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Note 17 - Transactions With Related Parties
12 Months Ended
Oct. 31, 2025
Transactions with Related Parties  
Transactions with Related Parties

17. Transactions with Related Parties

 

During fiscal years 2025, 2024 and 2023, an engineering firm owned by Tavit Najarian, a relative of Ara K. Hovnanian, our Chairman of the Board and Chief Executive Officer, and Alexander Hovnanian, our President, provided services to the Company totaling $0.7 million, $1.3 million and $1.3 million, respectively. Neither the Company, nor Ara K. Hovnanian nor Alexander Hovnanian has a financial interest in the relative’s company from whom the services were provided.