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Green Brick Partners (GRBK) investor relations material
Green Brick Partners Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered 978 homes, up 2.6% YoY, and recorded 926 net new orders, up 3.1%, amid affordability pressure and elevated incentives.
Homebuilding gross margin was 28.0%, down 410 bps YoY; lower average selling prices and higher incentives weighed on results.
Q3 attributable net income was $59.2M and diluted EPS was $1.35, versus $77.9M and $1.77 a year earlier.
Financial highlights
Q3 total revenue fell 8.8% to $448.2M; residential unit revenue declined 9.7% to $437.0M.
Delivered-home ASP fell 12.1% to $446.7K, primarily due to a higher Trophy mix and increased mortgage-related incentives.
Financial Services revenue rose 51.9% to $11.2M and pretax income increased 68.9% to $5.6M; 9M pretax income rose 92.4% to $15.6M.
9M total revenue was $1.408B versus $1.522B; diluted EPS was $4.44 versus $5.29.
Outlook and guidance
2026 land and lot acquisitions are expected at ~$350M and land development at ~$430M, excluding reimbursements; YTD investment was $274M and $323M, respectively.
Planned land investment was reduced to $780M from $850M; management described continued land spending as selective.
Pricing and incentives will be adjusted to sustain sales pace while balancing price, pace and profitability; Q4 ASP could move slightly lower.
- Q2 2026 net income fell 9.5% as new home orders rose 19% and margins remained strong.GRBK
Q2 2026 - All agenda items, including director elections and auditor ratification, were approved by majority vote.GRBK
AGM 2026 - Virtual annual meeting to vote on directors, executive pay, and auditor ratification.GRBK
Proxy filing - Annual meeting to address director elections, executive pay, auditor ratification, and ESG oversight.GRBK
Proxy filing - Q1 2026 delivered $60.9M net income, strong margins, and robust liquidity despite market headwinds.GRBK
Q1 2026 - Record Q4 and full-year deliveries, but lower revenue and net income amid margin pressure.GRBK
Q4 2025 - Record Q3 revenue, EPS, and home closings, with strong margins and robust growth outlook.GRBK
Q3 2024 - Industry-leading margins and low leverage drive growth in top Southern markets.GRBK
15th Annual Midwest IDEAS Investor Conference - Record Q2 with 26% home delivery growth, 34.5% margin, and strong land-driven outlook.GRBK
Q2 2024
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