FINHUB Insights

LEN · Q1 FY26 · Dec 1, 2025 – Feb 28, 2026

Lennar Q1 FY26: where the revenue came from and where it went

Lennar Q1 FY26: revenue $6.6B (−13% year over year). Net profit $0.2B. Largest cohort Real Estate Other $6.3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Dec 1, 2025 – Feb 28, 2026
Reported
Apr 9, 2026 10-Q
Sankey diagram of Lennar's income statement for Q1 FY26: revenue of $6.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$6.6B −13% year over year
Gross profit$0.9B 13% margin
Operating profit$0.3B 4% margin
Net profit$0.2B 3% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Feb 28, 2026).
ItemValueShare of revenueYear over year
Revenue 6.6 100% −13%
Real Estate Other 6.3 95% −13%
Other Revenue 0.3 5% −7%
Cost of revenue−5.888%
Gross profit0.913% margin−4pp
SG&A−0.49%+1pp
G&A−0.22%+0pp
Operating profit0.34% margin−4pp
Tax−0.1
Net profit0.23%−3pp
Filing on EDGAR More quarters of LEN

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters