7Baggers
Quarterly
Annual
    Unit: USD2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-05-31 2021-02-28 2020-11-30 2020-08-31 2020-05-31 2020-02-29 2019-11-30 2019-08-31 2019-05-31 2019-02-28 2018-11-30 2018-08-31 2018-05-31 2018-02-28 2017-08-31 2016-11-30 2016-02-29 2015-11-30 2015-08-31 2015-05-31 2015-02-28 2014-11-30 2014-08-31 2014-05-31 2014-02-28 2013-11-30 2013-08-31 2013-05-31 2013-02-28 2012-11-30 2012-08-31 2012-05-31 2011-11-30 2010-11-30 2009-08-31 2009-05-31 2008-11-30 2007-11-30 2006-11-30 2005-01-30 
      
    		                                                         
      revenues:
    		                                                         
      homebuilding
    		8,253,675,000 7,843,862,000 7,283,870,000 9,548,684,000 9,045,692,000 8,381,059,000 6,930,991,000 10,516,050,000 8,318,615,000 7,670,017,000 6,156,305,000 9,741,652,000 8,479,496,000 7,977,982,000 5,752,205,000 8,015,636,000 6,558,509,000 6,028,041,000 4,943,056,000 6,354,416,000 5,505,120,000 4,949,484,000 4,172,116,000 6,534,898,000 5,438,998,000 5,195,599,000 3,623,721,000                        494,469,000 643,613,000 805,229,000     
      financial services
    		314,195,000 298,098,000 277,077,000 304,550,000 273,270,000 281,723,000 249,720,000 304,693,000 266,206,000 222,979,000 182,981,000 230,735,000 202,078,000 200,166,000 176,701,000 228,956,000 206,973,000 218,747,000 244,069,000 258,319,000 237,068,000 196,263,000 198,661,000 252,781,000 224,502,000 204,216,000 143,311,000                        56,942,500 77,117,000 86,624,000     
      multifamily
    		228,465,000 230,305,000 63,196,000 88,917,000 93,443,000 99,500,000 129,677,000 140,824,000 137,394,000 151,744,000 143,523,000 179,167,000 243,056,000 176,021,000 267,359,000 188,395,000 167,921,000 177,473,000 131,443,000 205,424,000 115,170,000 123,117,000 132,617,000 175,936,000 183,958,000 147,412,000 97,394,000                               
      lennar other
    		13,943,000 5,237,000 7,402,000 4,737,000 3,637,000 3,310,000 2,542,000 6,616,000 7,388,000 411,000 7,620,000 22,813,000 9,801,000 4,527,000 7,251,000 573,000 8,000,000 5,984,000 6,900,000 7,731,000 12,896,000 18,509,000 1,943,000 7,916,000 9,600,000 15,663,000 3,656,000                               
      total revenues
    		8,810,278,000 8,377,502,000 7,631,545,000 9,946,888,000 9,416,042,000 8,765,592,000 7,312,930,000 10,968,183,000 8,729,603,000 8,045,151,000 6,490,429,000 10,174,367,000 8,934,431,000 8,358,696,000 6,203,516,000 8,433,560,000 6,941,403,000 6,430,245,000 5,325,468,000 6,825,890,000 5,870,254,000 5,287,373,000 4,505,337,000 6,971,531,000 5,857,058,000 5,562,890,000 3,868,082,000 6,459,210,000 5,672,569,000 5,459,061,000 2,980,791,000 3,261,476,000 8,956,335,000 1,993,664,000 2,945,567,000 2,491,698,000 2,392,604,000 1,644,139,000 2,583,938,000 2,014,034,000 1,818,745,000 1,363,095,000 1,916,953,000 1,602,072,000 1,426,124,000 989,946,000 1,349,937,000 1,099,758,000 930,155,000  868,376,000 720,730,000 891,853,000     
      costs and expenses:
    		                                                         
      corporate general and administrative
    		171,397,000 155,853,000 147,378,000 170,011,000 164,672,000 156,982,000 157,321,000 136,336,000 114,144,000 124,752,000 126,106,000 80,073,000 115,557,000 105,207,000 113,661,000 102,191,000 94,942,000 90,717,000 110,531,000 95,459,000 92,661,000 83,451,000 86,847,000 93,043,000 92,615,000 76,113,000 79,343,000 94,863,000 96,346,000 84,915,000 67,810,000 72,860,000 184,894,000 47,668,000 65,889,000 56,494,000 50,207,000 43,654,000 57,660,000 43,072,000 38,317,000 38,112,000 43,318,000 37,619,000 33,853,000 31,270,000 39,042,000 32,286,000 29,168,000  7,603,000 28,053,000 30,239,000     
      charitable foundation contribution
    		21,584,000 20,131,000 17,834,000 22,206,000 21,516,000 19,690,000 16,798,000 23,795,000 18,559,000 17,074,000 13,659,000 20,064,000 17,248,000 16,549,000 12,538,000 17,819,000 15,199,000 14,493,000 12,314,000                                       
      total costs and expenses
    		8,110,664,000 7,749,056,000 6,935,706,000 8,582,987,000 8,129,984,000 7,546,884,000 6,411,834,000 9,081,449,000 7,258,891,000 6,852,312,000 5,674,155,000 8,328,372,000 6,991,712,000 6,506,528,000 5,123,151,000 6,677,186,000 5,613,948,000 5,286,815,000 4,474,294,000 5,679,051,000 4,988,656,000 4,629,538,000 4,075,919,000 6,081,081,000 5,208,701,000 4,963,281,000 3,545,317,000 5,684,735,000 5,101,824,000 5,077,732,000 2,870,069,000 2,886,383,000 7,872,811,000 1,814,825,000 2,566,351,000 2,199,483,000 2,121,287,000 1,500,871,000 2,221,729,000 1,770,752,000 1,628,836,000 1,236,457,000 1,660,544,000 1,406,570,000 1,260,652,000 921,493,000 1,205,230,000 1,010,555,000 861,823,000  513,555,000 798,374,000 939,599,000     
      equity in earnings from unconsolidated entities
    		10,822,000                                                         
      other income, net and other gains
    		-18,956,000 30,759,000 31,668,000 68,991,000 23,331,000 68,172,000 65,372,000 -26,994,000 44,151,000 -9,960,000                                                
      lennar other realized and unrealized gains from technology investments
    		99,223,000                                                         
      earnings before income taxes
    		790,703,000 641,881,000 698,238,000 1,457,932,000 1,535,133,000 1,261,057,000 930,786,000 1,784,069,000 1,475,161,000 1,158,621,000 784,453,000 1,758,723,000 1,824,274,000 1,754,834,000 676,735,000 1,580,805,000 1,814,354,000 1,096,885,000 1,327,014,000 1,164,646,000 859,013,000 676,577,000 423,552,000 888,686,000 667,083,000 559,399,000 319,124,000 1,036,528,000 565,918,000 390,810,000 269,428,000 368,385,000 1,128,776,000 201,693,000 432,505,000 320,658,000 279,810,000 176,643,000 377,943,000 262,335,000 203,630,000 125,876,000 276,972,000 189,359,000 162,289,000 53,321,000 104,923,000 58,635,000 52,103,000         
      benefit from income taxes
    		-190,892,000 -160,061,000 -169,525,000 -358,058,000 -347,859,000 -300,471,000 -210,865,000 -416,780,000 -358,209,000 -280,879,000 -185,145,000 -414,789,000 -351,580,000 -432,276,000 -167,420,000 -387,155,000 -405,136,000 -260,113,000 -310,105,000 -273,737,000 -189,690,000 -160,479,000 -32,329,000 -217,503,000 -154,440,000 -140,530,000 -79,700,000 -238,301,000 -98,298,000 -75,961,000 -132,611,000 -124,795,000 -361,137,000 -56,241,000 -139,843,000 -95,621,000 -95,226,000 -59,726,000 -53,954,750 -88,895,000 -81,013,000                 
      net earnings
    		599,811,000 481,820,000 528,713,000 1,099,874,000 1,187,274,000 960,586,000 719,921,000 1,367,289,000 1,116,952,000 877,742,000 599,308,000 1,343,934,000 1,472,694,000 1,322,558,000 509,315,000 1,193,650,000 1,409,218,000 836,772,000 1,016,909,000 890,909,000 669,323,000 516,098,000 391,223,000 671,183,000 512,643,000 418,869,000 239,424,000 798,227,000 467,620,000 314,849,000 136,817,000 243,590,000 767,639,000 145,452,000 292,662,000 225,037,000 184,584,000 116,917,000 252,671,000 173,440,000 122,617,000 79,965,000 183,016,000 122,154,000 142,798,000 56,958,000 123,520,000 71,411,000 454,424,000         
      less: net earnings attributable to noncontrolling interests
    		8,844,000 4,371,000 9,187,000 3,660,000 24,600,000 6,275,000 587,000 6,002,000 7,956,000 6,048,000 2,774,000 21,490,000 5,350,000 1,802,000 5,734,000 3,159,000 2,330,000 5,409,000 15,540,000 8,149,000 2,905,000   -3,121,000 -723,000 -2,603,000 -486,000 2,079,000 14,409,000 4,592,000 602,000 -5,575,000 -125,000 1,372,000 11,059,000 1,725,000 1,568,000 1,954,000 7,348,000 -4,317,000 -15,102,000 1,848,000 18,932,000 1,492,000 5,362,000  -824,000 -15,698,000 1,721,000         
      net earnings attributable to lennar
    		590,967,000 477,449,000 519,526,000 1,096,214,000 1,162,674,000 954,311,000 719,334,000 1,361,287,000 1,108,996,000 871,694,000 596,534,000 1,322,444,000 1,467,344,000 1,320,756,000 503,581,000 1,190,491,000 1,406,888,000 831,363,000 1,001,369,000 882,760,000 666,418,000 517,406,000 398,452,000 674,304,000 513,366,000 421,472,000 239,910,000 796,148,000 453,211,000 310,257,000 136,215,000 249,165,000 767,764,000 144,080,000 281,603,000 223,312,000 183,016,000 114,963,000 245,323,000 177,757,000 137,719,000 78,117,000 164,084,000 120,662,000 137,436,000 57,492,000 124,344,000 87,109,000 452,703,000         
      other comprehensive income, net of tax:
    		                                                         
      net unrealized gains on securities available-for-sale
    		 -1,332,000 -178,000 489,000 444,000 1,355,000                          165,000                          
      total other comprehensive income, net of tax
    		 -1,332,000 -178,000 489,000 444,000 1,355,000 362,000 839,000 208,000 573,000 851,000 318,000 342,000 62,000 3,027,000 -41,000 131,000 316,000  -642,000 175,000 -790,000 -46,000 91,000 180,000 385,000 208,000 249,000 -276,000 -715,000 -658,000                           
      total comprehensive income attributable to lennar
    		590,967,000 476,117,000 519,348,000 1,096,703,000 1,163,118,000 955,666,000 719,696,000 1,362,126,000 1,109,204,000 872,267,000 597,385,000 1,322,762,000 1,467,686,000 1,320,818,000 506,608,000 1,190,450,000 1,407,019,000 831,679,000 1,000,427,000 882,118,000 666,593,000 516,616,000 398,406,000 674,395,000 513,546,000 421,857,000 240,118,000 796,397,000 452,935,000 309,542,000 135,557,000                           
      total comprehensive income attributable to noncontrolling interests
    		8,844,000 4,371,000 9,187,000 3,660,000 24,600,000 6,275,000 587,000 6,002,000 7,956,000 6,048,000 2,774,000 21,490,000 5,350,000 1,802,000 5,734,000 3,159,000 2,330,000 5,409,000 15,540,000 8,149,000 2,905,000   -3,121,000 -723,000 -2,603,000 -486,000 2,079,000 14,409,000 4,592,000 602,000                           
      basic and diluted earnings per share
    		2.29 1.81 1.96 2.565 4.26 3.45                                                    
      equity in earnings (losses) from unconsolidated entities
    		 12,116,000 33,234,000 12,332,000 186,621,000                                                     
      lennar other realized and unrealized losses from technology investments
    		 -29,440,000 -62,503,000                                                       
      lennar other unrealized gains from technology investments
    		   12,708,000 39,123,000 -21,514,000    25,497,000  -139,743,500 -85,839,000 -77,965,000                                            
      equity in losses from unconsolidated entities
    		     -4,309,000 -30,545,000                                                   
      lennar other unrealized losses from technology investments
    		      -5,137,000 -3,542,500 -15,713,000                                                 
      net unrealized gain on securities available-for-sale
    		      362,000 839,000 208,000 573,000 851,000 318,000 342,000 62,000 742,000 -41,000 131,000 316,000  -642,000 175,000 -338,000 -46,000 91,000 180,000 561,000 208,000 -277,000 -110,000 -589,000 -658,000  142,000 -437,000 252,000 -400,000                      
      basic earnings per share
    		      2.57 4.79 3.87 3.01 2.06 4.55 5.04 4.5 1.7 3.91 4.52 2.66 3.2 2.83 2.13 1.66 1.27 2.12 1.6 1.31 0.74 2.51 1.37 0.95 0.53 1.06 3.45 0.68 1.34 1.07 0.89 0.56 1.2 0.87 0.67 0.38 0.84 0.62 0.71 0.3 0.65 0.46 2.39         
      diluted earnings per share
    		      2.57 4.79 3.87 3.01 2.06 4.54 5.03 4.49 1.69 3.91 4.52 2.65 3.2 2.82 2.12 1.65 1.27 2.11 1.59 1.3 0.74 2.5 1.37 0.94 0.53 1.06 3.3 0.63 1.21 0.96 0.79 0.5 1.07 0.78 0.61 0.35 0.73 0.54 0.61 0.26 0.55 0.4 2.06         
      equity in income from unconsolidated entities
    		       -26,232,750 -23,989,000 -49,755,000                                         -26,277,500 -42,303,000 -59,890,000     
      reclassification adjustments for gain included in earnings, net of tax
    		           571,250   2,285,000                                           
      homebuilding equity in earnings from unconsolidated entities
    		          3,186,000 -2,519,000 -14,652,000 4,862,000  -965,500 2,391,000     -9,100,000    19,614,000                                
      homebuilding other income
    		          22,062,000 8,850,000 -6,883,000 2,720,000 -171,000 223,000 -5,570,000 -4,362,000 12,975,000 -12,904,000 -11,787,000 4,308,000 -9,366,000 3,987,000 12,375,000 -46,165,000 -1,535,000                               
      multifamily equity in earnings from unconsolidated entities and other gain
    		          -16,168,000 30,353,000 20,864,000 -201,000 1,805,000 -651,000 -2,904,000 13,854,000 -1,268,000 17,232,000 -1,532,000 -282,000 6,516,000 -4,152,000 7,883,000 -3,018,000 10,581,000                               
      lennar other equity in income from unconsolidated entities, other income, net, and other gain
    		          -16,947,000                                               
      lennar other unrealized income from technology investments
    		          -23,954,000                                               
      lennar other equity in earnings from unconsolidated entities, other income, net, and other gain
    		           -23,196,000 -31,935,000 -26,750,000                                            
      homebuilding equity in income from unconsolidated entities
    		              -286,000   -1,688,000 -4,565,000 19,241,000 -6,431,000  -4,546,000 -8,672,000 -10,459,000  -13,756,000                               
      lennar other unrealized gain from technology investments
    		              -395,170,000                                           
      lennar other equity in income from unconsolidated entities and other income, net, and other gain
    		              -9,808,000                                           
      financial services gain on deconsolidation
    		                     61,418,000                                    
      lennar other realized and unrealized gain
    		               211,844,250 495,202,000 -117,570,000                                        
      lennar other equity in earnings from unconsolidated entities and other income
    		               2,003,000 -2,220,000 63,221,000 -1,047,000                                       
      reclassification adjustments for loss included in earnings, net of tax
    		                   -113,000    -44,000                                  
      lennar other unrealized gain
    		                  469,745,000                                       
      other comprehensive loss, net of tax:
    		                                                         
      net unrealized loss on securities available-for-sale
    		                  -942,000                                       
      total other comprehensive loss, net of tax
    		                  -942,000                                       
      lennar other equity in earnings from unconsolidated entities
    		                   -6,325,000 -2,189,000 -26,642,000 119,000 3,117,000 8,903,000 -4,978,000 8,330,000                               
      lennar other income
    		                   563,000 -646,000 -10,960,000 1,411,000 3,956,000 24,000 -5,663,000 -7,261,000                               
      less: net income attributable to noncontrolling interests
    		                     -1,308,000 -7,229,000                       -534,000            
      reclassification adjustments for gains included in earnings, net of tax
    		                     -452,000    -176,000                                
      total comprehensive loss attributable to noncontrolling interests
    		                     -1,308,000 -7,229,000                                   
      acquisition and integration costs related to calatlantic
    		                           12,918,000 11,992,000 23,875,000 104,195,000                           
      lennar homebuilding
    		                           6,065,765,000 5,285,742,000 5,063,997,000 2,662,093,000 2,885,195,000 7,954,856,000 1,786,481,000 2,677,157,000 2,232,318,000 2,115,812,000 1,441,658,000 2,328,189,000 1,830,771,000 1,634,785,000 1,231,385,000 1,743,533,000 1,461,626,000 1,281,344,000 868,444,000 1,192,911,000 955,800,000 808,088,000         
      lennar financial services
    		                           228,288,000 236,268,000 232,135,000 171,140,000 215,056,000 563,299,000 123,956,000 157,067,000 168,748,000 169,885,000 124,827,000 138,034,000 128,379,000 111,016,000 76,952,000 99,728,000 112,638,000 119,096,000 95,880,000 121,044,000 106,764,000 88,595,000         
      rialto
    		                           56,038,000 49,495,000 45,236,000 54,302,000 57,810,000 190,255,000 43,711,000 61,241,000 51,554,000 67,931,000 41,197,000                    
      lennar multifamily
    		                           109,119,000 101,064,000 117,693,000 93,256,000 103,415,000 247,925,000 39,516,000 50,102,000 39,078,000 38,976,000 36,457,000 29,390,000 14,036,000 18,551,000 7,803,000                
      lennar homebuilding equity in income from unconsolidated entities
    		                           -50,011,000 -15,391,000 -12,226,000 -14,287,000 -9,651,000                          
      lennar homebuilding other income
    		                           13,179,000 12,910,000 9,824,000 169,928,000 2,797,000 56,858,000 519,000 8,311,000 4,189,000 -217,000 6,333,000 2,438,000 -63,000 2,262,000 2,889,000 27,060,000 -1,294,000 -2,686,000 4,266,000 -2,155,000 -5,406,000 12,758,000         
      lennar homebuilding loss due to litigation
    		                                                         
      rialto equity in earnings from unconsolidated entities
    		                           7,320,000 5,266,000 4,116,000 9,114,000 4,858,000 17,464,000 1,497,000 4,711,000 7,590,000 7,328,000 2,664,000                    
      rialto other income
    		                           -40,871,000 -5,882,000 -6,514,000 -8,791,000 -16,357,000 -39,159,000 -691,000 12,226,000 1,172,000 -872,000 -272,000                    
      lennar multifamily equity in earnings from unconsolidated entities
    		                           3,823,250 -1,730,000 14,281,000 2,742,000 11,645,000 65,833,000 19,686,000 15,114,000 5,004,000   -235,000 14,946,000                  
      reclassification adjustments for (gains) losses included in earnings, net of tax
    		                           -73,000 -166,000 -126,000                            
      cash dividends per each class a and class b common share
    		                           0.03 0.04 0.04 0.04 0.04 0.01 0.04 0.03 0.04 0.04 0.04 0.03 0.04 0.04 0.04 0.03 0.04 0.04 0.04 0.03 0.04 0.04  0.03 0.04 0.04     
      reclassification adjustments for (gains) loss included in earnings, net of tax
    		                                                         
      other comprehensive income attributable to lennar
    		                               249,330,000 767,853,000 143,643,000 281,829,000 222,912,000                      
      other comprehensive income attributable to noncontrolling interests
    		                               -5,575,000 -125,000 1,372,000 11,059,000 1,725,000                      
      lennar homebuilding equity in earnings from unconsolidated entities
    		                                -52,275,000 3,000,000 14,680,000 13,300,000 6,494,000 28,899,000 -3,659,000 -2,080,000         -9,381,000         
      other interest expense
    		                                -3,469,000 -1,157,000 -1,753,000 -2,812,000 -3,818,000 -4,071,000 -5,192,000 -8,381,000 -10,287,000 -12,691,000 -20,543,000 -22,230,000 -25,109,000 -26,031,000 -23,042,000 -22,659,000 -23,803,000         
      lennar multifamily equity in income from unconsolidated entities
    		                                    -422,000 -178,000   -182,000 -75,000                
      comprehensive earnings attributable to lennar
    		                                    183,016 114,963 245,323 177,757 137,719 78,117 164,084 120,662 137,436 57,492            
      comprehensive earnings attributable to noncontrolling interests
    		                                    1,568 1,954 7,348 -4,317 -15,102 1,848 18,932 1,492 5,362             
      rialto investments
    		                                      35,549,000 40,848,000 54,393,000 46,955,000 58,946,000 27,808,000 25,684,000 25,622,000 35,982,000 37,194,000 33,472,000         
      rialto investments equity in earnings from unconsolidated entities
    		                                      10,816,500 19,973,000 17,939,000 5,354,000 6,476,000 5,199,000 4,505,000 6,173,000 3,905,000 13,551,000 5,569,000         
      rialto investments other income
    		                                      -744,000 -5,342,000 3,595,000 -1,229,000 6,977,000 1,837,000 6,646,000 1,327,000 -6,105,000 -10,063,000 -1,372,000         
      lennar homebuilding equity in earnings unconsolidated entities
    		                                        394,000 4,990,000 5,734,750 10,345,000 13,461,000 -867,000 -3,572,250 -5,991,000          
      benefit for income taxes
    		                                         -45,911,000 -93,956,000 -67,205,000 -19,491,000 3,637,000 18,597,000 12,776,000 402,321,000  31,869,000 -2,740,000 -1,547,000     
      comprehensive loss attributable to noncontrolling interests
    		                                             -534            
      cost and expenses:
    		                                                         
      other income
    		                                                  -30,513,250 -51,697,000 -22,522,000     
      minority interest income
    		                                                  2,758,250 2,779,000 6,520,000     
      income before benefit for income taxes
    		                                                  -111,646,000 -168,865,000 -123,638,000     
      net income
    		                                                  -113,179,750 -171,605,000 -125,185,000     
      yoy
    		                                                         
      qoq
    		                                                  -34.05% 37.08%      
      net income margin %
    		                                                         
      basic and diluted loss per share
    		                                                  -0.68 -0.97 -0.76     
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.