Welcome to our dedicated page for Smith Douglas Homes SEC filings (Ticker: SDHC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Smith Douglas Homes Corp. filings document the company’s public-company reporting as a NYSE-listed homebuilder and emerging growth company. Recent Form 8-K reports furnish quarterly and annual financial-result releases that include home closings, home closing revenue, gross margin, net new orders, backlog and income measures tied to its homebuilding operations.
The company’s definitive proxy statement covers annual meeting procedures, stockholder voting matters and governance disclosures. Its filings also identify emerging growth company status and provide formal records for material events, operating results and corporate governance matters affecting Smith Douglas Homes.
Smith Douglas Homes Corp., a single-family homebuilder operating in southeastern and southern U.S. markets, reported higher home closing revenue but sharply lower profitability for the three and six months ended June 30, 2026. Home closing revenue was $273.0 million for the quarter and $479.5 million year‑to‑date, up from $223.9 million and $448.6 million in the prior‑year periods. Quarterly net income fell to $1.8 million from $17.2 million, with net income attributable to Smith Douglas Homes Corp. at $0.2 million (diluted EPS $0.03). For the six‑month period, net income was $5.8 million versus $35.1 million, with EPS of $0.09.
Total assets were $592.1 million at June 30, 2026, including $331.2 million of real estate inventory and $139.3 million of deposits on real estate under option or contract. Notes payable totaled $66.0 million, primarily borrowings of $63.0 million under a $325.0 million unsecured revolving credit facility maturing in 2029, with about $199.7 million of availability. Operating cash flow improved to $4.9 million provided in the first half of 2026 compared with $63.8 million used a year earlier. The company operates an Up‑C structure: public Class A shareholders indirectly hold about 17.7% of the economic interest in Smith Douglas Holdings LLC, while Continuing Equity Owners retain 82.3% and voting control through high‑vote Class B stock and a Tax Receivable Agreement under which they receive 85% of specified tax benefits. A $50.0 million stock repurchase program led to repurchases of 761,955 Class A shares for $10.1 million in the first half, leaving $40.0 million authorized.
Smith Douglas Homes Corp. reported Q2 2026 home closing revenue of $273.0 million, up 22% from Q2 2025, as home closings rose 25% to 839 and net new home orders increased 32% to 970. Backlog grew 17% to 1,000 homes with contract value of $322,147 thousand, and active communities increased 20% to 110.
Pretax income was $1.9 million, including $7.6 million of real estate inventory impairment and lot option contract abandonment charges, compared with $17.2 million a year earlier. Net income was $1,768 thousand, with net income attributable to Smith Douglas at $246 thousand, and diluted EPS declined to $0.03 from $0.26 as home closing gross margin decreased to 17.6% from 23.2%.
For the first half of 2026, net cash provided by operating activities was $4,850 thousand versus a $(63,847) thousand use in 2025, and cash and cash equivalents were $14,200 thousand. Notes payable increased to $66,026 thousand, raising debt-to-book capitalization to 13.2% and net debt-to-net book capitalization to 10.7%. The company repurchased 312,351 Class A shares for $4.4 million and controlled 23,527 lots at June 30, 2026.
Faucett Neill B reported acquisition or exercise transactions in this Form 4 filing.
Smith Douglas Homes Corp. director Neill B. Faucett received an equity grant of 1,612 shares of Class A common stock, valued at $15.51 per share. This award was issued under the company’s Amended Non-Employee Director Compensation Program and 2024 Incentive Award Plan in lieu of quarterly cash retainers.
Following this compensation-related share award, Faucett directly holds 34,413 shares of Smith Douglas Homes common stock. This is a routine, non-market transaction reflecting director fees taken in stock rather than a purchase on the open market.
Jackson Jeffrey T reported acquisition or exercise transactions in this Form 4 filing.
Smith Douglas Homes Corp. director Jeffrey T. Jackson received 2,015 shares of Class A common stock as a grant under the company’s Amended Non-Employee Director Compensation Program and 2024 Incentive Award Plan, in lieu of quarterly cash retainers. After this award, he directly holds 46,429 shares.
Smith Douglas Homes Corp. reported the results of its Annual Meeting of Stockholders held on June 4, 2026. Stockholders representing 50,283,755 shares of common stock, or approximately 99.87% of the voting power, were present or represented by proxy, indicating very high participation.
All eight nominated directors were elected, each receiving substantially more votes "FOR" than "WITHHELD." Stockholders also ratified Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 432,193,281 votes for and minimal opposition.
Jackson Jeffrey T reported acquisition or exercise transactions in this Form 4 filing.
Smith Douglas Homes Corp. director Jeffrey T. Jackson received an equity compensation grant of 10,008 restricted stock units (RSUs) tied to the company’s Class A Common Stock on June 4, 2026. Each RSU represents the right to receive one share when it vests.
The RSUs vest in full on the earlier of June 4, 2027 or the company’s 2027 annual shareholder meeting, as long as Jackson continues his service through that date. After this award, his directly held position reported in this filing is 44,414 shares.
Bradbury Julie reported acquisition or exercise transactions in this Form 4 filing.
Smith Douglas Homes Corp. director Julie Bradbury reported receiving an equity grant in the form of restricted stock units. She was awarded 10,008 RSUs, each representing a contingent right to receive one share of Class A Common Stock.
The RSUs vest in full on the earlier of June 4, 2027 or the company’s annual meeting for calendar year 2027, subject to her continued service through that date. Following this award, Bradbury now holds 27,628 shares of the company’s stock directly.
Wedewer Neil B reported acquisition or exercise transactions in this Form 4 filing.
Smith Douglas Homes Corp. director Neil B. Wedewer received an equity award in the form of restricted stock units. He was granted 10,008 RSUs, each representing one share of Class A Common Stock, at a price of $0.00 per unit as compensation rather than a market purchase.
The RSUs vest in full on the earlier of June 4, 2027 or the company’s 2027 annual shareholder meeting, assuming he continues serving through that date. After this grant, Wedewer directly holds 24,756 shares of Class A Common Stock, showing the award is a moderate, routine component of his overall equity position.
Perdue George Ervin III reported acquisition or exercise transactions in this Form 4 filing.
Smith Douglas Homes Corp. director George Ervin Perdue III received a grant of 10,008 restricted stock units tied to the company’s Class A Common Stock. The award was granted at no cash cost and increases his direct holdings to 70,692 shares.
The RSUs vest in full on the earlier of June 4, 2027 or the company’s Annual Meeting for calendar year 2027, as long as he continues to serve through that date.
Faucett Neill B reported acquisition or exercise transactions in this Form 4 filing.
Smith Douglas Homes Corp. director Neill B. Faucett received an equity award in the form of restricted stock units representing 10,008 shares of Class A Common Stock at no cash cost. After this grant, he directly holds 32,801 shares, including the unvested units.
The RSUs vest in full on the earlier of June 4, 2027 or the company’s Annual Meeting for calendar year 2027, provided he continues to serve through the vesting date. This filing reflects routine director compensation rather than an open-market stock purchase or sale.