Filing Flows › Green Brick Partners (GRBK) › Q2 2026 › vs Q2 2025
Green Brick Partners (GRBK) Q2 2026 vs Q2 2025 (year over year)
Green Brick Partners's revenue fell $47.0M (-9%) from $541M in Q2 2025 to $494M in Q2 2026. The biggest changes: Homebuilders −$60.5M (-11%); Land Subdivider and Developers +$7.6M (+371%); Financial Services +$5.9M (+94%). Gross margin 29.4% against 31.0% (-1.6 pts).
Green Brick Partners, Q2 2026: revenue $494M (-9% year over year), operating margin 20.1%, net earnings $74.2M, operating cash flow −$8.8M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 29.4% | 31.0% | -1.6 pts |
| Operating margin | 20.1% | 20.8% | -0.6 pts |
| Net margin | 15.0% | 15.2% | -0.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Homebuilders | $472M | $533M | −$60.5M | -11% |
| Financial Services | $12.2M | $6.3M | $5.9M | +94% |
| Land Subdivider and Developers | $9.6M | $2.0M | $7.6M | +371% |
| Revenue | $494M | $541M | −$47.0M | -9% |
| Gross profit | $145M | $168M | −$22.2M | -13% |
| Cost of revenue | $349M | $373M | −$24.8M | -7% |
| Operating profit | $99.5M | $112M | −$12.8M | -11% |
| Operating expenses | $45.8M | $55.2M | −$9.4M | -17% |
| Pre-tax earnings | $99.5M | $112M | −$12.8M | -11% |
| Net earnings | $74.2M | $81.9M | −$7.8M | -9% |
| Minority interests | $4.6M | $7.4M | −$2.8M | -38% |
| Income tax | $20.7M | $23.0M | −$2.3M | -10% |
| Operating cash sources | $86.2M | $9.7M | $76.5M | +787% |
| Depreciation & amortization | $1.1M | $1.1M | −$5K | -0.5% |
| Share-based compensation | $2.1M | $1.4M | $700K | +50% |
| Cash used in operations | $8.8M | −$74.7M | $83.6M | — |
| Working capital & other | $86.2M | $9.7M | $76.5M | +787% |
Questions
How much did Green Brick Partners's revenue grow year over year in Q2 2026?
Green Brick Partners's revenue fell $47.0M (-9%) from $541M in Q2 2025 to $494M in Q2 2026.
What drove Green Brick Partners's revenue change in Q2 2026?
Homebuilders −$60.5M (-11%); Land Subdivider and Developers +$7.6M (+371%); Financial Services +$5.9M (+94%).