AI English summary of an SEC filing — figures as filed
NVR NVRNVR said net income for Q2 2025 ended June 30 was $333.7 million, or $108.54 per diluted share, down 17% and 10%, respectively, from net income of $400.9 million in Q2 2024.
Key points
AI summaryNVR said net income for Q2 2025 ended June 30 was $333.7 million, or $108.54 per diluted share, down 17% and 10%, respectively, from net income of $400.9 million in Q2 2024.
The company said new orders in Q2 2025 decreased 11% to 5,379 units from 6,067 units in the prior-year quarter, and the cancellation rate was 17% compared to 13% in the prior-year quarter. As of June 30, backlog totaled 10,069 units and $4.75 billion.
NVR said homebuilding gross profit margin in Q2 2025 decreased to 21.5% from 23.6% in Q2 2024. The company cited higher lot costs, pricing pressure and contract land deposit impairments of approximately $13.2 million as factors that negatively impacted gross profit margin.
The company repurchased 65,834 shares for $471,413 in Q2 2025 and 142,954 shares for $1,054,807 in the first 6 months, with amounts in thousands of dollars. As of June 30, shares outstanding totaled 2,883,215.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q2 Net Income $333.7 million, Diluted EPS $108.54
NVR said net income for Q2 2025 ended June 30 was $333.7 million, or $108.54 per diluted share, down 17% and 10%, respectively, from net income of $400.9 million in Q2 2024.
Source · Based on the filing body and exhibits
Q2 New Orders 5,379 Units, Cancellation Rate 17%
The company said new orders in Q2 2025 decreased 11% to 5,379 units from 6,067 units in the prior-year quarter, and the cancellation rate was 17% compared to 13% in the prior-year quarter. As of June 30, backlog totaled 10,069 units and $4.75 billion.
Source · Based on the filing body and exhibits
Homebuilding Gross Profit Margin 21.5%, Prior-Year Quarter 23.6%
NVR said homebuilding gross profit margin in Q2 2025 decreased to 21.5% from 23.6% in Q2 2024. The company cited higher lot costs, pricing pressure and contract land deposit impairments of approximately $13.2 million as factors that negatively impacted gross profit margin.
Source · Based on the filing body and exhibits
Q2 Share Repurchases 65,834 Shares, First Half 142,954 Shares
The company repurchased 65,834 shares for $471,413 in Q2 2025 and 142,954 shares for $1,054,807 in the first 6 months, with amounts in thousands of dollars. As of June 30, shares outstanding totaled 2,883,215.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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