Smith Douglas Homes (SDHC) Operating Expenses (2023 - 2026)
Smith Douglas Homes' (SDHC) quarterly Operating Expenses came in at $35.9 million in Q1 2026, up 8.83% year-on-year from $33.0 million in Q1 2025, and little changed on a QoQ basis from $36.0 million in Q4 2025.
Smith Douglas Homes (SDHC) Operating Expenses (2023 - 2026) Analysis & Trends
Smith Douglas Homes (SDHC) has 4 years of Operating Expenses data on file, last reported at $35.9 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 8.83% year-over-year to $35.9 million in Q1 2026; TTM through Mar 2026 was $142.7 million, a 0.6% increase from a year earlier, with the FY2025 full-year figure at $139.8 million, up 2.49% from the prior year.
- Operating Expenses for Q1 2026 stood at $35.9 million, roughly flat from $36.0 million in the prior quarter.
- Over the last five years, Operating Expenses for SDHC reached as high as $42.9 million in Q4 2024 and fell as low as $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.
- Across the five-year window, Operating Expenses soared 54.48% in 2024 and fell 16.1% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $27.8 million in 2023, then surged by 54.48% to $42.9 million in 2024, then dropped by 16.1% to $36.0 million in 2025, then decreased by 0.22% to $35.9 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $35.9 million in Q1 2026, $36.0 million in Q4 2025, and $36.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vesta Real Estate Corporation, S.A.B. de C.V | 29.14 Bn | 29.14 Bn | - | -9.30 Mn |
| 2 | Howard Hughes Holdings | 3.90 Bn | 3.90 Bn | 182.88 Mn | 185.37 Mn |
| 3 | Century Communities | 2.02 Bn | 1.93 Bn | 190.18 Mn | -173,000.00 |
| 4 | Forestar | 1.48 Bn | 1.09 Bn | 84.10 Mn | 38.30 Mn |
| 5 | Five Point Holdings | 407.88 Mn | 58.50 Mn | -23.72 Mn | 21.49 Mn |
| 6 | Sky Harbour | 352.49 Mn | 352.49 Mn | - | 14.05 Mn |
| 7 | Belpointe PREP | 175.24 Mn | 175.24 Mn | - | 15.16 Mn |
| 8 | Smith Douglas Homes | 136.02 Mn | 108.03 Mn | 40.45 Mn | 35.91 Mn |
| 9 | Amrep | 122.75 Mn | 70.06 Mn | 4.41 Mn | 8.90 Mn |
| 10 | Logistic Properties of the Americas | 98.33 Mn | 98.33 Mn | - | -4.07 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 |