Green Brick Partners (GRBK) Q1 2026 Earnings Summary

Green Brick led the industry with a 28.9% gross margin even as incentives rose to 10.1%, and its Trophy brand built in under 90 days in Dallas.

Quarter ended March 31, 2026.

Closings 908 (flat)
Revenue $465M
Gross margin 28.9%
Orders 1,037 (↓6.2%)

From the call

“Our goal is to maintain approximately 1.5 months of supply of completed specs in our communities.”

Green Brick sets its spec target in months of supply, not a fixed count, so a slow community automatically carries fewer finished homes. It still led the industry on margin.

Source: Green Brick Partners 8-K and earnings call.

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