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U.S. COMPANY FILING

Toll Brothers, Inc. — Form 10-K filed 2025-12-19

Filed: 2025-12-19Company: Toll Brothers, Inc.Ticker: TOLExchange: NYSEForm: 10-KReport period: 2025-10-31SEC accession: 0000794170-25-000112Event: earningsMateriality: 85

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Toll Brothers reported fiscal 2025 revenue of $10.97 billion and net income of $1.35 billion, down 14% from prior year. Net contracts signed fell 2% to $9.85 billion, and backlog decreased 15% to $5.49 billion. The company announced exit from multifamily development and sale of apartment assets to Kennedy Wilson. Demand weakness, especially at lower end, is expected to continue into Q1 FY2026.

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