Highest-materiality recent filing
Green Brick restates 2023-2025 revenue/cost after audit committee finds accounting error
Audit committee concluded on Apr 27, 2026 that closing cost incentives (incl. interest-rate buydowns) were incorrectly reported; should reduce revenue per ASC 606.
Green Brick restates 2023-2025 financials: buyer incentives reclass, no bottom-line impact
FY2024 revenue restated down $37.5M to $2.033B; gross margin rises to 34.4% from 33.8%.
Green Brick Q1 EPS $1.39, net income $60.9M; revenues down 7% YoY; restates prior periods
Diluted EPS $1.39, net income $60.9M, vs $1.67 and $75.1M in Q1 2025 (restated).
Green Brick Q4 net income $78M ($1.78 EPS); FY 2025 deliveries record 3,943 homes
Q4 EPS $1.78 diluted vs $2.31 a year ago; net income $78.4M, down 24.5% YoY.
Green Brick extends credit facility to Dec 2028, authorizes $150M buyback
Thirteenth Amendment reduces SOFR spread, extends maturity to Dec 14, 2028; total revolver remains $330M.
Green Brick Q3: EPS $1.77, revenue $499M, gross margin 31.1%, net orders up 2.4%
Diluted EPS $1.77 vs. $1.98 YoY; net income $77.9M vs. $89.1M.
Green Brick Q2 EPS $1.85, record deliveries 1,042; net income down 22% YoY
Diluted EPS $1.85, down 20.3% YoY; net income attributable $81.9M, down 22.2% YoY.
Green Brick Q1 revenue hits record $495M; diluted EPS $1.67, net orders up 3.3%
Home closing revenue $495M (+11.8% YoY), a record Q1; total revenues $498M (+11.2% YoY).
Green Brick Q4 EPS $2.31 record, home closings revenue up 24.2% YoY, board boosts buyback to $100M
Q4 diluted EPS $2.31 (record for any Q4, +46.2% YoY); full-year diluted EPS $8.45 (+37.6% YoY).
Green Brick Partners extends credit facility to $330M, maturity to Dec 2027
Removed one lender with $25M commitment; added $30M in new commitments, increasing total to $330M.
Green Brick Q3 record: revenue $523M, EPS $1.98; orders up 11.3% YoY
Home closings revenue $522.9M (+25.7% YoY); diluted EPS $1.98 (+26.9% YoY), both Q3 records.
Green Brick Q2 EPS $2.32 beats, home closings revenue $547M, +20% YoY
Diluted EPS $2.32, up 42.3% YoY; net income $105.4M vs $75.3M.
Green Brick Q1 record EPS $1.82, up 32.8%; homebuilding margin 33.4% (record)
Diluted EPS of $1.82 (record for Q1), up 32.8% YoY; net income $83.3M.
On March 17, 2025, Mr. Richard A. Costello, who has served since 2014 as the Chief Financial Officer and Principal Accounting Officer of Green Brick Partners, Inc. (the “Company”), resigned from his position effective March 17, 2025
The Company has appointed Jeffery Cox to serve as the Company’s Interim Chief Financial Officer and Principal Accounting Officer, effective as of the Effective Date.
Max materiality 0.85 · Median 0.70 · Most common event earnings