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0:00 / 0:00I. Homebuilding Operations and Strategic Initiatives
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Lennar Shifts to 98% Land-Light Model Amid 46% Earnings Drop

LEN10-KFiling Date: 1/28/2026
Lennar Corporation
Description

What this story covers

Lennar's 2025 10-K reveals a strategic pivot to a 98% land-light model and record deliveries of 82,583 homes. Despite a significant drop in net earnings due to affordability headwinds, the company maintains $6.6 billion in liquidity.

Story snapshot

CompanyLennar Corporation
TickerLEN
VariantStandard detailed
Duration18:43
Filing type10-K
PeriodAnnual 2025
IndustryReal Estate & Construction
Accession0001628280-26-003870
Sources1

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Primary Sources

sec_filing10-KView on SEC.gov →

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