Green Brick Partners, Inc. Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net income $59.2M, down 24.0% year over year
- ➤Net new home orders 926, up 3.1% year over year
- ➤Homebuilding gross margin 28.0%, down 410 basis points
- ➤Financial services operating income $5.6M, up 68.9% year over year
- ➤Liquidity $325M; net homebuilding debt-to-capital ratio 9.6%
Expert Statements
Jim Brickman, Co-CEO and Co-Founder of Green Brick Partners
“Our third quarter results demonstrate the resilience of Green Brick's differentiated operating model in a challenging housing environment.”
Jim Brickman, Co-CEO and Co-Founder of Green Brick Partners
“Despite continued affordability pressures, broader economic uncertainty and an increasing rate environment, demand across our markets remained resilient as buyers responded to our incentive strategy and attractive product offerings, particularly within Trophy Signature Homes.”
Jim Brickman, Co-CEO and Co-Founder of Green Brick Partners
“We continue to respond to deteriorating market conditions to maintain sales pace.”
Jim Brickman, Co-CEO and Co-Founder of Green Brick Partners
“We believe these results demonstrate the value of our communities and the ability of our operators to balance price, pace and profitability as market conditions evolve.”
Jed Dolson, Co-CEO of Green Brick Partners
“Our third quarter results reflect disciplined execution, the continued growth of our Trophy Signature Homes brand in our core Texas markets, and the benefits of our long-standing strategy of owning and self-developing land in desirable infill and infill-adjacent submarkets.”
Jed Dolson, Co-CEO of Green Brick Partners
“By securing land positions well in advance of home deliveries, we believe we have largely locked in our lot costs and are less exposed to inflation in finished lot pricing than many builders that rely primarily on third-party developers.”
Jed Dolson, Co-CEO of Green Brick Partners
“Our financial services operations also continued to gain scale”
Jim Brickman, Co-CEO and Co-Founder of Green Brick Partners
“We maintained a balance sheet with investment-grade characteristics, supported by low leverage, substantial liquidity, and significant financial flexibility, enabling Green Brick to remain patient and selective while continuing to invest through the current down-cycle.”
Jim Brickman, Co-CEO and Co-Founder of Green Brick Partners
“We believe our combination of resilient demand, differentiated margins, low leverage and a well-located land pipeline positions us to navigate the current environment and capitalize on future growth opportunities while continuing to generate attractive long-term returns for shareholders.”
Green Brick Partners, Inc. Reports Third Quarter 2026 Results
Green Brick Partners, Inc. (NYSE: GRBK) (“Green Brick,” “we,” or the “Company”), today announced results for its third quarter ended September 30, 2026. Net income attributable to Green Brick in the third quarter was $59 million or $1.35 per diluted share, compared to net income attributable to Green Brick in the third quarter of 2025 of $78 million, or $1.77 per diluted share.
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