Green Brick restates 2023-2025 financials: buyer incentives reclass, no bottom-line impact

Green Brick Partners, Inc.

FY2024 revenue restated down $37.5M to $2.033B; gross margin rises to 34.4% from 33.8%.
FY2025 revenue restated down $58.5M to $2.033B; gross margin rises to 31.4% from 30.5%.
Restatement reclassifies closing cost incentives from cost to revenue; net income, EPS, cash flow unchanged.
Company will file Form 10-K/A; preliminary figures are unaudited and subject to change.

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