On this page of Benford's Law Stocks.com we present our study of SMITH MIDLAND CORP — ticker symbol SMID. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/30/2021 to 5/27/2025 for SMITH MIDLAND CORP under CIK number 0000924719. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for SMID, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for SMITH MIDLAND CORP based on the past SMID filings our system processed in the past.
Benford Chart for SMID 10K Filed 5/27/2025
26.6
18.1
11.3
11.9
11.1
7.7
7.7
3.0
2.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, SMID stockholder letter ]
Total numbers found: 470
Recent share count: 5,304,606 (5's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
470
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 5 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for SMID = 83
83

Starting from a possible score of 100, we made the following score deductions:
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the company's typical historical range.
 • We deducted points upon observing the 5's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 6's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 7's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 8's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 8's percentage was below the company's typical historical range.
 • We deducted point upon observing the 9's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 9's percentage was below the company's typical historical range.
SMID's Score Vs. Typical Stock
Benford's Law Stocks Indicator
SMID
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
Other Stocks Ranking Near SMID
RILY
ROKU
STOK
TMDX
 RIOT
SLRX
SSTI
SVC
Check our work! We provide our SMITH MIDLAND CORP Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the SMID filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 125 numbers that start with the digit 1. Here they are:
1000000
1,130
19,420
17,209
1,327
1,266
1,770
1,203
1,539
1,539
15,010
16,018
1,651
1,000,000
102
102
12,019
17,604
11,869
10,652
10,111
1,118
19
1,323
1.45
15
102
1
102
142
142
102
19
142
13
19
1,157
1,010
1,541
1,351
1,520
1,067
1,239
1,627
189
173
108
10
16,695
13,685
13,702
1,327
1,539
1,887
1,523
1,310
1,130
1,130
1,247
11,825
1,131
12,019
17,604
11,869
14
10
10
13,461
10,503
18,681
16,240
12,125
11,645
19,287
13
16
1,166
1,382
18
1,536
1,792
1.1
13
1,500
1,626
1,016
1,644
192
141
159
175
1.8
1
101
1.0
18.2
14
1
1.5
195
1,509
135
16
11
151
112
188
15
15
11
1,651
12.07
11.72
1,000
11.72
1,000
1,000
19.15
175
19
14
1.45
15
1.45
15
We found 85 numbers that start with the digit 2. Here they are:
2,078
2,329
2,821
23
27,680
2,717
21
2,779
2
26,252
27,187
26,395
2,633
20,010
231
255
24
205
2,143
25,664
26,395
2,664
2,399
2,536
290
23
2,724
2,042
2,449
223
255
2,256
2,049
2,779
2,779
2,626
2,685
2,685
2,530
2,067
2,857
2,820
2,633
20,832
21,520
27,680
2,664
2,399
21
21
22
2,379
2,525
22
27
22
29
25,000
2,660
275
2,143
2,074
21.0
278
21.0
2.4
2
240
20
2,143
21.7
224
213
278
2,588
27
209
2,284
299
27
284
248
2,000
25
221
We found 53 numbers that start with the digit 3. Here they are:
35,849
33,325
31,704
343
34,070
34,161
38,748
3,261
3,557
3,544
346
33,055
374
375
34,161
3,840
34,070
346
325
39
375
3,022
32
3,395
327
346
308
3,882
38,748
3,261
32,884
373
31,704
3.64
3.99
3.50
336
359
3.6
32
3,420
389
3,371
3,422
3,914
3,935
37,205
38,205
3,840
3,840
37.12
375
34
4's 5's 6's
We found 56 numbers that start with the digit 4. Here they are:
40920
42278
4,599
438
4,741
429
4,313
473
43
4,424
4,436
494
40,920
41,739
45,624
48,928
47
40,920
4,410
40,920
45
45
40,920
41,739
45
434
464
478
401
415
4,664
426
429
4,453
467
4,456
4,456
4
4,205
4,712
45,624
490
46,967
4.09
4.99
4,436
467
495
499
40.0
494
4
400,000
40,278
42,278
45
We found 52 numbers that start with the digit 5. Here they are:
5,304,606
525
5,092
5,346,526
5,349,599
5,304,606
5,308,679
54
54
59,580
58,498
5,990
528
5,345,189
53
5,349,599
54
5,346,526
54
566
5,158
5,010
53
525
525
5,312
5,104
59,580
53,224
5,000
50
5,000
5,094
5,728
5,092
52
50
5,000
5,094
528
528
5,490
5,061
50
579
5,000
5,289
5,258
5,289
5,258
5,289
5,292
We found 36 numbers that start with the digit 6. Here they are:
67,991
61,348
658
636
6,222
67,991
61,348
6,330
6,554
64
64
678
6,203
6,150
635
619
635
619
6,726
600
679
6,082
6
6,418
6,666
6,191
6,330
658
636
60
658
671
699
640
6
679
7's 8's 9's
We found 36 numbers that start with the digit 7. Here they are:
77,253,882
7,548
7,336
7,717
7,814
78,508
7,675
795
7,440
795
795
7,814
767
7,675
7,675
7,717
7,675
795
7,732
7,548
737
791
7,671
7,827
7,751
78,508
727
713
72
70
767
767
7,675
795
7,675
795
We found 14 numbers that start with the digit 8. Here they are:
8000000
806
854
831
8,000,000
84
81
802
866
806
806
8,957
8,579
89,303
We found 13 numbers that start with the digit 9. Here they are:
9,175
90
9,534
9,899
90
9,818
9,175
9,175
990
910
932
99
9
While the above SMID 10K Filed 5/27/2025 is interesting in isolation, we have found that it is also useful to take a look at older SMITH MIDLAND CORP filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10K Filed 5/27/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical SMID 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10K Filed 5/27/2025
26.6
18.1
11.3
11.9
11.1
7.7
7.7
3.0
2.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL? ✓  [ original filing ]
Total numbers found: 470

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10Q Filed 6/11/2024
27.1
18.0
9.5
8.8
14.1
7.5
3.9
8.8
2.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 54
XBRL? ✓  [ original filing ]
Total numbers found: 306

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10Q Filed 10/11/2023
30.5
16.8
8.7
5.8
14.1
7.5
8.5
3.7
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 66
XBRL? ✓  [ original filing ]
Total numbers found: 482

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10Q Filed 11/3/2022
28.2
19.2
9.3
9.3
14.8
4.7
5.2
5.4
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL? ✓  [ original filing ]
Total numbers found: 515

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10K Filed 3/31/2022
24.7
22.2
10.0
11.3
11.5
5.2
6.9
5.6
2.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL? ✓  [ original filing ]
Total numbers found: 478

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10Q Filed 11/14/2024
27.0
14.5
10.6
9.6
17.2
5.7
6.2
5.3
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL? ✓  [ original filing ]
Total numbers found: 470

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10K Filed 5/23/2024
23.9
21.0
9.7
8.6
12.6
7.8
7.6
4.4
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL? ✓  [ original filing ]
Total numbers found: 476

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10Q Filed 5/15/2023
26.5
18.5
9.8
9.5
14.2
6.2
5.8
5.8
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 325

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10Q Filed 8/11/2022
32.4
14.8
10.2
8.4
12.9
7.3
5.6
3.8
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL? ✓  [ original filing ]
Total numbers found: 479

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10K Filed 3/30/2021
32.9
18.5
13.4
10.9
9.4
3.9
4.2
4.1
2.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL? ❌  [ original filing ]
Total numbers found: 1,035

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10Q Filed 8/14/2024
27.8
15.6
12.7
7.0
15.4
5.0
7.5
5.9
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL? ✓  [ original filing ]
Total numbers found: 442

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10Q Filed 11/9/2023
27.9
17.6
10.5
7.5
16.4
4.3
7.9
4.3
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL? ✓  [ original filing ]
Total numbers found: 506

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10K Filed 4/17/2023
24.1
21.5
8.3
10.3
12.7
7.7
7.2
4.2
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL? ✓  [ original filing ]
Total numbers found: 456

■ = Typical SMID range from 3/30/2021 to 5/27/2025
10Q Filed 5/12/2022
27.7
15.7
10.5
15.4
15.4
4.6
4.0
3.1
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 55
XBRL? ✓  [ original filing ]
Total numbers found: 325

■ = Typical SMID range from 3/30/2021 to 5/27/2025
IHT 10Q Filed 6/20/2025:
80
AIMAU 10Q Filed 6/20/2025:
57
LVPA 10Q Filed 6/20/2025:
0
RMCF 10K Filed 6/20/2025:
65
CYAN 10K Filed 6/20/2025:
63
XAIR 10K Filed 6/20/2025:
91
ACN 10Q Filed 6/20/2025:
91
MDT 10K Filed 6/20/2025:
94
SWBI 10K Filed 6/20/2025:
97
MODD 10K Filed 6/20/2025:
98
ORCL 10K Filed 6/18/2025:
96
SJM 10K Filed 6/18/2025:
98
GSIT 10K Filed 6/18/2025:
84
GMS 10K Filed 6/18/2025:
87
VNCE 10Q Filed 6/17/2025:
54
KIRK 10Q Filed 6/17/2025:
46
VTGN 10K Filed 6/17/2025:
63
LZB 10K Filed 6/17/2025:
80
SNOA 10K Filed 6/17/2025:
81
POWW 10K Filed 6/16/2025:
89
GDST 10K Filed 6/16/2025:
74
BCTX 10Q Filed 6/16/2025:
94
PURE 10Q Filed 6/16/2025:
77
RFIL 10Q Filed 6/16/2025:
97
STRM 10Q Filed 6/16/2025:
86
ZEO 10Q Filed 6/16/2025:
89
NMEX 10Q Filed 6/16/2025:
32
APPS 10K Filed 6/16/2025:
94
NOBH 10Q Filed 6/16/2025:
64
GLAI 10K Filed 6/16/2025:
51
CODA 10Q Filed 6/16/2025:
87
VGES 10Q Filed 6/16/2025:
65
NVAC 10Q Filed 6/13/2025:
78
ODYY 10Q Filed 6/13/2025:
36
COPR 10Q Filed 6/13/2025:
82
HFUS 10Q Filed 6/13/2025:
35
ZDGE 10Q Filed 6/13/2025:
87
AZO 10Q Filed 6/13/2025:
90
HMMR 10Q Filed 6/13/2025:
40
CLEV 10Q Filed 6/13/2025:
39
 

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