Earnings Releases·Oct 28, 2026, 5:08 PM ET

Green Brick Partners — Third Quarter 2026 Earnings Summary

Net income declined 24.0% year-over-year to $59.2 million ($1.35/share) as homebuilding revenues fell 9.7% to $437.0 million and gross margins contracted 410 basis points to 28.0%; conversely, financial services operating income surged 68.9% to $5.6 million.
Operational volume remained resilient with net new orders and deliveries both up 3% year-over-year, though average sales prices dropped 12.1% to $446.7k and cancellation rates rose to 8.2% amid elevated incentives of 11%.
Management reaffirmed a patient, selective land investment strategy and confidence in maintaining peer-leading margins despite market headwinds, citing the strategic advantage of owning and self-developing land to mitigate inflation.
Capital allocation included the retirement of $50 million in senior notes and $17.9 million in share repurchases, while liquidity remained robust at $325 million and book value per share increased 14% to $46.10.