Homebuilder Green Brick's Q2 revenue beats amid strong Texas demand

The company said strong demand in Texas markets continues despite affordability challenges and economic uncertainty.

Green Brick said sequential backlog growth positions the company for the second half of 2026. It expects strong liquidity and a disciplined capital strategy to support future growth.

U.S. homebuilder Green Brick's Q2 revenue beat analyst expectations, but net income and EPS fell year over year.

• Net new home orders rose 19% year over year, while home closings revenue declined 11%.
• The company repurchased 143,026 shares for about $9.4 million in Q2.
• Q2 homebuilding revenue came in at $481.60 million, above the $473.30 million consensus estimate.
• Q2 net income was $74.17 million, gross margin was 29.80%, gross profit was $145.28 million and pretax profit was $99.48 million.

• Net new home orders rose 19% year over year, driven by targeted incentives and demand in Texas, especially for Trophy Signature Homes.
• Average sales price of homes delivered fell 11.9% year over year as the company used elevated incentives to maintain sales pace amid affordability challenges.
• Financial services operating income rose 91% year over year as Green Brick Mortgage expanded and customer adoption increased.