FY2025 · ended Dec 31, 2025 · Revenue $93.45M, +19.0% YoY · Filed Apr 14, 2026
Smith-Midland Corporation (SMID) files with the SEC under industry code 3272, Concrete Products, Except Block & Brick. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $93.4 million and net income of $12.5 million. Free cash flow was $5.0 million. As of Jun 30, 2026 it held $10.7 million in cash and investments and $80,000 in total debt.
Revenue (TTM)
$89.50M
-1.6% vs year-ago TTM
Net income (TTM)
$7.73M
-49.1% vs year-ago TTM
Operating cash flow (TTM)
$16.94M
+424.5% vs year-ago TTM
Free cash flow (TTM)
$4.05M
+666.4% vs year-ago TTM
EPS (TTM)
$1.46
-36.1% vs year-ago TTM
Dividend per share
None
Shares outstanding
5.31M
+0.0% vs prior year
Net cash
$10.58M
as of Jun 30, 2026
Operating margin
12.1%
FY 2026
Company profile
- Industry
- Concrete Products, Except Block & Brick (SIC 3272)
- Listed as
- SMID (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Midland, VA
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 924719
Other Concrete Products, Except Block & Brick companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $93.4M | $78.5M | $59.6M | $50.1M | $50.6M |
| Operating income | $17.0M | $9.9M | $1.1M | $854,000 | $6.2M |
| Net income | $12.5M | $7.7M | $795,000 | $800,000 | $7.6M |
| Diluted EPS | $2.36 | $1.45 | $0.15 | $0.15 | $1.45 |
| Operating cash flow | $14.3M | $5.2M | $7.7M | -$6.3M | $9.1M |
| Free cash flow | $5.0M | -$1.0M | $2.7M | -$9.1M | $3.8M |
| Total assets | $87.7M | $68.0M | $61.3M | $54.3M | $53.3M |
| Total liabilities | $33.4M | $26.3M | $27.2M | $21.3M | $21.5M |
| Stockholders' equity | $54.3M | $41.7M | $34.2M | $33.1M | $31.8M |
| Cash and investments | $11.9M | $7.5M | $9.2M | $6.7M | $13.5M |
| Total debt | $90,000 | $111,000 | $43,000 | $77,000 | $89,000 |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure
|
Aug 25, 2026 | Aug 25, 2026 |
| 10-Q | Quarterly report | Aug 14, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 14, 2026 | Jun 9, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jul 23, 2026 | Jul 16, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Jun 11, 2026 | Jun 10, 2026 |
| 10-Q | Quarterly report | Jun 10, 2026 | Mar 31, 2026 |
All 603 Smith-Midland Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.