Filing Flows › KB Home (KBH) › Q1 FY25
KB Home (KBH) Q1 FY25 earnings results (first quarter fiscal 2025)
10-Q filed Apr 9, 2025
KB Home (KBH) reported revenue of $1.4B for the first quarter fiscal 2025 (Q1 FY25), -5% from a year earlier and -30% from the quarter before. Operating margin was 10.0%, net earnings $110M (7.9% of revenue).
KB Home, Q1 FY25: revenue $1.4B (-5% year over year), operating margin 10.0%, net earnings $110M, operating cash flow −$334M. The chart follows the revenue to costs, profit and cash.
| Q1 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -30% | -5% |
| Operating profit | $139M | -44% | -20% |
| Net earnings | $110M | -43% | -21% |
| Operating cash flow | −$334M | — | — |
What changed
Revenue was $1.4B in Q1 FY25, down 5% year over year and down 30% from the previous quarter. Homebuilding was the largest line at 100% of revenue. Homebuilding lost $0.07B year over year (down 5%), 98% of the total change.
Operating profit was $0.14B, a 10.0% margin (down 1.9 points year over year). Total costs fell 3% while revenue fell 5%. Net earnings were $0.11B, down 21% year over year. The effective tax rate was 21.4%.
Operating cash flow was −$0.33B. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.46B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.35B.
Questions
What was KB Home's revenue in the first quarter fiscal 2025?
KB Home (KBH) reported revenue of $1.4B for the first quarter fiscal 2025 (Q1 FY25), -5% from a year earlier and -30% from the quarter before.
Was KB Home profitable in the first quarter fiscal 2025?
Operating profit was $139M (10.0% of revenue) and net earnings $110M.
Source: KB Home 10-Q on SEC EDGAR.