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$HOV
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CONSOLIDATED BALANCE SHEETS (Current Period Unaudited)

In millions of USD, except per-share amounts
Q3 FY2026
As of Jul 31, 2026
Q2 FY2026
As of Apr 30, 2026
Q1 FY2026
As of Jan 31, 2026
Q4 FY2025
As of Oct 31, 2025
Q3 FY2025
As of Jul 31, 2025
Q2 FY2025
As of Apr 30, 2025
Q1 FY2025
As of Jan 31, 2025
Q4 FY2024
As of Oct 31, 2024
Q3 FY2024
As of Jul 31, 2024
Q2 FY2024
As of Apr 30, 2024
Q1 FY2024
As of Jan 31, 2024
Q4 FY2023
As of Oct 31, 2023
Q3 FY2023
As of Jul 31, 2023
Q2 FY2023
As of Apr 30, 2023
Q1 FY2023
As of Jan 31, 2023
Q4 FY2022
As of Oct 31, 2022
Q3 FY2022
As of Jul 31, 2022
Q2 FY2022
As of Apr 30, 2022
Q1 FY2022
As of Jan 31, 2022
Q4 FY2021
As of Oct 31, 2021
ASSETS
Cash and cash equivalents
Homebuilding
Financial Services
Home Building
Restricted cash
Homebuilding
Financial Services
Home Building
Sold and unsold homes and lots under development
Land and land options held for future development or sale
Consolidated inventory not owned
Total inventories
Investments in and advances to unconsolidated joint ventures
Homebuilding
Home Building
Total investments in and advances to unconsolidated joint ventures
Receivables, deposits and notes, net
Property and equipment, net
Home Building
Total property and equipment, net
Goodwill
Deferred tax assets, net
Home Building
Total deferred tax assets, net
Prepaid expenses and other assets
Total assets excluding deferred tax assets, net
Home Building
Financial Services
Homebuilding
Financial Services
Home Building
Financial Services
Total assets
LIABILITIES AND EQUITY
Nonrecourse mortgages secured by inventory, net of debt issuance costs
Accounts payable and other liabilities
Customers’ deposits
Liabilities from inventory not owned, net of debt issuance costs
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)
Homebuilding
Home Building
Total senior notes and credit facilities (net of discounts, premiums and debt issuance costs)
Accrued interest
Total liabilities excluding income taxes payable
Home Building
Financial Services
Income taxes payable
Liabilities
Homebuilding
Financial Services
Total liabilities
Equity:
Hovnanian Enterprises, Inc. stockholders' equity:
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at July 31, 2026 and October 31, 2025
Common stock
Common Class A
Common Class B
Paid in capital - common stock
Retained Earnings
Treasury stock - at cost – 1,523,992 shares of Class A common stock at July 31, 2026 and 1,348,087 shares at October 31, 2025; 27,669 shares of Class B common stock at July 31, 2026 and October 31, 2025
Total Hovnanian Enterprises Inc. stockholders’ equity
Noncontrolling interest
Total equity
Total liabilities and equity

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