Smith-Midland Corporation
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.4M | $21.6M | $23.1M | $21.5M | $26.2M | $22.7M | $18.5M | $23.6M |
| Cost of Revenue | $17.9M | $17.3M | $17.6M | $15.7M | $18.4M | $15.7M | $28.6M | $17.0M |
| Gross Profit | $5.4M | $4.3M | $5.5M | $5.8M | $7.8M | $7.0M | $9.5M | $6.6M |
| Gross Margin | 23.2% | 19.9% | 23.9% | 26.8% | 29.7% | 30.7% | 51.4% | 27.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.5M | $1.8M | $1.5M | $1.1M | $1.5M | $1.6M | $3.3M | $1.7M |
| Operating Income | $2.0M | $1.7M | $3.2M | $3.9M | $5.5M | $4.4M | $4.5M | $3.8M |
| Operating Margin | 8.5% | 8.0% | 14.0% | 18.0% | 21.1% | 19.3% | 24.5% | 16.3% |
| Interest Expense | $66.0K | $47.0K | $64.0K | $44.0K | $62.0K | $55.0K | $114.9K | $56.0K |
| Pretax Income | $1.8M | $1.8M | $3.3M | $3.9M | $5.5M | $4.3M | $4.5M | $3.8M |
| Income Tax Expense | $434.0K | $422.0K | $1.2M | $994.0K | $1.3M | $1.0M | $1.1M | $694.0K |
| Net Income | $1.4M | $1.3M | — | $2.9M | $4.2M | $3.3M | — | $3.2M |
| Net Margin | 5.9% | 6.2% | — | 13.4% | 15.9% | 14.7% | — | 13.4% |
| EPS (Basic) | $0.26 | $0.25 | $0.40 | $0.54 | $0.79 | $0.63 | $0.27 | $0.59 |
| EPS (Diluted) | $0.26 | $0.25 | $0.41 | $0.54 | $0.79 | $0.62 | $0.28 | $0.59 |
| Shares Outstanding (Basic) | 5.3M | 5.3M | 5.3M | 5.3K | 5.3M | 5.3M | 5.3M | 5.3M |
| Shares Outstanding (Diluted) | 5.3M | 5.3M | 5.3M | 5.3K | 5.3M | 5.3M | 5.3M | 5.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |