For the quarter ending 2026-01-31, HOVVB had $59,140K increase in cash & cash equivalents over the period. $132,118K in free cash flow.
| Cash Flow | 2026-01-31 | 2025-10-31 | 2025-07-31 |
|---|---|---|---|
| Net income | 20,859 | -667 | 64,532 |
| Depreciation | 3,271 | 5,350 | 8,513 |
| Stock-based compensation | 1,579 | 2,547 | 14,124 |
| Amortization of debt discounts, premiums and deferred financing costs | 2,374 | 400 | -1,777 |
| Gain on sale of property and assets | 25 | -416 | 951 |
| Gain on consolidation of joint venture | 26,830 | 18,856 | 0 |
| Loss (gain) on extinguishment of debt | - | -33,512 | 399 |
| Gain on inventory contributed to joint venture | 0 | -1 | 22,683 |
| Income from unconsolidated joint ventures | 3,440 | 12,678 | 33,759 |
| Noncontrolling interest in consolidated joint ventures | - | 0 | - |
| Distributions of earnings from unconsolidated joint ventures | 0 | 948 | 3,460 |
| Inventory impairments and land option write-offs | 2,359 | 19,430 | 20,141 |
| Inventories | -180,663 | -137,229 | 45,586 |
| Receivables, deposits and notes | 12,207 | -7,676 | 2,163 |
| Origination of mortgage loans | 336,756 | 482,009 | 1,279,416 |
| Sale of mortgage loans | 357,659 | 500,923 | 1,297,796 |
| Deferred tax assets | -6,834 | 8,797 | -20,244 |
| Accounts payable, accrued interest and other liabilities | -52,017 | -28,073 | -8,328 |
| Customers deposits | -4,478 | 8,595 | -6,159 |
| State income tax payable | 1,041 | 3,127 | -8,384 |
| Net cash provided by (used in) operating activities | 140,886 | 169,074 | 19,205 |
| Proceeds from sale of property and assets | 33 | 283 | 1,523 |
| Purchase of property, equipment, and other fixed assets | 8,768 | 5,086 | 17,011 |
| Investment in and advances to unconsolidated joint ventures, net of reimbursements | 51,903 | 644 | 49,572 |
| Distributions of capital from unconsolidated joint ventures | 0 | 75 | 4,425 |
| Acquisitions of business, net of cash acquired | -31,517 | - | - |
| Net cash used in investing activities | -29,121 | -5,372 | -60,635 |
| Proceeds from mortgages and notes | 20,413 | 12,015 | 152,747 |
| Payments related to mortgages and notes | 26,628 | 38,717 | 191,384 |
| Proceeds from model sale leaseback financing programs | 7,440 | 14,601 | 36,978 |
| Payments related to model sale leaseback financing programs | 4,832 | 7,573 | 13,806 |
| Proceeds from land bank financing programs | 12,831 | 26,824 | 159,819 |
| Payments related to land bank financing programs | 24,964 | 25,596 | 85,117 |
| Net payments related to mortgage warehouse lines of credit | -24,832 | -15,550 | -21,504 |
| Proceeds from issuance of unsecured and senior secured notes | - | 900,000 | - |
| Payments related to senior and senior secured notes, senior secured term loans and senior unsecured term loans | - | 880,332 | 26,588 |
| Preferred dividends paid | 2,669 | 2,668 | 8,007 |
| Treasury stock purchases | 9,000 | -58 | 30,302 |
| Deferred financing costs from land banking financing programs and note issuances | 384 | 22,931 | 3,353 |
| Net cash used in financing activities | -52,625 | -39,869 | -30,517 |
| Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents | 59,140 | 123,833 | -71,947 |
| Cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of period | 318,647 | 266,761 | - |
| Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period | 377,787 | 318,647 | - |
HOVNANIAN ENTERPRISES INC (HOVVB)
HOVNANIAN ENTERPRISES INC (HOVVB)