For the quarter ending 2025-09-30, SMID had $5,828,447 increase in cash & cash equivalents over the period. $6,332,115 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 10,367,502 | 7,498 |
| Depreciation and amortization | 1,913,698 | 1,302 |
| (gain) on sale of property and equipment | 0 | 0 |
| Allowance for credit losses | 35,802 | 198 |
| Stock compensation | 12,990 | 10 |
| Settlement of restricted stock | 0 | - |
| Deferred taxes | -9,990 | -10 |
| Accounts receivable - billed | 6,064,909 | 11,091 |
| Accounts receivable - unbilled | 69,087 | -87 |
| Inventories | 1,212,492 | 508 |
| Prepaid expenses and other assets | 873,172 | 828 |
| Refundable income taxes | 0 | - |
| Accounts payable - trade | 1,043,219 | 781 |
| Accrued expenses and other liabilities | 25,993 | 7 |
| Deferred revenue | 3,934,302 | 3,698 |
| Accrued compensation | 339,976 | 24 |
| Accrued income taxes | 1,118,866 | 134 |
| Customer deposits | 1,148,902 | 1,098 |
| Net cash provided by (used in) operating activities | 11,711,600 | 2,400 |
| Purchases of property and equipment | 5,379,485 | 2,515 |
| Proceeds from the sale of property and equipment | 0 | - |
| Net cash provided by (used in) investing activities | -5,379,485 | -2,515 |
| Repayments of long-term borrowings | 503,668 | 332 |
| Net cash provided by (used in) financing activities | -503,668 | -332 |
| Net increase (decrease) in cash | 5,828,447 | -447 |
| Cash and cash equivalents at beginning of period | 7,548,000 | - |
| Cash and cash equivalents at end of period | 13,376,000 | - |
SMITH MIDLAND CORP (SMID)
SMITH MIDLAND CORP (SMID)