Green Brick Partners Inc ( (GRBK) ) has released its Q1 earnings. Here is a breakdown of the information Green Brick Partners Inc presented to its investors.
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Green Brick Partners, Inc. is a diversified homebuilding and land development company operating primarily in Texas, Georgia, and Florida. It is involved in all aspects of the homebuilding process, from land acquisition to sales, and owns several subsidiary homebuilders and interests in financial services platforms.
In its first quarter of 2025, Green Brick Partners reported record home closing revenue of $495 million, marking an 11.8% increase year-over-year. The company also achieved a homebuilding gross margin of 31.2% and recorded net new home orders of 1,106, setting a new record for the first quarter.
Key financial highlights include a diluted earnings per share (EPS) of $1.67, a decrease of 8.2% from the previous year due to the prior year’s one-time benefit from the sale of a stake in Challenger Homes. Excluding this, the underlying earnings grew by 3.7%. The company’s debt to total capital ratio stood at 14.5%, with a net debt to total capital ratio of 9.8%. Green Brick also increased its total lots owned and controlled to over 40,500, with plans to self-develop nearly all of them.
Looking forward, Green Brick Partners remains focused on strategic growth and maintaining its financial flexibility. The company ended the quarter with $103 million in cash and $330 million available on its revolving credit facility, positioning it to navigate market conditions and capitalize on strategic opportunities as they arise.