---
schema_version: "secwatch.filing_event.v1"
accession: "0000906163-25-000050"
form_type: "8-K"
ticker: "NVR"
cik: "0000906163"
company_name: "NVR INC"
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:51:53.876728+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NVR Q1 net income $299.6M, EPS $94.83, both down sharply; new orders -12%, margin 21.9%

## Summary
- Net income $299.6M vs $394.3M YoY; diluted EPS $94.83 vs $116.41, declines of 24% and 19%.
- Consolidated revenue $2.40B (+3%); homebuilding revenue $2.35B (+3%).
- New orders 5,345 units (-12%); avg sales price $448,500 (-1%); cancellation rate 16% vs 13%.
- Homebuilding gross margin 21.9% (down from 24.5%) due to higher lot costs and pricing pressure.
- Mortgage banking income before tax $32.5M (+12%); effective tax rate 25.5% vs 16.2%.

## SEC filing metadata
- accession: 0000906163-25-000050
- form_type: 8-K
- ticker: NVR
- cik: 0000906163
- company_name: NVR INC
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906163/000090616325000050/0000906163-25-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906163/000090616325000050/nvr-20250422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000906163-25-000050
- JSON: https://secwatch.observer/filing/0000906163-25-000050.json
- Plain text: https://secwatch.observer/filing/0000906163-25-000050.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.