For the quarter ending 2025-09-30, SDHC had -$2,002K decrease in cash & cash equivalents over the period. $21,397K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 51,360 | - |
| Depreciation | 700 | 1,066 |
| Accrued incentive compensation expense | 234 | 384 |
| Share-based payment expense | 1,054 | 1,581 |
| Abandonment of lot option contracts | 1,580 | 716 |
| Impairment of real estate inventory | 0 | 642 |
| Amortization of debt issuance costs | 244 | 456 |
| Equity in earnings from unconsolidated entities | 1,457 | - |
| Distributions of income from unconsolidated entities | 634 | 747 |
| Non-cash lease expense | 134 | 388 |
| Provision for deferred income taxes | 171 | 263 |
| Other | -1 | -10 |
| Real estate inventory | -2,991 | 63,953 |
| Deposits on real estate under option or contract | 4,332 | 30,062 |
| Other assets | 3,475 | -677 |
| Accounts payable | 5,278 | -1,411 |
| Customer deposits | -747 | 602 |
| Accrued expenses and other liabilities | 2,713 | -10,261 |
| Net cash (used in) provided by operating activities | 22,753 | -63,847 |
| Purchases of property and equipment | 1,356 | 3,156 |
| Investments in unconsolidated entities | 0 | 1,086 |
| Other | -8 | -17 |
| Net cash used in investing activities | -1,348 | -4,225 |
| Issuance of class a common stock in ipo, net of underwriting discount | 0 | 0 |
| Issuance of class b common stock | 0 | 0 |
| Payment of offering costs | 0 | 0 |
| Redemption of class c and d units | 0 | 0 |
| Purchase of llc interests from continuing equity owners | 0 | 0 |
| Borrowings under revolving credit facility | 15,000 | 149,000 |
| Repayments under revolving credit facility | 34,900 | 80,100 |
| Payments on notes payable | 428 | 832 |
| Payments on notes payable - related party | 123 | 40 |
| Proceeds from sales of real estate not owned | 9,568 | 27,115 |
| Payments related to repurchases of real estate not owned | 6,867 | 6,818 |
| Distributions | 4,395 | 23,621 |
| Payment of shares withheld for taxes | 1,262 | - |
| Payment of debt issuance costs | 0 | 2,218 |
| Net cash provided by (used in) financing activities | -23,407 | 62,486 |
| Net (decrease) increase in cash and cash equivalents | -2,002 | -5,586 |
| Cash and cash equivalents at beginning of period | 22,363 | - |
| Cash and cash equivalents at end of period | 14,775 | - |
Smith Douglas Homes Corp. (SDHC)
Smith Douglas Homes Corp. (SDHC)