SMITH MIDLAND CORP
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $93.4M | $78.5M | $59.6M | $50.1M | $50.6M |
| Gross profit | $26.0M | $20.0M | $10.7M | $9.5M | $14.4M |
| Operating income | $17.0M | $9.9M | $1.1M | $854,000 | $6.2M |
| Operating expenses | $9.0M | $10.1M | $9.5M | $8.6M | $8.3M |
| Cost of revenue | $67.4M | $58.5M | $48.9M | $40.7M | $36.2M |
| Cash from operations | $14.3M | $5.2M | $7.7M | -$6.3M | $9.1M |
| Capital expenditure | $9.3M | $6.2M | $5.0M | $2.7M | $5.4M |
| Free cash flow | $5.0M | -$1.0M | $2.7M | -$9.1M | $3.8M |
| Total assets | $87.7M | $68.0M | $61.3M | $54.3M | $53.3M |
| Total liabilities | $33.4M | $26.3M | $27.2M | $21.3M | $21.5M |
Shares outstanding 5.3M · Free float 86.1%
Annual filing data through FY ended December 31, 2025; float as of July 3, 2026.