INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT REPORTABLE SEGMENTS (Tables)

9 Months Ended

Jan. 31, 2026

INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT REPORTABLE SEGMENTS

Schedule of data for the industry segments in which the Company operated

Three months ended January 31, 2026. The following table sets forth summarized data for the reportable segments in which the Company operated for the three months ended January 31, 2026 (in thousands):

For the Three Months Ended	Land
January 31, 2026	Development		Homebuilding		Consolidated
Revenues	$	10,040	$	4,533	$	14,573
Cost of Revenues		5,270		3,366		8,636
General and administrative expenses		1,922		544		2,466
Segment profit		2,848		623		3,471
Interest income, net						393
Unallocated amounts:
Other corporate general and administrative expenses						(464)
Income before income taxes					$	3,400
Depreciation and amortization	$	83	$	8
Capital expenditures	$	—	$	18

Three months ended January 31, 2025. The following table sets forth summarized data for the reportable segments in which the Company operated for the three months ended January 31, 2025 (in thousands):

For the Three Months Ended	Land
January 31, 2025	Development		Homebuilding		Consolidated
Revenues	$	4,248	$	3,272	$	7,520
Cost of Revenues		2,734		2,479		5,213
General and administrative expenses		989		467		1,456
Segment profit		525		326		851
Interest income, net						410
Unallocated amounts:
Other corporate general and administrative expenses						(419)
Income before income taxes					$	842
Depreciation and amortization	$	54	$	3
Capital expenditures	$	24	$	2

Nine months ended January 31, 2026. The following table sets forth summarized data for the reportable segments in which the Company operated for the nine months ended January 31, 2026 (in thousands):

For the Nine Months Ended	Land
January 31, 2026	Development		Homebuilding		Consolidated
Revenues	$	22,681	$	19,142	$	41,823
Cost of Revenues		10,723		14,095		24,818
General and administrative expenses		3,952		1,471		5,423
Segment profit		8,006		3,576		11,582
Interest income, net						1,308
Unallocated amounts:
Other corporate general and administrative expenses						(1,310)
Income before income taxes					$	11,580
Depreciation and amortization	$	229	$	21
Capital expenditures	$	—	$	98
Segment assets as of January 31, 2026	$	120,418	$	22,586

Nine months ended January 31, 2025. The following table sets forth summarized data for the reportable segments in which the Company operated for the nine months ended January 31, 2025 (in thousands):

For the Nine Months Ended	Land
January 31, 2025	Development		Homebuilding		Consolidated
Revenues	$	23,324	$	15,187	$	38,511
Cost of Revenues		13,669		10,948		24,617
General and administrative expenses		2,884		1,274		4,158
Segment profit		6,771		2,965		9,736
Interest income, net						1,267
Unallocated amounts:
Other corporate general and administrative expenses						(1,168)
Income before income taxes					$	9,835
Depreciation and amortization	$	145	$	8
Capital expenditures	$	134	$	12
Segment assets as of January 31, 2025	$	102,219	$	18,514