---
schema_version: "secwatch.filing_event.v1"
accession: "0001406587-25-000071"
form_type: "8-K"
ticker: "FOR"
cik: "0001406587"
company_name: "Forestar Group Inc."
filed_at: "2025-07-22T23:59:59+00:00"
generated_at: "2026-05-18T04:12:57.504753+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Forestar Q3 net income down 15% to $32.9M; cuts FY lot delivery guidance

## Summary
- Net income $32.9M ($0.65 diluted EPS) vs. $38.7M ($0.76) YoY; pre-tax income down 16% to $43.6M.
- Revenue up 23% to $390.5M; residential lots sold up 11% to 3,605 lots.
- Lowers FY2025 lot delivery outlook to 14,500-15,000 from prior 15,000-15,500; revenue guidance unchanged at $1.50-$1.55B.
- Owned and controlled 102,300 lots; 25,700 lots under contract (~$2.3B future revenue).
- Liquidity of $792M; net debt to total capital ratio 28.9%.

## SEC filing metadata
- accession: 0001406587-25-000071
- form_type: 8-K
- ticker: FOR
- cik: 0001406587
- company_name: Forestar Group Inc.
- filed_at: 2025-07-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1406587/000140658725000071/0001406587-25-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1406587/000140658725000071/for-20250722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001406587-25-000071
- JSON: https://secwatch.observer/filing/0001406587-25-000071.json
- Plain text: https://secwatch.observer/filing/0001406587-25-000071.txt

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