Green Brick Partners, Inc. (GRBK) Balance Sheet
GRBK balance sheet, 2025
December 31, 2025 · U.S. dollars$2.54B assets = $603.9M liabilities + $1.93B equity
Both columns are drawn to the same scale: what GRBK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GRBK financial health
Descriptive bands, not a rating. Fiscal 2025.
GRBK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $541.0M2016 | $2.54B2025 | +18.7%/yr | |
| Total liabilities | $139.5M2016 | $603.9M2025 | +17.7%/yr | |
| Shareholders’ equity | $384.6M2016 | $1.86B2025 | +19.1%/yr | |
| Cash & short-term investments | $35.2M2016 | $191.0M2025 | +20.7%/yr | |
| Total debt | $85.9M2016 | $335.4M2025 | +16.3%/yr | |
| Net cash (debt) | −$50.8M2016 | −$144.4M2025 | −$93.6M | |
| Working capital | $406.0M2016 | $2.06B2025 | +$1.6B | |
| Book value per share | $7.872016 | $42.322025 | +20.6%/yr | |
| Current ratio | 7.292016 | 8.472025 | +1.18 | |
| Debt / equity | 0.222016 | 0.182025 | −0.04 | |
| Shares outstanding | 48.9M2016 | 43.9M2025 | −1.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GRBK assets
GRBK liabilities and equity
GRBK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GRBK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $191.0M | $141.5M | $199.5M | $76.6M | $78.7M | $19.5M | $33.3M | $38.3M | $36.7M | $35.2M |
| Cash & equivalents | $191.0M | $141.5M | $199.5M | $76.6M | $78.7M | $19.5M | $33.3M | $38.3M | $36.7M | $35.2M |
| Short-term investments | — | — | — | $74.2M | $55.6M | — | — | — | $3.6M | $4.4M |
| Receivables | $40.0M | $13.9M | $10.6M | $5.3M | $6.9M | $5.2M | $4.7M | $4.8M | $1.6M | $2.4M |
| Inventory | $2.10B | $1.94B | $1.53B | $1.42B | $1.20B | $844.6M | $753.6M | $669.0M | $495.7M | $410.3M |
| Other current assets | $1 | $18.2M | $0 | $16.7M | $14.9M | $14.2M | $19.1M | $20.2M | $25.6M | $22.6M |
| Total current assets | $2.33B | $2.11B | $1.74B | $1.52B | $1.30B | $883.5M | $810.7M | $732.4M | $559.6M | $470.5M |
| Property, plant & equipment (net) | $13.8M | $13.8M | $14.3M | $6.4M | $7.4M | $6.1M | $7.8M | $4.7M | $804,000 | $892,000 |
| Goodwill & intangible assets | $877,000 | $962,000 | $1.0M | $1.1M | $1.2M | $1.3M | $1.4M | $1.5M | $0 | $0 |
| Long-term investments | $93.0M | $60.6M | $84.7M | $74.2M | $55.6M | $46.4M | $30.3M | $20.3M | $16.9M | $0 |
| Other non-current assets | $99.0M | $63.4M | $61.4M | $52.7M | $53.5M | $51.5M | $25.4M | $25.2M | $35.0M | $69.6M |
| Total assets | $2.54B | $2.25B | $1.90B | $1.66B | $1.42B | $988.8M | $875.5M | $784.0M | $612.2M | $541.0M |
| Liabilities | ||||||||||
| Accounts payable | $94.5M | $59.7M | $54.3M | $51.8M | $45.7M | $24.5M | $30.0M | $26.1M | $22.4M | $15.1M |
| Short-term debt | $2.1M | $22.6M | $1.2M | $17.4M | $738,000 | $106.7M | $1.3M | $200.4M | $9.9M | $10.9M |
| Deferred revenue | — | $37.1M | $43.1M | $29.1M | $64.6M | $38.1M | −$1.3M | $32.0M | $21.4M | $14.1M |
| Total current liabilities | $275.0M | $229.5M | $195.2M | $189.6M | $170.9M | $209.8M | $78.7M | $87.3M | $72.2M | $64.5M |
| Long-term debt | $276.3M | $314.0M | $349.2M | $350.4M | $335.7M | $113.2M | $73.4M | $200.4M | $9.9M | $10.9M |
| Lease obligations | $8.6M | $8.3M | $7.9M | $3.6M | $4.7M | $2.6M | $3.6M | — | — | — |
| Other long-term liabilities | $52.6M | $8.3M | $6.2M | $3.6M | $4.7M | $3.0M | $173.5M | $10.7M | $97.1M | $64.1M |
| Total liabilities | $603.9M | $551.8M | $550.6M | $543.6M | $511.3M | $325.9M | $325.5M | $298.4M | $179.2M | $139.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $432,000 | $445,000 | $450,000 | $460,000 | $512,000 | $511,000 | $509,000 | $507,000 | $290.4M | $273.6M |
| Retained earnings (deficit) | $1.57B | $1.33B | $997.0M | $754.3M | $539.9M | $349.7M | $235.0M | $177.5M | $125.9M | $110.9M |
| Treasury stock | — | — | — | — | — | — | −$3.2M | −$981,000 | $0 | $0 |
| Accumulated other comprehensive income | — | — | −$47.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Minority interest | $74.0M | $72.7M | $53.4M | $50.1M | $14.1M | $9.2M | $13.2M | $17.3M | $16.7M | $16.9M |
| Total shareholders' equity | $1.86B | $1.63B | $1.35B | $1.06B | $910.6M | $640.2M | $523.2M | $468.4M | $416.3M | $384.6M |
| Key figures | ||||||||||
| Total debt | $335.4M | $344.9M | $354.8M | $371.4M | $339.7M | $222.5M | $241.6M | $200.4M | $116.9M | $85.9M |
| Net cash (debt) | −$144.4M | −$203.4M | −$155.3M | −$294.8M | −$261.0M | −$203.0M | −$208.3M | −$162.1M | −$80.2M | −$50.8M |
| Working capital | $2.06B | $1.88B | $1.55B | $1.33B | $1.13B | $673.7M | $732.0M | $645.1M | $487.4M | $406.0M |
| Tangible book value | $1.86B | $1.62B | $1.35B | $1.06B | $909.3M | $638.9M | $521.8M | $466.8M | $416.3M | $384.6M |
| Book value per share | $42.32 | $36.25 | $29.49 | $22.13 | $17.83 | $12.60 | $10.33 | $9.23 | $8.38 | $7.87 |
| Shares outstanding | 43.9M | 44.8M | 45.9M | 48.0M | 51.1M | 50.8M | 50.6M | 50.8M | 49.7M | 48.9M |
| Current ratio | 8.47 | 9.20 | 8.93 | 8.02 | 7.63 | 4.21 | 10.31 | 8.39 | 7.75 | 7.29 |
| Quick ratio | 0.84 | 0.68 | 1.08 | 0.43 | 0.50 | 0.12 | 0.48 | 0.49 | 0.53 | 0.58 |
| Debt / equity | 0.18 | 0.21 | 0.26 | 0.35 | 0.37 | 0.35 | 0.46 | 0.43 | 0.28 | 0.22 |
| Equity / assets | 73.3% | 72.2% | 71.1% | 64.1% | 64.0% | 64.7% | 59.8% | 59.7% | 68.0% | 71.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $131.6M | $177.0M | $191.0M | $142.4M | $112.5M | $103.0M | $141.5M | $80.1M | $169.9M | $220.6M | $199.5M | $303.7M |
| Cash & equivalents | $131.6M | $177.0M | $191.0M | $142.4M | $112.5M | $103.0M | $141.5M | $80.1M | $133.3M | $185.9M | $199.5M | $223.5M |
| Short-term investments | — | — | — | — | — | — | — | — | $36.6M | $34.7M | — | $80.2M |
| Receivables | $40.0M | $30.8M | $40.0M | $40.3M | $42.0M | $12.6M | $13.9M | $11.3M | $14.7M | $8.6M | $10.6M | $10.0M |
| Inventory | $2.09B | $2.16B | $2.10B | $2.10B | $1.98B | $1.99B | $1.94B | $1.92B | $1.79B | $1.66B | $1.53B | $1.46B |
| Other current assets | $49.1M | $0 | $1 | $33.0M | $33.3M | $31.9M | $18.2M | $24.6M | $24.9M | $24.6M | $0 | $22.7M |
| Total current assets | $2.31B | $2.36B | $2.33B | $2.32B | $2.16B | $2.13B | $2.11B | $2.03B | $2.00B | $1.91B | $1.74B | $1.80B |
| Property, plant & equipment (net) | $21.0M | $13.6M | $13.8M | $13.7M | $12.3M | $12.8M | $13.8M | $14.4M | $14.8M | $13.8M | $14.3M | $13.3M |
| Goodwill & intangible assets | $834,000 | $856,000 | $877,000 | $898,000 | $919,000 | $941,000 | $962,000 | $983,000 | $1.0M | $1.0M | $1.0M | $1.1M |
| Long-term investments | $77.7M | $73.5M | $93.0M | $85.4M | $82.3M | $72.3M | $60.6M | $59.4M | $0 | $0 | $84.7M | $0 |
| Other non-current assets | $222.6M | $74.5M | $99.0M | $65.6M | $55.0M | $53.2M | $63.4M | $63.3M | $47.1M | $52.4M | $61.4M | $53.7M |
| Total assets | $2.63B | $2.53B | $2.54B | $2.48B | $2.32B | $2.27B | $2.25B | $2.17B | $2.06B | $1.98B | $1.90B | $1.87B |
| Liabilities | ||||||||||||
| Accounts payable | $94.5M | $92.7M | $94.5M | $91.3M | $78.8M | $77.7M | $59.7M | $67.3M | $68.0M | $53.3M | $54.3M | $56.6M |
| Short-term debt | $6.2M | $1.6M | $2.1M | $62.8M | $2.2M | −$1.6M | $22.6M | −$1.7M | −$1.9M | $2.3M | $1.2M | $2.0M |
| Deferred revenue | — | — | — | $35.2M | $39.6M | $38.5M | $37.1M | $45.1M | $49.3M | $54.1M | $43.1M | $47.2M |
| Total current liabilities | $279.0M | $261.7M | $275.0M | $316.7M | $223.3M | $218.2M | $229.5M | $278.7M | $241.5M | $219.4M | $195.2M | $212.7M |
| Long-term debt | $251.5M | $251.4M | $276.3M | $276.7M | $289.2M | $289.1M | $314.0M | $299.0M | $311.5M | $311.4M | $349.2M | $349.1M |
| Lease obligations | $7.8M | $8.2M | $8.6M | $9.0M | $7.9M | $8.0M | $8.3M | $8.6M | $8.8M | $7.9M | $7.9M | $7.9M |
| Other long-term liabilities | $56.8M | $29.3M | $52.6M | $9.0M | $7.9M | $8.0M | $8.3M | $217.8M | $47.6M | $46.1M | $6.2M | $43.2M |
| Total liabilities | $601.8M | $542.5M | $603.9M | $602.4M | $520.4M | $515.3M | $551.8M | $584.2M | $600.6M | $576.9M | $550.6M | $605.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $430,000 | $431,000 | $432,000 | $436,000 | $436,000 | $446,000 | $445,000 | $445,000 | $449,000 | $451,000 | $450,000 | $454,000 |
| Retained earnings (deficit) | $1.69B | $1.62B | $1.57B | $1.51B | $1.43B | $1.41B | $1.33B | $1.23B | $1.16B | $1.08B | $997.0M | $940.4M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | −$47.6M | $0 | $0 | −$450,000 | −$47.6M |
| Minority interest | $73.4M | $67.5M | $74.0M | $74.8M | $69.5M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.98B | $1.92B | $1.86B | $1.80B | $1.73B | $1.69B | $1.63B | $1.52B | $1.44B | $1.38B | $1.30B | $1.25B |
| Key figures | ||||||||||||
| Total debt | $314.5M | $282.4M | $335.4M | $348.5M | $299.3M | $295.5M | $344.9M | $305.9M | $318.3M | $317.0M | $354.8M | $355.1M |
| Net cash (debt) | −$182.9M | −$105.3M | −$144.4M | −$206.0M | −$186.8M | −$192.5M | −$203.4M | −$225.8M | −$148.5M | −$96.4M | −$155.3M | −$51.4M |
| Working capital | $2.03B | $2.10B | $2.06B | $2.00B | $1.94B | $1.92B | $1.88B | $1.76B | $1.76B | $1.69B | $1.55B | $1.59B |
| Tangible book value | $1.98B | $1.92B | $1.86B | $1.80B | $1.72B | $1.69B | $1.62B | $1.52B | $1.44B | $1.38B | $1.30B | $1.24B |
| Book value per share | $45.69 | $44.03 | $42.71 | $41.35 | $39.37 | $37.99 | $36.25 | $34.15 | $31.87 | $30.45 | $28.50 | $27.19 |
| Shares outstanding | 43.3M | 43.5M | 43.5M | 43.6M | 43.8M | 44.5M | 44.8M | 44.5M | 45.2M | 45.4M | 45.6M | 45.8M |
| Current ratio | 8.29 | 9.03 | 8.47 | 7.31 | 9.70 | 9.78 | 9.20 | 7.30 | 8.29 | 8.70 | 8.93 | 8.45 |
| Quick ratio | 0.62 | 0.79 | 0.84 | 0.58 | 0.69 | 0.53 | 0.68 | 0.33 | 0.76 | 1.04 | 1.08 | 1.47 |
| Debt / equity | 0.16 | 0.15 | 0.18 | 0.19 | 0.17 | 0.17 | 0.21 | 0.20 | 0.22 | 0.23 | 0.27 | 0.29 |
| Equity / assets | 75.1% | 75.9% | 73.3% | 72.7% | 74.5% | 74.4% | 72.2% | 70.0% | 69.7% | 70.0% | 68.3% | 66.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
GRBK financial position
At the end of fiscal 2025 (December 31, 2025), Green Brick Partners had total assets of $2.5 billion (up 12.8% from a year earlier), total liabilities of $603.9 million and shareholders' equity of $1.9 billion. It held $191.0 million in cash and short-term investments against $335.4 million of debt, net debt of $144.4 million. Its current ratio was 8.47. In the latest quarter (ended June 30, 2026) total assets were $2.6 billion and equity $2.0 billion.
Related: GRBK income statement, GRBK cash flow statement, GRBK key metrics. See the GRBK stock overview for the latest quote and news.
GRBK balance sheet FAQ
What are Green Brick Partners's total assets?
Green Brick Partners reported total assets of $2.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.2 billion a year earlier.
How much debt does Green Brick Partners have?
Green Brick Partners had $335.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.18.
How much cash does Green Brick Partners have?
Green Brick Partners held $191.0 million in cash and short-term investments at the end of fiscal 2025; with $335.4 million of debt that is net debt of $144.4 million.
What is Green Brick Partners's book value?
Green Brick Partners's shareholders' equity (book value) was $1.9 billion at the end of fiscal 2025, or $42.32 per share.
What is Green Brick Partners's current ratio?
Green Brick Partners had current assets of $2.3 billion and current liabilities of $275.0 million, a current ratio of 8.47 (it can cover its short-term obligations).
How much goodwill does Green Brick Partners have?
Green Brick Partners carried $0.9 million of goodwill and intangible assets, 0.0% of total assets, at the end of fiscal 2025.