v3.25.2
Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Class A Units
Class C Units
Class D Units
Stockholders’ Equity
Additional Paid-in Capital
Retained Earnings
Non- Controlling Interests
Class A Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Class B Common Stock
Common Stock
Beginning balance at Dec. 31, 2023 $ 208,903                      
Smith Douglas Homes Corp. Stockholders’ Equity                        
Tax distributions (11,819)       $ (297)   $ (297) $ (11,522)        
Reorganization Transactions (in shares)                       44,871,794
Reorganization Transactions 4       4     188,884       $ 4
IPO and Related Transactions (in shares)     (2,000) (600)           8,846,154   (2,435,897)
IPO and Related Transactions 115,723   $ (2,000) $ (600) 52,990 $ 52,989   65,333   $ 1    
Increase in deferred tax asset from IPO and Related Transactions 858       858 858            
Equity-based compensation 1,929       1,929 1,929            
Net income 45,220                      
Net income subsequent to Reorganization Transactions and IPO 46,380       6,618   6,618 39,762        
Ending balance (in shares) at Jun. 30, 2024                   8,846,154   42,435,897
Ending balance at Jun. 30, 2024 344,559       62,102 55,776 6,321 282,457   $ 1   $ 4
Beginning balance (in shares) at Dec. 31, 2023   111,111 2,000 600                
Beginning balance at Dec. 31, 2023   $ 206,303 $ 2,000 $ 600                
Smith Douglas Holdings LLC Members’ Equity (prior to Reorganization Transactions) Note 1                        
Distributions (16,259) (16,259)                    
Net loss prior to Reorganization Transactions and IPO (1,160) $ (1,160)                    
Reorganization Transactions (in shares)   (111,111)                    
Reorganization Transactions   $ (188,884)                    
IPO and Related Transactions (in shares)     (2,000) (600)           8,846,154   (2,435,897)
IPO and Related Transactions 115,723   $ (2,000) $ (600) 52,990 52,989   65,333   $ 1    
Ending balance (in shares) at Jun. 30, 2024   0 0 0                
Ending balance at Jun. 30, 2024   $ 0 $ 0 $ 0                
Beginning balance (in shares) at Mar. 31, 2024                   8,846,154   42,435,897
Beginning balance at Mar. 31, 2024 333,115       59,723 56,746 2,972 273,392   $ 1   $ 4
Smith Douglas Homes Corp. Stockholders’ Equity                        
Tax distributions (11,819)       (297)   (297) (11,522)        
IPO and Related Transactions (605)       (104) (104)   (501)        
Increase in deferred tax asset from IPO and Related Transactions (1,903)       (1,903) (1,903)            
Equity-based compensation 1,037       1,037 1,037            
Net income 24,734       3,646   3,646 21,088        
Ending balance (in shares) at Jun. 30, 2024                   8,846,154   42,435,897
Ending balance at Jun. 30, 2024 344,559       62,102 55,776 6,321 282,457   $ 1   $ 4
Beginning balance (in shares) at Mar. 31, 2024   0 0 0                
Beginning balance at Mar. 31, 2024   $ 0 $ 0 $ 0                
Smith Douglas Holdings LLC Members’ Equity (prior to Reorganization Transactions) Note 1                        
IPO and Related Transactions (605)       (104) (104)   (501)        
Ending balance (in shares) at Jun. 30, 2024   0 0 0                
Ending balance at Jun. 30, 2024   $ 0 $ 0 $ 0                
Beginning balance (in shares) at Dec. 31, 2024                 8,846,154 8,846,154 42,435,897 42,435,897
Beginning balance at Dec. 31, 2024 401,727       73,632 58,208 15,419 328,095   $ 1   $ 4
Smith Douglas Homes Corp. Stockholders’ Equity                        
Tax distributions (23,621)       (279)   (279) (23,342)        
Equity-based compensation 1,581       1,581 1,581            
Stock issued under incentive award plans (in shares)                   169,019    
Net income 35,145       5,048   5,048 30,097        
Ending balance (in shares) at Jun. 30, 2025                 9,015,173 9,015,173 42,435,897 42,435,897
Ending balance at Jun. 30, 2025 414,832       79,982 59,789 20,188 334,850   $ 1   $ 4
Beginning balance (in shares) at Mar. 31, 2025                   8,991,378   42,435,897
Beginning balance at Mar. 31, 2025 407,163       76,865 58,820 18,040 330,298   $ 1   $ 4
Smith Douglas Homes Corp. Stockholders’ Equity                        
Tax distributions (9,735)       (217)   (217) (9,518)        
Equity-based compensation 969       969 969            
Stock issued under incentive award plans (in shares)                   23,795    
Net income 16,435       2,365   2,365 14,070        
Ending balance (in shares) at Jun. 30, 2025                 9,015,173 9,015,173 42,435,897 42,435,897
Ending balance at Jun. 30, 2025 $ 414,832       $ 79,982 $ 59,789 $ 20,188 $ 334,850   $ 1   $ 4