Smith-Midland Corporation (SMID)

Smith-Midland Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	10.66	11.88	7.55	9.18	6.73	13.49
Cash & Short-Term Investments	10.66	11.88	7.55	9.18	6.73	13.49
Cash Growth	50.16%	57.45%	-17.73%	36.41%	-50.15%	35.03%
Accounts Receivable	24.57	28.4	20.75	17.73	17.21	10.45
Other Receivables	1.19	0.02	0.02	-	0.48	0.41
Receivables	25.76	28.42	20.77	17.73	17.69	10.86
Inventory	8.53	6.93	6.68	5.15	3.82	2.85
Prepaid Expenses	1.13	1.51	0.85	1.27	0.71	0.55
Total Current Assets	46.08	48.75	35.85	33.33	28.94	27.75
Property, Plant & Equipment	40.01	38.48	31.7	27.68	25.12	21.93
Other Long-Term Assets	0.6	0.5	0.44	0.34	0.25	3.6
Total Assets	86.69	87.73	67.99	61.35	54.31	53.28

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	5.65	5.48	4.74	7.34	5.82	2.07
Accrued Expenses	2.76	3.07	2.2	2.03	1.59	1.69
Current Portion of Long-Term Debt	0.66	0.65	0.66	0.64	0.62	0.46
Current Portion of Leases	0.02	0.02	0.02	0.04	0.08	0.09
Current Income Taxes Payable	-	1.6	1.54	0.47	0.15	2.03
Current Unearned Revenue	2.26	3.51	5.85	5.5	2.98	3.78
Other Current Liabilities	-	-	-	-	-	3.78
Total Current Liabilities	11.35	14.33	15.01	16.02	11.22	13.9
Long-Term Debt	3.48	3.8	4.44	5.09	5.73	3.68
Long-Term Leases	0.06	0.07	0.09	0	0.05	0.12
Long-Term Unearned Revenue	13.31	13.76	6.22	4.42	2.17	1.87
Long-Term Deferred Tax Liabilities	1.47	1.46	0.49	1.65	2.09	1.96
Total Liabilities	29.65	33.43	26.25	27.19	21.26	21.53

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.05	0.05	0.05	0.05	0.05	0.05
Additional Paid-In Capital	7.79	7.78	7.72	7.81	7.44	6.94
Retained Earnings	49.3	46.58	34.07	26.4	25.66	24.86
Treasury Stock	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1
Shareholders' Equity	57.04	54.3	41.74	34.16	33.06	31.75
Total Liabilities & Equity	86.69	87.73	67.99	61.35	54.31	53.28

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	4.22	4.54	5.21	5.77	6.47	4.35
Net Cash (Debt)	6.45	7.35	2.34	3.4	0.26	9.14
Net Cash Growth	187.94%	213.57%	-31.13%	1228.91%	-97.20%	341.93%
Net Cash Per Share	1.22	1.38	0.44	0.64	0.05	1.75
Filing Date Shares Outstanding	5.3	5.31	5.3	5.27	5.26	5.23
Total Common Shares Outstanding	5.31	5.31	5.3	5.27	5.26	5.23
Working Capital	34.73	34.42	20.84	17.31	17.72	13.85
Book Value Per Share	10.75	10.23	7.87	6.49	6.29	6.07
Tangible Book Value	57.04	54.3	41.74	34.16	33.06	31.75
Tangible Book Value Per Share	10.75	10.23	7.87	6.49	6.29	6.07
Land	-	8.85	8.96	8.58	7.25	7.11
Buildings	-	14.11	13.46	10.5	9.54	9.47
Machinery	-	39.76	30.81	27.89	25.4	20.58
Order Backlog	-	53.1	59.5	60.8	52.4	29

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 14, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 30, 2026

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