NVR INC

NVR 10-Q · Q2 2025

NVR Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 2,598,814 2,612,457 -0.5%
Show Business Segments breakouts
Home Building Segment 2,548,267 2,547,891 0.0%
Home Building Segment · Mid Atlantic 1,128,874 1,133,685 -0.4%
Home Building Segment · Mid East 449,953 433,996 +3.7%
Home Building Segment · North East 308,929 287,334 +7.5%
Home Building Segment · South East 660,511 692,876 -4.7%
Mortgage Banking 50,547 64,566 -21.7%
Interest And Fee Income Loans Held For Sale Mortgages (Q)
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Mortgage Banking 4,493 4,672 -3.8%
Other Income (Q)
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Home Building Segment 25,088 36,184 -30.7%
Mortgage Banking 1,301 1,333 -2.4%
Cost of Revenue (Q)
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Home Building Segment 1,999,983 1,947,616 +2.7%
Home Building Segment · Mid Atlantic 864,008 853,350 +1.2%
Home Building Segment · Mid East 355,647 339,517 +4.8%
Home Building Segment · North East 228,054 211,095 +8.0%
Home Building Segment · South East 537,049 539,006 -0.4%
Selling, General & Administrative (Q)
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Home Building Segment -149,170 -141,213 -5.6%
General & Administrative (Q)
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Mortgage Banking -26,425 -25,351 -4.2%
Interest Expense (Q)
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Home Building Segment -6,685 -6,710 +0.4%
Mortgage Banking -300 -188 -59.6%
Income Loss From Continuing Operations Before Income Taxes Domestic 447,133 533,568 -16.2%
Show Business Segments breakouts
Home Building Segment 417,517 488,536 -14.5%
Home Building Segment · Mid Atlantic 191,390 209,166 -8.5%
Home Building Segment · Mid East 61,729 63,588 -2.9%
Home Building Segment · North East 57,964 54,372 +6.6%
Home Building Segment · South East 51,518 94,442 -45.5%
Mortgage Banking 29,616 45,032 -34.2%
Mortgage Banking · Operating Segments 30,825 46,234 -33.3%
Show Consolidation Items breakouts
Corporate and Reconciling Items 53,707 65,766 -18.3%
Operating Segments 393,426 467,802 -15.9%
Income Tax Expense (Benefit) -113,396 -132,664 +14.5%
Net Income 333,737 400,904 -16.8%
Show Equity Components breakouts
Retained Earnings 333,737 400,904 -16.8%
EPS (Basic) 114.52 128.21 -10.7%
EPS (Diluted) 108.54 120.69 -10.1%
Wtd Avg Shares (Basic) 2,914 3,127 -6.8%
Wtd Avg Shares (Diluted) 3,075 3,322 -7.4%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents (Q)
Show Business Segments breakouts
Home Building Segment 1,726,865 2,438,473 -29.2%
Mortgage Banking 39,307 31,123 +26.3%
Non-Current Assets
Property, Plant & Equipment (Q)
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Home Building Segment 100,280 79,057 +26.8%
Mortgage Banking 8,053 7,069 +13.9%
Operating Lease Right-of-Use Assets (Q)
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Home Building Segment 86,206 73,345 +17.5%
Mortgage Banking 24,515 20,758 +18.1%
Goodwill (Q)
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Home Building Segment 41,580 41,580 0.0%
Mortgage Banking 7,347 7,347 0.0%
Total Assets 5,939,339 6,407,288 -7.3%
Show Business Segments breakouts
Home Building Segment 5,353,410 5,863,096 -8.7%
Home Building Segment · Mid Atlantic 1,345,411 1,349,090 -0.3%
Home Building Segment · Mid East 463,236 433,214 +6.9%
Home Building Segment · North East 406,587 375,447 +8.3%
Home Building Segment · South East 1,081,976 944,560 +14.5%
Mortgage Banking 585,929 544,192 +7.7%
Mortgage Banking · Operating Segments 578,582 536,845 +7.8%
Show Consolidation Items breakouts
Material Reconciling Items 2,063,547 2,768,132 -25.5%
Operating Segments 3,875,792 3,639,156 +6.5%
Deferred Tax Assets (Q)
Show Consolidation Items breakouts
Material Reconciling Items 150,678 152,359 -1.1%
Other Assets
Restricted Cash And Cash Equivalents (Q)
Show Business Segments breakouts
Home Building Segment 53,240 46,218 +15.2%
Mortgage Banking 10,513 13,132 -19.9%
Loans Receivable Held For Sale Net Not Part Of Disposal Group (Q)
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Mortgage Banking 415,974 392,943 +5.9%
Accounts Receivable Net (Q)
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Home Building Segment 41,496 35,491 +16.9%
Deposits Assets 837,845 646,341 +29.6%
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Home Building Segment 837,845 646,341 +29.6%
Other Assets (Q)
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Home Building Segment 295,858 258,172 +14.6%
Mortgage Banking 80,220 71,820 +11.7%
Inventory Real Estate Land And Land Development Costs 39,450 61,512 -35.9%
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Home Building Segment 39,450 61,512 -35.9%
Real Estate Inventory Construction Materials (Q)
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Home Building Segment 28,743 26,137 +10.0%
Building Inventory (Q)
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Home Building Segment 2,170,040 2,244,419 -3.3%
Non-Current Liabilities
Accounts Payable Current And Noncurrent (Q)
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Home Building Segment 367,929 421,457 -12.7%
Accrued Liabilities Current And Noncurrent (Q)
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Home Building Segment 333,456 405,338 -17.7%
Total Liabilities 2,094,208 2,273,380 -7.9%
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Home Building Segment 1,998,835 2,186,710 -8.6%
Mortgage Banking 95,373 86,670 +10.0%
Other Liabilities
Contract With Customer Liability (Q)
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Home Building Segment 295,145 369,274 -20.1%
Operating Lease Liability (Q)
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Home Building Segment 92,160 78,563 +17.3%
Mortgage Banking 26,588 22,710 +17.1%
Senior Notes (Q)
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Home Building Segment 910,145 912,078 -0.2%
Home Building Segment · Senior Notes due 2030 910,145 912,078 -0.2%
Accounts Payable And Other Accrued Liabilities (Q)
Show Business Segments breakouts
Mortgage Banking 68,785 63,960 +7.5%
Stockholders' Equity
Common Stock 206 206 0.0%
Additional Paid In Capital Common Stock 3,085,904 2,935,053 +5.1%
Common Stock Shares Held In Employee Trust -16,710 -16,710 0.0%
Deferred Compensation Liability Current And Noncurrent 16,710 16,710 0.0%
Retained Earnings 15,680,266 14,160,198 +10.7%
Treasury Stock Common Value -14,921,245 -12,961,549 -15.1%
Total Stockholders' Equity 3,845,131 4,133,908 -7.0%
Show Equity Components breakouts
Additional Paid In Capital 3,085,904 2,935,053 +5.1%
Common Stock 206 206 0.0%
Deferred Compensation Liability 16,710 16,710 0.0%
Deferred Compensation Trust -16,710 -16,710 0.0%
Retained Earnings 15,680,266 14,160,198 +10.7%
Treasury Stock Common -14,921,245 -12,961,549 -15.1%
Total Liabilities & Equity 5,939,339 6,407,288 -7.3%
Lots And Housing Units Covered Under Sales Agreements With Customers (Q)
Show Business Segments breakouts
Home Building Segment 1,797,104 1,927,451 -6.8%
Unsold Lots And Housing Units (Q)
Show Business Segments breakouts
Home Building Segment 304,743 229,319 +32.9%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization 11,471 8,737 +31.3%
Stock-Based Compensation 36,339 35,242 +3.1%
Show Consolidation Items breakouts
Material Reconciling Items 36,339 35,242 +3.1%
Contract Land Deposit Impairment Charges Net Of Recoveries 21,270 -8,791 +342.0%
Gain Loss On Sale Of Mortgage Loans -83,165 -91,861 +9.5%
Payments For Origination Of Mortgage Loans Held For Sale -2,990,585 -2,910,238 -2.8%
Proceeds From Sale Of Mortgage Loans Held For Sale 2,991,852 2,834,526 +5.6%
Change in Inventory -111,333 -294,269 +62.2%
Increase Decrease In Deposits Outstanding -132,440 -60,999 -117.1%
Increase Decrease In Receivables -16,872 49,473 -134.1%
Increase Decrease In Accounts Payable And Accrued Liabilities -79,234 -5,072 -1462.2%
Change in Deferred Revenue -27,781 34,833 -179.8%
Other Operating Activities Cash Flow Statement -9,949 -9,104 -9.3%
Net Cash from Operations 242,886 379,150 -35.9%
Investing Activities
Payments To Acquire Interest In Joint Venture -35,350 -899 -3832.1%
Capital Expenditures -15,362 -15,411 +0.3%
Proceeds From Sale Of Property Plant And Equipment 448 2,450 -81.7%
Net Cash from Investing -50,264 -11,145 -351.0%
Financing Activities
Share Repurchases -1,054,807 -1,135,912 +7.1%
Finance Lease Principal Payments -2,219 -1,055 -110.3%
Proceeds From Stock Options Exercised 29,662 82,464 -64.0%
Net Cash from Financing -1,027,364 -1,054,503 +2.6%
Supplemental
Interest Paid 14,746 14,424 +2.2%
Income Taxes Paid 247,220 164,007 +50.7%
Other Cash Flow
Net Change in Cash -834,742 -686,498 -21.6%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,829,925 2,528,946 -27.6%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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