Company: SDHC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001982518-25-000064
Chunk: 19

Company: Smith Douglas Homes Corp.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
 CORP.

Condensed Consolidated Statements of Equity

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

Smith Douglas Homes Corp. Stockholders’ EquityClass ACommon StockClass BCommon StockNon-ControllingInterests SharesAmountShares AmountAdditionalPaid-inCapital RetainedEarnings Stockholders’Equity Amounts Total Equity Balance March 31, 20258,991,378$1 42,435,897$4 $58,820 $18,040 $76,865 $330,298 $407,163 Tax distributions—— —— — (217)(217)(9,518)(9,735)Equity-based compensation—— —— 969 — 969 — 969 Stock issued under incentive award plans23,795— —— — — — — — Net income—— —— — 2,365 2,365 14,070 16,435 Balance June 30, 20259,015,173$1 42,435,897$4 $59,789 $20,188 $79,982 $334,850 $414,832 Balance December 31, 20248,846,154$1 42,435,897$4 $58,208 $15,419 $73,632 $328,095 $401,727 Tax distributions—— —— — (279)(279)(23,342)(23,621)Equity-based compensation—— —— 1,581 — 1,581 — 1,581 Stock issued under incentive award plans169,019— —— — — — — — Net income—— —— — 5,048 5,048 30,097 35,145 Balance June 30, 20259,015,173$1 42,435,897$4 $59,789 $20,188 $79,982 $334,850 $414,832 

See accompanying notes to unaudited condensed consolidated financial statements.

11

SMITH DOUGLAS HOMES CORP.

Condensed Consolidated Statements of Equity - Continued

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

Smith Douglas Holdings LLC Members’ Equity (prior toReorganization Transactions) Note 1Smith Douglas Homes Corp. Stockholders’