CONDENSED CONSOLIDATED BALANCE SHEETS (Current Period Unaudited) - USD ($) $ in Thousands	Apr. 30, 2025	Oct. 31, 2024
ASSETS
Deferred tax assets, net	$ 224,543	$ 241,064
Total assets	2,553,099	2,605,574
LIABILITIES AND EQUITY
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)	864,280	896,218
Income taxes payable	0	5,479
Total liabilities	1,732,729	1,805,225
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 April 30, 2025 and October 31, 2024	135,299	135,299
Paid in capital - common stock	757,590	749,752
Retained earnings	116,715	74,136
Treasury stock - at cost – 1,348,087 shares of Class A common stock at April 30, 2025 and 1,090,179 shares at October 31, 2024; 27,669 shares of Class B common stock at April 30, 2025 and October 31, 2024	(189,306)	(158,910)
Total stockholders' equity	820,370	800,349
Total liabilities and equity	2,553,099	2,605,574
Common Class A [Member]
Stockholders' equity:
Common stock, Class A, $0.01 par value - authorized 16,000,000 shares; issued 6,416,945 shares at April 30, 2025 and 6,415,794 shares at October 31, 2024	64	64
Common Class B [Member]
Stockholders' equity:
Common stock, Class A, $0.01 par value - authorized 16,000,000 shares; issued 6,416,945 shares at April 30, 2025 and 6,415,794 shares at October 31, 2024	8	8
Home Building [Member]
ASSETS
Cash and cash equivalents	73,980	209,976
Restricted cash and cash equivalents	9,031	7,875
Sold and unsold homes and lots under development	1,212,870	1,195,318
Land and land options held for future development or sale	263,363	238,499
Consolidated inventory not owned	267,732	210,987
Total inventories	1,743,965	1,644,804
Investments in and advances to unconsolidated joint ventures	183,461	142,910
Receivables, deposits and notes, net	24,712	29,400
Property and equipment, net	47,730	43,431
Prepaid expenses and other assets	84,058	82,525
Total assets excluding deferred tax assets, net	2,166,937	2,160,921
LIABILITIES AND EQUITY
Nonrecourse mortgages secured by inventory, net of debt issuance costs	78,092	90,675
Accounts payable and other liabilities	418,669	433,273
Customers’ deposits	45,662	41,639
Liabilities from inventory not owned, net of debt issuance costs	173,098	140,298
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)	864,280	896,218
Accrued interest	12,355	14,508
Total liabilities excluding income taxes payable	1,592,156	1,616,611
Financial Services [Member]
ASSETS
Total assets excluding deferred tax assets, net	161,619	203,589
LIABILITIES AND EQUITY
Total liabilities excluding income taxes payable	$ 140,573	$ 183,135

HOVNANIAN ENTERPRISES INC 10-Q