Smith Douglas Homes | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 223.92 M

Revenue: As of FY2025 Q2, the actual value is USD 223.92 M, beating the estimate of USD 213.86 M.

EPS: As of FY2025 Q2, the actual value is USD 0.26.

EBIT: As of FY2025 Q2, the actual value is USD 18.8 M, beating the estimate of USD 16.58 M.

Southeast Segment

• Home Closing Revenue: $141.3 million for Q2 2025, a 14% increase from $124.4 million in Q2 2024.
• Home Closings: 407 homes in Q2 2025, a 15% increase from 355 homes in Q2 2024.
• ASP of Homes Closed: $347, a 1% decrease from $350 in Q2 2024.
• Segment Profit: $21.99 million for Q2 2025, a decrease from $25.60 million in Q2 2024.

Central Segment

• Home Closing Revenue: $82.7 million for Q2 2025, a 14% decrease from $96.5 million in Q2 2024.
• Home Closings: 262 homes in Q2 2025, a 12% decrease from 298 homes in Q2 2024.
• ASP of Homes Closed: $315, a 3% decrease from $324 in Q2 2024.
• Segment Profit: $6.35 million for Q2 2025, a decrease from $13.34 million in Q2 2024.

Cash Flow

• Net Cash Used in Operating Activities: -$63.8 million for the six months ended June 30, 2025, compared to -$9.2 million for the same period in 2024.
• Net Cash Used in Investing Activities: -$4.2 million for the six months ended June 30, 2025, compared to -$3.2 million for the same period in 2024.
• Net Cash Provided by Financing Activities: $62.5 million for the six months ended June 30, 2025, compared to $9.9 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue its growth within existing markets and expand into new markets in the Southeastern and Southern United States, focusing on entry-level and empty-nest homebuyers.
• Non-Core Business: No specific plans related to divestitures or emerging segments were mentioned.