KB Home reported revenues of $1.61 billion for the three months ended August 31, 2025, compared to $1.75 billion for the same period in 2024, representing an 8% decrease. For the nine months ended August 31, 2025, revenues were $4.53 billion, down from $4.91 billion for the prior-year period, also an 8% decrease. The decline was primarily attributed to fewer homes delivered in the 2025 periods. Financial services pretax income declined 21% for the quarter and 32% for the nine-month period, mainly due to decreases in insurance commissions, title services revenues, and a reduction in the equity in income from the unconsolidated joint venture KBHS. The fair value loss of interest rate lock commitments (IRLCs) for the three months ended August 31, 2025, was $3.0 million, compared to a $0.4 million loss in the same period of the previous year. Corporate and other operating losses were $36.4 million for the quarter and $113.3 million for the nine-month period, compared to $37.9 million and $111.6 million, respectively, in the prior-year periods.