Smith-Midland reports record FY2025 revenue $93.4M, net income up 63% to $12.5M

SMITH MIDLAND CORP

Q4 revenue $23.1M (+25% YoY); net income $2.1M ($0.40 EPS) vs $1.4M ($0.26 EPS).
Full-year product sales $48.3M, service revenue $45.2M; gross margin 27.9% (+240 bps).
Soundwall sales $14.6M, Easi-Set $11.5M, SlenderWall $3.6M (new).
Barrier rental revenue surged to $19.7M from $12.0M; backlog $53.1M.
Cash $11.9M, debt $4.4M at year-end; capex $9.2M vs $6.2M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SMITH MIDLAND CORP reported the period ended December 31, 2025 results: revenue $93.4 million, net income $12.5 million, or $2.36 per diluted share, EPS $2.36 per diluted share.

Period: the period ended December 31, 2025
Revenue: $93.4 million
Net income: $12.5 million, or $2.36 per diluted share
EPS: $2.36 per diluted share
Result: reported results

Exact text from the filing

compared to $1.9 million · Net income of $2.1 million, or $0.40 per diluted share, compared to $1.4 million and $0.26 Full Year 2025 Summary · Revenue increased 19 percent to $93.4 million · Shipping and installation revenue increased 21 percent · Gross margin increased by 240 basis points to 27.9 percent · Net income of $12.5 million, or $2.36 per diluted share

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Source: SEC EDGAR

accession 0001654954-26-003503

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