Nvr Inc

Company facts

Industry

Operative Builders

Headquarters

Reston, Virginia

Most recent report

10-Q, filed Aug 5, 2026

Incorporated

Virginia

Filings on record

1,000+ filings

On EDGAR

CIK 906163

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 2 positive, 2 notable, and 5 negative flags.

• Financial Statements (Item 1)

  Core financial data: revenues down 10.5%, net income down 29% in Q2 2026.
  Notable

  • Repurchase agreement extended to July 8, 2027, providing stable mortgage funding.
  Negative

  • Lot deposit impairments rose to $30.6M in H1 2026 from $21.3M.

• Management's Discussion (Item 2)

  Core MD&A with detailed financial results, segment data, and liquidity, all critical for understanding performance.
  Positive

  • New orders rose 9% in Q2 2026 vs Q2 2025; cancellation rate improved to 14.9% from 16.5%.
  • Cash and equivalents $1.1B; no revolver borrowings; $287M unused credit facility, $150M unused mortgage facility.
  Notable

  • NVR repurchased 144,896 shares for $989,733 in H1 2026; $1.06B remaining authorization.
  Negative

  • Revenues down 10% and net income down 29% in Q2 2026 vs Q2 2025.
  • Gross profit margin fell to 19.2% in Q2 2026 from 21.5% in Q2 2025.
  • Contract land deposit impairments grew to $21,700 in Q2 2026 from $13,200 in Q2 2025.
  • All four segments saw profit drops: Mid Atlantic down 45%, North East 33%, Mid East 5%, South East 7% in Q2 2026.

What changed: Jun 2026 vs. Mar 2026

About 16% of NVR's Jun 2026 10-Q is new information. 48 paragraphs were added, 121 changed, and 30 removed. Below are the most important lines SECSift identified.

• Item 2 64
• Item 1 51
• Item 6 6
• Item 3 1
• Item 5 1