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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 32,778 $ 19,777
Real estate inventory 234,080 213,104
Deposits on real estate under option or contract 64,770 57,096
Real estate not owned 13,617 16,815
Property and equipment, net 1,634 1,543
Goodwill 25,726 25,726
Deferred tax asset, net 13,054 0
Other assets 15,591 18,631
Total assets 401,250 352,692
Liabilities:    
Accounts payable 11,510 17,318
Customer deposits 8,989 7,168
Notes payable 4,247 75,627
Liabilities related to real estate not owned 13,617 16,815
Accrued expenses and other liabilities 19,371 26,861
Tax Receivable Agreement liability 10,401 0
Total liabilities 68,135 143,789
Commitments and contingencies (Note 15)
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 March 31, 2024 0 0
Additional paid-in capital 56,746 0
Retained earnings 2,972 0
Total stockholders' equity attributable to Smith Douglas Homes Corp. 59,723 0
Non-controlling interests attributable to Smith Douglas Holdings LLC 273,392 0
Total stockholders' equity 333,115  
Total liabilities and stockholders'/members' equity 401,250 352,692
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