Company: SDHC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049591
Chunk: 134

Company: Smith Douglas Homes Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 134
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 two homes remaining to sell.

Home closing revenue

Home closing revenue for the three months ended September 30, 2025, was $262.0 million, a decrease of $15.8 million, or 6%, from $277.8 million for the three months ended September 30, 2024. Home closing revenue for the nine months ended September 30, 2025, was $710.7 million, an increase of $22.7 million, or 3%, from $688.0 million for the nine months ended September 30, 2024. The change in revenue for both periods is primarily attributable to changes in the number of homes closed, which decreased by 3% and increased by 5% for the three and nine months ended September 30, 2025, respectively, while ASP of homes closed decreased by 3% and 1% for the three and nine months ended September 30, 2025, respectively. The reduction in the number of homes closed for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024 were primarily due to decreases of 8% in our Southeast segment, partially offset by increases of 6% in our Central segment. The growth in the number of homes closed for the nine months ended September 30, 2025 as compared to the nine months ended September 30, 2024 were primarily due to increases of 9% in our Southeast segment, partially offset by decreases of 1% 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 endedSeptember 30,20252024Period over period changeHome closingrevenueHome closingsASP ofhomes closedHome closingrevenueHome closingsASP ofhomes closedHome closingrevenueHome closings ASP ofhomes closed Southeast$166,625493$338$189,128534$354(12)%(8)%(5)%Central95,41629532388,7072783198%6%1%Total$262,041788$333$277,835812$342(6)%(3)%(3)%

Nine months endedSeptember 30,20252024Period over period changeHome closingrevenueHome closingsASP ofhomes closedHome closingrevenueHome closingsASP ofhomes closedHome