NVR INC

For the period ended Sep 30, 2025. Filed Nov 5, 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.

Sep 30, 2025 · Filed Nov 5, 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 September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Homebuilding:
Revenues	$2,560,343	$2,677,640	$7,459,055	$7,511,708
Other income	22,000	33,746	73,800	110,796
Cost of sales	(2,021,398)	(2,051,087)	(5,856,756)	(5,724,916)
Selling, general and administrative	(142,736)	(149,777)	(457,023)	(443,493)
Interest expense	(6,855)	(6,855)	(20,721)	(20,214)
Homebuilding income	411,354	503,667	1,198,355	1,433,881
Mortgage Banking:
Mortgage banking fees	49,162	55,311	152,296	167,163
Interest income	4,881	4,728	13,180	13,492
Other income	1,400	1,414	3,794	3,918
General and administrative	(22,397)	(26,317)	(73,515)	(75,026)
Interest expense	(327)	(191)	(900)	(556)
Mortgage banking income	32,719	34,945	94,855	108,991
Income before taxes	444,073	538,612	1,293,210	1,542,872
Income tax expense	(101,385)	(109,289)	(317,209)	(318,376)
Net income	$342,688	$429,323	$976,001	$1,224,496
Basic earnings per share	$119.26	$139.65	$333.86	$391.37
Diluted earnings per share	$112.33	$130.50	$315.33	$367.20
Basic weighted average shares outstanding	2,874	3,074	2,923	3,129
Diluted weighted average shares outstanding	3,051	3,290	3,095	3,335

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.