Short answer
SMITH MIDLAND CORP (SMID) filed its Q1 2026 10-Q quarterly report on Jun 10, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $22M (down 5.0% year over year) with net income of $1M.
Q1 2026 key financials · XBRL
- Revenue
- $22M
- −5.0% YoY
- Net income
- $1M
- −59.8% YoY
- Operating margin
- 8.0%
- Gross margin
- 19.9%
- EPS (diluted)
- $0.25
- −59.7% YoY
Source: XBRL data from the SMITH MIDLAND CORP (SMID) Q1 2026 10-Q on SEC EDGAR. USD.
SMITH MIDLAND CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- No material 10-Q risk-factor changes identifiable; provided text omits the Risk Factors section
- Customer concentration risk, with two customers representing 16% and 10% of first-quarter revenue
- Receivables concentration risk, with two customers each exceeding 10% of outstanding receivables
- Covenant risk, requiring tangible net worth of $25,000 under bank loan agreements
- Debt maturity risk, including $655 current maturities and a March 27, 2030 loan maturity
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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