Green Brick Partners Q3 profit falls 24% to $59 million, or $1.35 per diluted share
Green Brick Partners reported third-quarter 2026 net income of $59 million, or $1.35 per diluted share, down from $78 million, or $1.77, a year earlier. Homebuilding revenue fell 9.7% to $437 million, and the gross margin narrowed to 28.0% from 32.1% as the average sales price of homes delivered dropped 12.1% and incentives on new orders reached 11%. The company also set a quarterly dividend on its Series A preferred shares, and net new home orders rose 3% to 926.
Key points
- Q3 2026 net income attributable to the company was $59 million, or $1.35 per diluted share, versus $78 million, or $1.77, in Q3 2025
- Homebuilding revenue was $437 million, down 9.7%; average sales price of homes delivered was $446.7 thousand, down 12.1%
- Homebuilding gross margin was 28.0%, compared with 32.1% a year earlier; CEO cited incentives of 11% on new orders
- Series A preferred dividend of $0.35938 per depositary share is payable December 15, 2026, to holders of record on December 1, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:18 PM ET, from the text of the filing and its press-release exhibits only.
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