---
schema_version: "secwatch.filing_event.v1"
accession: "0000906163-26-000034"
form_type: "8-K"
ticker: "NVR"
cik: "0000906163"
company_name: "NVR INC"
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T05:00:58.170546+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NVR Q1 net income $198.4M ($67.76 EPS) down 34% YoY; revenue $1.88B -22%

## Summary
- Net income fell 34% to $198.4M; diluted EPS $67.76 vs $94.83 in Q1 2025.
- Consolidated revenue $1.88B, down 22% from $2.40B; homebuilding revenue $1.83B.
- New orders rose 7% to 5,738 units; settlements dropped 22% to 4,015 units.
- Homebuilding gross margin 19.6%, down from 21.9% on pricing pressure and higher lot costs.
- Mortgage closed loan production $1.05B (-27%); segment income before tax $27.1M (-17%).

## SEC filing metadata
- accession: 0000906163-26-000034
- form_type: 8-K
- ticker: NVR
- cik: 0000906163
- company_name: NVR INC
- filed_at: 2026-04-22T23:59:59+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/906163/000090616326000034/0000906163-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906163/000090616326000034/nvr-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000906163-26-000034
- JSON: https://secwatch.observer/filing/0000906163-26-000034.json
- Plain text: https://secwatch.observer/filing/0000906163-26-000034.txt

## Key facts
- Earnings Releases
  NVR INC reported first quarter ended March 31, 2026 results: revenue Consolidated revenues for the first quarter of 2026 totaled $1.88 billion, net income net income for its first quarter ended March 31, 2026 of $198.4 million, EPS $67.76 per diluted share.
  - Period: first quarter ended March 31, 2026
  - Revenue: Consolidated revenues for the first quarter of 2026 totaled $1.88 billion
  - Net income: net income for its first quarter ended March 31, 2026 of $198.4 million
  - EPS: $67.76 per diluted share
  - Result: reported results
  source text: On April 22, 2026, NVR, Inc. issued a press release reporting its financial results for the first quarter ended March 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/906163/000090616326000034/0000906163-26-000034-index.htm

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