secwatch.observer — SEC 8-K summary
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Issuer:     Green Brick Partners, Inc. (GRBK)
CIK:        0001373670
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001628280-26-028354
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373670/000162828026028354/0001628280-26-028354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373670/000162828026028354/grbk-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-028354

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer