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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 17,298 $ 19,777
Real estate inventory 266,553 213,104
Deposits on real estate under option or contract 66,253 57,096
Real estate not owned 13,635 16,815
Property and equipment, net 3,351 1,543
Goodwill 25,726 25,726
Deferred tax asset, net 10,934 0
Other assets 25,504 18,631
Total assets 429,254 352,692
Liabilities:    
Accounts payable 21,458 17,318
Customer deposits 9,543 7,168
Notes payable 3,859 75,627
Liabilities related to real estate not owned 13,635 16,815
Accrued expenses and other liabilities 25,799 26,861
Tax Receivable Agreement liability 10,401 0
Total liabilities 84,695 143,789
Commitments and contingencies (Note 9)
Members' equity:    
Members' equity 0 208,903
Stockholders' equity:    
Preferred stock, $0.0001 par value - 10,000,000 shares authorized; none issued and outstanding as of June 30, 2024 0 0
Additional paid-in capital 55,776 0
Retained earnings 6,321 0
Total stockholders' equity attributable to Smith Douglas Homes Corp. 62,102 0
Non-controlling interests attributable to Smith Douglas Holdings LLC 282,457 0
Total stockholders' equity 344,559  
Total liabilities and stockholders'/members' equity 429,254 352,692
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 1 0
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock 4 0
Class A Units [Member]    
Members' equity:    
Members' equity 0 206,303
Class C Units [Member]    
Members' equity:    
Members' equity 0 2,000
Class D Units [Member]    
Members' equity:    
Members' equity $ 0 $ 600