---
title: "Forestar reports Q3: revenue $407.0M, net income $35.9M, EPS $0.70"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293365771.md"
description: "Forestar reported Q3 fiscal 2026 results with revenue of $407.0 million, up 4% year-over-year, and net income of $35.9 million ($0.70 EPS). Pre-tax income reached $48.7 million. The company holds $1.1 billion in total liquidity and a lot position of 91,700 lots. For the nine months, revenue was $1,054.3 million with net income of $83.5 million."
datetime: "2026-07-21T16:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293365771.md)
  - [en](https://longbridge.com/en/news/293365771.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293365771.md)
generator: "portal-rs"
---

# Forestar reports Q3: revenue $407.0M, net income $35.9M, EPS $0.70

Forestar reported third fiscal quarter results for the period ended June 30, 2026, with revenue of $407.0 million and net income attributable to the company of $35.9 million, or $0.70 per diluted share. Pre-tax income rose to $48.7 million and consolidated revenues increased 4% year-over-year. The company ended the quarter with $1.1 billion of total liquidity and a lot position of 91,700 lots.

**Financial Highlights**

-   Revenue: $407.0 million for the three months ended June 30, 2026 (up 4% vs. prior year quarter).
-   Pre-tax income: $48.7 million for the quarter; income before income taxes reported as $48.7 million.
-   Net income attributable to Forestar: $35.9 million, or $0.70 per diluted share, for the quarter (compared to $32.9 million, $0.65 per diluted share, prior year).
-   Nine months ended June 30, 2026 — revenue: $1,054.3 million; net income attributable to Forestar: $83.5 million, or $1.63 per diluted share.
-   Balance sheet: cash and cash equivalents $394.9 million; total liquidity $1.1 billion; debt $793.8 million; net debt to total capital ratio 17.7%.

**Business Highlights**

-   Lots sold: 3,659 lots in Q3 (up 1% vs. prior year quarter); 8,541 lots for the nine months (down 9% vs. prior year nine months).
-   Lot channel mix: Q3 included 289 lots sold to customers other than D.R. Horton versus 530 in prior year quarter; prior-year included lots sold to a lot banker expected to resell to D.R. Horton.
-   Lot position: owned and controlled 91,700 lots at June 30, 2026 (62,200 owned; 29,500 controlled through contracts).
-   Contracted future revenue: 23,500 owned lots under contract representing approximately $2.3 billion of future revenue; an additional 19,200 owned lots subject to right of first offer to D.R. Horton.
-   Operational development: owned lots fully developed totaled 9,600 at quarter end; Forestar operates in 65 markets across 24 states and delivered more than 13,400 lots in the trailing twelve months ended June 30, 2026.

Original SEC Filing: Forestar Group Inc. \[ FOR \] - 8-K - Jul. 21, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**