NVR INC

NVR 10-Q · Q3 2025

NVR Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Revenue 2,609,505 2,732,951 -4.5%
Show Business Segments breakouts
Home Building Segment 2,560,343 2,677,640 -4.4%
Home Building Segment · Mid Atlantic 1,039,957 1,147,893 -9.4%
Home Building Segment · Mid East 508,798 501,190 +1.5%
Home Building Segment · North East 291,753 300,448 -2.9%
Home Building Segment · South East 719,835 728,109 -1.1%
Mortgage Banking 49,162 55,311 -11.1%
Interest And Fee Income Loans Held For Sale Mortgages (Q)
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Mortgage Banking 4,881 4,728 +3.2%
Other Income (Q)
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Home Building Segment 22,000 33,746 -34.8%
Mortgage Banking 1,400 1,414 -1.0%
Cost of Revenue (Q)
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Home Building Segment 2,021,398 2,051,087 -1.4%
Home Building Segment · Mid Atlantic 796,238 859,762 -7.4%
Home Building Segment · Mid East 398,371 387,102 +2.9%
Home Building Segment · North East 215,063 222,197 -3.2%
Home Building Segment · South East 590,149 568,679 +3.8%
Selling, General & Administrative (Q)
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Home Building Segment -142,736 -149,777 +4.7%
General & Administrative (Q)
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Mortgage Banking -22,397 -26,317 +14.9%
Interest Expense (Q)
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Home Building Segment -6,855 -6,855 0.0%
Mortgage Banking -327 -191 -71.2%
Income Loss From Continuing Operations Before Income Taxes Domestic 444,073 538,612 -17.6%
Show Business Segments breakouts
Home Building Segment 411,354 503,667 -18.3%
Home Building Segment · Mid Atlantic 168,141 214,132 -21.5%
Home Building Segment · Mid East 76,431 81,385 -6.1%
Home Building Segment · North East 51,964 56,246 -7.6%
Home Building Segment · South East 56,872 95,089 -40.2%
Mortgage Banking 32,719 34,945 -6.4%
Mortgage Banking · Operating Segments 33,206 36,156 -8.2%
Show Consolidation Items breakouts
Corporate and Reconciling Items 57,459 55,604 +3.3%
Operating Segments 386,614 483,008 -20.0%
Income Tax Expense (Benefit) -101,385 -109,289 +7.2%
Net Income 342,688 429,323 -20.2%
Show Equity Components breakouts
Retained Earnings 342,688 429,323 -20.2%
EPS (Basic) 119.26 139.65 -14.6%
EPS (Diluted) 112.33 130.5 -13.9%
Wtd Avg Shares (Basic) 2,874 3,074 -6.5%
Wtd Avg Shares (Diluted) 3,051 3,290 -7.3%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents (Q)
Show Business Segments breakouts
Home Building Segment 1,932,167 2,474,219 -21.9%
Mortgage Banking 39,280 36,727 +7.0%
Non-Current Assets
Property, Plant & Equipment (Q)
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Home Building Segment 102,479 85,998 +19.2%
Mortgage Banking 8,081 7,086 +14.0%
Operating Lease Right-of-Use Assets (Q)
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Home Building Segment 87,116 74,415 +17.1%
Mortgage Banking 25,252 21,499 +17.5%
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 6,035,458 6,488,159 -7.0%
Show Business Segments breakouts
Home Building Segment 5,540,234 5,935,109 -6.7%
Home Building Segment · Mid Atlantic 1,374,865 1,337,734 +2.8%
Home Building Segment · Mid East 442,667 437,193 +1.3%
Home Building Segment · North East 414,759 376,051 +10.3%
Home Building Segment · South East 1,068,526 992,687 +7.6%
Mortgage Banking 495,224 553,050 -10.5%
Mortgage Banking · Operating Segments 487,877 545,703 -10.6%
Show Consolidation Items breakouts
Material Reconciling Items 2,246,764 2,798,791 -19.7%
Operating Segments 3,788,694 3,689,368 +2.7%
Deferred Tax Assets (Q)
Show Consolidation Items breakouts
Material Reconciling Items 150,262 151,699 -0.9%
Other Assets
Restricted Cash And Cash Equivalents (Q)
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Home Building Segment 44,034 46,474 -5.3%
Mortgage Banking 8,123 11,247 -27.8%
Loans Receivable Held For Sale Net Not Part Of Disposal Group (Q)
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Mortgage Banking 341,579 379,232 -9.9%
Accounts Receivable Net (Q)
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Home Building Segment 41,377 35,563 +16.3%
Deposits Assets 868,308 668,436 +29.9%
Show Business Segments breakouts
Home Building Segment 868,308 668,436 +29.9%
Other Assets (Q)
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Home Building Segment 291,748 251,027 +16.2%
Mortgage Banking 65,562 89,912 -27.1%
Inventory Real Estate Land And Land Development Costs 38,017 63,339 -40.0%
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Home Building Segment 38,017 63,339 -40.0%
Real Estate Inventory Construction Materials (Q)
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Home Building Segment 20,531 23,697 -13.4%
Building Inventory (Q)
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Home Building Segment 2,131,425 2,257,397 -5.6%
Non-Current Liabilities
Accounts Payable Current And Noncurrent (Q)
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Home Building Segment 361,209 370,131 -2.4%
Accrued Liabilities Current And Noncurrent (Q)
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Home Building Segment 344,658 406,319 -15.2%
Total Liabilities 2,068,696 2,216,911 -6.7%
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Home Building Segment 1,986,063 2,126,454 -6.6%
Mortgage Banking 82,633 90,457 -8.6%
Other Liabilities
Contract With Customer Liability (Q)
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Home Building Segment 277,351 358,609 -22.7%
Operating Lease Liability (Q)
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Home Building Segment 93,191 79,796 +16.8%
Mortgage Banking 27,384 23,428 +16.9%
Senior Notes (Q)
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Home Building Segment 909,654 911,599 -0.2%
Home Building Segment · Senior Notes due 2030 909,654 911,599 -0.2%
Accounts Payable And Other Accrued Liabilities (Q)
Show Business Segments breakouts
Mortgage Banking 55,249 67,029 -17.6%
Stockholders' Equity
Common Stock 206 206 0.0%
Additional Paid In Capital Common Stock 3,131,980 2,989,776 +4.8%
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 16,022,954 14,589,521 +9.8%
Treasury Stock Common Value -15,188,378 -13,308,255 -14.1%
Total Stockholders' Equity 3,966,762 4,271,248 -7.1%
Show Equity Components breakouts
Additional Paid In Capital 3,131,980 2,989,776 +4.8%
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 16,022,954 14,589,521 +9.8%
Treasury Stock Common -15,188,378 -13,308,255 -14.1%
Total Liabilities & Equity 6,035,458 6,488,159 -7.0%
Lots And Housing Units Covered Under Sales Agreements With Customers (Q)
Show Business Segments breakouts
Home Building Segment 1,758,906 1,946,533 -9.6%
Unsold Lots And Housing Units (Q)
Show Business Segments breakouts
Home Building Segment 313,971 223,828 +40.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Depreciation & Amortization 17,567 13,422 +30.9%
Stock-Based Compensation 53,695 54,465 -1.4%
Show Consolidation Items breakouts
Material Reconciling Items 53,695 54,465 -1.4%
Contract Land Deposit Impairment Charges Net Of Recoveries 40,138 -4,868 +924.5%
Gain Loss On Sale Of Mortgage Loans -121,975 -135,799 +10.2%
Payments For Origination Of Mortgage Loans Held For Sale -4,532,399 -4,568,806 +0.8%
Proceeds From Sale Of Mortgage Loans Held For Sale 4,646,571 4,538,919 +2.4%
Change in Inventory -72,718 -307,247 +76.3%
Increase Decrease In Deposits Outstanding -181,771 -87,017 -108.9%
Increase Decrease In Receivables -10,899 46,993 -123.2%
Increase Decrease In Accounts Payable And Accrued Liabilities -81,116 -59,417 -36.5%
Change in Deferred Revenue -45,575 24,168 -288.6%
Other Operating Activities Cash Flow Statement -5,927 -3,397 -74.5%
Net Cash from Operations 681,592 737,412 -7.6%
Investing Activities
Payments To Acquire Interest In Joint Venture -37,281 -1,640 -2173.2%
Capital Expenditures -20,808 -23,621 +11.9%
Proceeds From Sale Of Property Plant And Equipment 715 2,749 -74.0%
Net Cash from Investing -57,374 -19,797 -189.8%
Financing Activities
Share Repurchases -1,331,212 -1,493,362 +10.9%
Finance Lease Principal Payments -3,412 -1,808 -88.7%
Proceeds From Stock Options Exercised 69,343 130,778 -47.0%
Net Cash from Financing -1,265,281 -1,364,392 +7.3%
Supplemental
Interest Paid 15,546 15,094 +3.0%
Income Taxes Paid 354,638 307,263 +15.4%
Other Cash Flow
Net Change in Cash -641,063 -646,777 +0.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,023,604 2,568,667 -21.2%

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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