---
schema_version: "secwatch.filing_event.v1"
accession: "0001373670-23-000031"
form_type: "8-K"
ticker: "GRBK"
cik: "0001373670"
company_name: "Green Brick Partners, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:41:36.309350+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Green Brick Q1 EPS $1.37 (+14% YoY); home orders up 77.5%, new $100M buyback

## Summary
- Record Q1 diluted EPS $1.37 vs $1.20 YoY; net income $64.2M, up 4.2%.
- Home closings revenue $449M, +24% YoY; homebuilding gross margin 27.6%.
- Net new home orders 1,067 (+77.5%); cancellation rate 6.2%, lowest among peers.
- Board approved new $100M stock repurchase program; total authorization $133M.
- Debt to total capital 23.8%, down 500 bps YoY; net debt to capital 13.3%.

## SEC filing metadata
- accession: 0001373670-23-000031
- form_type: 8-K
- ticker: GRBK
- cik: 0001373670
- company_name: Green Brick Partners, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1373670/000137367023000031/0001373670-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1373670/000137367023000031/grbk-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001373670-23-000031
- JSON: https://secwatch.observer/filing/0001373670-23-000031.json
- Plain text: https://secwatch.observer/filing/0001373670-23-000031.txt

## Key facts
- Earnings Releases
  Green Brick Partners, Inc. reported first quarter ended March 31, 2023 results: revenue $452,061, net income $64,180, EPS $1.37.
  - Period: first quarter ended March 31, 2023
  - Revenue: $452,061
  - Net income: $64,180
  - EPS: $1.37
  - Result: reported results
  source text: inception, as detailed below. (Dollars in thousands, except per share data) Three Months Ended March 31, 2023 2022 Increase New homes delivered 761 658 15.7 % Total revenues $ 452,061 $ 393,616 14.8 % Total cost of revenues 327,455 285,260 14.8 % Total gross profit $ 124,606 $ 108,356 15.0 % Income before income taxes $ 87,172 $ 82,633 5.5 % Net income
  evidence_url: https://www.sec.gov/Archives/edgar/data/1373670/000137367023000031/0001373670-23-000031-index.htm

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