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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 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 relating to the Company’s reportable segments is as follows.
| Three Months Ended March 31,
(in thousands) | 2025 |  | 2024
Revenues: (1) |  |  |
Builder operations |  |  |
Central | $ | 361,627 |  |  | $ | 315,347 |
Southeast | 133,690 |  |  | 128,047 |
Total builder operations | 495,317 |  |  | 443,394 |
Land development | 2,304 |  |  | 3,944 |
Total revenues | $ | 497,621 |  |  | $ | 447,338 |
Gross profit: |  |  |
Builder operations |  |  |
Central | $ | 117,144 |  |  | $ | 109,666 |
Southeast | 48,461 |  |  | 48,091 |
Total builder operations | 165,605 |  |  | 157,757 |
Land development | 1,118 |  |  | 305 |
Corporate, other and unallocated (2) | (10,938) |  |  | (9,805) |
Total gross profit | $ | 155,785 |  |  | $ | 148,257 |
| Three Months Ended March 31,
(in thousands) | 2025 |  | 2024
Segment expenses: |  |  |
Commissions |  |  |
Builder operations |  |  |
Central | $ | 17,575 |  |  | $ | 15,742 |
Southeast | 4,434 |  |  | 4,566 |
Total builder operations | 22,009 |  |  | 20,308 |
Land development | — |  |  | — |
Corporate, other and unallocated | 240 |  |  | — |
Total commissions | $ | 22,249 |  |  | $ | 20,308 |
Salaries |  |  |
Builder operations |  |  |
Central | $ | 11,777 |  |  | $ | 11,022 |
Southeast | 6,158 |  |  | 6,095 |
Total builder operations | 17,935 |  |  | 17,117 |
Land development | — |  |  | — |
Corporate, other and unallocated | (7,187) |  |  | (5,253) |
Total salaries | $ | 10,748 |  |  | $ | 11,864 |
Other expenses |  |  |
Builder operations |  |  |
Central | $ | 9,455 |  |  | $ | 8,090 |
Southeast | 4,018 |  |  | 3,689 |
Total builder operations | 13,473 |  |  | 11,779 |
Land development | 147 |  |  | 64 |
Corporate, other and unallocated | 8,278 |  |  | 6,555 |
Total other expenses | $ | 21,898 |  |  | $ | 18,398 |
Interest expense/(income): |  |  |
Builder operations |  |  |
Central | $ | (72) |  |  | $ | (10) |
Southeast | 4,840 |  |  | 9,802 |
Total builder operations | 4,768 |  |  | 9,792 |
Corporate, other and unallocated | (4,768) |  |  | (9,792) |
Land development | — |  |  | — |
Total interest expense/(income), net | $ | — |  |  | $ | — |
Total segment expenses |  |  |
Builder operations |  |  |
Central | $ | 38,807 |  |  | $ | 34,854 |
Southeast | 14,610 |  |  | 14,350 |
Total builder operations | 53,417 |  |  | 49,204 |
Land development | 147 |  |  | 64 |
Corporate, other and unallocated | 1,331 |  |  | 1,302 |
Total segment expenses | $ | 54,895 |  |  | $ | 50,570 |
| Three Months Ended March 31,
(in thousands) | 2025 |  | 2024
Income before income taxes: |  |  |
Builder operations |  |  |
Central | $ | 79,001 |  |  | $ | 75,521 |
Southeast | 34,478 |  |  | 34,794 |
Total builder operations | 113,479 |  |  | 110,315 |
Land development | 1,220 |  |  | 473 |
Corporate, other and unallocated (3) | (8,551) |  |  | 4,845 |
Income before income taxes | $ | 106,148 |  |  | $ | 115,633 |
| March 31, 2025 |  | December 31, 2024
Inventory: |  |  |
Builder operations |  |  |
Central | $ | 733,534 |  |  | $ | 743,490 |
Southeast | 316,357 |  |  | 318,592 |
Total builder operations | 1,049,891 |  |  | 1,062,082 |
Land development | 883,290 |  |  | 826,687 |
Corporate, other and unallocated (4) | 53,344 |  |  | 48,963 |
Total inventory | $ | 1,986,525 |  |  | $ | 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. For the three months ended March 31, 2025, Builders had no revenues from land or lot closings and $ 0.1 million revenues for the three months ended March 31, 2024. (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.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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