Company: SDHC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049591
Chunk: 18

Company: Smith Douglas Homes Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 HOMES 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 June 30, 20259,015,173$1 42,435,897$4 $59,789 $20,188 $79,982 $334,850 $414,832 Tax distributions—— —— — 279 279 (4,674)(4,395)Equity-based compensation—— —— 1,054 — 1,054 — 1,054 Stock issued under incentive award plans, net of shares withheld for employee taxes2,465— —— (1,262)— (1,262)— (1,262)Net income—— —— — 2,126 2,126 14,089 16,215 Balance September 30, 20259,017,638$1 42,435,897$4 $59,581 $22,593 $82,179 $344,265 $426,444 Balance December 31, 20248,846,154$1 42,435,897$4 $58,208 $15,419 $73,632 $328,095 $401,727 Tax distributions—— —— — — — (28,016)(28,016)Equity-based compensation—— —— 2,635 — 2,635 — 2,635 Stock issued under incentive award plans, net of shares withheld for employee taxes171,484— —— (1,262)— (1,262)— (1,262)Net income—— —— — 7,174 7,174 44,186 51,360 Balance September 30, 20259,017,638$1 42,435,897$4 $59,581 $22,593 $82,179 $344,265 $426,444 

See accompanying notes to unaudited condensed consolidated financial statements.

11

SMITH DOUGLAS HOMES CORP.

Condensed Consolidated Statements of Equity - Continued