---
schema_version: "secwatch.filing_event.v1"
accession: "0000906163-25-000080"
form_type: "8-K"
ticker: "NVR"
cik: "0000906163"
company_name: "NVR INC"
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:57:59.482090+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NVR Q2 net income down 17% to $333.7M; orders fall 11% as affordability pressures mount

## Summary
- Diluted EPS $108.54 vs $120.69 YoY; net income $333.7M, down 17% from $400.9M.
- New orders 5,379 units (-11%); cancellation rate rose to 17% from 13%.
- Homebuilding gross margin 21.5% vs 23.6% on higher lot costs, pricing pressure, and $13.2M land deposit impairments.
- Mortgage banking pretax income $29.6M, down 34% due to lower secondary marketing gains.
- Backlog units down 13% to 10,069; backlog dollar value $4.75B.

## SEC filing metadata
- accession: 0000906163-25-000080
- form_type: 8-K
- ticker: NVR
- cik: 0000906163
- company_name: NVR INC
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906163/000090616325000080/0000906163-25-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906163/000090616325000080/nvr-20250723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000906163-25-000080
- JSON: https://secwatch.observer/filing/0000906163-25-000080.json
- Plain text: https://secwatch.observer/filing/0000906163-25-000080.txt

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