Green Brick Partners, Inc. announced its financial results for the third quarter ended September 30, 2026, reporting net income attributable to the company of $59 million, or $1.35 per diluted share. This figure represents a decrease from the $78 million, or $1.77 per diluted share, reported in the same period of the previous year. The company reported total homebuilding revenues of $437 million for the quarter, a decline of 9.7% compared to the prior year.
Key operational metrics for the third quarter of 2026 included net new home orders of 926 units, a 3% increase year-over-year, and home deliveries of 978 units, also up 3% from the prior year. The company maintained a gross margin of 28.0% on homebuilding operations. As of September 30, 2026, the company had a backlog of 629 homes with a total value of $379 million. The company’s book value per share increased 14% year-over-year to $46.10.
Financial services operations contributed $5.6 million in operating income for the quarter, an increase of 69% compared to the prior year. Total originations for the quarter were $185 million in loan principal, a 35.6% increase from 2025. The company also reported a cancellation rate of 8.2%.
On the balance sheet, Green Brick ended the quarter with $325 million in liquidity, including $100 million in cash. The company retired $50 million of senior notes and repurchased approximately $17.9 million of common stock during the period. As of September 30, 2026, the company owned 40,869 lots, an 11.4% increase year-over-year.
In other business, the company announced a quarterly dividend for its Series A Preferred Stock. Holders of record as of December 1, 2026, will receive a dividend of $359.38 per share of Series A Preferred Stock, equivalent to $0.35938 per Series A Depositary Share. The dividend will cover the period from September 15, 2026, through December 15, 2026.
