Filing Flows › Green Brick Partners (GRBK) › Q4 2025
Green Brick Partners (GRBK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Green Brick Partners (GRBK) reported revenue of $518M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and +5% from the quarter before. Operating margin was 21.8%, net earnings $78.4M (15.1% of revenue).
Green Brick Partners, Q4 2025: revenue $518M (-7% year over year), operating margin 21.8%, net earnings $78.4M, operating cash flow $80.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $518M | +5% | -7% |
| Gross profit | $162M | +4% | -16% |
| Operating profit | $113M | +6% | -18% |
| Net earnings | $78.4M | +0.7% | -25% |
| Operating cash flow | $80.0M | — | +176% |
| Free cash flow | $78.4M | — | +180% |
What changed
Revenue was $518.2M in Q4 2025, down 7% year over year and up 5% from the previous quarter.
Gross margin was 31.3%, down 3.7 points from a year earlier. Operating profit was $113.1M, a 21.8% margin (down 3.0 points year over year). Operating expenses fell 13% while revenue fell 7%. Net earnings were $78.4M, down 25% year over year. The effective tax rate was 23.2%.
Operating cash flow was $80.0M (up 176% year over year), 92% of net income including minority interests. Non-cash charges added back $1.2M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $9.5M. Capital expenditures of $1.6M left free cash flow of $78.4M.
Questions
What was Green Brick Partners' revenue in the fourth quarter 2025?
Green Brick Partners (GRBK) reported revenue of $518M for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and +5% from the quarter before.
Was Green Brick Partners profitable in the fourth quarter 2025?
Operating profit was $113M (21.8% of revenue) and net earnings $78.4M.