NVR INC

For the period ended Jun 30, 2025. Filed Aug 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 6, 2025

NVR$6,036.42-4.8%Stored close · as of Nov 10, 2026

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Contents

Item 1. Condensed Consolidated Statements of Income (unaudited)

NVR, Inc.
Condensed Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)
	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Homebuilding:
Revenues	$2,548,267	$2,547,891	$4,898,712	$4,834,068
Other income	25,088	36,184	51,800	77,050
Cost of sales	(1,999,983)	(1,947,616)	(3,835,358)	(3,673,829)
Selling, general and administrative	(149,170)	(141,213)	(314,287)	(293,716)
Interest expense	(6,685)	(6,710)	(13,866)	(13,359)
Homebuilding income	417,517	488,536	787,001	930,214
Mortgage Banking:
Mortgage banking fees	50,547	64,566	103,134	111,852
Interest income	4,493	4,672	8,299	8,764
Other income	1,301	1,333	2,394	2,504
General and administrative	(26,425)	(25,351)	(51,118)	(48,709)
Interest expense	(300)	(188)	(573)	(365)
Mortgage banking income	29,616	45,032	62,136	74,046
Income before taxes	447,133	533,568	849,137	1,004,260
Income tax expense	(113,396)	(132,664)	(215,824)	(209,087)
Net income	$333,737	$400,904	$633,313	$795,173
Basic earnings per share	$114.52	$128.21	$214.78	$251.94
Diluted earnings per share	$108.54	$120.69	$203.20	$237.05
Basic weighted average shares outstanding	2,914	3,127	2,949	3,156
Diluted weighted average shares outstanding	3,075	3,322	3,117	3,355

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.