Filing Flows › Smith Douglas Homes (SDHC) › Q2 2026
Smith Douglas Homes (SDHC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Smith Douglas Homes (SDHC) reported revenue of $273M for the second quarter 2026 (Q2 2026), +22% from a year earlier and +32% from the quarter before. Operating margin was 0.7%, net earnings $246K (0.1% of revenue).
Smith Douglas Homes, Q2 2026: revenue $273M (+22% year over year), operating margin 0.7%, net earnings $246K, operating cash flow $4.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $273M | +32% | +22% |
| Gross profit | $47.9M | +18% | -8% |
| Operating profit | $1.9M | -57% | -89% |
| Net earnings | $246K | -56% | -90% |
| Operating cash flow | $4.5M | 13× | — |
| Free cash flow | $3.9M | — | — |
What changed
Revenue was $273.0M in Q2 2026, up 22% year over year and up 32% from the previous quarter.
Gross margin was 17.6%, down 5.6 points from Q2 2025. Operating profit was $1.9M, a 0.7% margin (down 7.0 points year over year). Operating profit fell $15.3M even though revenue rose $49.1M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 32% against revenue growth of 22%. Net earnings were $246K, down 90% year over year. The effective tax rate was 5.4%.
Operating cash flow was $4.5M, 255% of net income including minority interests. Non-cash charges added back $915K of depreciation and $1.6M of share-based compensation. Working capital and other items added $251K. Capital expenditures of $599K left free cash flow of $3.9M.
Questions
What was Smith Douglas Homes' revenue in the second quarter 2026?
Smith Douglas Homes (SDHC) reported revenue of $273M for the second quarter 2026 (Q2 2026), +22% from a year earlier and +32% from the quarter before.
Was Smith Douglas Homes profitable in the second quarter 2026?
Operating profit was $1.9M (0.7% of revenue) and net earnings $246K.