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Item 3 — Quantitative and Qualitative Disclosures About Market Risk
Kb Home · 10-Q · Q2 FY2026 · Period ended May 31, 2026
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There have been no material changes in our market risk since November 30, 2025, other than our $275.0 million of cash borrowings outstanding under the Credit Facility as of May 31, 2026. As disclosed in Note 14 – Notes Payable in the Notes to Consolidated Financial Statements in this report, our Credit Facility is subject to interest rate changes as the borrowing rates are based on SOFR or a base rate, plus a spread that depends on our Leverage Ratio. For additional information regarding our market risk, refer to the “Quantitative and Qualitative Disclosures About Market Risk” section of our Annual Report on Form 10-K for the year ended November 30, 2025.
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