Company: SDHC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049591
Chunk: 17

Company: Smith Douglas Homes Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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,727 Total liabilities and equity$571,559 $475,901 

See accompanying notes to unaudited condensed consolidated financial statements.

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SMITH DOUGLAS HOMES CORP.

Condensed Consolidated Statements of Income

(Unaudited, in thousands except share and per share amounts)

 Three months endedSeptember 30,Nine months endedSeptember 30, 2025202420252024Home closing revenue$262,041 $277,835 $710,687 $687,977 Cost of home closings207,071 204,140 550,248 505,764 Home closing gross profit54,970 73,695 160,439 182,213    Selling, general and administrative costs36,088 34,137 103,789 93,487 Equity in income from unconsolidated entities(640)(396)(1,457)(800)Interest expense898 614 2,336 1,903 Other expense (income), net1,388 (245)1,789 765 Income before income taxes17,236 39,585 53,982 86,858 Provision for income taxes1,021 1,761 2,622 3,814 Net income16,215 37,824 51,360 83,044 Net income attributable to non-controlling interests and LLC members prior to IPO14,089 32,477 44,186 71,079 Net income attributable to Smith Douglas Homes Corp.$2,126 $5,347 $7,174 $11,965 

Three months endedSeptember 30,Nine months endedSeptember 30, 2025Period from January 11, 2024 to September 30, 202420252024Earnings per share:Basic$0.24 $0.60 $0.80 $1.35 Diluted$0.24 $0.58 $0.78 $1.30 Weighted average shares of common stock outstanding:Basic9,017,3988,846,1548,994,8108,846,154Diluted9,056,36451,533,4079,192,48251,502,413

See accompanying notes to unaudited condensed consolidated financial statements.

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SMITH DOUGLAS