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Dec 31, 2025
Green Brick Q4 2025 Earnings Report
Green Brick Partners, Inc. reported record fourth quarter results for the period ended December 31, 2025, highlighted by record Q4 net new home orders and the second highest quarterly home deliveries in company history.
Key Takeaways
Green Brick Partners delivered a strong Q4 2025 with net income of $78 million and homebuilding gross margins of 29.4%. Despite affordability challenges, the company achieved record Q4 net new home orders and maintained a fortress balance sheet with a net debt-to-total capital ratio of 6.3%.
Achieved record fourth quarter net new home orders of 883 units.
Delivered 1,038 new homes, the second highest quarterly volume on record for the company.
Maintained industry-leading homebuilding gross margins of 29.4% for the quarter and 30.5% for the full year.
Strengthened the balance sheet, ending the year with $154.6 million in cash and a low net debt-to-total capital ratio of 6.3%.
Revenue by Segment
Forward Guidance
Green Brick intends to focus on its infill-focused land strategy and disciplined capital allocation to navigate market headwinds in 2026.
Positive Outlook
- Focus on infill and infill-adjacent communities with high demand and low competition.
- Strong land pipeline with 48,828 total lots owned or under contract.
- Fortress balance sheet with $520 million in total liquidity.
- Expectation for continued peer-leading gross margins.
- Expansion and growth of the Trophy Signature Homes brand.
Challenges Ahead
- Ongoing affordability challenges for many home buyers.
- Softening consumer confidence impacting the market.
- Potential for continued high interest rates and inflation.
- Shortages or increased costs of raw materials and labor.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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