Green Brick Q1 EPS $1.39, net income $60.9M; revenues down 7% YoY; restates prior periods

Green Brick Partners, Inc.

2024-Q1 EPS reported $1.39 revenue$465,488,000

Diluted EPS $1.39, net income $60.9M, vs $1.67 and $75.1M in Q1 2025 (restated).
Home closings revenue $448M, down 7% YoY; homebuilding gross margin 28.9%, highest among public peers.
Net new orders 1,037, down 6.2% YoY; backlog units 649, down 24.9%.
Restating prior years: closing cost incentives reclassified as revenue reduction; no impact on net income or EPS.
Series A preferred dividend $0.35938/depositary share payable June 15; repurchased 114k shares for $7.2M.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Green Brick Partners, Inc. reported the first quarter ended March 31, 2026 results: revenue $448.0 million in home closings revenue, net income $60.9 million, EPS $1.39.

Period: the first quarter ended March 31, 2026
Revenue: $448.0 million in home closings revenue
Net income: $60.9 million
EPS: $1.39
Result: reported results

Exact text from the filing

and 2025, as well as each of the quarters in 2025 and 2024. Results for the Quarter Ended March 31, 2026 : Homebuilding - During the first quarter of 2026, the Company generated $448.0 million in home closings revenue as compared to $484.5 million in the prior year period. Total homebuilding cost of revenues decreased to $324.3 million in the first quarter of 2026 from

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Source: SEC EDGAR

accession 0001628280-26-028354

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