Green Brick Partners — Feb 26, 2025 release

We remain optimistic on the housing market over the long term, which is supported by demographic tailwinds and persistent housing shortages. We have a great land and lot position. On February 17, 2025, our Board approved an increase in our share repurchase authorization to $100 million. Integral to our capital allocation process, we continue to evaluate our land acquisition strategy along with our share repurchase program and other long term company goals” Results for the Quarter Ended December 31, 2024: (Dollars in thousands, except per share data) Three Months Ended December 31, 2024 2023 Change New homes delivered 1,019  825  23.5  % Total revenues $ 567,314  $ 450,382  26.0  % Total cost of revenues 373,279  308,754  20.9  % Total gross profit $ 194,035  $ 141,628  37.0  % Income before income taxes $ 138,094  $ 101,843  35.6  % Net income attributable to Green Brick Partners, Inc. $ 103,813  $ 73,020  42.2  % 1 Diluted net income attributable to Green Brick Partners, Inc. per common share $ 2.31  $ 1.58  46.2  % Residential units revenue $ 556,855  $ 448,525  24.2  % Average sales price of homes delivered $ 546.5  $ 543.5  0.6  % Homebuilding gross margin percentage 34.3  % 31.4  % 290 bps Selling, general and administrative expenses as a percentage of residential units revenue 10.9  % 11.4  % -50 bps Backlog revenue $ 495,883  $ 555,200  (10.7) % Homes under construction 2,341  2,057  13.8  % Results for the Year Ended December 31, 2024: (Dollars in thousa