SMITH MIDLAND CORP (SMID)
SMITH MIDLAND CORP (SMID)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | 13,218,000 | 11,884,000 | 13,376,000 | 7,101 |
| Trade - billed (less allowances of approximately 651 and 539, respectively), including contract retentions | 28,052,000 | 27,228,000 | 25,460,000 | 30,312 |
| Trade - unbilled | 1,836,000 | 1,173,000 | 1,396,000 | 1,240 |
| Raw materials | 1,741,000 | 1,710,000 | 2,498,000 | 2,090 |
| Finished goods | 5,476,000 | 5,218,000 | 5,392,000 | 5,095 |
| Prepaid expenses | 1,269,000 | 1,511,000 | 1,684,000 | 1,609 |
| Refundable income taxes ex | 23,000 | 23,000 | NaN | NaN |
| Total current assets | 51,615,000 | 48,747,000 | 49,806,000 | 47,447 |
| Property and equipment, net | 39,975,000 | 38,478,000 | 35,126,000 | 33,194 |
| Other assets | 605,000 | 504,000 | 505,000 | 535 |
| Total assets | 92,195,000 | 87,729,000 | 85,437,000 | 81,176 |
| Accrued income taxes | NaN | NaN | 2,658,000 | 1,674 |
| Accrued compensation | NaN | NaN | 2,110,000 | 1,794 |
| Accounts payable - trade | 8,266,000 | 5,482,000 | 5,740,000 | 5,810 |
| Accrued expenses and other liabilities | 205,000 | 907,000 | 466,000 | 437 |
| Deferred revenue | 945,000 | 1,128,000 | 3,688,000 | 3,448 |
| Accrued compensation | 2,409,000 | 2,164,000 | NaN | NaN |
| Accrued income taxes | 2,024,000 | 1,602,000 | NaN | NaN |
| Operating lease liabilities | 21,000 | 20,000 | 20,000 | 20 |
| Current maturities of notes payable | 655,000 | 648,000 | 657,000 | 665 |
| Customer deposits | 2,051,000 | 2,381,000 | 2,689,000 | 2,637 |
| Total current liabilities | 16,576,000 | 14,332,000 | 18,028,000 | 16,485 |
| Deferred revenue | 14,810,000 | 13,763,000 | 10,785,000 | 10,785 |
| Operating lease liabilities | 65,000 | 70,000 | 80,000 | 80 |
| Notes payable - less current maturities | 3,626,000 | 3,799,000 | 3,933,000 | 4,097 |
| Deferred tax liability | 1,460,000 | 1,461,000 | 484,000 | 484 |
| Total liabilities | 36,537,000 | 33,425,000 | 33,310,000 | 31,931 |
| Preferred stock, .01 par value authorized 1,000,000 shares, none issued and outstanding | NaN | 0 | 0 | 0 |
| Common stock, 0.01 par value authorized 8,000,000 shares 5,347,474 and 5,347,474 issued and 5,306,554 and 5,306,554 outstanding as of march 31, 2026 and december 31, 2025, respectively | 54,000 | 54,000 | 54,000 | 54 |
| Additional paid-in capital | 7,791,000 | 7,776,000 | 7,730,000 | 7,725 |
| Treasury stock, at cost, 40,920 shares | 102,000 | 102,000 | 102,000 | 102 |
| Retained earnings | 47,915,000 | 46,576,000 | 44,445,000 | 41,568 |
| Total stockholders' equity | 55,658,000 | 54,304,000 | 52,127,000 | 49,245 |
| Total liabilities and stockholders' equity | 92,195,000 | 87,729,000 | 85,437,000 | 81,176 |