---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-028354"
form_type: "8-K"
ticker: "GRBK"
cik: "0001373670"
company_name: "Green Brick Partners, Inc."
filed_at: "2026-04-29T23:59:59+00:00"
generated_at: "2026-05-15T01:44:03.053441+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-028354
- form_type: 8-K
- ticker: GRBK
- cik: 0001373670
- company_name: Green Brick Partners, Inc.
- filed_at: 2026-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1373670/000162828026028354/0001628280-26-028354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1373670/000162828026028354/grbk-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-028354
- JSON: https://secwatch.observer/filing/0001628280-26-028354.json
- Plain text: https://secwatch.observer/filing/0001628280-26-028354.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1373670/000162828026028354/0001628280-26-028354-index.htm

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