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Dec 31, 2025
Beazer Homes Q1 2026 Earnings Report
Beazer Homes reported a net loss of $32.6 million, or $1.13 per diluted share, for the first fiscal quarter of 2026, reflecting persistent demand challenges and elevated incentives in the market.
Key Takeaways
Beazer Homes USA, Inc. announced its financial results for the first fiscal quarter of 2026, reporting a net loss of $32.6 million, or $1.13 per diluted share, which included a litigation-related charge. The company experienced a decrease in home closings and revenue, along with lower gross margins, primarily due to demand challenges and increased incentives. Despite the downturn, the company expressed cautious optimism for the spring selling season due to slowing starts by national builders and lower mortgage rates, and remains focused on driving sequential margin improvements and achieving multi-year goals.
Net loss for Q1 fiscal 2026 was $32.6 million, or $1.13 per diluted share, including a litigation-related charge.
Homebuilding revenue decreased by 21.9% year-over-year to $359.7 million, driven by a 22.8% decrease in home closings.
Homebuilding gross margin was 10.4%, down 480 basis points from the prior year, primarily due to increased price concessions and a litigation-related charge.
Adjusted EBITDA was a loss of $11.2 million, compared to a gain of $23.0 million in the prior year quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Beazer Homes is cautiously optimistic for the spring selling season, aiming for sequential margin improvements through construction cost reductions, favorable mix impacts, and strong performance from newer communities. The company plans to realign its land portfolio through selective asset sales and use proceeds for share repurchases, while also working towards its 2027 goals for community count, deleveraging, and book value per share growth.
Positive Outlook
- Cautious optimism for the spring selling season due to slowing national builder starts and lower mortgage rates.
- Focus on driving sequential margin improvements through construction cost reductions and favorable mix impacts.
- Anticipated strong performance from newest communities.
- Plans to realign land portfolio through selective asset sales.
- Intention to use a portion of asset sale proceeds to accelerate highly accretive share repurchases.
Challenges Ahead
- Persistent demand challenges and elevated incentives in the market.
- Uncertain environment requiring continued focus on operational efficiency.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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