HOVNANIAN ENTERPRISES INC
For the period ended Oct 31, 2025. Filed Dec 22, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Dec 22, 2025
HOV$99.70-5.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at October 31, 2025 and 2024
CONSOLIDATED BALANCE SHEETS
| October 31, | October 31, | |
|---|---|---|
| (In thousands, except per share data) | 2025 | 2024 |
| ASSETS | ||
| Homebuilding: | ||
| Cash and cash equivalents | $272,772 | $209,976 |
| Restricted cash and cash equivalents | 12,608 | 7,875 |
| Inventories: | ||
| Sold and unsold homes and lots under development | 1,132,798 | 1,195,318 |
| Land and land options held for future development or sale | 171,793 | 238,499 |
| Consolidated inventory not owned | 332,879 | 210,987 |
| Total inventories | 1,637,470 | 1,644,804 |
| Investments in and advances to unconsolidated joint ventures | 163,469 | 142,910 |
| Receivables, deposits and notes, net | 26,454 | 29,400 |
| Property and equipment, net | 50,539 | 43,431 |
| Prepaid expenses and other assets | 89,773 | 82,525 |
| Total homebuilding | 2,253,085 | 2,160,921 |
| Financial services | 151,211 | 203,589 |
| Deferred tax assets, net | 229,617 | 241,064 |
| Total assets | $2,633,913 | $2,605,574 |
| LIABILITIES AND EQUITY | ||
| Homebuilding: | ||
| Nonrecourse mortgages secured by inventory, net of debt issuance costs | $29,494 | $90,675 |
| Accounts payable and other liabilities | 438,698 | 433,273 |
| Customers’ deposits | 46,376 | 41,639 |
| Liabilities from inventory not owned, net of debt issuance costs | 244,723 | 140,298 |
| Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) | 900,718 | 896,218 |
| Accrued interest | 11,874 | 14,508 |
| Total homebuilding | 1,671,883 | 1,616,611 |
| Financial services | 130,873 | 183,135 |
| Income taxes payable | 222 | 5,479 |
| Total liabilities | 1,802,978 | 1,805,225 |
| Equity: | ||
| Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at October 31, 2025 and October 31, 2024 | 135,299 | 135,299 |
| Common stock, Class A, $0.01 par value - authorized 16,000,000 shares; issued 6,503,722 shares at October 31, 2025 and 6,415,794 shares at October 31, 2024 | 65 | 64 |
| Common stock, Class B, $0.01 par value (convertible to Class A at time of sale) - authorized 2,400,000 shares; issued 812,410 shares at October 31, 2025 and 757,023 shares at October 31, 2024 | 8 | 8 |
| Paid in capital - common stock | 757,391 | 749,752 |
| Retained earnings | 127,326 | 74,136 |
| Treasury stock - at cost – 1,348,087 shares of Class A common stock at October 31, 2025 and 1,090,179 shares at October 31, 2024; 27,669 shares of Class B common stock at October 31, 2025 and October 31, 2024 | (189,154) | (158,910) |
| Total equity | 830,935 | 800,349 |
| Total liabilities and equity | $2,633,913 | $2,605,574 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.