NVR公司2025年度报告

FORM 11-K ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 1-12378 NVR, Inc. Profit Sharing Plan(Full name of the Plan) NVR, Inc.11700 Plaza America Drive, Suite 500Reston, Virginia 20190(703) 956-4000 NVR, INC. PROFIT SHARING PLANForm 11-K Table of Contents Report of Independent Registered Public Accounting Firm Financial Statements:Statements of Net Assets Available for Plan Benefits as of December 31, 2025 and 2024 Statement of Changes in Net Assets Available for Plan Benefits for the Year Ended December 31, 2025Notes to Financial Statements Supplemental Schedules: Schedule H, Line 4(a) - Schedule of Delinquent Participant Contributions for the Year Ended December 31, 2025Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year) as of December 31, 2025 Exhibit Index Signature14 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Plan Administrator and Plan ParticipantsNVR, Inc. Profit Sharing Plan Opinion on the financial statements We have audited the accompanying statements of net assets available for plan benefits of NVR, Inc. Profit Sharing Plan(the “Plan”) as of December31, 2025 and 2024, the related statement of changes in net assets available for plan benefitsfor the year ended December31, 2025, and the related notes(collectively referred to as the “financial statements”). In ouropinion, the financial statements present fairly, in all material respects, the net assets available for plan benefits of the Planas of December31, 2025 and 2024, and the changes in net assets available for plan benefits for the year ended Basis for opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion onthe Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public CompanyAccounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan inaccordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan andperform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement,whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internalcontrol over financial reporting. As part of our audits we are required to obtain an understanding of internal control overfinancial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over Our audits included performing procedures to assess the risks of material misstatement of the financial statements,whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining,on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also includedevaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall Supplemental information The supplemental schedule of delinquent participant contributions for the year ended December 31,2025 and schedule ofassets (held at end of year) as of December31, 2025 (“supplemental information”) have been subjected to auditprocedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is theresponsibility of the Plan’s management. Our audit procedures included determining whether the supplementalinformation reconciles to the financial statements or the underlying accounting and other records, as applicable, and /s/ GRANT THORNTON LLP We have served as the Plan’s auditor since 2020.Philadelphia, PennsylvaniaJune26, 2026 NVR, INC. PROFIT SHARING PLANStatements of Net Assets Available for Plan BenefitsDecember31, 2025 and 2024 NVR, INC. PROFIT SHARING PLAN Statement of Changes in Net Assets Available for Plan BenefitsFor the Year Ended December31, 2025 Additions to net assets attributable to:Plan's share of net investment income of master trust Interest income on notes receivable from participantsContributions:EmployeeEmployerRolloversTotal contributions 180,701 Total additions Deductions from net assets attributable to: Benefits paid to participants Total deductions Increase in net assets available for plan benefitsNet assets available for plan benefits at beginning of year NVR, INC. PROFIT SHARING PLANNotes to Financial StatementsDecember 31, 2025 and 2024(dollars in thousands) 1.Description of Plan and Benefits The following description of the NVR, Inc. Profit Sharing Plan (the “Plan