Company: LEN
Filing Date: 2025-10-03
Form Type: 10-Q
Source: 0001628280-25-044086
Chunk: 3

Company: LENNAR CORP /NEW/
Filing Date: 2025-10-03
Form: 10-Q
Item: Item 1
Chunk 3
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 Income (Loss)(In thousands, except per share amounts)(Unaudited)

Three Months EndedNine Months EndedAugust 31,August 31,2025202420252024Revenues:Homebuilding$8,253,675 9,045,692 23,381,407 24,357,742 Financial Services314,195 273,270 889,370 804,713 Multifamily228,465 93,443 521,966 322,620 Lennar Other13,943 3,637 26,582 9,489 Total revenues8,810,278 9,416,042 24,819,325 25,494,564 Costs and expenses:Homebuilding7,497,119 7,613,042 21,184,631 20,697,033 Financial Services136,323 128,870 410,735 382,005 Multifamily238,791 184,708 566,844 419,580 Lennar Other45,450 17,176 99,039 53,105 Corporate general and administrative171,397 164,672 474,628 478,975 Charitable foundation contribution21,584 21,516 59,549 58,004 Total costs and expenses8,110,664 8,129,984 22,795,426 22,088,702 Equity in earnings from unconsolidated entities10,822 186,621 56,172 151,767 Other income (expense), net and other gains (losses), net(18,956)23,331 43,471 156,875 Lennar Other realized and unrealized gains from technology investments99,223 39,123 7,280 12,472 Earnings before income taxes790,703 1,535,133 2,130,822 3,726,976 Provision for income taxes(190,892)(347,859)(520,478)(859,195)Net earnings (including net earnings attributable to noncontrolling interests)599,811 1,187,274 1,610,344 2,867,781 Less: Net earnings attributable to noncontrolling interests8,844 24,600 22,402 31,462 Net earnings attributable to Lennar$590,967