Filing Flows › Green Brick Partners (GRBK) › Q3 2026
Green Brick Partners (GRBK) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Green Brick Partners (GRBK) reported revenue of $448M for the third quarter 2026 (Q3 2026), -9% from a year earlier and -9% from the quarter before. Operating margin was 17.4%, net earnings $59.2M (13.2% of revenue).
Green Brick Partners, Q3 2026: revenue $448M (-9% year over year), operating margin 17.4%, net earnings $59.2M, operating cash flow −$52.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $448M | -9% | -9% |
| Gross profit | $123M | -16% | -21% |
| Operating profit | $78.0M | -22% | -27% |
| Net earnings | $59.2M | -20% | -24% |
| Operating cash flow | −$52.5M | — | — |
What changed
Revenue was $448.2M in Q3 2026, down 9% year over year and down 9% from the previous quarter.
Gross margin was 27.3%, down 4.3 points from Q3 2025. Operating profit was $78.0M, a 17.4% margin (down 4.3 points year over year). Operating expenses fell 9% while revenue fell 9%. Net earnings were $59.2M, down 24% year over year. The effective tax rate was 21.2%.
Operating cash flow was −$52.5M. Non-cash charges added back $1.0M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $116.7M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$53.7M.
Questions
What was Green Brick Partners' revenue in the third quarter 2026?
Green Brick Partners (GRBK) reported revenue of $448M for the third quarter 2026 (Q3 2026), -9% from a year earlier and -9% from the quarter before.
Was Green Brick Partners profitable in the third quarter 2026?
Operating profit was $78.0M (17.4% of revenue) and net earnings $59.2M.