| Schedule of Earnings Per Share, Basic and Diluted |
Basic and diluted earnings per share of common stock have been computed as follows (in thousands, except share and per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, 2025 | | Period from January 11,
2024 to June 30, 2024 | | | | 2025 | | 2024 | | | | | Numerator: | | | | | | | | | | Net income attributable to Smith Douglas Homes Corp., Basic | $ | 2,365 | | | $ | 3,646 | | | $ | 5,048 | | | $ | 6,618 | | | | Add: Net income impact from assumed redemption of all LLC Interests to common stock | — | | | 21,088 | | | — | | | 39,762 | | | | Less: Income tax expense on net income attributable to NCI | — | | | (4,384) | | | — | | | (8,267) | | | | Add: Dilutive impact of unvested RSUs | — | | | — | | | 6 | | | — | | | | Net income attributable to Smith Douglas Homes Corp., after adjustment for assumed redemption, Diluted | $ | 2,365 | | | $ | 20,350 | | | $ | 5,054 | | | $ | 38,113 | | | | | | | | | | | | | | Denominator: | | | | | | | | | | Weighted average shares of common stock outstanding, Basic | 8,998,470 | | 8,846,154 | | 8,983,328 | | 8,846,154 | | | Dilutive effects of: | | | | | | | | | | LLC Interests that are exchangeable for common stock | — | | 42,435,897 | | 0 | | 42,435,897 | | | Unvested RSUs | 0 | | 149,923 | | 177,594 | | 132,458 | | | Weighted average shares of common stock outstanding, Diluted | 8,998,470 | | 51,431,974 | | 9,160,922 | | 51,414,509 | | | | | | | | | | | | | Basic earnings per share | $ | 0.26 | | | $ | 0.41 | | | $ | 0.56 | | | $ | 0.75 | | | | Diluted earnings per share | $ | 0.26 | | | $ | 0.40 | | | $ | 0.55 | | | $ | 0.74 | | |
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