Short answer
SMITH MIDLAND CORP (SMID) filed its Q2 2026 10-Q quarterly report on Aug 14, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $23M (down 10.8% year over year) with net income of $1M.
Q2 2026 key financials · XBRL
- Revenue
- $23M
- −10.8% YoY · +8.3% QoQ
- Net income
- $1M
- +141.6% YoY · +3.1% QoQ
- Operating margin
- 8.5%
- Gross margin
- 23.2%
- EPS (diluted)
- $0.26
- −67.1% YoY · +4.0% QoQ
Source: XBRL data from the SMITH MIDLAND CORP (SMID) Q2 2026 10-Q on SEC EDGAR. USD.
SMITH MIDLAND CORP Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- No material changes indicated; filing provides no updated Risk Factors section versus the December 31, 2025 10-K
- Customer concentration: one customer represented 10% of six-month revenue and 17% of receivables at June 30, 2026
- Credit risk: allowance for expected credit losses totaled $871 thousand at June 30, 2026
- Revenue risk: barrier-rental revenue fell to $5,413 thousand from $14,205 thousand year-to-date
- Liquidity risk: cash declined to $10,663 thousand while notes payable totaled $4,136 thousand
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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