Filing Flows › KB Home (KBH) › Q1 FY26
KB Home (KBH) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Apr 9, 2026
KB Home (KBH) reported revenue of $1.1B for the first quarter fiscal 2026 (Q1 FY26), -23% from a year earlier and -36% from the quarter before. Operating margin was 3.7%, net earnings $33.4M (3.1% of revenue).
KB Home, Q1 FY26: revenue $1.1B (-23% year over year), operating margin 3.7%, net earnings $33.4M, operating cash flow −$125M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -36% | -23% |
| Operating profit | $40.3M | -69% | -71% |
| Net earnings | $33.4M | -67% | -69% |
| Operating cash flow | −$125M | -141% | — |
What changed
Revenue was $1.1B in Q1 FY26, down 23% year over year and down 36% from the previous quarter. Homebuilding was the largest line at 100% of revenue. Homebuilding lost $0.31B year over year (down 23%), 100% of the total change.
Operating profit was $0.04B, a 3.7% margin (down 6.3 points year over year). Total costs fell 17% while revenue fell 23%. Net earnings were $0.03B, down 69% year over year. The effective tax rate was 17.1%.
Operating cash flow was −$0.13B. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.17B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.14B.
Questions
What was KB Home's revenue in the first quarter fiscal 2026?
KB Home (KBH) reported revenue of $1.1B for the first quarter fiscal 2026 (Q1 FY26), -23% from a year earlier and -36% from the quarter before.
Was KB Home profitable in the first quarter fiscal 2026?
Operating profit was $40.3M (3.7% of revenue) and net earnings $33.4M.
Source: KB Home 10-Q on SEC EDGAR.