SDHC — what changed in the latest 10-Q
A section-by-section comparison of SDHC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-04 vs the prior 10-Q · 2026-08-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +36 | −36 | ~22 | 46 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | +2 | −1 | ~1 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | No paragraph-level changes | 0 | 0 | 0 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-04
We believe our dedication to entry-level and empty-nest homebuyers with a focus on price points that fall below FHA guidelines, our efficient construction process, and our affordable luxury sales experience caters to the desires of
Three months ended September 30,Nine months ended September 30,
Net income attributable to non-controlling interests2,45414,0897,47344,186
Nine months ended September 30,20262025Period over period change
Cost of home closings for the three months ended September 30, 2026, was $219.8 million, an increase of $12.7 million, or 6%, from $207.1 million for the three months ended September 30, 2025, which was primarily driven by a 5% increase in home closings and a 1% increase in the average cost of home …
Text removed vs the prior filing · source: 10-Q · 2026-08-06
We believe our dedication to entry-level and empty-nest homebuyers with a focus on price points that fall below FHA guidelines, our efficient construction process, and our affordable luxury sales experience caters to the desires of today’s aspiring homeowners and is resilient across economic cycles.…
Net income attributable to non-controlling interests1,52214,0705,01930,097
Net income attributable to Smith Douglas Homes Corp.$246$2,365$811$5,048
Cost of home closings for the three months ended June 30, 2026, was $225.1 million, an increase of $53.1 million, or 31%, from $172.0 million for the three months ended June 30, 2025, which was primarily driven by a 25% increase in home closings and a 4% increase in the average cost of home closings…
Home closing gross profit for the three months ended June 30, 2026 was $47.9 million, a decrease of $4.0 million, or 8%, from $51.9 million for the three months ended June 30, 2025. Home closing gross margin, expressed as a percentage and calculated as home closing gross profit divided by home closi…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-11-04
our principal executive officer and principal financial officer concluded that, as of September 30, 2026, our disclosure controls and procedures were effective at the reasonable assurance level.
There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the quarter ended September 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial re…
Text removed vs the prior filing · source: 10-Q · 2026-08-06
There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporti…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice