Welcome to our dedicated page for Green Brick Partners SEC filings (Ticker: GRBK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Green Brick Partners, Inc. filings document the company’s homebuilding results, land development activity, capital structure, and material corporate events. Recent Form 8-K disclosures include quarterly and annual operating results, home deliveries, net new home orders, home closings revenue, margins, debt and capital metrics, and common stock repurchase activity.
The filing record also covers the company’s Series A Cumulative Perpetual Preferred Stock and related depositary-share dividends, amendments to its revolving credit agreement, and revenue-recognition restatement matters involving closing cost incentives and interest-rate buydowns. These disclosures address financing arrangements, shareholder distributions, accounting conclusions, governance actions, and the formal reporting of events affecting Green Brick’s public-company obligations.
Green Brick Partners is asking stockholders to vote at its 2026 virtual annual meeting on July 1, 2026 on three items: electing seven directors, approving executive compensation on an advisory basis, and ratifying RSM US LLP as independent auditor.
The company highlights long-term value creation, citing a 272.9% Total Shareholder Return over the five years ended December 31, 2025, a 15.6% compound annual growth rate that exceeded key homebuilding and broad market indexes. Leadership stresses a pay-for-performance philosophy, with most CEO and executive pay tied to financial metrics such as earnings per share, homebuilding gross margin, revenue growth, and return on assets, plus a new long-term incentive plan based on three-year ROA and relative TSR. Governance features include a majority-independent board, separate chair and CEO roles, stock ownership guidelines, a Dodd-Frank–compliant clawback policy, proxy access, and detailed board oversight of risk and cybersecurity.
Green Brick Partners reported softer first-quarter 2026 results compared with 2025. Total revenues were $465.5 million versus $489.3 million, as home closings revenue fell to $448.0 million and average selling prices declined 6.9% amid higher discounts and incentives.
Net income attributable to Green Brick Partners decreased to $60.9 million from $75.1 million, with diluted EPS at $1.39 versus $1.67. Homebuilding gross margin narrowed from 32.1% to 29.0%, reflecting more aggressive pricing. Backlog revenue dropped to $381.3 million from $584.8 million and backlog units fell 24.9%.
The new Financial Services segment grew rapidly, with revenues of $9.5 million versus $4.9 million and income before taxes of $4.3 million. The balance sheet remained conservative, with cash of $144.9 million, senior unsecured notes of $237.1 million, and a homebuilding net debt to total capitalization ratio of 5.5%.
Green Brick Partners, Inc. filed Amendment No. 2 to its annual report to restate consolidated financial statements for the years ended December 31, 2025, 2024 and 2023 after identifying an error in how residential units revenue and closing cost incentives were reported. The change reduces reported residential units revenue and average sales price, lowers homebuilding cost of revenues and increases gross margin for the affected periods.
The company also disclosed a material weakness in internal control over financial reporting, concluding its controls and disclosure procedures were not effective as of December 31, 2025. As of that date, Green Brick had a debt to total capitalization ratio of 14.7%, owned or had under contract 48,828 lots, and employed approximately 620 full-time employees across its high-growth Sunbelt markets.
Green Brick Partners, Inc. filed an amendment to its annual report to add detailed Part III information on directors, executive officers, governance and 2025 executive compensation, without changing previously reported financial statements.
The company reports an aggregate market value of voting stock held by non‑affiliates of $1,919,559,894 as of June 30, 2025 and 43,157,292 common shares outstanding as of February 20, 2026. The amendment describes a pay‑for‑performance program where, for 2025, about 81% of the CEO’s target direct compensation and an average of 71% for other named executives was performance‑based, including a new long‑term incentive plan using return on assets and relative total shareholder return over a three‑year period.
For 2025, earnings per share of $7.07 resulted in partial payout on the EPS bonus component, while strong performance versus a 13‑builder peer set led to maximum payouts on relative growth metrics. CEO total compensation for 2025 was $13,400,745, compared with median employee pay of $109,850, yielding a CEO pay ratio of 122 to 1. The filing also details severance and change‑in‑control terms, stock ownership guidelines, clawback provisions and committee oversight of compensation and governance.
Green Brick Partners reported lower first-quarter 2026 results while announcing an accounting restatement and a preferred dividend. Net income was $60.9 million with diluted EPS of $1.39, as total homebuilding revenues fell to $456.0 million and homebuilding gross margin slipped to 28.9% from 32.1% a year earlier.
The company delivered 908 homes and logged 1,037 net new orders, with backlog revenue at $381.3 million on 649 units, both down sharply year over year. Financial services revenues nearly doubled to $9.5 million, driven by strong growth at Green Brick Mortgage.
Green Brick will restate prior-period results to reclassify closing cost incentives from costs to a reduction of residential units revenue, which it states will not change gross profit, net income, EPS, cash flow, or equity. The company also declared a quarterly dividend of $0.35938 per Series A depositary share, based on a 5.75% rate on the $25,000 liquidation preference per preferred share. Leverage remained low, with homebuilding debt to capital at 11.5% and net homebuilding debt to capital at 5.5%.
Green Brick Partners plans to restate prior financials to correct how it reports residential units revenue. Closing cost incentives offered to homebuyers, including interest-rate buy-downs, will be reclassified from cost of residential units to reduce reported revenue instead.
For 2024, residential unit revenue will be restated from $2,070,136 thousand to $2,032,668 thousand, while cost of residential units falls from $1,370,888 thousand to $1,333,420 thousand. Gross margin on residential unit revenue for 2024 increases from 33.8% to 34.4%. Similar adjustments apply to 2023, 2025 and specified 2025 quarters.
The company states that the restatement does not change gross profit, operating income, net income, earnings per share, cash flow, stockholders’ equity, debt covenant compliance, or the underlying economics of its business.
Green Brick Partners, Inc. is changing how it reports certain homebuyer incentives in its financial statements. The company’s audit committee determined that closing cost incentives, including interest-rate buydowns, should reduce residential units revenue rather than be recorded as cost of residential units under ASC 606.
As a result, Green Brick will restate its audited financial statements for the years ended December 31, 2023, 2024 and 2025, and related 2025 interim quarters, via a Form 10‑K/A. The change will lower reported revenues and costs in equal amounts, increase gross margin, and reduce metrics such as average sales price and SG&A leverage, but it will not affect gross profit, net income, earnings per share, cash flow, the balance sheet, or stockholders’ equity.
Green Brick Partners EVP of Land Samuel Bobby III received new stock-based awards. On March 26, 2026, he was granted 2,563 Restricted Stock Units (RSUs) and two separate grants of 2,563 Performance-Based Restricted Stock Units (PSUs), each convertible into common shares on a one-for-one basis upon vesting.
The RSUs were granted under the company’s Long-Term Incentive Program and vest in three equal installments on the first, second, and third anniversaries of the grant date. The PSUs are also granted under the same program and can be earned between 50% and 200% of the target amount based on company performance above specified thresholds, then vest on the third anniversary of the grant date.
Following these awards, Bobby also reports direct holdings of 10,783 shares of common stock and multiple outstanding RSU and PSU awards tied to future performance and service conditions. The filing shows no open‑market purchases or sales; all reported acquisitions are compensation-related grants.