Green Brick Partners, Inc. reported results for the 2026 quarter with revenue of $493.84M and diluted EPS of $1.7, compared with $540.88M and $1.85 in the prior-year period; net income was $74.17M versus $81.95M a year earlier.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$493.84M$540.88M(8.7%) | Net income²$74.17M$81.95M(9.5%) | Diluted EPS³$1.7$1.85(8.1%) |
¹ Reported as “Total revenues”. ² Reported as “Net income attributable to Green Brick Partners, Inc.”. ³ Reported as “Net income attributable to Green Brick Partners, Inc. per common share”.
Business Highlights
- Revenue mix shifted as residential revenue declined about 11% year over year due to lower average home prices driven by higher incentives and changes in product mix.
- Order momentum improved: net new home orders rose 18.8% quarter‑over‑quarter (Q2) and 5.1% year‑to‑date, led by Trophy Signature Homes.
- Deliveries were essentially flat year over year (up 0.5% in Q2 and 0.2% YTD) despite lower selling prices and higher incentives.
- Financial services strengthened materially: captive mortgage originations surged (loans funded +257% in Q2) and the mortgage capture rate rose to 66%, increasing mortgage revenue and operating contribution.
- The company increased lots owned and under contract and invested in land development to replenish its future community pipeline.
Original SEC Filing:
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