Smith Douglas Homes Corp.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $246.0K | $565.0K | $3.5M | $2.1M | $2.4M | $2.7M | $4.1M | $5.3M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $915.0K | $857.0K | $783.0K | $700.0K | $580.0K | $486.0K | $697.0K | $419.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $1.6M | $1.2M | $1.0M | $1.1M | $969.0K | $612.0K | $1.2M | $1.2M |
| Net Cash from Operating Activities | $4.5M | $338.0K | $9.8M | $22.8M | $-28.9M | $-34.9M | $5.5M | $22.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $599.0K | $540.0K | $1.0M | $1.4M | $2.1M | $1.0M | $676.0K | $638.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-587.0K | $-565.0K | $-1.1M | $-1.3M | $-2.1M | $-2.1M | $-926.0K | $-627.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-17.7M | $15.5M | $-10.7M | $-23.4M | $35.2M | $27.3M | $-5.9M | $-15.8M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $3.9M | $-202.0K | $8.7M | $21.4M | $-31.1M | $-35.9M | $4.8M | $22.3M |