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Beazer Homes USA, Inc. BZH West — Inventory impairments and abandonments

Other segment segments

East
$1.02M
Southeast
$0-100%

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Other financials

Income statement

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Revenue$516.3M-5.3%
Gross profit$66.1M-8.9%
Operating income-$11.4M-206%
Net income-$4.2M-1,205%
EPS (diluted)-$0.16-1,500%

Balance sheet

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Cash & equivalents$128.1M+41.6%
Total debt$1.4B+23.5%
Total equity$1.1B-5.8%
Total assets$2.9B+7.1%

Cash flow

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Operating cash flow-$146.9M-136%
CapEx$7.0M-12.0%
Free cash flow-$153.9M-119%

Valuation

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Market cap$906.94M+31.1%
Enterprise value$2.21B+25.6%
P/S0.4×+0.1×

Profitability

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Gross margin12.4%-3.2pp
Operating margin-1.8%-4.7pp
Net margin-0.4%-3.2pp
FCF margin-7.4%

Returns & leverage

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Return on equity-0.7%-6.3pp
Debt / equity1.3×+0.3×

Where this comes from

Reported directly by Beazer Homes USA, Inc. in its filing.

Tagged under the XBRL concept us-gaap:InventoryWriteDown.

The source filing: Beazer Homes USA, Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:04 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000915840-26-000052
in thousands (except per share data)Three Months Ended / June 30, 2026Three Months Ended / June 30, 2025Nine Months Ended / June 30, 2026Nine Months Ended / June 30, 2025
Total revenue$516,306$545,367$1,289,643$1,579,659
Home construction and land sales expenses447,863462,4481,131,6311,338,136
Inventory impairments and abandonments2,34210,3396,00710,867
Gross profit66,10172,580152,005230,656
Commissions17,15618,61542,56253,511
General and administrative expenses55,38653,104158,569152,075
Depreciation and amortization4,9244,57113,05013,273
Operating (loss) income(11,365)(3,710)(62,176)11,797

Item 1. Financial Statements

FAQ

What is Beazer Homes USA, Inc.'s west — inventory impairments and abandonments?
Beazer Homes USA, Inc. (BZH) reported west — inventory impairments and abandonments of $1.03M in Q2 2026.
How has Beazer Homes USA, Inc.'s west — inventory impairments and abandonments changed year-over-year?
Beazer Homes USA, Inc.'s west — inventory impairments and abandonments decreased by 66.6% year-over-year, from $3.08M to $1.03M.
What is the long-term trend for Beazer Homes USA, Inc.'s west — inventory impairments and abandonments?
Over 2 years (2023 to 2025), Beazer Homes USA, Inc.'s west — inventory impairments and abandonments has grown at a 209.1% compound annual growth rate (CAGR), from $487K to $4.65M.
What does west — inventory impairments and abandonments mean?
Reflects the non-cash charges recognized when the carrying value of inventory in the West segment exceeds its estimated fair value or when projects are abandoned. High levels of these charges indicate potential overvaluation of land assets or poor strategic planning in the regional market.

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