---
schema_version: "secwatch.filing_event.v1"
accession: "0001373670-22-000020"
form_type: "8-K"
ticker: "GRBK"
cik: "0001373670"
company_name: "Green Brick Partners, Inc."
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:21:28.366019+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Green Brick Q1 EPS $1.20 (up 135%), revenue $394M; board authorizes $100M buyback

## Summary
- Diluted EPS $1.20, up 135% YoY on $393.6M total revenue (up 67.9%) and record home closings revenue of $363.1M (up 68.0%).
- Homebuilding gross margin improved 240 bps to 27.8%; SG&A leverage improved 420 bps to 9.4% of residential revenue.
- Board authorized $100M share repurchase; $49.5M already spent in Q1+April at avg $20.63 per share, exhausting prior authorization.
- New homes delivered up 27.5% to 658; average sales price $551.8k, up 31.7% from $418.9k.
- Backlog dollar value down 13.0% to $866.6M; units down 29.9% to 1,423, but ASP in backlog up 24.1% to $609k.

## SEC filing metadata
- accession: 0001373670-22-000020
- form_type: 8-K
- ticker: GRBK
- cik: 0001373670
- company_name: Green Brick Partners, Inc.
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1373670/000137367022000020/0001373670-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1373670/000137367022000020/grbk-20220503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001373670-22-000020
- JSON: https://secwatch.observer/filing/0001373670-22-000020.json
- Plain text: https://secwatch.observer/filing/0001373670-22-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.