Smith Douglas Homes Corp. filed its quarterly report on Form 10-Q with the SEC on November 4, 2026, covering the fiscal quarter ended September 30, 2026.

Key Highlights

  • Share counts as of October 30, 2026: approximately 8,372,261 shares of Class A common stock and approximately 42,435,897 shares of Class B common stock were outstanding, according to the filing.
  • Filer status: the company disclosed it is classified as an accelerated filer, a smaller reporting company, and an emerging growth company under SEC definitions.
  • Extended transition period election: the registrant indicated it has elected not to use the extended transition period for complying with new or revised financial accounting standards.
  • IPO reference: the filing states the company completed its initial public offering on January 16, 2024, offering 8,846,154 shares of Class A common stock at $21.00 per share, generating gross proceeds of $185.8 million before underwriting discounts.
  • Tax Receivable Agreement: the filing discloses that Smith Douglas Homes Corp. is required to pay each Continuing Equity Owner 85% of certain tax benefits it realizes, or in certain cases is deemed to realize, under the Tax Receivable Agreement.

Smith Douglas Homes Reports September 30, 2026 Quarter: Capital Structure and Key Disclosures

Smith Douglas Homes Corp. (NYSE:SDHC), a Delaware-incorporated homebuilder headquartered at 110 Village Trail, Suite 215, Woodstock, Georgia 30188, filed its Form 10-Q for the quarterly period ended September 30, 2026. The filing covers three and nine months of financial activity ended September 30, 2026, compared against the same periods in 2025. As of October 30, 2026, the company reported approximately 8,372,261 shares of Class A common stock outstanding and approximately 42,435,897 shares of Class B common stock outstanding.

The filing describes the company's two-class share structure, in which Class B common stock is held by Continuing Equity Owners - including entities associated with founder and Executive Chairman Tom Bradbury (the Founder Fund) and Chief Executive Officer, President, and Vice Chairman Greg Bennett (GSB Holdings). According to the filing, Continuing Equity Owners may exchange their LLC Interests for cash or newly issued shares of Class A common stock, at the company's election as determined solely by its independent directors, with corresponding Class B shares canceled upon each exchange.

The filing also references the company's amended and restated revolving credit facility, entered concurrently with the January 2024 IPO, which replaced a prior $175.0 million unsecured revolving credit facility with Wells Fargo Bank, National Association, as administrative agent. At the time of the IPO, $84.0 million outstanding under the prior facility was repaid using a portion of IPO net proceeds, according to the filing. The Class B common stock sunset provision disclosed in the filing states that Class B shares would reach their "Sunset Date" once the aggregate Class B shares outstanding fall below 10% of the total combined Class A and Class B shares outstanding.

What Was Disclosed

Smith Douglas Homes Corp. filed its Form 10-Q for the quarter ended September 30, 2026, disclosing share counts as of October 30, 2026, filer classifications, its two-class equity structure, Tax Receivable Agreement obligations, and historical IPO details.