SequelSEC

Smith Douglas Homes Corp. SDHC

Operative Builders · CIK 0001982518 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$971.12M
Fiscal year ended 2025-12-31
Operating income
Unavailable
Fiscal year ended 2025-12-31
Free cash flow
-$36.86M
Fiscal year ended 2025-12-31

Smith Douglas Homes Corp. (SDHC) reported revenue of $971.12M and net income of $10.69M for the fiscal year ended 2025-12-31. This page shows 3 annual periods of income statement, balance sheet and cash flow figures normalized from Smith Douglas Homes Corp.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Operative Builders.

Income

Smith Douglas Homes Corp. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-31
Revenue$971.12M$975.46M$764.63M
Cost of revenue$758.94M$719.92M$548.30M
Gross profit$212.17M$255.54M$216.33M
Operating incomeUnavailableUnavailableUnavailable
Net income$10.69M$16.07MUnavailable
Research & developmentUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 9.21MUnavailableUnavailable
Pretax income$70.90M$116.89M$123.18M
Income tax expense$2.49M$5.06M$0
Diluted EPS$1.19UnavailableUnavailable
Selling, general & administrative$139.78M$136.38M$92.44M
General & administrativeUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailable

Balance

Smith Douglas Homes Corp. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-31
Cash & equivalents$12.74M$22.36M$19.78M
Total assets$557.59M$475.90M$352.69M
Current assetsUnavailableUnavailableUnavailable
Total liabilities$113.46M$74.17M$143.79M
Current liabilitiesUnavailableUnavailableUnavailable
Total equity incl. NCI$444.14M$401.73M$208.90M
Temporary (mezzanine) equityUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailable
Goodwill$25.73M$25.73M$25.73M
Long-term debtUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailable

Cash flow

Smith Douglas Homes Corp. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-31
Operating cash flow-$31.34M$19.13M$76.26M
Capital expenditures$5.52M$3.89M$1.31M
Investing cash flow-$6.63M-$4.71M-$76.83M
Financing cash flow$28.35M-$11.84M-$9.25M
Net change in cashUnavailableUnavailableUnavailable
Stock-based compensation$3.67M$4.36M$0
Common dividends paidUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailable

Derived

Smith Douglas Homes Corp. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-31
Free cash flow-$36.86M$15.24M$74.95M
Gross margin21.8%26.2%28.3%
Operating marginUnavailableUnavailableUnavailable
FCF margin-3.8%1.6%9.8%
SBC / revenue0.4%0.4%0.0%
Current ratioUnavailableUnavailableUnavailable
Revenue YoY growth-0.4%27.6%Unavailable
Net margin1.1%1.6%Unavailable
R&D / revenueUnavailableUnavailableUnavailable
CapEx / revenue0.6%0.4%0.2%
Long-term debt / equityUnavailableUnavailableUnavailable
Effective tax rate3.5%4.3%0.0%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SDHC in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-04-30View SEC filing
10-K · Filed 2026-03-12View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-14View SEC filing

Companies in the same industry

BZH CCS DFH DHI DREM ECG GRBK HOV KBH LGIH MHO MTH

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.