{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-26-003503","form_type":"8-K","ticker":"SMID","cik":"0000924719","company_name":"SMITH MIDLAND CORP","filed_at":"2026-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.942662+00:00","generated_at":"2026-05-15T06:31:16.605305+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Smith-Midland reports record FY2025 revenue $93.4M, net income up 63% to $12.5M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-26-003503","json":"https://secwatch.observer/filing/0001654954-26-003503.json","markdown":"https://secwatch.observer/filing/0001654954-26-003503.md","text":"https://secwatch.observer/filing/0001654954-26-003503.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/924719/000165495426003503/0001654954-26-003503-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/924719/000165495426003503/smid_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T06:31:16.605305+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ecf87bf342317e0dc704ec5fa9790537f5192f20","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/924719/000165495426003503/0001654954-26-003503-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the period ended December 31, 2025"},{"label":"Revenue","value":"$93.4 million"},{"label":"Net income","value":"$12.5 million, or $2.36 per diluted share"},{"label":"EPS","value":"$2.36 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}