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Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information
Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Financial information related to the Company’s reportable segments is as follows (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Revenues: (1)
Builder operations
Central$421,588 $389,168 $783,215 $704,515 
Southeast125,521 157,970 259,211 286,017 
Total builder operations547,109 547,138 1,042,426 990,532 
Land development2,038 13,493 4,342 17,437 
Total revenues$549,147 $560,631 $1,046,768 $1,007,969 
Gross profit:
Builder operations
Central$135,700 $142,534 $252,844 $252,200 
Southeast41,961 57,431 90,422 105,522 
Total builder operations177,661 199,965 343,266 357,722 
Land development1,081 775 2,199 1,080 
Corporate, other and unallocated (2)
(11,228)(11,074)(22,166)(20,879)
Total gross profit$167,514 $189,666 $323,299 $337,923 
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Segment expenses:
Commissions
Builder operations
Central$20,319 $18,770 $37,894 $34,512 
Southeast4,534 5,736 8,968 10,302 
Total builder operations24,853 24,506 46,862 44,814 
Land development— — — — 
Corporate, other and unallocated263 — 503 — 
Total commissions$25,116 $24,506 $47,365 $44,814 
Salaries
Builder operations
Central$11,466 $10,996 $23,243 $22,018 
Southeast6,547 6,840 12,705 12,935 
Total builder operations18,013 17,836 35,948 34,953 
Land development— — — — 
Corporate, other and unallocated1,404 1,071 2,351 2,183 
Total salaries$19,417 $18,907 $38,299 $37,136 
Interest expense (income):
Builder operations
Central$(153)$70 $(225)$60 
Southeast$6,309 10,527 11,149 20,329 
Total builder operations6,156 10,597 10,924 20,389 
Corporate, other and unallocated(6,156)(10,597)(10,924)(20,389)
Land development— — — — 
Total interest expense, net$— $— $— $— 
Other expenses
Builder operations
Central$9,660 $8,970 $19,115 $17,060 
Southeast4,198 3,800 8,216 7,489 
Total builder operations13,858 12,770 27,331 24,549 
Land development238 78 385 142 
Corporate, other and unallocated1,143 1,341 1,287 1,531 
Total other expenses$15,239 $14,189 $29,003 $26,222 
Total segment expenses
Builder operations
Central$41,445 $38,736 $80,252 $73,590 
Southeast15,279 16,376 29,889 30,726 
Total builder operations56,724 55,112 110,141 104,316 
Land development238 78 385 142 
Corporate, other and unallocated2,810 2,412 4,141 3,714 
Total segment expenses$59,772 $57,602 $114,667 $108,172 
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Income before income taxes:
Central$92,904 $104,803 $171,905 $180,324 
Southeast27,795 41,417 62,273 76,211 
Total builder operations120,699 146,220 234,178 256,535 
Land development689 1,542 1,909 2,015 
Corporate, other and unallocated (3)
(9,100)(8,585)(17,651)(3,740)
Income before income taxes$112,288 $139,177 $218,436 $254,810 

June 30, 2025December 31, 2024
Inventory:
Builder operations
Central$688,738 $743,490 
Southeast317,406 318,592 
Total builder operations1,006,144 1,062,082 
Land development915,891 826,687 
Corporate, other and unallocated (4)
54,876 48,963 
Total inventory$1,976,911 $1,937,732 
Goodwill:
Builder operations - Southeast$680 $680 
(1)The sum of Builder operations Central and Southeast segments’ revenues does not equal residential units revenue included in the condensed consolidated statements of income in periods when our builders have revenues from land or lot closings. Land and lot closings revenue were $2.0 million and $4.3 million for the three and six months ended June 30, 2025 and $13.5 million and $17.5 million for the three and six months ended June 30, 2024, respectively.
(2)Corporate, other and unallocated gross loss is comprised of capitalized overhead and capitalized interest adjustments that are not allocated to builder operations and land development segments.
(3)Corporate, other and unallocated income (loss) before income taxes includes results from Green Brick Title, LLC, Ventana Insurance, LLC, GRBK Mortgage, LLC, Green Brick Insurance Services, LLC and investments in unconsolidated subsidiaries, in addition to capitalized cost adjustments that are not allocated to operating segments.
(4)Corporate, other and unallocated inventory consists of capitalized overhead and interest related to work in process and land under development.