Company: SDHC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001982518-25-000064
Chunk: 53

Company: Smith Douglas Homes Corp.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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2025, was $223.9 million, an increase of $3.0 million, or 1%, from $220.9 million for the three months ended June 30, 2024. Home closing revenue for the six months ended June 30, 2025, was $448.6 million, an increase of $38.5 million, or 9%, from $410.1 million for the six months ended June 30, 2024. The increase in revenue for both periods is primarily attributable to increases in the number of homes closed, which increased by 2% and 10% for the three and six months ended June 30, 2025, respectively, while ASP of homes closed remained relatively consistent in each period. The growth in the number of homes closed for the current year periods as compared to the three and six months ended June 30, 2024 were primarily due to increases of 15% and 23%, respectively, in our Southeast segment, partially offset by decreases of 12% and 5%, respectively, in our Central segment. 

The following table sets forth our home closing revenue, number of home closings, and ASP of homes closed for the periods presented, in each of our reportable segments (dollar amounts in thousands):

Three months ended June 30,20252024Period over period changeHome closingrevenueHome closingsASP ofhomes closedHome closingrevenueHome closingsASP ofhomes closedHome closingrevenueHome closings ASP ofhomes closed Southeast$141,267407$347$124,393355$35014%15%(1)%Central82,65726231596,540298324(14)%(12)%(3)%Total$223,924669$335$220,933653$3381%2%(1)%

Six months ended June 30,20252024Period over period changeHome closingrevenueHome closingsASP ofhomes closedHome closingrevenueHome closingsASP ofhomes closedHome closingrevenueHome closingsASP ofhomes closedSoutheast$279,485799$350$227,887652$35023%23%—%Central169,161541313182,255567321(7)%(5)%(2)%Total$448,6461,340$335$410,1421,219$3369%10%—%

Cost of home closings

Cost of home closings for the three months ended June 30, 2025,