Smith Douglas Homes Corp.
For the period ended Nov 5, 2025. Filed Nov 5, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Nov 5, 2025 · Filed Nov 5, 2025
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Contents
EX-99.1 · Selected Other Operating Data
Selected Other Operating Data
| Three months endedSeptember 30, | Nine months endedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Home closings | 788 | 812 | 2,128 | 2,031 |
| ASP of homes closed | $333 | $342 | $334 | $339 |
| Net new home orders | 690 | 600 | 2,194 | 2,080 |
| Contract value of net new home orders | $231,818 | $205,164 | $737,957 | $708,446 |
| ASP of net new home orders | $336 | $342 | $336 | $341 |
| Cancellation rate(1) | 11.2% | 11.4% | 9.7% | 11.3% |
| Backlog homes (period end)(2) | 760 | 961 | 760 | 961 |
| Contract value of backlog homes (period end) | $258,732 | $332,035 | $258,732 | $332,035 |
| ASP of backlog homes (period end) | $340 | $346 | $340 | $346 |
| Active communities (period end)(3) | 98 | 74 | 98 | 74 |
| Controlled lots (period end): | ||||
| Homes under construction | 1,098 | 1,135 | 1,098 | 1,135 |
| Owned lots | 641 | 611 | 641 | 611 |
| Optioned lots | 22,561 | 16,132 | 22,561 | 16,132 |
| Total controlled lots | 24,300 | 17,878 | 24,300 | 17,878 |
(1)The cancellation rate is the total number of cancellations during the period divided by the total gross new home orders during the period.
(2)Backlog homes (period end) is the number of homes in backlog from the previous period plus the number of net new home orders generated during the current period minus the number of homes closed during the current period.
(3)A community becomes active once the model is completed or the community has its first sale. A community becomes inactive when it has fewer than two homes remaining to sell.
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