Private company

NOVATION COMPANIES, INC.

NOVATION COMPANIES, INC. is an American real estate agents and managers company, incorporated in Maryland.¹ It is headquartered in Kansas City, Missouri.¹

Last updated Oct 20, 2026.

Overview

IndustryReal Estate Agents & Managers (For Others)¹
HeadquartersKansas City, Missouri¹
Incorporated inMD²
Business address9229 Ward Parkway, Suite 340, Kansas City, Mo 64114²
Filer categoryNon-accelerated filer, Smaller reporting company²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

-11.4%Operating margin³

-17.9%Net margin³

-19.1%Revenue growth, 2020³

-$692.0KFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2020

Cost of revenue

Cost of revenue89¢$45.8M
Other costs4¢$2.2M
Interest6¢$3.3M
Income tax0¢$28.0K

Out of $51.4M in revenue.³ The company lost money this year.

Financial statements

Revenue⁴⁵⁶⁷³$51.4M in 2020+591% since 2014

Operating income⁸⁶⁷³-$5.9M in 2020+34% since 2016

Net income⁴⁵⁸⁶⁷³-$9.2M in 2020

Fiscal year	2014	2015	2016	2017	2018	2019	2020
Revenue	$7.4M⁴	$6.1M⁵	$5.1M⁵	$28.0M⁶	$55.1M⁷	$63.5M³	$51.4M³
Cost of revenue				$24.5M⁶	$48.1M⁷	$56.5M³	$45.8M³
Operating income			-$4.4M⁸	-$7.7M⁶	-$1.1M⁷	-$5.7M³	-$5.9M³
Interest	$2.9M⁴	$3.2M⁵	$3.6M⁸	$3.9M⁶	$5.3M⁷	$4.5M³	$3.3M³
Income tax	-$1.7M⁴	-$28.0K⁵	-$21.0K⁸	$14.0K⁶	-$289.0K⁷	$25.0K³	$28.0K³
Net income	$30.9M⁴	-$28.7M⁵	$5.2M⁸	-$10.9M⁶	$6.1M⁷	-$10.2M³	-$9.2M³
Earnings per share	$0.34⁴	-$0.32⁵	$0.06⁸	-$0.12⁶	$0.07⁷	-$0.10³	-$0.08³
Earnings per share (diluted)	$0.34⁴	-$0.32⁵	$0.06⁸	-$0.12⁶	$0.06⁷	-$0.10³	-$0.08³

Total assets⁴⁵⁸⁶⁷³$12.2M in 2020−80% since 2014

Total liabilities⁴⁵⁸⁶⁷³$93.3M in 2020−1% since 2014

Shareholders’ equity⁹⁸⁶⁷³-$81.1M in 2020+143% since 2014

Cash⁴⁵⁸⁶⁷³$1.3M in 2020−59% since 2014

Long-term debt⁷$86.8M in 2019+1% since 2018

Fiscal year	2014	2015	2016	2017	2018	2019	2020
Cash	$3.2M⁴	$2.8M⁵	$4.8M⁸	$2.7M⁶	$9.2M⁷	$2.0M³	$1.3M³
Current assets	$38.2M⁴	$23.3M⁵	$15.8M⁸	$23.0M⁶	$15.9M⁷	$9.3M³	$7.1M³
Total assets	$61.2M⁴	$31.9M⁵	$42.6M⁸	$39.8M⁶	$31.1M⁷	$19.4M³	$12.2M³
Current liabilities	$6.2M⁴	$3.9M⁵	$5.5M⁸	$11.3M⁶	$7.1M⁷	$4.2M³	$2.9M³
Long-term debt					$86.0M⁷	$86.8M⁷
Total liabilities	$94.6M⁴	$94.5M⁵	$91.8M⁸	$97.7M⁶	$94.1M⁷	$91.5M³	$93.3M³
Shareholders’ equity	-$33.4M⁹	-$62.6M⁸	-$49.2M⁶	-$57.9M⁷	-$63.0M³	-$72.1M³	-$81.1M³
Shares outstanding	91.5M shares⁴	92.7M shares⁵	92.8M shares⁸	97.1M shares⁶	99.1M shares⁷	112.4M shares³	114.7M shares³

Cash from operations⁴⁵⁸⁶⁷³-$677.0K in 2020−94% since 2014

Capital spending⁴³$15.0K in 2020−92% since 2014

Free cash flow⁴⁵³-$692.0K in 2020−94% since 2014

Fiscal year	2014	2015	2016	2017	2018	2019	2020
Cash from operations	-$12.3M⁴	-$24.7M⁵	$195.0K⁸	-$8.7M⁶	-$5.1M⁷	-$5.2M³	-$677.0K³
Capital spending	$185.0K⁴	$4.0K⁴				$96.0K³	$15.0K³
Free cash flow	-$12.5M	-$24.8M				-$5.3M	-$692.0K

Compare NOVATION COMPANIES, INC. with another company

What it owns

What NOVATION COMPANIES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, net	$92.0K³ Dec 31, 2020	$125.0K³ Dec 31, 2019	−26.4%
Operating-lease assets (leased space)	$339.0K³ Dec 31, 2020	$316.0K³ Dec 31, 2019	+7.3%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$1.3M³ Dec 31, 2020	$2.0M³ Dec 31, 2019	−34.1%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$3.9M³ Dec 31, 2019	$8.2M³ Dec 31, 2018	−52.4%
Intangible assets, net (excluding goodwill)	$4.7M³ Dec 31, 2020	$5.8M³ Dec 31, 2019	−19.1%
Trademarks and trade names (indefinite-lived)	$1.1M³ Dec 31, 2020	$1.1M³ Dec 31, 2019	0%
Finite-lived intangibles, gross	$7.5M³ Dec 31, 2020	$7.5M³ Dec 31, 2019	0%
Accumulated amortization	$4.0M³ Dec 31, 2020	$2.9M³ Dec 31, 2019	+38.4%
Finite-lived intangibles, net	$3.5M³ Dec 31, 2020	$4.6M³ Dec 31, 2019	−23.9%

Leadership

Who has led NOVATION COMPANIES, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

President

Chief financial officer

Chief operating officer

2010201520202025

Chief executive officerRodney E. Schwatken Aug 20, 2015 to Aug 20, 2015¹⁰
Chief executive officerW. Lance Anderson Aug 25, 2011 to Aug 15, 2014¹¹
Chief executive officerDavid A. Pazgan Jan 5, 2006 to Mar 16, 2007¹²
Chief executive officerScott F. Hartman Feb 10, 2006 to May 12, 2008¹³
ChairJeffrey E. Eberwein Dec 18, 2017 to Dec 18, 2017¹⁴
ChairScott F. Hartman Feb 10, 2006 to May 12, 2008¹³
PresidentDavid A. Pazgan Jan 5, 2006 to Mar 16, 2007¹²
PresidentW. Lance Anderson Feb 10, 2006 to Mar 16, 2007¹⁵
Chief financial officerCarolyn K. Campbell Aug 16, 2017 to Feb 4, 2020¹⁶
Chief financial officerRodney E. Schwatken Jan 10, 2008 to Aug 25, 2011¹⁷
Chief financial officerGregory S. Metz Feb 10, 2006 to Jan 9, 2008¹⁸
Chief operating officerSteve M. Haslam Mar 14, 2012 to Aug 13, 2014¹⁹
Chief operating officerW. Lance Anderson Feb 10, 2006 to Mar 16, 2007¹⁵

Board members and other officers (18)

VP & Chief Accounting OfficerBrett A. Monger Mar 14, 2012 to Mar 14, 2012²⁰
VP & Chief Information OfficerMatthew Lautz Mar 14, 2012 to Aug 20, 2015²¹
Principal Financial OfficerRodney E. Schwatken Jan 4, 2006 to Feb 10, 2006²²
Senior Vice PresidentMichael L. Bamburg Feb 1, 2006 to Jan 20, 2009²³
SVP, Gen. Counsel & SecretaryJeffrey David Ayers Feb 10, 2006 to Jan 2, 2008²⁴
Chief Accounting OfficerTodd M. Phillips Apr 18, 2006 to Oct 2, 2008²⁵
Board memberHoward Timothy Eriksen Aug 22, 2018 to Oct 2, 2019²⁶
Board memberLee D. Keddie Aug 22, 2018 to Jun 4, 2021²⁷
Board memberCharles M. Gillman Jan 8, 2016 to Aug 25, 2017²⁸
Board memberRobert G. Pearse May 1, 2015 to Aug 25, 2017²⁹
Board memberJeffrey E. Eberwein May 4, 2015 to Apr 3, 2018³⁰
Board memberBarry Igdaloff Jul 6, 2009 to Dec 30, 2021³¹
Board memberHoward Amster Jul 6, 2009 to Dec 30, 2021³²
Board memberW. Lance Anderson Jan 30, 2007 to Aug 15, 2014³³
Board memberGregory T. Barmore Feb 21, 2006 to Aug 12, 2015³⁴
Board memberEdward W. Mehrer Mar 2, 2006 to May 16, 2014³⁵
Board memberArt N. Burtscher May 10, 2006 to Aug 12, 2015³⁶
Board memberDonald M. Berman May 10, 2006 to Jun 22, 2010³⁷

Former names

NOVASTAR FINANCIAL INCDec 30, 1997 to May 15, 2012²

Timeline

Aug 16, 20238-K Entered a material agreement; Bankruptcy or receivership; New debt or obligation³⁸
Jan 20, 20238-K Change of auditor³⁹
Apr 7, 20228-K Executive or director change⁴⁰
Jan 21, 20228-K Executive or director change⁴¹
Aug 20, 2015New chief executive Rodney E. Schwatken becomes CEO¹⁰
Aug 25, 2011New chief executive W. Lance Anderson becomes CEO¹¹
Feb 10, 2006New chief executive Scott F. Hartman becomes CEO¹³
Jan 5, 2006New chief executive David A. Pazgan becomes CEO¹²

Filings

9 filings to the SEC since October 2021: 1 quarterly reports, 4 major events, 3 insider forms, 1 other. The latest 9:

Oct 20, 2023REVOKED EDGAR
Aug 16, 20238-K EDGAR
Jan 20, 20238-K EDGAR
Apr 7, 20228-K EDGAR
Jan 21, 20228-K EDGAR
Dec 30, 20214 HOWARD AMSTER FORM 4 EDGAR
Dec 30, 20214 BARRY IGDALOFF FORM 4 EDGAR
Dec 30, 20214 DAVE POINTER FORM 4 EDGAR
Nov 12, 202110-Q EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How NOVATION COMPANIES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARNOVATION COMPANIES, INC.¹
CIK0001025953
Employer ID (EIN)74-2830661¹
Filer statusNon-accelerated filer<br>smaller reporting company¹
Incorporated inMaryland¹
Fiscal year endsDecember 31¹
Industry code (SIC)6531 Real Estate Agents & Managers (For Others)¹
Business address9229 Ward Parkway, Suite 340, Kansas City, MO 64114¹
Phone8162377000¹
Shares outstanding116,155,893 as of Nov 11, 2021⁴²
Public float$1.6M as of Jun 30, 2020³
On EDGAR sinceJul 29, 1997¹
Filings1,156 in all: 4 (427), 8-K (303), 10-Q (73), SC 13G/A (33), 3 (22), DEF 14A (22), 10-K (20), SC 13G (16)¹
All 55 form types
8-K/A (15), CORRESP (15), 424B3 (14), UPLOAD (14), 4/A (10), PRE 14A (10), 424B5 (9), ARS (9), SC 13D/A (9), 8-A12G/A (8), POS AM (8), 10-K/A (7), DEFA14A (7), S-8 (7), SC 13D (7), NT 10-Q (6), S-11/A (6), S-3 (6), SC 13E3/A (6), 10-Q/A (5), 8-A12G (5), S-4/A (5), 10-K405 (4), 5 (4), 8-A12B/A (4), S-3ASR (4), 11-K (3), 425 (3), NT 10-K (3), S-11 (3), S-3/A (3), 10-K405/A (2), 25-NSE (2), 8-A12B (2), CT ORDER (2), NT 10-Q/A (2), 15-12G (1), 15-15D (1), 424B1 (1), CERTNYS (1), D (1), EFFECT (1), NT 10-K/A (1), REVOKED (1), S-4 (1), S-8 POS (1), SC 13E3 (1)
Latest filingsAnnual report (10-K) Mar 4, 2021
Quarterly report (10-Q) Nov 12, 2021
Proxy statement (DEF 14A) Oct 31, 2019
Latest 8-K (8-K) Aug 16, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARNOVATION COMPANIES, INC. filings on SEC EDGAR
2
SEC EDGARNOVATION COMPANIES, INC. filings on SEC EDGAR
3
SEC EDGARNOVATION COMPANIES, INC. 10-K for fiscal 2020
4
SEC EDGARNOVATION COMPANIES, INC. 10-K for fiscal 2014
5
SEC EDGARNOVATION COMPANIES, INC. 10-K for fiscal 2015
6
SEC EDGARNOVATION COMPANIES, INC. 10-K for fiscal 2017
7
SEC EDGARNOVATION COMPANIES, INC. 10-K for fiscal 2018
8
SEC EDGARNOVATION COMPANIES, INC. 10-K for fiscal 2016
9
SEC EDGARNOVATION COMPANIES, INC. 10-K for fiscal 2014
10
SEC EDGARRodney E. Schwatken, Chief executive officer
11
SEC EDGARW. Lance Anderson, Chief executive officer
12
SEC EDGARDavid A. Pazgan, Chief executive officer
13
SEC EDGARScott F. Hartman, Chief executive officer
14
SEC EDGARJeffrey E. Eberwein, Chair
15
SEC EDGARW. Lance Anderson, President
16
SEC EDGARCarolyn K. Campbell, Chief financial officer
17
SEC EDGARRodney E. Schwatken, Chief financial officer
18
SEC EDGARGregory S. Metz, Chief financial officer
19
SEC EDGARSteve M. Haslam, Chief operating officer
20
SEC EDGARBrett A. Monger, VP & Chief Accounting Officer
21
SEC EDGARMatthew Lautz, VP & Chief Information Officer
22
SEC EDGARRodney E. Schwatken, Principal Financial Officer
23
SEC EDGARMichael L. Bamburg, Senior Vice President
24
SEC EDGARJeffrey David Ayers, SVP, Gen. Counsel & Secretary
25
SEC EDGARTodd M. Phillips, Chief Accounting Officer
26
SEC EDGARHoward Timothy Eriksen, Board member
27
SEC EDGARLee D. Keddie, Board member
28
SEC EDGARCharles M. Gillman, Board member
29
SEC EDGARRobert G. Pearse, Board member
30
SEC EDGARJeffrey E. Eberwein, Board member
31
SEC EDGARBarry Igdaloff, Board member
32
SEC EDGARHoward Amster, Board member
33
SEC EDGARW. Lance Anderson, Board member
34
SEC EDGARGregory T. Barmore, Board member
35
SEC EDGAREdward W. Mehrer, Board member
36
SEC EDGARArt N. Burtscher, Board member
37
SEC EDGARDonald M. Berman, Board member
38
SEC EDGAREntered a material agreement; Bankruptcy or receivership; New debt or obligation
39
SEC EDGARChange of auditor
40
SEC EDGARExecutive or director change
41
SEC EDGARExecutive or director change
42
SEC EDGARNOVATION COMPANIES, INC. 10-Q filed Nov 12, 2021: shares outstanding