---
schema_version: "secwatch.filing_event.v1"
accession: "0000795266-25-000109"
form_type: "8-K"
ticker: "KBH"
cik: "0000795266"
company_name: "KB HOME"
filed_at: "2025-12-18T23:59:59+00:00"
generated_at: "2026-05-16T12:50:27.468218+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KB Home Q4 EPS $1.55 (adj. $1.92), revenue $1.69B down 15.5% YoY; guides Q1 2026 deliveries 2,300-2,500

## Summary
- Q4 revenues $1.69B vs $2.00B YoY; deliveries down 9% to 3,619; avg selling price down 7% to $465,600.
- Q4 net income $101.5M ($1.55 diluted EPS); adjusted EPS $1.92 excluding $13.7M inventory charges and $16.0M accelerated equity comp.
- Full year 2025 revenues $6.24B vs $6.93B; net income $428.8M ($6.15 diluted EPS) down 35% YoY.
- Repurchased $100M of stock in Q4; new $1.2B credit facility maturing 2030; extended $360M term loan to 2029.
- Q1 2026 guidance: deliveries 2,300-2,500, housing revenues $1.05-1.15B, gross margin 15.4-16.0%; FY26 deliveries 11,000-12,500.

## SEC filing metadata
- accession: 0000795266-25-000109
- form_type: 8-K
- ticker: KBH
- cik: 0000795266
- company_name: KB HOME
- filed_at: 2025-12-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/795266/000079526625000109/0000795266-25-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/795266/000079526625000109/kbh-20251218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000795266-25-000109
- JSON: https://secwatch.observer/filing/0000795266-25-000109.json
- Plain text: https://secwatch.observer/filing/0000795266-25-000109.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.