For the quarter ending 2026-03-31, NVR had -$227,194K decrease in cash & cash equivalents over the period. $334,815K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 198,359 | 363,815 | 342,688 | 333,737 |
| Depreciation and amortization | 6,742 | 6,943 | 6,096 | 5,689 |
| Equity-based compensation expense | 13,287 | 15,518 | 17,356 | 17,812 |
| Contract land deposit impairments (recoveries), net | - | - | 29,055 | 11,083 |
| Contract land deposit impairments, net | 8,901 | 67,756 | - | - |
| Gain on sale of loans, net | 38,871 | 65,153 | 38,810 | 40,178 |
| Deferred tax (benefit) expense | - | -1,443 | - | - |
| Mortgage loans closed | 1,056,391 | 1,513,582 | 1,541,814 | 1,557,231 |
| Mortgage loans sold and principal payments on mortgage loans held for sale | 1,371,938 | 1,348,278 | 1,654,719 | 1,575,196 |
| Distribution of earnings from unconsolidated joint ventures | - | 0 | 0 | 0 |
| Increase in inventory | 214,950 | -407,865 | -38,615 | 59,668 |
| Increase in contract land deposits | 96,424 | 18,886 | 49,331 | 93,800 |
| Decrease (increase) in receivables | -49,904 | 46,469 | -5,973 | -1,295 |
| Increase in accounts payable and accrued expenses | 71,782 | -61,152 | -1,882 | -134,736 |
| Increase (decrease) in customer deposits | 24,212 | -28,141 | -17,794 | -20,601 |
| Other, net | 1,197 | -3,601 | 4,022 | -5,562 |
| Cash provided by (used in) operating activity, including discontinued operation | 339,686 | 439,728 | 438,706 | 35,105 |
| Investments in and advances to unconsolidated joint ventures | 4,388 | 10,333 | 1,931 | 27,183 |
| Distribution of capital from unconsolidated joint ventures | - | 0 | 0 | 0 |
| Proceeds from the sale of ownership interest in unconsolidated joint ventures | 21,559 | - | - | - |
| Purchase of property, plant and equipment | 4,871 | 3,700 | 5,446 | 8,303 |
| Proceeds from the sale of property, plant and equipment | 165 | 199 | 267 | 238 |
| Cash provided by (used in) investing activity, including discontinued operation | 12,465 | -13,834 | -7,110 | -35,248 |
| Purchase of treasury stock | 631,956 | 502,104 | 276,405 | 471,413 |
| Principal payments on finance lease liabilities | 1,476 | 1,316 | 1,193 | 1,153 |
| Proceeds from the exercise of stock options | 54,087 | 10,803 | 39,681 | 14,724 |
| Cash provided by (used in) financing activity, including discontinued operation | -579,345 | -492,617 | -237,917 | -457,842 |
| Net decrease in cash, restricted cash, and cash equivalents | -227,194 | -66,723 | 193,679 | -457,985 |
| Cash, restricted cash, and cash equivalents, beginning of the period | 1,956,881 | 2,023,604 | 1,829,925 | 2,287,910 |
| Cash, restricted cash, and cash equivalents, end of the period | 1,729,687 | 1,956,881 | 2,023,604 | 1,829,925 |
NVR INC (NVR)
NVR INC (NVR)