Filing Flows › Smith Douglas Homes (SDHC) › Q3 2026
Smith Douglas Homes (SDHC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Smith Douglas Homes (SDHC) reported revenue of $263M for the third quarter 2026 (Q3 2026), +0.2% from a year earlier and -4% from the quarter before. Operating margin was 1.3%, net earnings $577K (0.2% of revenue).
Smith Douglas Homes, Q3 2026: revenue $263M (+0.2% year over year), operating margin 1.3%, net earnings $577K, operating cash flow −$33.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $263M | -4% | +0.2% |
| Gross profit | $42.7M | -11% | -22% |
| Operating profit | $3.3M | +77% | -81% |
| Net earnings | $577K | +135% | -73% |
| Operating cash flow | −$33.3M | -839% | -247% |
What changed
Revenue was $262.5M in Q3 2026, roughly flat year over year and down 4% from the previous quarter.
Gross margin was 16.3%, down 4.7 points from Q3 2025. Operating profit was $3.3M, a 1.3% margin (down 5.3 points year over year). Operating profit fell $13.9M even though revenue rose $468K versus Q3 2025, so costs grew faster than sales. Operating expenses grew 4% against flat revenue. Net earnings were $577K, down 73% year over year. The effective tax rate was 8.4%.
Operating cash flow was −$33.3M. Non-cash charges added back $927K of depreciation and $1.6M of share-based compensation. Working capital and other items used $38.9M. Capital expenditures of $1.5M exceeded it, leaving free cash flow of −$34.9M.
Questions
What was Smith Douglas Homes' revenue in the third quarter 2026?
Smith Douglas Homes (SDHC) reported revenue of $263M for the third quarter 2026 (Q3 2026), +0.2% from a year earlier and -4% from the quarter before.
Was Smith Douglas Homes profitable in the third quarter 2026?
Operating profit was $3.3M (1.3% of revenue) and net earnings $577K.