Kb Home

com KB HOME REPORTS 2025 THIRD QUARTER RESULTS Revenues of $1.62 Billion Diluted Earnings Per Share of $1.61 Repurchased $188.5 Million of Common Stock LOS ANGELES (September 24, 2025) KB Home (NYSE KBH) today reported results for its third quarter ended August 31, 2025.

SEC original ↗Kb Home — Earnings release (8-K exhibit)EX-99Sep 24, 2025

In the first nine months of this fiscal year, we have returned more than $490 million to stockholders through share repurchases that represent approximately 11% of our shares outstanding, as well as dividends.

SEC original ↗Kb Home — Earnings release (8-K exhibit)EX-99Sep 24, 2025

We expect to continue repurchasing our shares in our 2025 fourth quarter and 2026 fiscal year, as we remain committed to enhancing long-term stockholder value, concluded Mezger.

SEC original ↗Kb Home — Earnings release (8-K exhibit)EX-99Sep 24, 2025

Diluted earnings per share declined 21% to $1.61, reflecting current quarter net income, partly offset by the favorable impact of the Company s common stock repurchases.

SEC original ↗Kb Home — Earnings release (8-K exhibit)EX-99Sep 24, 2025

Balance Sheet as of August 31, 2025 (comparisons to November 30, 2024, except as noted) The Company had total liquidity of $1.16 billion, including $330.6 million of cash and cash equivalents and $831.7 million of available capacity under its unsecured revolving credit facility, with $250.0 million of cash borrowings outstanding.

SEC original ↗Kb Home — Earnings release (8-K exhibit)EX-99Sep 24, 2025

Notes payable were $1.94 billion, compared to $1.69 billion, reflecting cash borrowings outstanding under the Company s unsecured revolving credit facility.

SEC original ↗Kb Home — Earnings release (8-K exhibit)EX-99Sep 24, 2025

Our sales approach in the quarter remained consistent and straightforward, focused on offering homebuyers the most compelling value at a transparent price.

SEC original ↗Kb Home — Earnings release (8-K exhibit)EX-99Sep 24, 2025

This financial measure assists management in making strategic decisions regarding community location and product mix, product pricing and construction pace.

SEC original ↗Kb Home — Earnings release (8-K exhibit)EX-99Sep 24, 2025

8 Corporate and other is a non-operating segment that develops and oversees the implementation of company-wide strategic initiatives and provides support to our reporting segments by centralizing certain administrative functions.

SEC original ↗Kb Home — 10-Q Quarterly report10-QOct 8, 2026

Corporate management is responsible for, among other things, evaluating and selecting the geographic markets in which we operate, consistent with our overall business strategy; allocating capital resources to markets for land acquisition and development activities; making major personnel decisions related to employee compensation and benefits; and monitoring the financial and operational performance of our divisions.

SEC original ↗Kb Home — 10-Q Quarterly report10-QOct 8, 2026

If we change our strategy or if there are changes in market conditions for any given asset, we may recognize additional impairment charges in future periods.

SEC original ↗Kb Home — 10-Q Quarterly report10-QOct 8, 2026

trade policies, including the imposition of tariffs and duties on homebuilding materials and products, and related trade disputes with and retaliatory measures taken by other countries, and financial markets and businesses reactions to any such policies disruptions in world and regional trade flows, economic activity and supply chains due to the military conflict and other attacks in the Middle East region and military conflict in Ukraine, including those stemming from wide-ranging sanctions the U.

SEC original ↗Kb Home — Earnings release (8-K exhibit)EX-99Sep 24, 2025

Please see our periodic reports and other filings with the Securities and Exchange Commission for a further discussion of these and other risks and uncertainties applicable to our business.

SEC original ↗Kb Home — Earnings release (8-K exhibit)EX-99Sep 24, 2025

Legal Proceedings 51 Item 1A.

SEC original ↗Kb Home — 10-Q Quarterly report10-QOct 8, 2026