Green Brick Partners Q3 Net Income $59M; Revenue Down 9.7%
Green Brick Partners, Inc. reported its third quarter 2026 financial and operational results, showing a decrease in net income and home closing revenue compared to the prior year, while highlighting growth in financial services and resilient new home orders. Net income attributable to Green Brick for the third quarter was $59 million, or $1.35 per diluted share, compared to $78 million, or $1.77 per diluted share, in the third quarter of 2025. Home closing revenue decreased by 9.7% to $437 million. However, financial services operating income saw a significant increase of 68.9% to $5.6 million. The company also announced a quarterly dividend payment for its Series A Cumulative Perpetual Preferred Stock.
Key Highlights
- Net income attributable to Green Brick in Q3 2026 was $59 million ($1.35/share), down from $78 million ($1.77/share) in Q3 2025.
- Home closing revenue decreased 9.7% to $437 million in Q3 2026 compared to $484 million in Q3 2025.
- Homebuilding gross margins were 28.0% in Q3 2026, down from 32.1% in Q3 2025.
- Financial services operating income increased 68.9% year over year to $5.6 million in Q3 2026.
- Net new home orders increased 3% to 926, and new home deliveries increased 3% to 978 in Q3 2026.
- Book value per share increased 14% year over year to $46.10 as of September 30, 2026.
- The company retired $50 million of senior notes and repurchased $17.9 million of common stock in Q3 2026.
- Quarter-end liquidity was $325 million, including $100 million of cash.
Price Impact
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