NVR, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 4, 2026, disclosing third-quarter and nine-month financial results for its homebuilding and mortgage banking operations.

Key Highlights

  • Quarterly net income: NVR reported net income of $248,605 thousand for the three months ended September 30, 2026, compared to $342,688 thousand in the same period of 2025, according to the filing.
  • Diluted EPS, Q3: Diluted earnings per share for the quarter were $89.45, based on a diluted weighted average share count of 2,779 thousand shares.
  • Homebuilding revenues: Homebuilding revenues for the three months ended September 30, 2026 were $2,349,284 thousand, down from $2,560,343 thousand in Q3 2025.
  • Nine-month net income: For the nine months ended September 30, 2026, net income was $683,422 thousand, compared to $976,001 thousand for the same period in 2025.
  • Treasury stock activity: The company used $1,242,774 thousand to purchase treasury stock during the nine months ended September 30, 2026, the filing stated.
  • Shares outstanding: As of October 31, 2026, there were 2,645,788 shares of common stock outstanding.
  • Total assets: Total assets were $5,565,950 thousand as of September 30, 2026, compared to $5,856,930 thousand as of December 31, 2025.

NVR's Third-Quarter 2026 Homebuilding and Mortgage Banking Results

NVR, Inc. (NYSE:NVR), a Virginia-incorporated homebuilder and mortgage banking company, reported that homebuilding income for the three months ended September 30, 2026 was $299,716 thousand, compared to $411,354 thousand in Q3 2025. Homebuilding revenues declined from $2,560,343 thousand to $2,349,284 thousand over the same comparison. Cost of sales for the homebuilding segment was $1,920,068 thousand in Q3 2026, against $2,021,398 thousand in Q3 2025, according to the condensed consolidated statements of income included in the filing.

The company's mortgage banking segment contributed $34,972 thousand in income for Q3 2026, up from $32,719 thousand in the prior-year quarter. Mortgage banking fees were $53,146 thousand for the three months ended September 30, 2026, compared to $49,162 thousand a year earlier. For the full nine-month period, mortgage banking fees were $145,915 thousand, versus $152,296 thousand in the nine months ended September 30, 2025, the filing disclosed.

On the balance sheet, inventory totaled $2,372,787 thousand as of September 30, 2026, rising from $1,723,560 thousand at December 31, 2025. The filing reported that cash and cash equivalents in the homebuilding segment fell to $1,091,315 thousand from $1,883,844 thousand at year-end 2025. Net cash provided by operating activities for the nine months ended September 30, 2026 was $412,096 thousand, compared to $681,592 thousand for the same period in 2025. The company received $68,555 thousand in proceeds from the exercise of stock options during the nine-month period, according to the cash flow statement.

What Was Disclosed

NVR, Inc. disclosed quarterly and year-to-date income statements, a balance sheet as of September 30, 2026, and a cash flow statement for the nine months ended September 30, 2026, covering results from its homebuilding and mortgage banking business segments.