Filing Flows › Green Brick Partners (GRBK) › Q1 2026
Green Brick Partners (GRBK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Green Brick Partners (GRBK) reported revenue of $465M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -10% from the quarter before. Operating margin was 18.1%, net earnings $60.9M (13.1% of revenue).
Green Brick Partners, Q1 2026: revenue $465M (-4% year over year), operating margin 18.1%, net earnings $60.9M, operating cash flow $56.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $465M | -10% | -4% |
| Gross profit | $132M | -19% | -15% |
| Operating profit | $84.3M | -26% | -21% |
| Net earnings | $60.9M | -22% | -19% |
| Operating cash flow | $56.3M | -30% | -18% |
| Free cash flow | $55.0M | -30% | -19% |
What changed
Revenue was $465.5M in Q1 2026, down 4% year over year and down 10% from the previous quarter.
Gross margin was 28.3%, down 3.9 points from Q1 2025. Operating profit was $84.3M, a 18.1% margin (down 3.8 points year over year). Operating expenses fell 4% while revenue fell 4%. Net earnings were $60.9M, down 19% year over year. The effective tax rate was 21.9%.
Operating cash flow was $56.3M (down 18% year over year), 85% of net income including minority interests. Non-cash charges added back $1.1M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $14.7M. Capital expenditures of $1.2M left free cash flow of $55.0M.
Questions
What was Green Brick Partners' revenue in the first quarter 2026?
Green Brick Partners (GRBK) reported revenue of $465M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -10% from the quarter before.
Was Green Brick Partners profitable in the first quarter 2026?
Operating profit was $84.3M (18.1% of revenue) and net earnings $60.9M.