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

The whole income statement of Lennar for this quarter, as one diagram: what earned the revenue, and what it went on.

Period: Dec 1, 2025 – Feb 28, 2026
Reported: Apr 9, 2026 10-Q accession 0001628280-26-024352

Revenue$6.62B −13% year over year

Gross profit$0.87B 13% margin

Operating profit$0.29B 4% margin

Net profit$0.23B 3% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Feb 28, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6.62	100%	−13%
Real estate other	6.27	95%	−13%
Other	0.33	5%	−7%
Land	0.02	0%	−57%
Cost of revenue	−5.75	87%
Gross profit	0.87	13% margin	−4pp
SG&A	−0.57	9%	+1pp
Operating profit	0.29	4% margin	−4pp
Tax	−0.07
Net profit	0.23	3% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

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.

Filing on EDGAR More quarters of LEN

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

The numbers

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