Exhibit 99
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GREEN BRICK PARTNERS, INC. REPORTS THIRD QUARTER 2026 RESULTS


PLANO, Texas, October 28, 2026 — Green Brick Partners, Inc. (NYSE: GRBK) (“Green Brick,” “we,” or the “Company”), today announced results for its third quarter ended September 30, 2026. Net income attributable to Green Brick in the third quarter was $59 million or $1.35 per diluted share, compared to net income attributable to Green Brick in the third quarter of 2025 of $78 million, or $1.77 per diluted share.

2026 THIRD QUARTER HIGHLIGHTS

•Net new home orders of 926, up 3% year over year
•New home deliveries of 978, up 3% year over year
•Homebuilding gross margins of 28.0%
•Backlog of 629 homes with a dollar value of $379 million
•Home closing revenue of $437 million
•Book value of $46.10 per share increased 14% year over year
•Retired $50 million of 4.00% senior notes due August 2026
•Quarter-end liquidity of $325 million, including $100 million of cash
•Homebuilding debt to total capital of 13.1%; net homebuilding debt to total capital of 9.6%
•Cancellation rate of 8.2%
•Repurchased 264,215 shares of common stock for approximately $17.9 million

Jim Brickman, Co-CEO and Co-Founder said, "Our third quarter results demonstrate the resilience of Green Brick's differentiated operating model in a challenging housing environment. Despite continued affordability pressures, broader economic uncertainty and an increasing rate environment, demand across our markets remained resilient as buyers responded to our incentive strategy and attractive product offerings, particularly within Trophy Signature Homes. We continue to respond to deteriorating market conditions to maintain sales pace. Net new home orders of 926 was a 3% increase from the prior year, our sales pace declined slightly to 2.8 sales per community, and our cancellation rate was relatively low at 8.2%. While incentives on the company's growing new orders were elevated at 11% we were still able to maintain industry leading gross margins of 28.0%. We believe these results demonstrate the value of our communities and the ability of our operators to balance price, pace and profitability as market conditions evolve."

Jed Dolson, Co-CEO said, "Our third quarter results reflect disciplined execution, the continued growth of our Trophy Signature Homes brand in our core Texas markets, and the benefits of our long-standing strategy of owning and self-developing land in desirable infill and infill-adjacent submarkets. By securing land positions well in advance of home deliveries, we believe we have largely locked in our lot costs and are less exposed to inflation in finished lot pricing than many builders that rely primarily on third-party developers."

"Our financial services operations also continued to gain scale," added Mr. Dolson. "Financial services operating income for the quarter increased 69% year over year to $5.6 million and approximately $16 million for the first nine months of the year. Green Brick Mortgage continued to increase its capture in our core Texas markets, enhancing the homebuying experience while providing an additional source of earnings growth."

During the quarter, Green Brick retired $50 million of 4.00% senior notes and repurchased approximately $17.9 million of common stock while continuing to invest in our land pipeline. The company ended the quarter with $325 million of liquidity, homebuilding debt to total capital of 13.1% and net homebuilding debt to total capital of 9.6%, compared to 15.3% and 9.5%, respectively, over the prior year. At the same time, our owned lot position increased to 40,869 as of September 30, 2026, up 11.4% year over year and book value per share increased 14% to $46.10.



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Mr. Brickman concluded, “We maintained a balance sheet with investment-grade characteristics, supported by low leverage, substantial liquidity, and significant financial flexibility, enabling Green Brick to remain patient and selective while continuing to invest through the current down-cycle. We believe our combination of resilient demand, differentiated margins, low leverage and a well-located land pipeline positions us to navigate the current environment and capitalize on future growth opportunities while continuing to generate attractive long-term returns for shareholders."


Results for the Quarter Ended September 30, 2026
(Dollars in thousands, except per share data)Three Months Ended September 30,
20262025Change
New homes delivered978 953 2.6 %
Total homebuilding revenues$437,043 $484,216 (9.7)%
Homebuilding cost of revenues
314,475 328,754 (4.3)%
Total gross profit$122,568 $155,462 (21.2)%
Income before income taxes$77,975 $106,635 (26.9)%
Net income attributable to Green Brick Partners, Inc.$59,160 $77,853 (24.0)%
Diluted net income attributable to Green Brick Partners, Inc. per common share$1.35 $1.77 (23.7)%
Residential units revenue$437,043 $484,216 (9.7)%
Average sales price of homes delivered$446.7 $508.1 (12.1)%
Homebuilding gross margin percentage28.0 %32.1 %-410 bps
Backlog revenue$379,345 $456,783 (17.0)%
Backlog units629 675 (6.8)%
Homes under construction2,181 2,202 (1.0)%


Three Months Ended September 30,
20262025%
Total financial services revenues$11,161 $7,350 51.9 %
Financial services expenses(5,557)(4,033)37.8 %
Financial services operating income$5,604 $3,317 68.9 %
Total originations:
Loans49935142.2%
Principal$185,042 $136,469 35.6%
Average FICO score734740






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Results for the Nine Months Ended September 30, 2026:
(Dollars in thousands, except per share data)Nine Months Ended September 30,
20262025Change
New homes delivered2,933 2,905 1.0 %
Total homebuilding revenues$1,374,626 $1,503,232 (8.6)%
Homebuilding cost of revenues
975,067 1,024,471 (4.8)%
Total gross profit$399,559 $478,761 (16.5)%
Income before income taxes$261,715 $325,071 (19.5)%
Net income attributable to Green Brick Partners, Inc.$194,275 $234,860 (17.3)%
Diluted net income attributable to Green Brick Partners, Inc. per common share$4.44 $5.29 (16.1)%
Residential units revenue$1,357,526 $1,498,890 (9.4)%
Average sales price of homes delivered$462.5 $516.0 (10.4)%
Homebuilding gross margin percentage29.0 %31.8 %-280 bps

Nine Months Ended September 30,
20262025%
Total financial services revenues$33,076 $18,532 78.5 %
Financial services expenses(17,512)(10,442)67.7 %
Financial services operating income$15,564 $8,090 92.4 %
Total originations:
Loans1385602130.1%
Principal$531,928 $245,370 116.8%
Average FICO score737741
Earnings Conference Call:
We will host our earnings conference call to discuss our third quarter ended September 30, 2026 at 12:00 p.m. Eastern Time on Thursday, October 29, 2026. The call can be accessed by dialing 1-833-461-5787 for domestic participants or 1-585-542-9983 for international participants and should reference meeting number 508 067 954. Participants may also join the call via webcast at: https://events.q4inc.com/attendee/508067954.

A telephone replay of the call will be available through November 30, 2026. To access the telephone replay, the domestic dial-in number is 1-833-309-1852 and the access code is 508 067 954, or by using the link at investors.greenbrickpartners.com.

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GREEN BRICK PARTNERS, INC.
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
(Unaudited)


Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Revenues
Residential units revenue$437,043 $484,216 $1,357,526 $1,498,890 
Land and lots revenue— — 17,100 4,342 
437,043 484,216 1,374,626 1,503,232 
Financial services revenue
$11,161 $7,350 $33,076 $18,532 
Total revenues448,204 491,566 1,407,702 1,521,764 
Homebuilding cost of revenues
Cost of residential units314,475 328,754 964,509 1,022,279 
Cost of land and lots— — 10,558 2,192 
314,475 328,754 975,067 1,024,471 
Financial services expenses(5,557)(4,102)(17,512)(10,580)
Selling, general and administrative expenses(51,761)(55,223)(158,750)(165,227)
Equity in income of unconsolidated entities367 422 2,098 1,406 
Other income, net1,197 2,726 3,244 2,179 
Income before income taxes77,975 106,635 261,715 325,071 
Income tax expense16,559 23,226 55,683 68,406 
Net income61,416 83,409 206,032 256,665 
Less: Net income attributable to noncontrolling interests2,256 5,556 11,757 21,805 
Net income attributable to Green Brick Partners, Inc.$59,160 $77,853 $194,275 $234,860 
Net income attributable to Green Brick Partners, Inc. per common share:
Basic$1.36 $1.77 $4.46 $5.30 
Diluted$1.35 $1.77 $4.44 $5.29 
Weighted average common shares used in the calculation of net income attributable to Green Brick Partners, Inc. per common share:
Basic42,958 43,541 43,059 43,914 
Diluted43,204 43,632 43,283 44,031 

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GREEN BRICK PARTNERS, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)    (Unaudited)
September 30, 2026December 31, 2025
ASSETS
Cash and cash equivalents$99,970 $154,590 
Restricted cash25,615 36,395 
Receivables24,891 39,982 
Real estate inventory:
Inventory owned2,149,081 1,941,524 
Consolidated inventory related to VIE189,403 157,687 
Total inventory2,338,484 2,099,211 
Mortgage loans held for sale
33,143 49,099 
Investments in unconsolidated entities86,862 93,050 
Right-of-use assets - operating leases6,396 7,475 
Property and equipment, net6,570 6,316 
Earnest money deposits15,280 13,151 
Deferred income tax assets, net11,243 11,243 
Intangible assets, net133 197 
Goodwill680 680 
Other assets26,680 23,378 
Total assets$2,675,947 $2,534,767 
LIABILITIES AND EQUITY
Liabilities:
Accounts payable$104,062 $94,516 
Accrued expenses105,042 152,637 
Customer and builder deposits27,983 25,716 
Lease liabilities - operating leases7,464 8,637 
Borrowings on lines of credit, net103,071 (2,465)
Warehouse lines of credit
33,355 46,398 
Senior unsecured notes, net187,219 261,972 
Notes payable14,371 14,371 
Total liabilities582,567 601,782 
Commitments and contingencies
Redeemable noncontrolling interest in equity of consolidated subsidiary56,307 52,271 
Equity:
Green Brick Partners, Inc. stockholders’ equity
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of September 30, 2026 and December 31, 2025, respectively
47,603 47,603 
Common stock, $0.01 par value: 100,000,000 shares authorized; 42,743,015 issued and outstanding as of September 30, 2026 and 43,205,947 issued and outstanding as of December 31, 2025, respectively
427 432 
Additional paid-in capital242,802 243,816 
Retained earnings1,727,412 1,567,111 
Total Green Brick Partners, Inc. stockholders’ equity2,018,244 1,858,962 
Noncontrolling interests18,829 21,752 
Total equity2,037,073 1,880,714 
Total liabilities and equity$2,675,947 $2,534,767 

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GREEN BRICK PARTNERS, INC.
SUPPLEMENTAL INFORMATION
(Unaudited)

Residential Units Revenue and New Homes Delivered (dollars in thousands)Three Months Ended September 30,Nine Months Ended September 30,
20262025Change%20262025Change%
Home closings revenue$436,919 $484,184 $(47,265)(9.8)%$1,356,380 $1,498,858 $(142,478)(9.5)%
Mechanic’s lien contracts revenue124 32 92 287.5%1,146 32 1,114 3,481.3 %
Residential units revenue$437,043 $484,216 $(47,173)(9.7)%$1,357,526 $1,498,890 $(141,364)(9.4)%
New homes delivered978 953 25 2.6%2,933 2,905 28 1.0 %
Average sales price of homes delivered$446.7 $508.1 $(61.4)(12.1)%$462.5 $516.0 $(53.5)(10.4)%
    

Land and Lots Revenue
(dollars in thousands)		Three Months Ended September 30,Nine Months Ended September 30,
20262025Change%20262025Change%
Lots revenue$— $— $— —%$7,500 $4,342 $3,158 72.7 %
Land revenue— — — —%9,600 — 9,600 100.0%
Land and lots revenue$— $— $— —%$17,100 $4,342 $12,758 293.8 %
Lots closed— — — —%75 42 33 78.6 %
Average sales price of lots closed$— $— $— —%$100.0 $103.4 $(3.4)(3.3)%

New Home Orders and Backlog
(dollars in thousands)		Three Months Ended September 30,Nine Months Ended September 30,
20262025Change%20262025Change%
Net new home orders926 898 28 3.1%3,042 2,912 130 4.5 %
Revenue from net new home orders$428,877 $433,862 $(4,985)(1.1)%$1,391,120 $1,513,535 $(122,415)(8.1)%
Average selling price of net new home orders$463.2 $483.1 $(19.9)(4.1)%$457.3 $519.8 $(62.5)(12.0)%
Cancellation rate8.2 %6.7 %1.5 %22.4%7.9 %7.5 %0.4 %5.3 %
Absorption rate per average active selling community per quarter8.5 8.7 (0.2)(2.3)%9.5 9.3 0.2 2.2 %
Average active selling communities109 103 6 5.8%107 104 3 2.9 %
Active selling communities at end of period104 100 4 4.0%
Backlog revenue$379,345 $456,783 $(77,438)(17.0)%
Backlog units629 675 (46)(6.8)%
Average sales price of backlog$603.1 $676.7 $(73.6)(10.9)%
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GREEN BRICK PARTNERS, INC.
SUPPLEMENTAL INFORMATION
(Unaudited)
September 30, 2026December 31, 2025
Central(1)
Southeast(2)
Total
Central(1)
Southeast(2)
Total
Lots owned
Finished lots4,406 1,166 5,572 4,518 663 5,181 
Lots in communities under development30,508 989 31,497 26,339 1,703 28,042 
Land held for future development(3)
3,800 — 3,800 3,800 — 3,800 
Total lots owned38,714 2,155 40,869 34,657 2,366 37,023 
Lots under contract
Lots and land under option contracts5,895 1,658 7,553 8,297 955 9,252 
Lots under option through unconsolidated development joint ventures2,985 28 3,013 2,488 65 2,553 
Total lots under contract(4)
8,880 1,686 10,566 10,785 1,020 11,805 
Total lots owned and under contract (5)
47,594 3,841 51,435 45,442 3,386 48,828 
Percentage of lots owned81.3 %56.1 %79.5 %76.3 %69.9 %75.8 %
(1)    The Texas market.
(2)    The Atlanta and Florida markets.
(3)    Land held for future development consists of raw land parcels where development activities have been postponed due to market conditions or other factors.
(4)    As of September 30, 2026 and December 31, 2025, 28.6% and 16.6% of the total lots under contract had refundable deposits.
(5)    Total lots excludes lots with homes under construction.

Non-GAAP Financial Measures
In this press release, we utilize certain financial measures that are non-GAAP financial measures as defined by the Securities and Exchange Commission. We present these measures because we believe they and similar measures are useful to management and investors in evaluating our operating performance and financing structure. We also believe these measures facilitate the comparison of our operating performance and financing structure with other companies in our industry. Because these measures are not calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), they may not be comparable to other similarly titled measures of other companies and should not be considered in isolation or as a substitute for, or superior to, financial measures prepared in accordance with GAAP.

The following table represents the non-GAAP measure of net homebuilding debt to total capitalization. Net homebuilding debt to total capitalization is calculated as the total debt less cash and cash equivalents, divided by the sum of total Green Brick Partners, Inc. stockholders’ equity and total debt less homebuilding cash and cash equivalents. The closest GAAP financial measure to the net debt to total capitalization ratio is the debt to total capitalization ratio. Homebuilding debt to total capitalization ratio is calculated as the sum of borrowings on lines of credit, the senior unsecured notes, and notes payable, net of debt issuance costs (“total debt”), divided by the total capitalization, which equals the sum of Green Brick Partners, Inc. stockholders’ equity and total debt. The following table represents a reconciliation of the net homebuilding debt to total capitalization ratio as of September 30, 2026:

Total capitalization
Homebuilding capitalization(1)
GrossCash and cash equivalentsNetGrossCash and cash equivalentsNet
Total debt, net of debt issuance costs$338,016$(99,970)$238,046$304,661$(90,277)$214,384
Total Green Brick Partners, Inc. stockholders’ equity2,018,244— 2,018,2442,018,244— 2,018,244
Total capitalization $2,356,260$(99,970)$2,256,290$2,322,905$(90,277)$2,232,628
Debt to total capitalization ratio14.3 %13.1 %
Net debt to total capitalization ratio10.6 %9.6 %
(1) Homebuilding capitalization ratio excludes cash and debt related to our wholly owned mortgage company.
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About Green Brick Partners, Inc.
Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a 50% interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St. Lucie, Florida (GHO Homes). Green Brick also retains interests in related financial services platforms, including Green Brick Title, GRBK Mortgage, and Green Brick Insurance. Green Brick is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities. For more information about Green Brick Partners Inc.’s subsidiary homebuilders, please visit https://greenbrickpartners.com/brands-services/.

Forward-Looking and Cautionary Statements:
This press release and our earnings call contain “forward-looking statements” within the meaning of the Private Securities Litigation Act of 1995. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts and typically include the words “anticipate,” “believe,” “consider,” “estimate,” “expect,” “feel,”, “poised,” “intend,” “plan,” “predict,” “seek,” “strategy,” “target,” “will” or other words of similar meaning. Specifically, these statements reflect our beliefs and expectations regarding (i) the ability of our operators to balance price, pace and profitability as market conditions evolve; (ii) our ability to navigate the current environment and capitalize on future growth opportunities while continuing to generate attractive long-term returns; (iii) our belief regarding our lot costs and our exposure to inflation; (iv) the resiliency of our demand; (v) our strategic advantages, including our unique business model and focus on infill and infill-adjacent locations, and the impact on our future results; (vi) the opportunities created by cyclical downturns; (vii) our ability to minimalize our exposure to cost inflation and fees; (viii) our ability to continue to deliver peer-leading gross margins; (ix) our integrated financial services offerings and its impact on our results; (x) our ability to adjust pricing in order to meet market demand; (xi) our investments in land, lots and development in 2026; (xii) our projections for land development in 2026; (xiii) our competitive advantages; (xiv) our land pipeline and the impact it will have on our future success; (xv) our expectations for Green Brick Mortgage’s capture rate in 2026; (xvi) our land position; (xvii) our lot and land strategy and its impact on our future financial position; (xviii) our expectations for expansion and growth of our Trophy brand and the impact that expansion will have on our future results; (xxix) our ability to opportunistically deploy capital to maximize shareholder returns, and to accelerate growth as the housing market improves; (xx) the desirability of our communities; (xxi) our future financial and operational performance; (xxii) the timing of our expansion of Green Brick Mortgage; and (xxiii) expansion of our financial services through Green Brick Mortgage and Green Brick Insurance. These forward-looking statements reflect our current views about future events and involve estimates and assumptions which may be affected by risks and uncertainties in our business, as well as other external factors, which could cause future results to materially differ from those expressed or implied in any forward-looking statement. These risks include, but are not limited to: (1) general economic conditions, seasonality, cyclicality and competition in the homebuilding industry; (2) changes in macroeconomic conditions, including increasing interest rates and inflation that could adversely impact demand for new homes or the ability of potential buyers to qualify; (3) shortages, delays or increased costs of raw materials and increased demand for materials, or increases in other operating costs, including costs related to labor, real estate taxes and insurance, which in each case exceed our ability to increase prices; (4) significant periods of inflation or deflation; (5) a shortage of labor; (6) an inability to acquire land in our markets at anticipated prices or difficulty in obtaining land-use entitlements; (7) our inability to successfully execute our strategies, including the successful development of our communities within expected time frames and the growth and expansion of our Trophy brand; (8) a failure to recruit, retain or develop highly skilled and competent employees; (9) the geographic concentration of our operations; (10) government regulation risks; (11) adverse changes in the availability or volatility of mortgage financing; (12) severe weather events or natural disasters; (13) difficulty in obtaining sufficient capital to fund our growth; (14) our ability to meet our debt service obligations; (15) a decline in the value of our inventories and resulting write-downs of the carrying value of our real estate assets; (16) our ability to adequately self-insure; and (17) changes in accounting standards that adversely affect our reported earnings or financial condition. Green Brick assumes no obligation to update any forward-looking statements, which speak only as of the date they are made. For a more detailed discussion of these and other risks and uncertainties applicable to Green Brick please see our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.


Contact:
Investor Relations
469-573-6755
IR@greenbrickpartners.com
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