Orders surged 19% despite revenue decline as Trophy Signature Homes expanded across Texas.
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Net new orders surge 19% year-over-year, driven by affordable Trophy homes, while homebuilding gross margins lead the industry at 29.8%.
Moby summary of Green Brick Partners, Inc.'s Q2 2026 earnings call
Despite a decrease in net income, Green Brick Partners Inc (GRBK) showcases robust margins and liquidity, positioning itself well for future growth.
Net income attributable to Green Brick Partners, Inc. for the first quarter was $61 million, or $1.39 per diluted share, on total revenues of $465 million. At the end of Q1, our homebuilding debt to total capital ratio decreased to 11.5%, and our net homebuilding debt to total capital ratio decreased to 5.5%, among the lowest of our public homebuilding peers.
Moby summary of Green Brick Partners, Inc.'s Q1 2026 earnings call