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Green Brick Partners GRBK Land development — Revenue

Other segment segments

Builder operations
$549.96M-1.2%
Homebuilders
$472M-13.7%
Land Subdivider and Developers
$9.6M+371%

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Other financials

Income statement

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Revenue$493.8M-7.6%
Gross profit$157.5M-6.0%
Net income$74.2M-9.5%
EPS (diluted)$1.70-8.1%

Balance sheet

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Cash & equivalents$154.4M+5.9%
Total debt$7.8M-1.1%
Total equity$2.0B+14.5%
Total assets$2.6B+12.8%

Cash flow

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Operating cash flow$56.3M-18.2%
CapEx$963.0K+40.2%
Free cash flow$55.0M-19.1%

Valuation

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Market cap$3.07B+7.9%
Enterprise value$2.93B+8.0%
P/E10.6×+2.4×
P/S1.6×+0.2×

Profitability

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Gross margin30.6%-2.0pp
Operating margin9.6%
Net margin14.7%-1.9pp
FCF margin10.3%+6.1pp

Returns & leverage

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Return on equity15.7%-6.4pp
Debt / equity0.0×

Where this comes from

Reported directly by Green Brick Partners in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Green Brick Partners’s 10-K/A, filed May 11, 2026.

Filed
May 11, 2026, 4:12 PM EDT
Fiscal year
FY2025
Accession
0001628280-26-033478
Line itemYear Ended December 31, 2023 / As previously reportedYear Ended December 31, 2023 / CorrectionsYear Ended December 31, 2023 / As restatedYear Ended December 31, 2024 / As previously reportedYear Ended December 31, 2024 / CorrectionsYear Ended December 31, 2024 / As restatedYear Ended December 31, 2025 / As previously reportedYear Ended December 31, 2025 / CorrectionsYear Ended December 31, 2025 / As restated
Revenues:
Builder operations
Central$1,270,599$(25,789)$1,244,810$1,489,582$(34,720)$1,454,862$1,579,545$(54,584)$1,524,961
Southeast499,131(2,611)496,520580,664(2,748)577,916511,932(3,893)508,039
Total builder operations1,769,730(28,400)1,741,3302,070,246(37,468)2,032,7782,091,477(58,477)2,033,000
Land development7,9807,98028,69728,6976,994$6,994
Total revenue$1,777,710$(28,400)$1,749,310$2,098,943$(37,468)$2,061,475$2,098,471$(58,477)$2,039,994

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Green Brick Partners's land development — revenue?
Green Brick Partners (GRBK) reported land development — revenue of $2.65M in Q4 2025.
How has Green Brick Partners's land development — revenue changed year-over-year?
Green Brick Partners's land development — revenue decreased by 74.6% year-over-year, from $10.46M to $2.65M.
What is the long-term trend for Green Brick Partners's land development — revenue?
Over 4 years (2021 to 2025), Green Brick Partners's land development — revenue has grown at a -42.6% compound annual growth rate (CAGR), from $64.64M to $6.99M.
What does land development — revenue mean?
This metric represents the total revenue generated from the sale of developed land parcels to third-party builders or internal homebuilding operations. It reflects the company's ability to monetize land holdings through subdivision and infrastructure improvements. This is a key indicator of the scale and velocity of the land development business segment.

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