Smith Douglas Homes (SDHC) Southeast Reporting Segment — Abandonment of lot option contracts

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Other segment segments

Central Reporting Segment

$600K—

Similar metrics at other companies

CCSAbandonment Of Lot Option Contracts

$1.13M-57.4%

CCSAbandonment Of Lot Option Contracts

$1.13M-57.4%

BZHSoutheast — Total abandonments charges

$0-100%

LGIHSoutheast — Segment Reporting, Other Segment Item, Amount

$12.12M-23.5%

CCSSoutheast — Segment Reporting Other Item Amount

$175K-69.4%

BZHSoutheast — Inventory impairments and abandonments

$0-100%

Other financials

Income statement

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Revenue$273.0M+21.9%

Gross profit$47.9M-7.7%

Net income$246.0K-89.6%

EPS (diluted)$0.03-88.5%

Balance sheet

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Cash & equivalents$14.2M-15.4%

Total debt$2.7M+18.5%

Total equity$79.5M-0.6%

Total assets$592.1M+3.8%

Cash flow

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Operating cash flow$4.5M+116%

CapEx$599.0K-71.8%

Free cash flow$3.9M+113%

Valuation

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Market cap$129.8M-32.8%

Enterprise value$118.29M-33.9%

P/E20.1×+6.8×

P/S0.1×-0.1×

Profitability

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Gross margin19.5%-5.4pp

Net margin0.6%-0.8pp

FCF margin-3.9%-7.3pp

Returns & leverage

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Return on equity8.1%-12.3pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Smith Douglas Homes in its filing.

Tagged under the XBRL concept sdhc:AbandonmentOfLotOptionContracts.

The source filing: Smith Douglas Homes’s 10-Q, filed August 6, 2026.

Filed: Aug 6, 2026, 4:12 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001628280-26-054313

During the three and six months ended June 30, 2026, the Company recognized a lot option contract abandonment charge of $3.9 million in the Southeast reporting segment and $0.6 million in the Central reporting segment, which is included within other expense (income), net in the accompanying unaudited condensed consolidated statements of income. During the six months ended June 30, 2025, a lot option contract abandonment charge of $0.7 million was recognized in the Central reporting segment. No lot option contract abandonment charges were recognized during the three months ended June 30, 2025.

Item 1. Financial Statements.

FAQ

What is Smith Douglas Homes's southeast reporting segment — abandonment of lot option contracts?: Smith Douglas Homes (SDHC) reported southeast reporting segment — abandonment of lot option contracts of $3.9M in Q2 2026.
What does southeast reporting segment — abandonment of lot option contracts mean?: This metric quantifies the financial impact of forfeiting deposits or rights to purchase land parcels that the company has decided not to develop. It reflects the company's risk management process regarding land acquisition and its ability to pivot away from projects that no longer meet profitability thresholds. High levels of abandonment may signal changing market conditions or overly aggressive initial land acquisition strategies.