v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Contract land deposits, net $ 837,845 $ 726,675
Total assets 5,939,339 6,380,988
Inventory:    
Land under development 39,450  
LIABILITIES AND SHAREHOLDERS' EQUITY    
Total liabilities 2,094,208 2,170,916
Commitments and contingencies
Shareholders' equity:    
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares issued as of both June 30, 2025 and December 31, 2024 206 206
Additional paid-in capital 3,085,904 3,031,637
Deferred compensation trust – 106,697 shares of NVR, Inc. common stock as of both June 30, 2025 and December 31, 2024 (16,710) (16,710)
Deferred compensation liability 16,710 16,710
Retained earnings 15,680,266 15,046,953
Less treasury stock at cost – 17,672,115 and 17,543,686 shares as of June 30, 2025 and December 31, 2024, respectively (14,921,245) (13,868,724)
Total shareholders' equity 3,845,131 4,210,072
Total liabilities and shareholders' equity 5,939,339 6,380,988
Mortgage Banking    
ASSETS    
Cash and cash equivalents 39,307 49,636
Restricted cash 10,513 11,520
Mortgage loans held for sale, net 415,974 355,209
Property, plant and equipment, net 8,053 7,373
Operating lease right-of-use assets 24,515 23,482
Goodwill 7,347 7,347
Other assets 80,220 38,189
Total assets 585,929 492,756
LIABILITIES AND SHAREHOLDERS' EQUITY    
Operating lease liabilities 26,588 25,428
Accounts payable and other liabilities 68,785 53,433
Total liabilities 95,373 78,861
Home Building Segment    
ASSETS    
Cash and cash equivalents 1,726,865 2,561,339
Restricted cash 53,240 42,172
Receivables 41,496 32,622
Contract land deposits, net 837,845 726,675
Property, plant and equipment, net 100,280 95,619
Operating lease right-of-use assets 86,206 78,340
Goodwill 41,580 41,580
Other assets 295,858 251,178
Total assets 5,353,410 5,888,232
Inventory:    
Lots and housing units, covered under sales agreements with customers 1,797,104 1,727,243
Unsold lots and housing units 304,743 237,177
Land under development 39,450 65,394
Building materials and other 28,743 28,893
Total Inventory 2,170,040 2,058,707
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 367,929 332,772
Accrued expenses and other liabilities 333,456 441,300
Customer deposits 295,145 322,926
Operating lease liabilities 92,160 83,939
Senior notes 910,145 911,118
Total liabilities $ 1,998,835 $ 2,092,055