Green Brick Q2 FY26 net income falls 9.5% to $74.17 million; revenue drops 9.9% to $481.6 million - GRBK News | RalliesGreen Brick Q2 FY26 net income falls 9.5% to $74.17 million; revenue drops 9.9% to $481.6 million
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GRBK• Q2 results and operating trends
- Green Brick Partners posted Q2 net income attributable to shareholders of $74 million, down 9.5%, with diluted EPS of $1.70.
- Revenue fell 8.7% to $493.84 million, while homebuilding gross margin narrowed 1.5 percentage points to 29.8%.
- Net new home orders climbed 19% to 1,079, with backlog at 681 homes valued at $387 million.
- Liquidity stood at $462 million, including $132 million of cash; the company repurchased 143,026 shares for about $9.4 million.
Management commentary and market conditions
- The company delivered its first homes in Houston.
- CEO Jim Brickman said demand in Texas remained strong despite affordability challenges and economic uncertainty.
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