Smith Midland (SMID) Operating Expenses (2011 - 2025)

Smith Midland's Operating Expenses history runs 15 years deep, the most recent figure standing at $2.3 million for Q4 2025.

• In Q4 2025, Operating Expenses fell 9.33% year-over-year to $2.3 million; the TTM figure through Dec 2025 stood at $6.8 million (down 11.42% YoY), while the FY2025 annual figure was $9.0 million, down 10.55% from the prior year.
• Operating Expenses came in at $2.3 million for Q4 2025 at Smith Midland, up from $1.9 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $2.8 million in Q2 2023 to a low of $1.8 million in Q1 2022.
• A 5-year average of $2.3 million and a median of $2.2 million in 2022 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses surged 31.57% in 2024 and tumbled 30.22% in 2025, its largest moves.
• Smith Midland's Operating Expenses stood at $2.4 million in 2021, then climbed by 9.31% to $2.6 million in 2022, then declined by 0.04% to $2.6 million in 2023, then declined by 2.44% to $2.5 million in 2024, then dropped by 9.33% to $2.3 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $2.3 million, $1.9 million, and $2.6 million for Q4 2025, Q3 2025, and Q1 2025 respectively.

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