Green Brick (GRBK) Earnings Call Transcript

The Motley Fool

by newsfeedback@fool.com (Motley Fool Transcribing)

February 26, 2026

AI-Generated Deep Dive Summary

Green Brick (GRBK) reported mixed financial results in its latest earnings call, with net income dropping 24.5% year over year to $78 million, translating to a 23% decrease in diluted earnings per share at $1.78. Despite this decline, the company achieved record-breaking performance in key metrics, including delivering 1,038 homes—up 1.9% from the previous year—and securing 883 net new home orders, marking a 3.1% year-over-year increase. However, challenges such as a 490 basis point drop in homebuilding gross margin and a 28.5% decrease in backlog value highlight ongoing pressures from increased incentives and shifts in product mix. Green Brick’s average sales price fell to $530,000, down 3.1% year over year, while discounts and incentives rose significantly to 9.2% of residential unit revenue, up from 5.2% a year ago. This reflects the company’s efforts to drive sales through higher incentive spending, which has impacted profitability. Additionally, construction cycle time improved by 20 days to an average of 130 days, with Trophy brand communities in Dallas-Fort Worth achieving under 90 days. However, active selling communities declined by

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Originally published on The Motley Fool on 2/26/2026