Quarterly ResultMay 11, 2026, 04:52 PM
Green Brick Q1 Net Income $60.9M, Revenue $465.5M
AI Summary
Green Brick Partners reported a decrease in net income and total revenues for the first quarter of 2026 compared to the prior year. Net income attributable to the company fell to $60.9 million, with total revenues reaching $465.5 million. Despite the overall decline, the financial services segment showed strong growth, nearly doubling its revenue. The company also continued its share repurchase program and authorized a new $150.0 million plan, while strategically managing its debt by terminating a secured credit facility.
Key Highlights
- Net income attributable to Green Brick Partners, Inc. decreased to $60.9 million in Q1 2026 from $75.1 million in Q1 2025.
- Total revenues decreased to $465.5 million in Q1 2026 from $489.3 million in Q1 2025.
- Diluted EPS decreased to $1.39 in Q1 2026 from $1.67 in Q1 2025.
- Financial services revenue increased to $9.5 million in Q1 2026, up from $4.9 million in Q1 2025.
- Green Brick repurchased 113,849 shares for approximately $7.2 million in Q1 2026.
- The Board authorized a new $150.0 million share repurchase program for future use.
- The $35.0 million Secured Revolving Credit Facility was terminated on March 31, 2026.
- Net cash provided by operating activities was $56.3 million for the quarter.