targets for December 1, 2025 through November 30, 2028, so shareholders may see dilution only if performance thresholds are met.
Awards granted October 9, 2025 under the Amended and Restated KB Home 2014 Equity Incentive Plan
Jeffrey T. Mezger received 125,022 target units; Robert V. McGibney 60,774; Albert Z. Praw and Brian J. Woram 16,496 each
Payout weighted 40% EPS, 35% average adjusted return on invested capital, 25% relative revenue growth, over December 1, 2025 to November 30, 2028
Recipients receive no shares if all three measures fall below specified thresholds
KB Home reported third-quarter results for the period ended August 31, 2025, with revenue of $1.62 billion, down from $1.75 billion a year earlier, and diluted earnings per share of $1.61, down 21% from $2.04. Net income fell to $109.8 million from $157.3 million, mainly due to a lower housing gross profit margin, and the company repurchased $188.5 million of its stock in the quarter. The company also provided full-year 2025 housing revenue guidance of $6.10 billion to $6.20 billion.
Quarterly revenue was $1.62 billion versus $1.75 billion, and homes delivered fell 7% to 3,393.
Diluted earnings per share were $1.61 versus $2.04, and net income was $109.8 million versus $157.3 million.
Housing gross profit margin was 18.2% versus 20.6%, reflecting price reductions and higher relative land costs.
Full-year 2025 housing revenue guidance is $6.10 billion to $6.20 billion, and the company repurchased $188.5 million of stock in the quarter.
KB Home's compensation committee approved base salary increases for three named executive officers, effective July 1, 2025. The filing lists new salaries of $930,000 for Robert V. McGibney and $740,000 each for Albert Z. Praw and Brian J. Woram, but does not state prior salaries or the size of the increases.
Committee approved the increases on July 10, 2025, effective July 1, 2025
Robert V. McGibney's base salary set at $930,000
Albert Z. Praw and Brian J. Woram each set at $740,000
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.
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.
KB Home reported first-quarter results for the three months ended February 28, 2025, with revenues down 5% to $1.39 billion and diluted earnings per share down 15% to $1.49. The company reduced its 2025 revenue guidance, citing lower net orders in the first quarter, and named Robert R. Dillard as executive vice president and chief financial officer effective March 31, 2025. For shareholders, the decline in sales and profit and the cut to guidance are the main points, while the CFO appointment changes the company's finance leadership.
Revenues of $1.39 billion, down 5%; net income of $109.6 million, down 21%; diluted EPS of $1.49, down 15%.
Net orders of 2,772, down 17%; ending backlog value of $2.20 billion, down 21%.
Reduced 2025 revenue guidance; new range for housing revenues is $6.60 billion to $7.00 billion.
Robert R. Dillard, formerly CFO of Sonoco Products Company, becomes CFO effective March 31, 2025, with a base salary of $750,000.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every KB Home filing is on SEC EDGAR ↗. 8-K briefs of other companies →