Company: SDHC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001982518-25-000064
Chunk: 18

Company: Smith Douglas Homes Corp.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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,727 Total liabilities and equity$570,219 $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 ended June 30,Six months ended June 30, 2025202420252024Home closing revenue$223,924 $220,933 $448,646 $410,142 Cost of home closings171,985 161,875 343,177 301,624 Home closing gross profit51,939 59,058 105,469 108,518    Selling, general and administrative costs34,702 31,809 67,701 59,350 Equity in income from unconsolidated entities(598)(220)(817)(404)Interest expense772 591 1,438 1,289 Other (income) expense, net(116)1,012 401 1,010 Income before income taxes17,179 25,866 36,746 47,273 Provision for income taxes744 1,132 1,601 2,053 Net income16,435 24,734 35,145 45,220 Net income attributable to non-controlling interests and LLC members prior to IPO14,070 21,088 30,097 38,602 Net income attributable to Smith Douglas Homes Corp.$2,365 $3,646 $5,048 $6,618 

Three months ended June 30,Six months ended June 30, 2025Period from January 11, 2024 to June 30, 202420252024Earnings per share:Basic$0.26 $0.41 $0.56 $0.75 Diluted$0.26 $0.40 $0.55 $0.74 Weighted average shares of common stock outstanding:Basic8,998,4708,846,1548,983,3288,846,154Diluted8,998,47051,431,9749,160,92251,414,509

See accompanying notes to unaudited condensed consolidated financial statements.

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SMITH DOUGLAS HOMES