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. reported softer results for Q4 and full year 2025, with profitability pressured despite record activity. Q4 home closing revenue fell 9% to $260.4 million, and home closing gross margin declined to 19.9% from 25.5%, cutting pre-tax income to $16.9 million from $30.0 million.
For 2025, home closings inched up 1% to 2,908, but home closing revenue was essentially flat at $971.1 million and gross margin compressed to 21.8% from 26.2%. Net income dropped to $68.4 million from $111.8 million, with diluted EPS at $1.19. Debt-to-book capitalization rose to 9.0%, operating cash flow swung to a $31.3 million outflow, while active communities increased 28% to 100 and total controlled lots grew 14% to 22,268.
Smith Douglas Homes Corp. received an amended beneficial ownership report showing that former institutional holder 12 West Capital Management LP and its managing member, Joel Ramin, now report 0 shares of Class A common stock, representing 0% of the class as of 12/31/2025.
The filers confirm they own 5% or less of the stock and state that the securities referenced were not acquired and are not held for the purpose of changing or influencing control of the company.
Kayne Anderson Rudnick Investment Management, LLC and affiliated Virtus entities report sizable ownership stakes in Smith Douglas Homes Corp Class A shares. As of 12/31/2025, Kayne Anderson Rudnick reports beneficial ownership of 1,469,003 shares, representing 16.3% of the class, with both sole and shared voting and dispositive powers.
Virtus Investment Advisers, LLC reports beneficial ownership of 898,919 shares, or 10.0%, all with shared voting and dispositive power. Virtus Equity Trust, on behalf of Virtus KAR Small-Cap Growth Fund, reports 861,148 shares, or 9.5%, also with shared voting and dispositive power. The filers state the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Smith Douglas Homes.
Smith Douglas Homes Corp. Executive Vice President & Chief Financial Officer Russell Devendorf reported a Form 4 transaction involving Class A common stock. On January 16, 2026, 14,024 shares were withheld at $20.90 per share to pay withholding taxes due upon the vesting of a portion of restricted stock units that were granted to him on January 16, 2024. After this tax withholding transaction, he beneficially owns 285,928 Class A common shares, held directly.
Smith Douglas Homes (SDHC): 12 West Capital Management LP and Joel Ramin filed Amendment No. 1 to Schedule 13G reporting beneficial ownership of 535,140 shares of Class A common stock, representing 5.9% of the class as of the reporting date. The filing lists shared voting and dispositive power over 535,140 shares and no sole voting or dispositive power. The date of event triggering the filing is 09/30/2025.
The percentage was calculated using 9,017,152 shares outstanding as of August 1, 2025, as disclosed in the company’s Form 10‑Q. The filers certified the holdings were not acquired and are not held for the purpose of changing or influencing control, consistent with a passive 13G filing.
Wasatch Advisors LP filed an amended Schedule 13G reporting beneficial ownership of 1,177,332 Smith Douglas Homes Corp Class A shares, representing 13.1% of the class. The event date prompting the filing is 09/30/2025.
Wasatch reports 893,264 shares with sole voting power and 1,177,332 shares with sole dispositive power, with no shared voting or dispositive power. The filer is classified as an investment adviser (IA) and certifies the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Conifer Management, L.L.C. filed a Schedule 13G/A (Amendment No. 1) reporting beneficial ownership of 1,349,600 shares of Smith Douglas Homes Corp. (SDHC) Class A common stock, representing 15.0% of the class. The filing lists sole voting and sole dispositive power over the same 1,349,600 shares. The “Date of Event Which Requires Filing” is 10/31/2025.
Conifer identifies as an investment adviser and control person (IA, CO) and certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Smith Douglas Homes (SDHC): Schedule 13G/A (Amendment No. 5) reports updated beneficial ownership by institutional holders. Kayne Anderson Rudnick Investment Management, LLC beneficially owns 1,350,042 shares, representing 15.0% of Class A as of 10/31/2025. Voting/dispositive powers: sole voting 396,047, shared voting 930,552; sole dispositive 419,490, shared dispositive 930,552.
Virtus Investment Advisers, LLC reports 929,923 shares (10.3%) with shared voting and dispositive power over the same amount. Virtus Equity Trust (Virtus KAR Small-Cap Growth Fund) reports 897,876 shares (10.0%) with shared voting and dispositive power. The filers certify the securities were acquired and are held in the ordinary course and not to change or influence control.
Smith Douglas Homes Corp. reported Q3 2025 results. Home closing revenue was $262.041 million and net income was $16.215 million, with diluted EPS of $0.24. For the nine months ended September 30, revenue reached $710.687 million and net income was $51.360 million.
Profitability softened year over year as home closing gross profit in Q3 was $54.970 million and SG&A was $36.088 million. The company recorded $0.6 million of inventory impairment and $2.3 million of lot option abandonment charges year to date. Operating cash flow was an outflow of $41.094 million year to date, reflecting higher real estate inventory and option deposits.
On the balance sheet, cash was $14.775 million and real estate inventory was $314.524 million. Notes payable were $53.637 million, including $49.0 million outstanding on the revolving credit facility at a 6.57% rate, with approximately $201.4 million of availability. As of October 31, 2025, Class A shares outstanding were 9,017,638 and Class B shares were 42,435,897; Smith Douglas Homes Corp. held approximately 17.5% of the economic interest in Smith Douglas Holdings LLC.
Smith Douglas Homes Corp. (SDHC) announced financial results for the three and nine months ended September 30, 2025. The company furnished a press release as Exhibit 99.1 to a Form 8-K dated November 5, 2025 under Item 2.02 (Results of Operations and Financial Condition). The information in Item 2.02, including Exhibit 99.1, is furnished and not filed, is not subject to Section 18 of the Exchange Act, and is not incorporated by reference except as specifically stated.