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 19.89 Bn 19.69 Bn - -9.80 Mn
2 Howard Hughes Holdings 3.83 Bn 2.06 Bn 182.88 Mn 185.37 Mn
3 Century Communities 1.63 Bn 1.55 Bn 637.90 Mn 22.22 Mn
4 Forestar 1.44 Bn 1.08 Bn 80.20 Mn 37.90 Mn
5 Five Point Holdings 364.73 Mn 1.50 Bn 13.58 Mn 23.22 Mn
6 Sky Harbour 315.28 Mn 322.47 Mn 7.09 Mn 14.05 Mn
7 Belpointe PREP 182.32 Mn 163.36 Mn - 15.16 Mn
8 Amrep 139.91 Mn 89.41 Mn 14.23 Mn 11.57 Mn
9 Smith Douglas Homes 119.50 Mn 445.34 Mn 40.45 Mn 35.91 Mn
10 JFB Construction Holdings 91.63 Mn 66.37 Mn 681,192.00 2.70 Mn

Historic Data

Download Data
DateValue
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