Lennar Corporation Financial Statements FY2021-FY2026Q3

Lennar Corporation (LEN) Financial Statements in Beancount — Open Ledger

Lennar's income statement and balance sheet, FY2021 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K, 10-Q and 8-K filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/lennar

Latest analysis: Lennar FY2026 Q3 Earnings: 52% Profit Drop, 116-Day Cycle

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end November 30 (SEC CIK 0000920760). FY2021–FY2025 come from the annual reports on Lennar's investor-relations site; FY2026Q3 is the quarter from June 1 through August 31, 2026 — not the nine-month column — from the third-quarter earnings release, and FY2026Q1/Q2 are not modeled. Lennar files an unclassified, segment-organized balance sheet, so those lines sit in Unclassified accounts. Income:Revenue and net income are consolidated, including noncontrolling interests, and Expenses:AncillaryOperations holds the Financial Services, Multifamily and Lennar Other costs. Filing tables are in USD thousands, kept without rounding.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 8,046.119 MUSD means 8,046.119 million US dollars.
• Additional accounts — Assets:Unclassified:ConsolidatedInventoryNotOwned,
  Assets:Unclassified:FinancialServices,
  Assets:Unclassified:FinishedHomesAndConstruction,
  Assets:Unclassified:HomebuildingInvestments,
  Assets:Unclassified:HomebuildingOther,
  Assets:Unclassified:HomebuildingReceivables,
  Assets:Unclassified:HomebuildingRestrictedCash,
  Assets:Unclassified:LandAndLandDevelopment,
  Assets:Unclassified:LandDeposits, Assets:Unclassified:LennarOther,
  Assets:Unclassified:Multifamily, Equity:NoncontrollingInterests,
  Equity:TreasuryStock, Expenses:AncillaryOperations,
  Expenses:CharitableContributions,
  Liabilities:Unclassified:ConsolidatedInventoryNotOwned,
  Liabilities:Unclassified:FinancialServices,
  Liabilities:Unclassified:HomebuildingAccountsPayable,
  Liabilities:Unclassified:HomebuildingDebt,
  Liabilities:Unclassified:HomebuildingOther,
  Liabilities:Unclassified:LennarOther,
  Liabilities:Unclassified:Multifamily, opened beyond the standard chart (see
  each account's open line in main.bean).

Analysis

• Lennar FY2026 Q3 Earnings: 52% Profit Drop, 116-Day Cycle — FY2026Q3

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Lennar Corporation's publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Lennar Corporation; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.