Green Brick Partners Q1 EPS falls to $1.39 from $1.67; restates prior revenue
Green Brick Partners reported first-quarter 2026 net income of $60.9 million, or $1.39 per diluted share, down from $75.1 million, or $1.67, a year earlier. The company also said it will restate prior-period revenue to reclassify closing cost incentives, which lowers reported revenue but does not change net income, EPS, or cash flow.
Key points
- Q1 2026 net income attributable to Green Brick was $60.9 million, down 18.8% from $75.1 million; diluted EPS was $1.39 versus $1.67.
- Homebuilding revenues fell 5.9% to $456.0 million; homebuilding gross margin was 28.9% versus 32.1%.
- The company will restate audited 2023-2025 income statements and unaudited 2024-2025 quarterly results to reduce residential units revenue and cost of residential units.
- Series A preferred dividend of $0.35938 per depositary share is payable June 15, 2026 to holders of record on June 1, 2026.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.