Hovnanian Enterprises, Inc. HOV Management Fees — Revenue
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Where this comes from
Reported directly by Hovnanian Enterprises, Inc. in its filing.
Tagged under the XBRL concept us-gaap:Revenues.
The source filing: Hovnanian Enterprises, Inc.’s 10-Q, filed June 2, 2026.
- Filed
- Jun 2, 2026, 4:11 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001753926-26-000964
To compensate us for the administrative services we provide as the manager of certain unconsolidated joint ventures, we receive a management fee based on a percentage of the applicable unconsolidated joint ventures' revenues. These management fees, which totaled $5.1 million and $6.2 million for the three months ended April 30, 2026 and 2025, respectively, and $8.0 million and $11.4 million for the six months ended April 30, 2026 and 2025, respectively, are recorded in “Selling, general and administrative” homebuilding expenses in the Condensed Consolidated Statements of Operations.
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FAQ
- What is Hovnanian Enterprises, Inc.'s management fees — revenue?
- Hovnanian Enterprises, Inc. (HOV) reported management fees — revenue of $5.1M in Q1 2026.
- How has Hovnanian Enterprises, Inc.'s management fees — revenue changed year-over-year?
- Hovnanian Enterprises, Inc.'s management fees — revenue decreased by 17.7% year-over-year, from $6.2M to $5.1M.
- What is the long-term trend for Hovnanian Enterprises, Inc.'s management fees — revenue?
- Over 4 years (2021 to 2025), Hovnanian Enterprises, Inc.'s management fees — revenue has grown at a 21.6% compound annual growth rate (CAGR), from $11.6M to $25.4M.
- What does management fees — revenue mean?
- This metric represents the total revenue generated from fees charged for managing residential properties, community associations, or financial service portfolios. It reflects the company's ability to monetize its operational expertise and administrative services beyond direct home construction and sales. Growth in this area indicates a successful expansion into recurring, service-based income streams that provide stability against the cyclical nature of the homebuilding market.
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