Logotype for Green Brick Partners Inc

Green Brick Partners (GRBK) investor relations material

Green Brick Partners Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Green Brick Partners Inc
Q2 2025 earnings summary31 Jul, 2025

Executive summary

  • Achieved record home closings of 1,042 units and net new orders of 908, both up over 5% year-over-year, despite affordability challenges and high interest rates.

  • Net income for Q2 2025 was $81.9M ($1.85 per diluted share), down over 20% year-over-year due to lower average sales prices and gross margins.

  • Home closings revenue was $547M, essentially flat year-over-year, as higher incentives offset volume gains.

  • Maintained industry-leading gross margins above 30% for the ninth consecutive quarter, though margins declined year-over-year.

  • Strategic focus remains on operational excellence, cost controls, and targeted expansion, especially in Texas and Atlanta markets, with Houston entry planned for late 2025.

Financial highlights

  • Q2 2025 total revenues were $549.1M, down 2% year-over-year; homebuilding gross margin declined 410 bps to 30.4%.

  • SG&A as a percentage of revenue increased 40 bps to 10.9%.

  • Backlog value at quarter end was $516M on 730 units, down over 20% year-over-year; backlog ASP down 3.3%.

  • Year-to-date net income fell 16.8% to $157M; EPS declined 15% to $3.52.

  • Incentives as a percentage of revenue rose to 7.7% from 4.5% year-over-year; cancellation rate increased to 9.9%, among the lowest in the industry.

Outlook and guidance

  • Projecting ~$300M in land development spending for full year 2025, a 46% increase from 2024.

  • Expansion into Houston on track, with first community opening in late 2025; Trophy brand to expand in Austin and Houston.

  • Remain selective with land acquisitions, leveraging a strong pipeline of over 40,000 lots for near- and mid-term growth.

  • Management expects to navigate near-term headwinds and capitalize on long-term demographic trends.

  • Evaluating impact of new tax legislation (OBBBA) on financials.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Green Brick Partners earnings date

Logotype for Green Brick Partners Inc
Q3 202530 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Green Brick Partners earnings date

Logotype for Green Brick Partners Inc
Q3 202530 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Green Brick Partners, Inc. is a U.S.-based real estate development and homebuilding company. The company operates through a network of subsidiary builders, focusing on the construction of single-family homes, townhomes, and other residential properties. Green Brick Partners is involved in land acquisition, development, and the design and construction of homes, primarily serving markets in Texas, Georgia, and Colorado.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage