v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Contract land deposits, net $ 927,380 $ 851,458
Total assets 5,470,620 5,856,930
Inventory:    
Land under development 21,067  
LIABILITIES AND SHAREHOLDERS' EQUITY    
Total liabilities 2,079,424 1,992,061
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, 2026 and December 31, 2025 206 206
Additional paid-in capital 3,223,670 3,155,367
Deferred compensation trust – 106,697 shares of NVR, Inc. common stock as of both June 30, 2026 and December 31, 2025 (16,710) (16,710)
Deferred compensation liability 16,710 16,710
Retained earnings 16,821,586 16,386,769
Less treasury stock at cost – 17,877,177 and 17,755,943 shares as of June 30, 2026 and December 31, 2025, respectively (16,654,266) (15,677,473)
Total shareholders' equity 3,391,196 3,864,869
Total liabilities and shareholders' equity 5,470,620 5,856,930
Mortgage Banking    
ASSETS    
Cash and cash equivalents 50,938 32,642
Restricted cash 8,023 6,047
Mortgage loans held for sale, net 396,678 571,596
Property, plant and equipment, net 7,723 7,727
Operating lease right-of-use assets 22,538 23,953
Other assets 75,807 125,402
Total assets 561,707 767,367
LIABILITIES AND SHAREHOLDERS' EQUITY    
Operating lease liabilities 24,593 26,144
Accounts payable and other liabilities 46,849 53,738
Total liabilities 71,442 79,882
Home Building Segment    
ASSETS    
Cash and cash equivalents 1,093,736 1,883,844
Restricted cash 44,562 34,348
Receivables 49,642 32,742
Contract land deposits, net 927,380 851,458
Property, plant and equipment, net 99,248 103,770
Operating lease right-of-use assets 110,893 110,535
Other assets 348,163 349,306
Total assets 4,908,913 5,089,563
Inventory:    
Lots and housing units, covered under sales agreements with customers 1,877,430 1,410,695
Unsold lots and housing units 307,698 252,029
Land under development 21,067 39,312
Building materials and other 29,094 21,524
Total Inventory 2,235,289 1,723,560
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 375,478 259,244
Accrued expenses and other liabilities 311,697 376,976
Customer deposits 294,698 249,210
Operating lease liabilities 117,947 117,589
Senior notes 908,162 909,160
Total liabilities $ 2,007,982 $ 1,912,179