KB Home 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934. For the quarterly period ended February28, 2026. or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934. For the transition period from [] to []. Commission File No.001-09195 KB HOME (Exact name of registrant as specified in its charter) 95-3666267 (IRS employer identification number) 10990 Wilshire BoulevardLos Angeles, California 90024(310) 231-4000(Address, including zip code, and telephone number of principal executive offices) Securities registered pursuant to section12(b) of the Act: Title of each class Common Stock (par value $1.00 per share) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ Acceleratedfiler☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ There were 62,648,246 shares of the registrant’s common stock, par value $1.00 per share, outstanding on February 28, 2026. PART I. FINANCIAL INFORMATION Item1. Financial StatementsConsolidated Statements of Operations-Three Months Ended February 28, 2026 and 20253Consolidated Balance Sheets -February 28, 2026 and November 30, 20254Consolidated Statements of Stockholders’ Equity -Three Months Ended February 28, 2026 and 20255Consolidated Statements of Cash Flows -Three Months Ended February 28, 2026 and 20256Notes to Consolidated Financial Statements7Item2. Management’s Discussion and Analysis of Financial Condition and Results of Operations26Item3. Quantitative and Qualitative Disclosures About Market Risk46Item4. Controls and Procedures46 PART II. OTHER INFORMATIONItem 1. Legal Proceedings46Item 1A. Risk Factors46Item 2. Unregistered Sales of Equity Securities and Use of Proceeds46Item 5. Other Information47Item 6. Exhibits47 SIGNATURES KB HOMECONSOLIDATED STATEMENTS OF OPERATIONS(In Thousands, Except Per Share Amounts – Unaudited) KB HOMECONSOLIDATED BALANCE SHEETS(In Thousands, Except Shares – Unaudited) KB HOMECONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(In Thousands – Unaudited) KB HOMECONSOLIDATED STATEMENTS OF CASH FLOWS(In Thousands – Unaudited) KB HOMENOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1.Basis of Presentation and Significant Accounting Policies Basis of Presentation.The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S.generally accepted accounting principles (“GAAP”) for interim financial information and the rules and regulations of theSecurities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and footnotes required byGAAP for complete financial statements. These unaudited consolidated financial statements should be read in conjunction withthe audited consolidated financial statements for the year ended November30, 2025, which are contained in our Annual Report onForm 10-K for that period. The consolidated balance sheet at November30, 2025 has been taken from the audited consolidatedfinancial statements as of that date. In the opinion of management, the accompanying unaudited consolidated financial statementscontain all adjustments (consisting of normal recurring adjustments) considered necessary for the fair presentation of our resultsfor the interim periods presented. The results of our consolidated operations for the three months ended February28, 2026 are notnecessarily indicative of the results to be expected for the full year due to seasonal variations in operating results and other factors. Unless the context indicates otherwise, the terms “we,” “our,” and “us” used in this report refer to KB Home, a Delawarecorporation, and its subsidiaries. Use