Quarterly ResultJul 29, 2026, 04:23 PM
Green Brick Partners Q2 Net Income $74.17M, Orders +19%
AI Summary
Green Brick Partners reported mixed second-quarter 2026 results, with net income attributable to the company decreasing 9.5% to $74.17 million and diluted EPS falling 8.1% to $1.70. Despite a decline in home closings revenue and homebuilding gross margins, net new home orders increased by 19% year-over-year, and financial services operating income grew significantly by 90.2%. The company also announced a quarterly dividend for its Series A Depositary Shares and repurchased $9.4 million in common stock, highlighting strong liquidity and a disciplined capital strategy.
Key Highlights
- Net income attributable to Green Brick Partners was $74.17 million, down 9.5% year-over-year.
- Diluted EPS was $1.70, down 8.1% year-over-year.
- Net new home orders increased 19% year-over-year to 1,079 units.
- Home closings revenue was $471 million, down 11.4% year-over-year.
- Homebuilding gross margin was 29.8%, down 150 basis points year-over-year.
- Financial services operating income surged 90.2% year-over-year to $5.64 million.
- Declared a quarterly dividend of $0.35938 per Series A Depositary Share, payable September 15, 2026.
- Repurchased 143,026 shares of common stock for approximately $9.4 million.
Price Impact
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