Company: SDHC
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001982518-25-000007
Chunk: 18

Company: Smith Douglas Homes Corp.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 8
Chunk 18
---
Table of contentsItem 8.    Financial Statements and Supplementary Data.Smith Douglas Homes Corp.PageConsolidated Financial StatementsReport of Independent Registered Public Accounting Firm (PCAOB ID: 42)87Consolidated Balance Sheets as of December 31, 2024 and 202388Consolidated Statements of Income for the years ended December 31, 2024 and 202389Consolidated Statements of Equity for the years ended December 31, 2024 and 202390Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 202391Notes to Consolidated Financial Statements93 to 11286

Table of contentsReport of Independent Registered Public Accounting FirmTo the Stockholders and the Board of Directors of Smith Douglas Homes Corp.Opinion on the Financial StatementsWe have audited the accompanying consolidated balance sheets of Smith Douglas Homes Corp. (the Company) as of December 31, 2024 and 2023, the related consolidated statements of income, equity and cash flows for each of the two years in the period ended December 31, 2024, and the related notes (collectively referred to as the “consolidated financial statements”).  In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.Basis for OpinionThese financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing