---
schema_version: "secwatch.filing_event.v1"
accession: "0000906163-25-000115"
form_type: "8-K"
ticker: "NVR"
cik: "0000906163"
company_name: "NVR INC"
filed_at: "2025-10-22T23:59:59+00:00"
generated_at: "2026-05-17T02:55:01.879820+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NVR Q3 net income falls 20% to $342.7M; new orders drop 16%

## Summary
- Diluted EPS of $112.33, down 14% from $130.50 in Q3 2024.
- Consolidated revenue $2.61B, down 4% from $2.73B.
- Homebuilding new orders fell 16% to 4,735 units; cancellation rate rose to 19%.
- Homebuilding gross margin declined to 21.0% from 23.4%, hurt by higher lot costs.
- Backlog units down 19% to 9,165; mortgage loan production down 7% to $1.54B.

## SEC filing metadata
- accession: 0000906163-25-000115
- form_type: 8-K
- ticker: NVR
- cik: 0000906163
- company_name: NVR INC
- filed_at: 2025-10-22T23:59:59+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/906163/000090616325000115/0000906163-25-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906163/000090616325000115/nvr-20251022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000906163-25-000115
- JSON: https://secwatch.observer/filing/0000906163-25-000115.json
- Plain text: https://secwatch.observer/filing/0000906163-25-000115.txt

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