GRBK — what changed in the latest 10-Q
A section-by-section comparison of GRBK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-28 vs the prior 10-Q · 2026-07-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +17 | −12 | ~49 | 32 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 0 |
| Other information | Text added/removed | +6 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Legal proceedings, Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-28
Three Months Ended September 30,As Percentage of Segment Revenue
Corporate, other and unallocated expense, net1,947 189 0.4 %— %
Selling, general and administrative expenses as a percentage of revenue increased by 0.4% for the three months ended September 30, 2026, mainly due to lower revenue, partially offset by a decrease in commissions.
Selling, general and administrative expenses as a percentage of revenue for builder operations remained flat mainly due to the decline in residential units revenue offset by a decrease in commissions. Builder operation expenditures include salary expenses, commissions, corporate allocations, and com…
Selling, general and administrative expenses for the corporate, other and unallocated non-operating segment for the three months ended September 30, 2026 were $1.9 million, compared to $0.2 million for the three months ended September 30, 2025. The increase was due to higher share-based compensation…
Text removed vs the prior filing · source: 10-Q · 2026-07-29
Selling, general and administrative expenses as a percentage of revenue increased by 0.6% for the three months ended June 30, 2026, mainly due to lower revenue, partially offset by increased salaries and share-based compensation.
Selling, general and administrative expenses as a percentage of revenue for builder operations increased 0.4% mainly due to the decline in residential units revenues. Builder operation expenditures include salary expenses, commissions, corporate allocations, and community costs such as advertising a…
Selling, general and administrative expenses for the corporate, other and unallocated non-operating segment for the three months ended June 30, 2026 were $2.1 million, compared to $0.5 million for the three months ended June 30, 2025. The increase was due to higher share-based compensation during th…
Selling, general and administrative expenses as a percentage of homebuilding revenue increased by 0.6% for the six months ended June 30, 2026, the increase is mainly due to lower revenues and increased salaries and share-based compensation.
Selling, general and administrative expenses as a percentage of revenue for builder operations decreased to 10.8% for the six months ended June 30, 2026 from 10.9% in the prior year period mainly due to lower revenues. Builder operations expenditures include salary expenses, sales commissions, and c…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-28
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 5, 2026, the Company entered into an employment agreement with Mr. Jed Dolson (the "Dolson CEO Employment Agreement") in connection with his previously announced promotion from President and Chief Operating Officer to Co-Chief Executive Officer, which became effective on October 15, 2026 …
objectives established and assessed by the Compensation Committee in its sole discretion. All payments under the Dolson CEO Employment Agreement are subject to the Company’s Clawback Policy. In addition, the Dolson CEO Employment Agreement provides for Mr. Dolson to participate in the Company's long…
The Compensation Committee also approved a one-time grant on the Effective Date of restricted stock units having a grant date value of $1,800,000, which will vest ratably over a three-year period.
Solely in the case of termination (i) by the Company without Cause (as defined in the Dolson CEO Employment Agreement) or (ii) by Mr. Dolson with Good Reason (as defined in the Dolson CEO Employment Agreement), subject to the execution of a release of claims by Mr. Dolson in a form reasonably determ…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice