---
title: "HOVNANIAN ENTERPRISES INC PRF STK SERIES 'A' USD25.00 | 8-K: FY2025 Q4 Revenue: USD 817.9 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/268637087.md"
datetime: "2025-12-04T15:07:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/268637087.md)
  - [en](https://longbridge.com/en/news/268637087.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/268637087.md)
generator: "portal-rs"
---

# HOVNANIAN ENTERPRISES INC PRF STK SERIES 'A' USD25.00 | 8-K: FY2025 Q4 Revenue: USD 817.9 M

Revenue: As of FY2025 Q4, the actual value is USD 817.9 M.

EPS: As of FY2025 Q4, the actual value is USD -0.51.

EBIT: As of FY2025 Q4, the actual value is USD 30.34 M.

### Financial Metrics by Segment

#### Non-GAAP Measures

-   **EBIT, EBITDA, Adjusted EBIT, and Adjusted EBITDA**: These measures exclude inventory impairments, land option write-offs, and loss (gain) on extinguishment of debt, providing a clearer view of the Company’s financial performance without the effects of various items not characteristic of ongoing operations.
-   **Homebuilding Gross Margin**: Excludes cost of sales interest expense and land charges, offering a clearer view of operating performance.
-   **Adjusted Income Before Income Taxes**: Excludes land-related charges and loss (gain) on extinguishment of debt, providing a better metric of operating performance.
-   **Adjusted Investment**: Excludes liabilities from inventory not owned, net of debt issuance costs and interest capitalized, and includes investments in and advances to unconsolidated joint ventures.
-   **Adjusted EBIT ROI**: Measures operational performance irrespective of the Company’s capital structure, reflecting the longer-term period required to build and sell homes.

#### Segment Revenue

-   Total revenues for the fourth quarter of fiscal 2025 were $817.9 million, compared to $979.6 million in the same quarter of the prior year. For the year ended October 31, 2025, total revenues were $2.98 billion, compared to $3.00 billion in fiscal 2024.
-   Domestic unconsolidated joint ventures’ sale of homes revenues for the fourth quarter of fiscal 2025 increased 27.3% to $180.4 million (285 homes) compared with $141.7 million (235 homes) for the three months ended October 31, 2024.

#### Operational Metrics

-   Homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 10.7% for the three months ended October 31, 2025, compared with 18.0% during the fourth quarter a year ago.
-   Total SG&A was $91.5 million, or 11.2% of total revenues, in the fourth quarter of fiscal 2025 compared with $87.7 million, or 9.0% of total revenues, in the fourth quarter of fiscal 2024.
-   The company incurred losses related to the early extinguishment of debt and land charges of $52.9 million, contributing to a loss before income taxes for the fourth quarter of fiscal 2025 of $4.1 million compared with income before income taxes of $117.9 million in the fourth quarter of the prior fiscal year.
-   Net loss was $0.7 million, or $0.51 per diluted common share, for the three months ended October 31, 2025, compared with net income of $94.3 million, or $12.79 per diluted common share, in the same period of the previous fiscal year.

#### Cash Flow

-   Total liquidity as of October 31, 2025, was $404.1 million, which was significantly above the target liquidity range of $170 million to $245 million.

#### Unique Metrics

-   The number of consolidated communities increased by 7.7% to 140 as of October 31, 2025, compared with 130 communities as of October 31, 2024.

#### Outlook / Guidance

-   For the first quarter of fiscal 2026, total revenues are expected to be between $550 million and $650 million, adjusted homebuilding gross margin is expected to be between 13.0% and 14.0%, adjusted income before income taxes is expected to be between $10 million and $20 million, and adjusted EBITDA is expected to be between $35 million and $45 million.

### Related Stocks

- [HOVNP.US](https://longbridge.com/en/quote/HOVNP.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**