Green Brick Partners reported record full-year results for 2025, driven by strong home deliveries and revenue, despite ongoing affordability challenges. The company maintained peer-leading gross margins and a strong balance sheet, positioning itself for future growth.
Full year 2025 net income of $313 million, a record year for the company.
positiveFull year 2025 new home deliveries of 3,943, a record year on record.
positiveFull year 2025 home closings revenue of $2,091 million, a record year on record.
positiveFull year homebuilding gross margins of 30.5%, leading the public homebuilding industry.
positiveHomebuilding debt-to-total capital ratio improved to 12.8% from 17.2% in the prior year.
positiveAdopted a new share repurchase plan of $150 million.
positiveQ4 2025 total revenues decreased 2.6% year-over-year to $552.6 million.
negativeQ4 2025 total gross profit decreased 16.5% year-over-year to $162.0 million.
negativeQ4 2025 net income attributable to Green Brick Partners, Inc. decreased 24.5% year-over-year to $78.4 million.
negativeQ4 2025 diluted EPS decreased 22.9% year-over-year to $1.78.
negativeHomebuilding gross margin percentage decreased 490 bps year-over-year to 29.4% in Q4 2025.
negativeBacklog revenue decreased 28.5% year-over-year to $354.3 million in Q4 2025.
negativeHomes under construction decreased 12.5% year-over-year to 2,048 in Q4 2025.
negativeFull year 2025 total revenues were flat year-over-year at $2,098.5 million.
negativeFull year 2025 total gross profit decreased 8.9% year-over-year to $640.8 million.
negativeFull year 2025 net income attributable to Green Brick Partners, Inc. decreased 17.9% year-over-year to $313.2 million.
negativeFull year 2025 diluted EPS decreased 16.3% year-over-year to $7.07.
negativeHomebuilding gross margin percentage decreased 330 bps year-over-year to 30.5% for the full year 2025.
negativeSelling, general and administrative expenses as a percentage of residential units revenue increased 20 bps year-over-year to 11.1% for the full year 2025.
negativeInventory owned increased 9.6% year-over-year to $1,941.5 million.
negativeTotal inventory increased 8.3% year-over-year to $2,099.2 million.
negativeAccounts payable increased 58.2% year-over-year to $94.5 million.
negativeAccrued expenses increased 38.7% year-over-year to $152.6 million.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
Delivered strong fourth quarter results despite ongoing affordability challenges and softening consumer confidence.
Achieved the best year in company history with regards to new home deliveries and home closings revenue.
Gross margins of 30.5% for the full year continue to lead the public homebuilding industry, a testament to our strong land position, self-development strategy, and focus on infill communities.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.