Smith Douglas Homes (SDHC) Operating Expenses (2023 - 2026)
Smith Douglas Homes (SDHC) posted quarterly Operating Expenses of $35.9 million for Q1 2026, up 8.83% year-over-year from $33.0 million in Q1 2025, and little changed quarter-over-quarter from $36.0 million in Q4 2025.
Smith Douglas Homes (SDHC) Operating Expenses (2023 - 2026) Analysis & Trends
Smith Douglas Homes (SDHC) has reported Operating Expenses for 4 consecutive years, with $35.9 million the latest figure, recorded in 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 little changed at $35.9 million in Q1 2026 per SDHC's latest filing, from $36.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $42.9 million in Q4 2024 and bottomed at $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.
- Annual changes were most pronounced in 2024 — Operating Expenses surged 54.48% — and 2025, when it decreased 16.1%.
- Smith Douglas Homes' Operating Expenses stood at $27.8 million in 2023, then soared by 54.48% to $42.9 million in 2024, then decreased by 16.1% to $36.0 million in 2025, then fell by 0.22% to $35.9 million in 2026.
- Business Quant data shows SDHC's Operating Expenses at $35.9 million in Q1 2026, $36.0 million in Q4 2025, and $36.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Howard Hughes Holdings | 3.94 Bn | 3.94 Bn | 1.07 Bn | 895.60 Mn |
| 2 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.04 Bn | 3.04 Bn | - | -9.30 Mn |
| 3 | Century Communities | 2.01 Bn | 1.92 Bn | 190.18 Mn | -173,000.00 |
| 4 | Forestar | 1.49 Bn | 1.10 Bn | 84.10 Mn | 38.30 Mn |
| 5 | Five Point Holdings | 389.23 Mn | 39.86 Mn | -23.72 Mn | 21.49 Mn |
| 6 | Belpointe PREP | 187.10 Mn | 187.10 Mn | - | 15.16 Mn |
| 7 | Amrep | 122.80 Mn | 70.12 Mn | 4.41 Mn | 8.90 Mn |
| 8 | Logistic Properties of the Americas | 106.67 Mn | 106.67 Mn | - | -4.18 Mn |
| 9 | Smith Douglas Homes | 103.50 Mn | 89.30 Mn | 47.92 Mn | 41.91 Mn |
| 10 | JFB Construction Holdings | 76.81 Mn | 68.84 Mn | 1.33 Mn | 5.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 41.91 Mn |
| 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 |