Lennar (LEN) 10-K Summary — Year Ended Nov 30, 2025
Lennar Corporation filed its annual report for the fiscal year ended in late 2025. The filing shows a decline in revenue from the prior year and reports net income and operating cash flow.
Key takeaway
Year ended Nov 30, 2025 · FY2025 10-K
Lennar Corporation filed its annual report for the fiscal year ended in late 2025. The filing shows a decline in revenue from the prior year and reports net income and operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$34.2B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$2.1B
Net income reported for the year.
Operating cash flow
$216.8M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Nov 30, 2022 | $33.7B | +24.1% |
| Nov 30, 2023 | $34.2B | +1.7% |
| Nov 30, 2024 | $35.4B | +3.5% |
| Nov 30, 2025 | $34.2B | -3.5% |
Business overview
The supplied filing sections do not include a description of the company’s business. Only item titles are listed without accompanying text.
Financial performance
Revenue increased over two years then decreased in the most recent year. Net income and operating cash flow were reported, indicating the company remained profitable.
Material risks
The filing context lists a risk factors item but provides no specific risk descriptions. No material risks can be identified from the supplied information.
Liquidity and capital
Operating cash flow was positive, supporting basic liquidity. No further capital allocation or financing details are discussed in the supplied sections.
What to watch
Monitor the company’s ability to reverse the revenue decline in the next fiscal year.