Smith Douglas Homes (SDHC) Operating Expenses (2023 - 2026)
Smith Douglas Homes (SDHC) recorded quarterly Operating Expenses of $35.9 million in Q1 2026, little changed quarter-over-quarter from $36.0 million in Q4 2025, and up 8.83% on a YoY basis from $33.0 million in Q1 2025.
Smith Douglas Homes (SDHC) Operating Expenses (2023 - 2026) Analysis & Trends
Smith Douglas Homes' Operating Expenses history runs 4 years deep, the most recent figure standing at $35.9 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 8.83% year-over-year to $35.9 million; the TTM figure through Mar 2026 stood at $142.7 million (up 0.6% YoY), while the FY2025 annual figure was $139.8 million, up 2.49% from the prior year.
- Operating Expenses was $35.9 million for Q1 2026 at Smith Douglas Homes, roughly flat from $36.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $42.9 million in Q4 2024 to a low of $19.8 million in Q1 2023.
- Historically, Operating Expenses has averaged $31.1 million across 4 years, with a median of $33.0 million in 2025.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 54.48% in 2024, then slipped 16.1% in 2025.
- A 4-year view of Operating Expenses shows it stood at $27.8 million in 2023, then jumped by 54.48% to $42.9 million in 2024, then slipped by 16.1% to $36.0 million in 2025, then retreated by 0.22% to $35.9 million in 2026.
- The last three Operating Expenses figures came in at $35.9 million (Q1 2026), $36.0 million (Q4 2025), and $36.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vesta Real Estate Corporation, S.A.B. de C.V | 19.65 Bn | 19.45 Bn | - | -9.80 Mn |
| 2 | Howard Hughes Holdings | 3.99 Bn | 2.22 Bn | 182.88 Mn | 185.37 Mn |
| 3 | Century Communities | 1.70 Bn | 1.62 Bn | 637.90 Mn | 22.22 Mn |
| 4 | Forestar | 1.48 Bn | 1.12 Bn | 80.20 Mn | 37.90 Mn |
| 5 | Five Point Holdings | 361.15 Mn | 1.49 Bn | 13.58 Mn | 23.22 Mn |
| 6 | Sky Harbour | 317.31 Mn | 324.50 Mn | 7.09 Mn | 14.05 Mn |
| 7 | Belpointe PREP | 180.46 Mn | 161.50 Mn | - | 15.16 Mn |
| 8 | Amrep | 138.84 Mn | 88.35 Mn | 14.23 Mn | 11.57 Mn |
| 9 | Smith Douglas Homes | 121.76 Mn | 447.61 Mn | 40.45 Mn | 35.91 Mn |
| 10 | JFB Construction Holdings | 88.07 Mn | 62.81 Mn | 681,192.00 | 2.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.91 Mn |
| Dec 31, 2025 | 35.99 Mn |
| Sep 30, 2025 | 36.09 Mn |
| Jun 30, 2025 | 34.70 Mn |
| Mar 31, 2025 | 33.00 Mn |
| Dec 31, 2024 | 42.90 Mn |
| Sep 30, 2024 | 34.14 Mn |
| Jun 30, 2024 | 31.81 Mn |
| Mar 31, 2024 | 27.54 Mn |
| Dec 31, 2023 | 27.77 Mn |
| Sep 30, 2023 | 22.95 Mn |
| Jun 30, 2023 | 21.93 Mn |
| Mar 31, 2023 | 19.79 Mn |