Green Brick Partners
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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.
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Q3 2026 earnings summary29 Oct, 2026

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.

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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.