Filing Flows › Green Brick Partners (GRBK) › Q2 2026
Green Brick Partners (GRBK) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Green Brick Partners (GRBK) reported revenue of $494M for the second quarter 2026 (Q2 2026), -9% from a year earlier and +6% from the quarter before. Operating margin was 20.1%, net earnings $74.2M (15.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $494M | +6% | -9% |
| Gross profit | $145M | +10% | -13% |
| Operating profit | $99.5M | +18% | -11% |
| Net earnings | $74.2M | +22% | -9% |
| Operating cash flow | −$8.8M | -116% | -112% |
What changed
Revenue was $493.8M in Q2 2026, down 9% year over year and up 6% from the previous quarter. Homebuilders was the largest line at 96% of revenue. Homebuilders lost $60.5M year over year (down 11%), 129% of the total change.
Gross margin was 29.4%, down 1.6 points from Q2 2025. Operating profit was $99.5M, a 20.1% margin (down 0.6 points year over year). Operating expenses fell 17% while revenue fell 9%. Net earnings were $74.2M, down 9% year over year. The effective tax rate was 20.8%.
Operating cash flow was −$8.8M. Non-cash charges added back $1.1M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $90.8M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$9.8M.
Questions
What was Green Brick Partners' revenue in the second quarter 2026?
Green Brick Partners (GRBK) reported revenue of $494M for the second quarter 2026 (Q2 2026), -9% from a year earlier and +6% from the quarter before.
Was Green Brick Partners profitable in the second quarter 2026?
Operating profit was $99.5M (20.1% of revenue) and net earnings $74.2M.