Smith Douglas Homes (SDHC) Q3 FY2026 earnings: revenue $263 million, up 0.2% on the year

Smith Douglas Homes Corp. (SDHC) reported revenue of $263 million for Q3 FY2026, the quarter ended 30 September 2026, up 0.2% on the same quarter a year earlier. Net income was $577,000, down 72.9% on the year, and diluted earnings per share $0.07. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$263 million

+0.2% on the year · -3.9% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

n/a

Q4 FY2024Q3 FY2026

Net income

$577,000

-72.9% on the year · +134.6% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.07

-70.8% on the year · +133.3% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Orders and backlog both grew: Net new home orders rose 13% to 777 and backlog homes rose 25% to 947 at quarter end. Nine-month net new orders were 2,728, against 2,194 a year earlier.
Diluted EPS and pretax income fell: Diluted EPS was $0.07 against $0.24 a year earlier. Pretax income was $3.3 million against $17.2 million.
Gross margin fell to 16.3%: Home closing gross margin was 16.3% against 21.0%. Cost of home closings rose to $219.8 million from $207.1 million, while revenue rose 0.2%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	263	273	262	-3.9%	+0.2%
Cost of revenue	220	225	207	-2.4%	+6.1%
Gross profit	42.7	47.9	55.0	-10.9%	-22.3%
Gross margin	16.3%	17.6%	21.0%
Selling, general and administrative	40.4	41.9	36.1	-3.7%	+11.9%
Interest expense	0.1	0.6	0.9	-89.7%	-92.7%
Pre-tax income	3.3	1.9	17.2	+77.2%	-80.8%
Income tax	0.3	0.1	1.0	+179.0%	-72.7%
Effective tax rate	8.4%	5.4%	5.9%
Net income	0.6	0.2	2.1	+134.6%	-72.9%
Net margin	0.2%	0.1%	0.8%
Diluted EPS	$0.07	$0.03	$0.24	+133.3%	-70.8%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-33.3	4.5	22.8
Capital expenditure	1.5	0.6	1.4	+157.3%	+13.6%
Free cash flow	-34.9	3.9	21.4
Free cash flow margin	-13.3%	1.4%	8.2%
Cash from investing	0.2	-0.6	-1.3
Cash from financing	24.8	-17.7	-23.4
Depreciation	0.9	0.9	0.7	+1.3%	+32.4%
Share-based compensation	1.6	1.6	1.1	+2.2%	+53.0%
Diluted shares, weighted	8m	8m	9m	+0.1%	-7.4%
Shares outstanding at period end	51m	51m	51m	-0.0%	-1.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	81.3	79.5	82.2	+2.3%	-1.1%
Non-controlling interest	355	353	344	+0.5%	+3.2%
Debt	101	66.0	53.6	+53.6%	+89.1%
Other liabilities	95.7	93.1	91.5	+2.8%	+4.6%
Total liabilities and equity	634	592	572	+7.0%	+10.9%
Fixed assets	8.7	9.2	9.5	-5.2%	-8.2%
Goodwill	25.7	25.7	25.7	0.0%	0.0%
Cash and equivalents	5.9	14.2	14.8	-58.3%	-59.9%
Other assets	593	543	522	+9.3%	+13.8%
Total assets	634	592	572	+7.0%	+10.9%

Questions

What was Smith Douglas Homes' revenue in Q3 FY2026?

Smith Douglas Homes (SDHC) reported revenue of $263 million for Q3 FY2026, the quarter ended 30 September 2026, up 0.2% on the same quarter a year earlier.

How much did Smith Douglas Homes earn in Q3 FY2026?

Net income for Q3 FY2026 was $577,000, down 72.9% on the year, and diluted earnings per share $0.07.

When did Smith Douglas Homes report Q3 FY2026 results?

Smith Douglas Homes filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 15 quarters

	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	168	182	198	217	189	221	278	287	225	224	262	260	206	273	263
Cost of revenue	120	129	141	159	140	162	204	214	171	172	207	209	166	225	220
Gross profit	48.5	52.7	57.1	58.0	49.5	59.1	73.7	73.3	53.5	51.9	55.0	51.7	40.5	47.9	42.7
Gross margin	29%	29%	29%	27%	26%	27%	27%	26%	24%	23%	21%	20%	20%	18%	16%
SG&A	19.8	21.9	23.0	27.8	27.5	31.8	34.1	42.9	33.0	34.7	36.1	36.0	35.9	41.9	40.4
Interest expense	0.2	0.3	0.5	0.6	0.7	0.6	0.6	0.6	0.7	0.8	0.9	0.9	0.8	0.6	0.1
Pre-tax income	28.8	30.7	33.9	29.7	21.4	25.9	39.6	30.0	19.6	17.2	17.2	16.9	4.3	1.9	3.3
Tax rate	0%	0%	0%	0%	4%	4%	4%	4%	4%	4%	6%	-1%	6%	5%	8%
Net income	28.8	30.7	33.9	29.7	3.0	3.6	5.3	4.1	2.7	2.4	2.1	3.5	0.6	0.2	0.6
Net margin	17%	17%	17%	14%	2%	2%	2%	1%	1%	1%	1%	1%	0%	0%	0%
Diluted EPS	n/a	n/a	n/a	n/a	$0.33	$0.40	$0.58	$0.46	$0.30	$0.26	$0.24	$0.39	$0.06	$0.03	$0.07
Operating cash flow	26.6	9.3	19.1	21.3	-9.3	0.0	22.9	5.5	-34.9	-28.9	22.8	9.8	0.3	4.5	-33.3
Capital expenditure	0.2	0.3	0.6	0.2	0.4	2.1	0.6	0.7	1.0	2.1	1.4	1.0	0.5	0.6	1.5
Free cash flow	26.4	9.1	18.4	21.1	-9.7	-2.1	22.3	4.8	-35.9	-31.1	21.4	8.7	-0.2	3.9	-34.9
Shares outstanding	n/a	n/a	n/a	n/a	n/a	n/a	n/a	51m	51m	51m	51m	51m	51m	51m	51m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.