SMITH MIDLAND CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that SMITH MIDLAND CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $93.45M | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | $78.51M | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | $59.58M | May 27, 2025 |
| FY2023 | Dec 31, 2022 | $50.13M | May 23, 2024 |
| FY2022 | Dec 31, 2021 | $50.64M | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | $43.86M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $46.69M | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | $40.22M | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | $41.72M | Mar 26, 2019 |
Revenue (Net Sales)
Net sales revenue — gross revenue less returns, allowances, and discounts. Used by many manufacturers and retailers as the primary top-line figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $41.72M | Mar 29, 2018 |
| FY2017 | Dec 31, 2016 | $40.05M | Mar 29, 2018 |
| FY2016 | Dec 31, 2015 | $29.20M | Mar 30, 2017 |
| FY2015 | Dec 31, 2014 | $22.47M | Mar 28, 2016 |
| FY2014 | Dec 31, 2013 | $27.71M | Mar 31, 2015 |
| FY2013 | Dec 31, 2012 | $24.89M | Mar 27, 2014 |
| FY2012 | Dec 31, 2011 | $26.70M | Apr 1, 2013 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $26.04M | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | $20.01M | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | $10.65M | May 27, 2025 |
| FY2023 | Dec 31, 2022 | $9.47M | May 23, 2024 |
| FY2022 | Dec 31, 2021 | $14.42M | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | $11.04M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $9.97M | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | $10.49M | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | $11.46M | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | $10.35M | Mar 29, 2018 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $12.51M | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | $7.68M | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | $795.0K | May 27, 2025 |
| FY2023 | Dec 31, 2022 | $800.0K | May 23, 2024 |
| FY2022 | Dec 31, 2021 | $7.57M | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | $2.67M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $1.95M | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | $1.69M | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | $2.68M | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | $2.84M | Mar 29, 2018 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $16.99M | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | $9.90M | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | $1.12M | May 27, 2025 |
| FY2023 | Dec 31, 2022 | $854.0K | May 23, 2024 |
| FY2022 | Dec 31, 2021 | $6.17M | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | $3.76M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $2.55M | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | $2.22M | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | $3.72M | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | $4.34M | Mar 29, 2018 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $14.30M | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | $5.16M | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | $7.73M | May 27, 2025 |
| FY2023 | Dec 31, 2022 | ($6.33M) | May 23, 2024 |
| FY2022 | Dec 31, 2021 | $9.13M | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | $7.49M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $3.93M | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | $8.47M | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | $2.93M | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | $4.00M | Mar 29, 2018 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $9.34M | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | $6.20M | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | $5.01M | May 27, 2025 |
| FY2023 | Dec 31, 2022 | $2.75M | May 23, 2024 |
| FY2022 | Dec 31, 2021 | $5.37M | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | $2.63M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $4.51M | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | $5.23M | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | $2.74M | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | $3.75M | Mar 29, 2018 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $87.73M | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | $67.99M | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | $61.35M | May 27, 2025 |
| FY2023 | Dec 31, 2022 | $54.31M | May 23, 2024 |
| FY2022 | Dec 31, 2021 | $53.28M | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | $46.50M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $42.12M | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | $41.37M | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | $29.23M | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | $23.41M | Mar 29, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $33.43M | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | $26.25M | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | $27.19M | May 27, 2025 |
| FY2023 | Dec 31, 2022 | $21.26M | May 23, 2024 |
| FY2022 | Dec 31, 2021 | $21.53M | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | $22.85M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $21.29M | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | $22.52M | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | $12.02M | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | $9.17M | Mar 29, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $54.30M | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | $41.74M | Apr 14, 2026 |
| FY2025 | Dec 31, 2023 | $34.16M | Apr 14, 2026 |
| FY2024 | Dec 31, 2022 | $33.06M | May 27, 2025 |
| FY2023 | Dec 31, 2021 | $31.75M | May 23, 2024 |
| FY2022 | Dec 31, 2020 | $23.65M | Apr 17, 2023 |
| FY2021 | Dec 31, 2019 | $20.82M | Mar 31, 2022 |
| FY2020 | Dec 31, 2018 | $18.88M | Mar 30, 2021 |
| FY2019 | Dec 31, 2017 | $17.21M | Mar 26, 2020 |
| FY2018 | Dec 31, 2016 | $14.24M | Mar 26, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $46.58M | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | $34.07M | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | $26.40M | May 27, 2025 |
| FY2023 | Dec 31, 2022 | $25.66M | May 23, 2024 |
| FY2022 | Dec 31, 2021 | $24.86M | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | $17.29M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $14.63M | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | $12.96M | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | $11.56M | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | $9.13M | Mar 29, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $3.39M | Mar 29, 2018 |
| FY2017 | Dec 31, 2016 | $3.52M | Mar 29, 2018 |
| FY2016 | Dec 31, 2015 | $1.74M | Mar 30, 2017 |
| FY2017 | Dec 31, 2014 | $1.74M | Mar 29, 2018 |
| FY2015 | Dec 31, 2013 | $3.14M | Mar 28, 2016 |
| FY2014 | Dec 31, 2012 | $4.37M | Mar 31, 2015 |
| FY2013 | Dec 31, 2011 | $2.13M | Mar 27, 2014 |
| FY2012 | Dec 31, 2010 | $2.57M | Apr 1, 2013 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2 | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | 0 | May 27, 2025 |
| FY2023 | Dec 31, 2022 | 0 | May 23, 2024 |
| FY2022 | Dec 31, 2021 | 1 | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | 0 | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | 0 | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | 0 | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | 0 | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | 0 | Mar 29, 2018 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2 | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | 0 | May 27, 2025 |
| FY2023 | Dec 31, 2022 | 0 | May 23, 2024 |
| FY2022 | Dec 31, 2021 | 1 | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | 0 | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | 0 | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | 0 | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | 0 | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | 0 | Mar 29, 2018 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 5.31M | Apr 14, 2026 |
| FY2025 | Dec 31, 2024 | 5.30M | Apr 14, 2026 |
| FY2024 | Dec 31, 2023 | 5.31M | May 27, 2025 |
| FY2023 | Dec 31, 2022 | 5.30M | May 23, 2024 |
| FY2022 | Dec 31, 2021 | 5.23M | Apr 17, 2023 |
| FY2021 | Dec 31, 2020 | 5.20M | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | 5.16M | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | 5.11M | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | 5.05M | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | 4.88M | Mar 29, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2021 | Dec 31, 2021 | $0 | Mar 31, 2022 |
| FY2021 | Dec 31, 2020 | $282.0K | Mar 31, 2022 |
| FY2020 | Dec 31, 2019 | $281.0K | Mar 30, 2021 |
| FY2019 | Dec 31, 2018 | $256.0K | Mar 26, 2020 |
| FY2018 | Dec 31, 2017 | $49.0K | Mar 26, 2019 |
| FY2017 | Dec 31, 2016 | $0 | Mar 29, 2018 |
| FY2016 | Dec 31, 2015 | $194.3K | Mar 30, 2017 |
| FY2015 | Dec 31, 2014 | $174.2K | Mar 28, 2016 |
| FY2014 | Dec 31, 2013 | $144.5K | Mar 31, 2015 |
| FY2013 | Dec 31, 2012 | $240.6K | Mar 27, 2014 |