SMID 8-K SEC Filing Analysis

Latest settled — T+20d

SMID ▼ -3.03% at T+20d

LONG call ✗ call lost -3.03% · α vs SPY -9.07% · entry $31.72 → $30.76

Next anchor: T+60d in 29d

Last close $28.75 (close Jun 8) · -9.36% from $31.72 entry

Entry anchored
Apr 14, 03:56 PM ET
via Databento tick

T+1d

+1.32%

call +1.32% · α +1.07%

$32.14

settled 8w ago

T+5d

+5.86%

call +5.86% · α +4.22%

$33.58

settled 7w ago

T+20d

-3.03%

call -3.03% · α -9.07%

$30.76

settled 29d ago

T+60d

—

call — · α —

—

in 29d

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Executive Summary

Smith-Midland Corporation reported record financial results for 2025, with revenue up 19% to $93.4 million and net income up 63% to $12.5 million, driven by strong demand for infrastructure-related products and improved margins. The company highlighted growth in barrier rentals, Soundwall, and Easi-Set sales.

Key Financial Metrics

Gross Margin

27.9%

Actionable Insight

The substantial beat in both revenue and earnings, combined with strong margin expansion and cash flow growth, suggests accelerating demand in infrastructure-related products. Traders should watch for continued strength in barrier rentals and Easi-Set sales as key growth drivers.

Key Facts

Full-year 2025 revenue increased 19% year-over-year to $93.4 million
Net income surged 63% to $12.5 million, or $2.36 per diluted share
Gross margin improved 240 basis points to 27.9% due to higher revenue absorption and special rental projects
Service revenue (including barrier rentals) grew 37% to $45.2 million
Cash balance increased to $11.9 million from $7.5 million in 2024

Financial Impact

Revenue grew $14.9 million and net income increased $4.8 million year-over-year, with significant margin expansion

revenuenet incomegross marginearnings per sharecash flow

Risk Factors

Backlog decreased to $53.1 million from $59.5 million year-over-year, indicating potential future revenue headwinds
Company guidance notes that 2026 barrier rental revenue may decline due to high 2025 special project base

Market Snapshot

Exchange

Nasdaq

Sector

Concrete Products, Except Block & Brick

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001654954-26-003503
Document: smid_ex991.htm	0001654954-26-003503
Document: 0001654954-26-003503-index-headers.html	0001654954-26-003503
Document: 0001654954-26-003503-index.html	0001654954-26-003503
Document: 0001654954-26-003503.txt	0001654954-26-003503
8-K Data (Synthetic)	0001654954-26-003503

3 reports for SMID

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for SMID — sortable, filterable
	Type				Now
Jun 9, 2026 today	8-K BEARISH ★ 6/10	$31.85 awaiting T+20	awaiting T+20	—	$28.75 (+9.72%)
Apr 14, 2026 8w ago	8-K BULLISH ★ 8/10	$31.72 $30.76	▼ −3.03%	▼ −9.07%	$28.75 (−9.36%)
Mar 24, 2026 11w ago	8-K BULLISH ★ 7/10	$29.65 $33.58	▲ +13.25%	▲ +4.35%	$28.75 (−3.04%)

US Market Status

Market Closed — Opens in 6h 53m

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