NVR Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $236.5M | $198.4M | $363.8M | $342.7M | $333.7M | $299.6M | $457.4M | $429.3M |
| Depreciation & Amortization | $6.4M | $6.7M | $6.9M | $6.1M | $5.7M | $5.8M | $5.0M | $4.7M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $19.3M | $13.3M | $15.5M | $17.4M | $17.8M | $18.5M | $19.5M | $19.2M |
| Net Cash from Operating Activities | $-151.5M | $339.7M | $439.7M | $438.7M | $35.1M | $207.8M | $637.1M | $358.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $6.2M | $4.9M | $3.7M | $5.4M | $8.3M | $7.1M | $5.6M | $8.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-8.5M | $12.5M | $-13.8M | $-7.1M | $-35.2M | $-15.0M | $-6.8M | $-8.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $373.6M | $632.0M | $502.1M | $276.4M | $471.4M | $583.4M | $564.3M | $357.5M |
| Net Cash from Financing Activities | $-372.3M | $-579.3M | $-492.6M | $-237.9M | $-457.8M | $-569.5M | $-534.3M | $-309.9M |
| Net Change in Cash | $-532.4M | $-227.2M | $-66.7M | $193.7M | $-458.0M | $-376.8M | $96.0M | $39.7M |
| Free Cash Flow | $-157.7M | $334.8M | $436.0M | $433.3M | $26.8M | $200.7M | $631.5M | $350.1M |