The earnings call reflects a mixed performance with significant achievements in home closings, net new orders, and maintaining strong gross margins. However, these are counterbalanced by declines in net income, earnings per share, and an increased need for incentives to drive sales. The strategic expansion of the Trophy Signature Homes brand and a strong financial position are positive indicators, but the financial pressures and market challenges suggest caution.

Company Guidance -

Q3 2025

During the Green Brick Partners Second Quarter 2025 Earnings Conference Call, the company provided guidance that highlighted several key metrics and strategies. Net income attributable to Green Brick for the second quarter was reported at $82 million, or $1.85 per diluted share, reflecting a 22% year-over-year decrease. The company achieved a record for home closings with 1,042 homes and net new orders of 908, marking a 6% increase year-over-year in both categories. Despite these achievements, revenue remained flat at $547 million, and homebuilding gross margins declined by 410 basis points year-over-year to 30.4%, primarily due to increased price concessions and incentives. Discounts and incentives as a percentage of residential unit revenue rose to 7.7% from 4.5% the previous year. The average sales price declined by 5.3% to $525,000. The company also returned $60 million of capital to shareholders through share repurchases, reducing the outstanding share count by approximately 16% since 2022. Looking ahead, Green Brick Partners aims to maintain operational excellence, with a focus on expanding the Trophy Signature Homes brand in key Texas markets and managing its investment-grade balance sheet. The company is also addressing affordability challenges by providing incentives such as mortgage rate buydowns, which are proving effective in maintaining sales velocity.

Record Home Closings and Net New Orders

Achieved a record for home closings with 1,042 homes delivered and a record for net new orders of 908, marking the highest for any second quarter in company history. Both metrics increased approximately 6% year-over-year.

Strong Gross Margins

Despite a decline, homebuilding gross margins remained robust at 30.4%, marking the ninth consecutive quarter exceeding 30%, which is among the highest in the public homebuilding industry.

Shareholder Returns

Returned $60 million of capital to shareholders through share repurchases and reduced outstanding share count by approximately 16% since 2022.

Expansion of Trophy Signature Homes Brand

Positive reception of Trophy Signature Homes brand with plans to expand in DFW, Austin, and entry into the Houston market.

Strong Financial Position

Net debt to total capital ratio declined to 9.4% and debt to total capital ratio at 14.4%, the lowest since 2015. Maintained a robust cash position of $112 million with no outstanding borrowings.

Green Brick Partners (GRBK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GRBK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	1.49 / -	1.98	―	―	―
Jul 30, 2025	2025 (Q2)	1.93 / 1.85	2.32	-20.26% (-0.47)
Apr 30, 2025	2025 (Q1)	1.76 / 1.67	1.82	-8.24% (-0.15)
Feb 26, 2025	2024 (Q4)	2.02 / 2.31	1.58	46.20% (+0.73)
Oct 30, 2024	2024 (Q3)	2.07 / 1.98	1.56	26.92% (+0.42)
Jul 31, 2024	2024 (Q2)	1.77 / 2.32	1.63	42.33% (+0.69)
May 01, 2024	2024 (Q1)	1.51 / 1.82	1.37	32.85% (+0.45)
Feb 29, 2024	2023 (Q4)	1.77 / 1.58	1.18	33.90% (+0.40)
Oct 31, 2023	2023 (Q3)	1.45 / 1.56	1.57	-0.64% (-0.01)
Aug 02, 2023	2023 (Q2)	1.18 / 1.63	2.08	-21.63% (-0.45)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GRBK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$63.76	$61.94	-2.85%
Apr 30, 2025	$58.99	$58.32	-1.14%
Feb 26, 2025	$57.84	$61.20	+5.81%
Oct 30, 2024	$76.15	$69.01	-9.38%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Green Brick Partners (GRBK) report earnings?

Green Brick Partners (GRBK) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is Green Brick Partners (GRBK) earnings time?

Green Brick Partners (GRBK) earnings time is at Nov 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GRBK EPS forecast?

GRBK EPS forecast for the fiscal quarter 2025 (Q3) is 1.49.

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