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Green Brick Partners GRBK Inventory owned excluding consolidated VIE

Inventory owned excluding consolidated VIE at other companies

M/I Homes logo
M/I HomesMHO
$13.73M+164%
Lennar logo
LennarLEN
$12.12B-10.9%
Lennar logo
LennarLEN
$212.88M-66.9%
Lennar logo
LennarLEN
$1.65B-52.3%
Lennar logo
LennarLEN
$0
Lennar logo
LennarLEN
$0

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$3.14B+10.8%
Enterprise value$2.99B+11.1%
P/E10.8×+2.7×
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 grbk:InventoryOwnedExcludingConsolidatedVIE.

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 itemAs of December 31, 2025As of December 31, 2024
Restricted cash36,39518,153
Receivables39,98213,858
Real estate inventory:
Inventory owned1,941,5241,771,203
Consolidated inventory related to VIE157,687166,529
Total inventory2,099,2111,937,732
Mortgage loans held for sale49,099
Investments in unconsolidated entities93,05060,582

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Green Brick Partners's inventory owned excluding consolidated VIE?
Green Brick Partners (GRBK) reported inventory owned excluding consolidated VIE of $1.94B in Q4 2025.
What does inventory owned excluding consolidated VIE mean?
This metric captures the value of land and housing inventory directly owned by the company, excluding assets held by variable interest entities (VIEs). It reflects the company's direct capital commitment to land development and homebuilding projects. This is a key indicator of the company's asset base and its ability to control development timelines independently.

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