HOV — what changed in the latest 10-Q
A section-by-section comparison of HOV's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-28 vs the prior 10-Q · 2026-06-02
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −10 | ~54 | 60 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-28
● Sale of homes revenues decreased to $679.0 million for the three months ended July 31, 2026 from $769.1 million for same period in 2025. For the nine months ended July 31, 2026, sale of homes revenues were $1.9 billion compared with $2.1 billion in the prior year period. The decreases were primari…
● Selling, general and administrative costs, including corporate general and administrative expenses, ("Total SGA") were $86.9 million, or 12.3% of total revenues, for the three months ended July 31, 2026 compared with $90.8 million, or 11.3% of total revenues, in the prior year period. For the nine…
● Loss before income taxes was $2.8 million for the three months ended July 31, 2026 compared with income before income taxes of $23.8 million in the prior year period. For the nine months ended July 31, 2026, income before income taxes decreased to $26.3 million from $90.2 million for the same peri…
● Net domestic contracts decreased 4.6% and 0.1% for the three and nine months ended July 31, 2026, respectively, compared with the same periods in the prior year. The decreases were primarily driven by more cautious buyer behavior resulting from affordability concerns and an uncertain macroeconomic…
● Net domestic contracts per active selling community decreased to 9.4 for the three months ended July 31, 2026 compared to 9.8 for the same period in the prior year and were relatively flat at 31.0 and 30.8 for the nine months ended July 31, 2026 and 2025, respectively.
Text removed vs the prior filing · source: 10-Q · 2026-06-02
● Sale of homes revenues decreased to $604.2 million for the three months ended April 30, 2026 from $650.3 million for the three months ended April 30, 2025, and was $1.2 billion for the six months ended April 30, 2026 and $1.3 billion for the six months ended April 30, 2025. There was an 11.8% and …
● Selling, general and administrative costs (including corporate general and administrative expenses) ("Total SGA") was $84.0 million, or 12.6% of total revenues, in the three months ended April 30, 2026 compared with $80.6 million, or 11.7% of total revenues, in the three months ended April 30, 202…
● Income before income taxes decreased to $0.3 million for the three months ended April 30, 2026 from $26.5 million for the three months ended April 30, 2025 and decreased to $29.0 million for the six months ended April 30, 2026 from $66.4 million for the six months ended April 30, 2025. Net income …
● Net domestic contracts increased 1.0% and 2.0% for the three and six months ended April 30, 2026, respectively, compared to the same periods of the prior year. The increase for the three and six months ended is primarily due to our current strategy of using increased incentives to drive sales pace…
● Net domestic contracts per active selling community increased slightly to 11.3 and 21.2 for the three and six months ended April 30, 2026, respectively, compared to 11.2 and 20.8 in the same periods of the prior year.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice