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Green Brick Partners cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$53.7M in Q3 2026 · $69.9M over twelve months

Operating cash flow−$52.5M
Capital spending−$1.2M
Free cash flow−$53.7M
Cash / net income-0.9×

Analysis

In Q3 2026, Green Brick Partners generated −$52.5M of operating cash flow and spent $1.2M on capital projects, leaving free cash flow of −$53.7M. That is $41.7M less than in Q3 2025 (−$12.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $74.9M; the largest uses were buybacks ($57.4M), other investing ($29.1M), net borrowing (+) / repaid (−) ($20.0M); besides operations, cash came from other financing ($11.2M); the cash balance fell by $49.9M.

Operating cash flow was −$52.5M against net income of $61.4M — -0.9× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$84.3M, accrued liabilities −$27.6M, payables −$6.9M.

Free cash flow

Green Brick Partners: free cash flow by quarterGreen Brick Partners: free cash flow by quarter$28.1MQ4 2024$68.0MQ1 2025$74.0MQ2 2025−$12.0MQ3 2025$78.4MQ4 2025$55.0MQ1 2026−$9.8MQ2 2026−$53.7MQ3 2026
Operating cash flow less capital spending.
Green Brick Partners: operating cash flow against capital spendingGreen Brick Partners: operating cash flow against capital spendingOperating cash flowCapital spending$28.9M$883KQ4 2024$68.7M$713KQ1 2025$74.7M$687KQ2 2025−$10.2M$1.8MQ3 2025$80.0M$1.6MQ4 2025$56.3M$1.2MQ1 2026−$8.8M$963KQ2 2026−$52.5M$1.2MQ3 2026
Latest (Q3 2026): Operating cash flow −$52.5M, Capital spending $1.2M.

Capital allocation, year by year

Green Brick Partners: where the cash came from (up) and went (down), by fiscal yearGreen Brick Partners: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY2021: Operating cash flow −$92.4MFY2021: Net borrowing $117MFY2021: Shares issued $47.7MFY2021: Capital spending −$2.0M$165MFY2021FY2022: Operating cash flow $90.7MFY2022: Net borrowing $32.5MFY2022: Capital spending −$2.0MFY2022: Buybacks −$101MFY2022: Dividends −$2.8M$123MFY2022FY2023: Operating cash flow $213MFY2023: Net borrowing −$21.7MFY2023: Capital spending −$7.8MFY2023: Buybacks −$45.8MFY2023: Dividends −$2.9M$213MFY2023FY2024: Operating cash flow $25.9MFY2024: Net borrowing −$81.0MFY2024: Shares issued $70.3MFY2024: Capital spending −$4.4MFY2024: Buybacks −$48.4MFY2024: Dividends −$2.9M$96.3MFY2024FY2025: Operating cash flow $213MFY2025: Net borrowing −$62.5MFY2025: Capital spending −$4.8MFY2025: Buybacks −$83.8MFY2025: Dividends −$2.9M$213MFY2025
Over these 5 years operating cash flow totalled $451M; the largest uses were buybacks ($279M) and net borrowing ($165M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$100M
Debt$323M
Net debt$223M
Due within a year$106M
Cash runway6 months

Green Brick Partners is burning cash: its operations consume cash, a free cash flow of −$215M a year at the current rate against $100M of cash and investments: a runway of about 6 months; $106M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Green Brick Partners: debt maturities by year (FY2025)Green Brick Partners: debt maturities by year (FY2025)$106MYear 1$92.1MYear 2$55.0MYear 3$70.0MYear 4
Principal due in each year as disclosed in the annual report, against $100M of cash and investments now.

Where the cash came from and went

Green Brick Partners: sources (+) and uses (−) of cash, Q3 2026Green Brick Partners: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$53.7MOperating cash flow−$52.5MCash drawn (+) / kept (−)$28.8MBuybacks−$17.9MOther investing−$10.0MCapital spending−$1.2MDividends−$719KOther financing−$195K
Green Brick Partners: sources (+) and uses (−) of cash, TTM to Q3 2026Green Brick Partners: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$74.9MBuybacks−$57.4MCash drawn (+) / kept (−)$49.9MOther investing−$29.1MNet borrowing (+) / repaid (−)−$20.0MPartners−$19.8MOther financing$11.2MCapital spending−$5.0MDividends−$2.9MTaxes on employees’ shares−$1.8M

From profit to cash

Green Brick Partners: net income to operating cash flow, Q3 2026Green Brick Partners: net income to operating cash flow, Q3 2026Net income$61.4MDepreciation & amortization$1.0MStock-based pay$1.8MGains on disposals$33KReceivables$3.4MInventory−$84.3MPayables−$6.9MAccrued liabilities−$27.6MDeferred revenue$1.6MPrepaid and other assets−$1.1MOperating cash flow−$52.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026−$52.5M−$1.2M−$17.9M−$719K$53.7M$28.8M−$53.7M
Q2 2026−$8.8M−$963K−$9.4M−$719K—$22.6M−$9.8M
Q1 2026$56.3M−$1.2M−$7.3M−$719K−$25.0M$14.0M$55.0M
Q4 2025$80.0M−$1.6M−$23.0M−$719K−$50.0M−$15.5M$78.4M
Q3 2025−$10.2M−$1.8M—−$718K$47.9M−$29.7M−$12.0M
Q2 2025$74.7M−$687K−$43.8M−$719K−$571K−$10.9M$74.0M
Q1 2025$68.7M−$713K−$16.9M−$719K−$49.4M$24.8M$68.0M
Q4 2024$28.9M−$883K−$393K−$719K$39.9M−$55.0M$28.1M

Green Brick Partners: income statement and cash flow

Green Brick Partners, Q3 2026: revenue $448M (-9% year over year), operating margin 17.4%. The chart follows the revenue to costs, profit and cash.

Green Brick Partners: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.