Green Brick restates 2023-2025 revenue/cost after audit committee finds accounting error

Green Brick Partners, Inc.

Audit committee concluded on Apr 27, 2026 that closing cost incentives (incl. interest-rate buydowns) were incorrectly reported; should reduce revenue per ASC 606.
Restatement covers fiscal years 2023, 2024, 2025 and quarters ended Mar, Jun, Sep 2025; no impact on net income, EPS, cash flow, or stockholders' equity.
Revenue and cost of residential units will each decrease by same amount; gross margin will increase, but average sales price and SG&A leverage will decrease.
Company will file Form 10-K/A with restated audited financials and restated unaudited interim periods.

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