Smith Douglas Homes (SDHC) Q2 2026 Earnings Summary

Smith Douglas grew closings 25% and orders 32% on a 55-day build time, but pre-tax income was just $1.9M after impairments and option write-offs.

Quarter ended June 30, 2026.

Closings 839 (↑25%)
Revenue $273.0M (↑22%)
Gross margin 17.6%
Orders 970 (↑32%)

From the call

“Our construction cycle time for homes closed averaged 55 days as we continue to emphasize construction efficiency across our home building platform.”

A 55-day build lets Smith Douglas sell before drywall and still let buyers personalize, which keeps it close to build-to-order margins.

Source: Smith Douglas Homes 8-K and earnings call.

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