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
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