Filing Flows

Filing Flows › Companies › KB Home › Cash flow

KB Home cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow−$145M in Q3 FY26 · $28.7M over twelve months

Operating cash flow−$135M
Capital spending−$9.6M
Free cash flow−$145M
Cash / net income-2.1×

Analysis

In Q3 FY26, KB Home generated −$135M of operating cash flow and spent $9.6M on capital projects, leaving free cash flow of −$145M. That is $331M less than in Q3 FY25 ($186M).

Over the twelve months to Aug 31, 2026, operating cash flow was $75.0M; the largest uses were buybacks ($283M), dividends ($63.5M), capital spending ($46.3M); besides operations, cash came from net borrowing (+) / repaid (−) ($165M), other investing ($11.4M); the cash balance fell by $172M.

Operating cash flow was −$135M against net income of $65.3M — -2.1× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$253M, payables +$44.1M, depreciation & amortization +$10.6M.

Free cash flow

KB Home: free cash flow by quarterKB Home: free cash flow by quarter$353MQ4 FY24−$346MQ1 FY25$157MQ2 FY25$186MQ3 FY25$290MQ4 FY25−$139MQ1 FY26$22.2MQ2 FY26−$145MQ3 FY26
Operating cash flow less capital spending.
KB Home: operating cash flow against capital spendingKB Home: operating cash flow against capital spendingOperating cash flowCapital spending$363M$10.1MQ4 FY24−$334M$11.2MQ1 FY25$168M$11.5MQ2 FY25$198M$11.9MQ3 FY25$304M$13.8MQ4 FY25−$125M$13.2MQ1 FY26$31.9M$9.7MQ2 FY26−$135M$9.6MQ3 FY26
Latest (Q3 FY26): Operating cash flow −$135M, Capital spending $9.6M.

Capital allocation, year by year

KB Home: where the cash came from (up) and went (down), by fiscal yearKB Home: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY21: Operating cash flow −$37.3MFY21: Net borrowing −$65.1MFY21: Shares issued $11.7MFY21: Capital spending −$39.4MFY21: Buybacks −$188MFY21: Dividends −$54.1M$11.7MFY21FY22: Operating cash flow $183MFY22: Net borrowing −$204MFY22: Capital spending −$45.2MFY22: Buybacks −$150MFY22: Dividends −$52.5M$183MFY22FY23: Operating cash flow $1.1BFY23: Net borrowing −$150MFY23: Shares issued $8.9MFY23: Capital spending −$35.5MFY23: Buybacks −$411MFY23: Dividends −$56.8M$1.1BFY23FY24: Operating cash flow $363MFY24: Shares issued $10.4MFY24: Capital spending −$39.3MFY24: Buybacks −$354MFY24: Dividends −$71.6M$373MFY24FY25: Operating cash flow $336MFY25: Shares issued $1.1MFY25: Capital spending −$48.4MFY25: Buybacks −$541MFY25: Dividends −$68.6M$337MFY25
Over these 5 years operating cash flow totalled $1.9B; the largest uses were buybacks ($1.6B) and net borrowing ($419M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$160M
Debtnone
Net cash$160M
Due within a year$800K
Cash runway3 months

KB Home is burning cash: its operations consume cash, a free cash flow of −$580M a year at the current rate against $160M of cash and investments: a runway of about 3 months; $800K of debt also comes due within a year, which would need refinancing or new money before any new financing.

KB Home: debt maturities by year (FY25)KB Home: debt maturities by year (FY25)$800KYear 1$301MYear 2$800KYear 3$660MYear 4$350MYear 5$390MAfter year 5
Principal due in each year as disclosed in the annual report, against $160M of cash and investments now.

Where the cash came from and went

KB Home: sources (+) and uses (−) of cash, Q3 FY26KB Home: sources (+) and uses (−) of cash, Q3 FY26Net borrowing (+) / repaid (−)$140MOperating cash flow−$135MBuybacks−$50.0MCash drawn (+) / kept (−)$40.7MOther investing$24.5MDividends−$15.2MCapital spending−$9.6MShares issued$5.1MOther financing−$179K
KB Home: sources (+) and uses (−) of cash, TTM to Q3 FY26KB Home: sources (+) and uses (−) of cash, TTM to Q3 FY26Buybacks−$283MCash drawn (+) / kept (−)$172MNet borrowing (+) / repaid (−)$165MOperating cash flow$75.0MDividends−$63.5MCapital spending−$46.3MTaxes on employees’ shares−$26.3MOther investing$11.4MOther financing−$10.6MShares issued$6.1M

From profit to cash

KB Home: net income to operating cash flow, Q3 FY26KB Home: net income to operating cash flow, Q3 FY26Net income$65.3MDepreciation & amortization$10.6MStock-based pay−$215KInventory−$253MPayables$44.1MOther operating capital$6.6MOperating cash flow−$135M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 FY26−$135M−$9.6M−$50.0M−$15.2M$140M$5.1M$40.7M−$145M
Q2 FY26$31.9M−$9.7M−$80.1M−$15.3M$75.0M$81K$1.0M$22.2M
Q1 FY26−$125M−$13.2M−$50.0M−$17.3M$200M$477K$28.6M−$139M
Q4 FY25$304M−$13.8M−$103M−$15.8M−$250M$418K$102M$290M
Q3 FY25$198M−$11.9M−$188M−$16.3M$50.0M$207K−$21.4M$186M
Q2 FY25$168M−$11.5M−$200M−$17.2M$100M—−$41.5M$157M
Q1 FY25−$334M−$11.2M−$50.0M−$19.3M$100M$445K$330M−$346M
Q4 FY24$363M−$10.1M−$104M−$18.0M—$1.2M−$224M$353M

KB Home: income statement and cash flow

KB Home, Q3 FY26: revenue $1.3B (-20% year over year), operating margin 6.3%. The chart follows the revenue to costs, profit and cash.

KB Home: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.