v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Inventory:    
Land under development $ 39,312 $ 65,394
Contract land deposits, net 851,458 726,675
Total assets 5,856,930 6,380,988
LIABILITIES AND SHAREHOLDERS' EQUITY    
Operating lease liabilities 143,733  
Total liabilities 1,992,061 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 December 31, 2025 and December 31, 2024 206 206
Additional paid-in capital 3,155,367 3,031,637
Deferred compensation trust – 106,697 shares of NVR, Inc. common stock as of both December 31, 2025 and December 31, 2024 (16,710) (16,710)
Deferred compensation liability 16,710 16,710
Retained earnings 16,386,769 15,046,953
Less treasury stock at cost – 17,755,943 and 17,543,686 shares as of December 31, 2025 and December 31, 2024, respectively (15,677,473) (13,868,724)
Total shareholders' equity 3,864,869 4,210,072
Total liabilities and shareholders' equity 5,856,930 6,380,988
Home Building    
ASSETS    
Cash and cash equivalents 1,883,844 2,561,339
Restricted cash 34,348 42,172
Receivables 32,742 32,622
Inventory:    
Lots and housing units covered under sales agreements with customers 1,410,695 1,727,243
Unsold lots and housing units 252,029 237,177
Land under development 39,312 65,394
Building materials and other 21,524 28,893
Total Inventory 1,723,560 2,058,707
Contract land deposits, net 851,458 726,675
Property, plant and equipment, net 103,770 95,619
Operating lease right-of-use assets 110,535 78,340
Deferred tax assets, net 143,666 142,192
Other assets 205,640 150,566
Total assets 5,089,563 5,888,232
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 259,244 332,772
Accrued expenses and other liabilities 376,976 441,300
Customer deposits 249,210 322,926
Operating lease liabilities 117,589 83,939
Senior notes 909,160 911,118
Total liabilities 1,912,179 2,092,055
Mortgage Banking    
ASSETS    
Cash and cash equivalents 32,642 49,636
Restricted cash 6,047 11,520
Inventory:    
Property, plant and equipment, net 7,727 7,373
Operating lease right-of-use assets 23,953 23,482
Mortgage loans held for sale, net 571,596 355,209
Other assets 125,402 45,536
Total assets 767,367 492,756
LIABILITIES AND SHAREHOLDERS' EQUITY    
Operating lease liabilities 26,144 25,428
Accounts payable and other liabilities 53,738 53,433
Total liabilities $ 79,882 $ 78,861