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Net Income Attributable to Green Brick Partners, Inc. Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income Attributable to Green Brick Partners, Inc. Per Share
The Company’s RSAs have the right to receive forfeitable dividends on an equal basis with common stock, however, its PRSUs do not participate in dividends with common stock. As such, PRSUs are not considered participating securities and are excluded from the calculation of net income per share using the two-class method.

Basic earnings per common share is computed by dividing net income allocated to common stockholders by the weighted average number of common shares outstanding during each period, adjusted for non-vested shares of RSAs and PRSUs during each period. Net income applicable to common stockholders is net income adjusted for preferred stock dividends including dividends declared and cumulative dividends related to the current dividend period that have not been declared as of period end. Diluted earnings per share is calculated using the treasury stock method and includes the effect of all dilutive securities, including stock options, RSAs, RSUs and PRSUs.

The computation of basic and diluted net income attributable to Green Brick Partners, Inc. per share is as follows (in thousands, except per share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Net income attributable to Green Brick Partners, Inc.$77,853 $89,111 $234,860 $277,770 
Preferred dividends (719)(719)(2,156)(2,156)
Net income applicable to common stockholders77,134 88,392 232,704 275,614 
Weighted-average number of common shares outstanding - basic
43,541 44,457 43,914 44,614 
Basic net income attributable to Green Brick Partners, Inc. per common share$1.77 $1.99 $5.30 $6.18 
Weighted-average number of common shares outstanding - basic43,541 44,457 43,914 44,614 
Dilutive effect of stock options and restricted stock awards91 73 117 405 
Weighted-average number of common shares outstanding - diluted43,632 44,530 44,031 45,019 
Diluted net income attributable to Green Brick Partners, Inc. per common share$1.77 $1.98 $5.29 $6.12 

Antidilutive common stock equivalents excluded from the diluted earnings per share calculation are not material.