Every material Form 8-K NVR filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NVR reported third-quarter 2026 net income of $248.6 million, or $89.45 per diluted share, down 27% and 20% respectively from the prior-year quarter. Consolidated revenue fell to $2.40 billion from $2.61 billion, and homebuilding gross profit margin declined to 18.3% from 21.0%, which the company attributed to higher lot costs, pricing pressure and $24.8 million in contract land deposit impairments.
Q3 2026 net income $248.6 million, down from $342.7 million; diluted EPS $89.45 versus $112.33
Q3 2026 consolidated revenue $2.40 billion versus $2.61 billion in Q3 2025
Q3 2026 new orders fell 7% to 4,391 units; cancellation rate rose to 21% from 19%
Nine-month net income $683.4 million, down 30%; company repurchased $237.2 million of shares in the quarter
NVR reported second-quarter 2026 net income of $236.5 million, or $83.96 per diluted share, down 29% and 23% from the same quarter of 2025. Consolidated revenue fell to $2.33 billion from $2.60 billion, and the homebuilding gross profit margin dropped to 19.2% from 21.5%. New orders rose 9%, but settlements fell 8%, and lower profit and margins weigh on shareholder returns.
Second-quarter net income was $236.5 million, or $83.96 per diluted share, versus $333.7 million, or $108.54 per diluted share, in 2025.
Consolidated revenue was $2.33 billion versus $2.60 billion a year earlier; homebuilding gross profit margin was 19.2% versus 21.5%.
New orders rose 9% to 5,885 units, while settlements fell 8% to 5,058 units; backlog reached 10,998 units as of June 30, 2026.
Six-month net income was $434.8 million, down 31%, and six-month diluted earnings per share were $151.38, down 26%.
On May 14, 2026, NVR's Compensation Committee approved stock option grants to four executive officers, with Chairman Paul Saville and CEO Eugene Bredow each receiving 5,238 options. Half of each award vests on December 31, 2028 based on continued employment, and the other half also depends on NVR's return on capital from 2026 through 2028. The grants are routine compensation actions tied partly to performance.
Grant date May 14, 2026; exercise price $5,720.10 per share, the prior day's closing price
Paul C. Saville (Executive Chairman) and Eugene J. Bredow (President and CEO) each received 5,238 options
Daniel D. Malzahn (CFO) received 2,670 options and Matthew B. Kelpy (Chief Accounting Officer) received 544 options
Performance-based half vests based on NVR return on capital during 2026 through 2028
NVR, Inc. reported first-quarter 2026 net income of $198.4 million, or $67.76 per diluted share, down 34% and 29% from a year earlier. Consolidated revenue fell 22% to $1.88 billion as home settlements declined, and homebuilding gross profit margin narrowed to 19.6%. For shareholders, the lower profit and margins outweigh the 7% rise in new orders.
Net income was $198.4 million, or $67.76 per diluted share, versus $299.6 million, or $94.83 per diluted share, in Q1 2025.
Consolidated revenue was $1.88 billion, down 22% from $2.40 billion; settlements fell 22% to 4,015 units.
New orders rose 7% to 5,738 units, while homebuilding gross profit margin fell to 19.6% from 21.9%.
NVR repurchased 90,180 shares for an aggregate cost of $632 million in the quarter.
NVR reported fourth-quarter 2025 net income of $363.8 million, or $121.54 per diluted share, down 20% and 13% from a year earlier, on revenue of $2.71 billion versus $2.85 billion. For the full year, net income was $1.34 billion, down 20%, and diluted earnings per share were $436.55, down 14%. Shareholders are affected because profit and per-share earnings declined in both periods, with lower gross margins and land deposit impairments cited as pressures.
Q4 2025 homebuilding gross profit margin was 20.4%, down from 23.6% in Q4 2024, with contract land deposit impairments of approximately $35.7 million
Full-year 2025 diluted EPS was $436.55 versus $506.69 in 2024; full-year revenue was $10.32 billion, down 2%
Q4 2025 new orders rose 3% to 4,951 units, while settlements fell 8% to 5,668 units
NVR repurchased 243,082 shares for $1.82 billion in 2025
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every NVR filing is on SEC EDGAR ↗. 8-K briefs of other companies →