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Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting 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 September 30,Nine Months Ended September 30,
2025202420252024
Revenues: (1)
Builder operations
Central$391,108 $389,697 $1,174,323 $1,094,212 
Southeast107,983 133,162 367,194 419,179 
Total builder operations499,091 522,859 1,541,517 1,513,391 
Land development— 801 4,342 18,238 
Total revenues$499,091 $523,660 $1,545,859 $1,531,629 
Gross profit:
Builder operations
Central$130,937 $134,759 $383,781 $386,959 
Southeast35,834 47,749 126,256 153,271 
Total builder operations166,771 182,508 510,037 540,230 
Land development— 447 2,199 1,527 
Corporate, other and unallocated (2)
(11,309)(11,392)(33,475)(32,271)
Total gross profit$155,462 $171,563 $478,761 $509,486 
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Segment expenses:
Commissions
Builder operations
Central$19,248 $19,213 $57,142 $53,725 
Southeast3,637 4,771 12,605 15,073 
Total builder operations22,885 23,984 69,747 68,798 
Corporate, other and unallocated579 — 1,082 — 
Total commissions$23,464 $23,984 $70,829 $68,798 
Salaries
Builder operations
Central$11,113 $10,768 $34,356 $32,786 
Southeast6,177 6,394 18,882 19,329 
Total builder operations17,290 17,162 53,238 52,115 
Land development— — — — 
Corporate, other and unallocated2,505 661 3,452 2,844 
Total salaries$19,795 $17,823 $56,690 $54,959 
Interest expense (income):
Builder operations
Central$(228)$(107)$(453)$(47)
Southeast4,656 9,652 15,805 29,981 
Total builder operations4,428 9,545 15,352 29,934 
Corporate, other and unallocated(4,428)(9,545)(15,352)(29,934)
Total interest expense, net$— $— $— $— 
Other expenses
Builder operations
Central$10,831 $10,282 $29,946 $27,342 
Southeast3,963 3,910 12,179 11,399 
Total builder operations14,794 14,192 42,125 38,741 
Land development421 82 806 224 
Corporate, other and unallocated1,071 1,659 2,357 3,190 
Total other expenses$16,286 $15,933 $45,288 $42,155 
Total segment expenses
Builder operations
Central$41,192 $40,263 $121,444 $113,853 
Southeast13,777 15,075 43,666 45,801 
Total builder operations54,969 55,338 165,110 159,654 
Land development421 82 806 224 
Corporate, other and unallocated2,750 2,320 6,891 6,034 
Total segment expenses$58,140 $57,740 $172,807 $165,912 
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Income before income taxes:
Central$91,934 $95,223 $263,839 $275,547 
Southeast22,629 33,601 84,902 109,812 
Total builder operations114,563 128,824 348,741 385,359 
Land development(192)361 1,717 2,376 
Corporate, other and unallocated (3)
(7,736)(10,209)(25,387)(13,949)
Income before income taxes$106,635 $118,976 $325,071 $373,786 

September 30, 2025December 31, 2024
Inventory:
Builder operations
Central$726,614 $743,490 
Southeast319,364 318,592 
Total builder operations1,045,978 1,062,082 
Land development999,323 826,687 
Corporate, other and unallocated (4)
54,794 48,963 
Total inventory$2,100,095 $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. No land or lot closings revenue was recognized for each of the three months ended September 30, 2025 and 2024. Land and lost closings revenue were $4.3 million and $0.1 million for the nine months ended September 30, 2025 and 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.