10-K · May 11, 2026
Green Brick Partners, Inc. has performed robustly, showcasing significant revenue and EPS growth in 2025 with a total revenue of $2.04 billion, while also increasing home deliveries by 4.2%. Strategic initiatives in…
Earnings analysis · 10-Q
GRBK earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
In Q1 2026, Green Brick Partners (GRBK) reported a decline in revenue, gross margin, and earnings compared to both the prior quarter and the previous year. Revenue fell to $448.5 million, down 7% year-over-year, with…
Read full summary
In Q1 2026, Green Brick Partners (GRBK) reported a decline in revenue, gross margin, and earnings compared to both the prior quarter and the previous year. Revenue fell to $448.5 million, down 7% year-over-year, with diluted EPS at $1.39. The company's operating metrics showed decreases in home deliveries and sales prices, indicating ongoing challenges amid high interest rates and a competitive housing market.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.39
- Gross margin
- 29.0%
- Segment
- Builder operations revenue declined
- Segment
- Financial Services segment revenue grew
What stood out
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Revenue Declined to $448.5M
This is a 7% decrease from $482.1M in Q1 2025.
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Gross Margin Down to 29.0%
A drop from 32.1% in Q1 2025, attributable to higher incentives.
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EPS Reported at $1.39
This is down from $1.67 in Q1 2025.
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Operating Cash Flow at $56.3M
This was $68.7M in the same period last year.
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Financial Services Revenues Surge 95.2%
Total revenues from Financial Services reached $9.5 million, up from $4.9 million.
-
Cancellation Rate Increased to 7.7%
This is up from 6.1% in Q1 2025, indicating weakened demand.
What to watch
-
High Cancellation Rate
Cancellation rates increased to 7.7% from 6.1% a year earlier.
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Decreasing Home Deliveries
Home deliveries decreased by 0.2% compared to the previous year.
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Backlog Revenue Declined 34.8%
Backlog revenue decreased significantly to $381.3 million from $584.8 million.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-K · April 30, 2026
Green Brick Partners, Inc. has demonstrated solid performance with Q4 2025 results showing revenue of $552.6M, exceeding estimates by 14.25%, and an EPS of $1.78, surpassing expectations by 7.88%. The company's…
10-K · February 25, 2026
Green Brick reported a strong Q4 with revenue of $552.6M and diluted EPS of $1.78, both above consensus (est. revenue $483.7M; est. EPS $1.65). The company highlights a large lot inventory (48,828 lots owned and under…
10-Q · July 30, 2025
Green Brick reported revenue of $549,147,000 for Q2 2025, roughly flat vs Q2 2024 but up versus the prior quarter, while homebuilding gross margin compressed materially and diluted EPS fell year-over-year to $1.85.…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.