Smith Douglas Homes Corp
smithdouglas.comWhat Do They Do?
Builds and sells single-family homes for entry-level and empty-nest buyers in markets across the Southeastern and Southern United States.
10-K for FY2025, filed Mar 12, 2026
How Do They Make Money?
Homebuyers pay for a home at closing; the company receives the cash due when title and possession transfer.
10-K for FY2025, filed Mar 12, 2026The Company recognizes revenue when a home closes with a homebuyer, which is the time at which title and possession of the property are…View ↗
$971.1M
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10-K for FY2025, filed Mar 12, 2026
$971.1M ↗
Who Are Their Customers?
Markets homes to entry-level and empty-nest buyers, selling through its own sales centers and working with third-party real estate brokers on many orders.
10-K for FY2025, filed Mar 12, 2026We generally target and market our homes and communities to entry-level and empty-nest homebuyers, which we believe are the most…View ↗
Our sales and marketing program employs a multi-faceted approach to source and attract potential homebuyers. While we occasionally utilize…View ↗
Our sales efforts are supported by our sales centers which are typically housed within our professionally decorated model homes…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$36.9M.
10-K for FY2025, filed Mar 12, 2026
$72.4MView ↗
10-K for FY2025, filed Mar 12, 2026
$10.7MView ↗
10-K for FY2025, filed Mar 12, 2026
−$36.9MView ↗
How Are They Changing?
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