Private company

Harbor Custom Development, Inc.

Operative builders company. Summary from the record

Last updated Oct 19, 2026.

Overview

  • IndustryOperative Builders1
  • HeadquartersGig Harbor, Washington1
  • Business address11505 Burnham Dr. Nw, Suite 301, Gig Harbor, Wa 983322
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2

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15% of total revenue, and home selling prices ranged from $1.0 million to $1.6 million.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-86.8%Gross margin4
-103.3%Operating margin4
-115.8%Net margin4
6.9%Revenue growth, 20234
-809.4%Return on equity4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue94¢$110.7M
  • Interest2¢$2.6M
  • Income tax4¢$4.6M

Out of $59.3M in revenue.4 The company lost money this year.

Financial statements

Revenue5674$59.3M in 2023+91% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $31.0M$31.0M20192020: $50.4M$50.4M2020+63%2021: $72.4M$72.4M2021+44%2022: $55.4M$55.4M2022−23%2023: $59.3M$59.3M2023+7%
Gross profit5674-$51.4M in 2023
-$60.0M-$40.0M-$20.0M0$20.0M$40.0M2019: $3.3M$3.3M20192020: $2.0M$2.0M2020−39%2021: $21.9M$21.9M2021+995%2022: -$452.5K-$452.5K20222023: -$51.4M-$51.4M2023+11267%
Operating income5674-$61.2M in 2023+38530% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2019: -$158.4K-$158.4K20192020: -$3.5M-$3.5M2020+2104%2021: $10.8M$10.8M20212022: -$16.7M-$16.7M20222023: -$61.2M-$61.2M2023+267%
Net income574-$68.6M in 2023
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2019: $235.6K$235.6K20192020: -$3.5M-$3.5M20202021: $8.9M$8.9M20212022: -$16.9M-$16.9M20222023: -$68.6M-$68.6M2023+305%
Fiscal year201820192020202120222023
Revenue$31.0M5$50.4M6$72.4M7$55.4M4$59.3M4
Cost of revenue$27.6M5$48.4M6$50.4M7$55.9M4$110.7M4
Gross profit$3.3M5$2.0M6$21.9M7-$452.5K4-$51.4M4
Operating expenses$11.2M7$16.2M4$9.8M4
Operating income-$158.4K5-$3.5M6$10.8M7-$16.7M4-$61.2M4
Interest$358.3K5$382.9K6$249.3K7$1.8M4$2.6M4
Income before tax$10.6M7-$21.4M4-$64.0M4
Income tax-$634.6K5$116.8K6$1.8M7-$4.5M4$4.6M4
Net income$235.6K5-$3.5M5$8.9M7-$16.9M4-$68.6M4
Earnings per share$0.075-$0.846$8.567-$35.294-$39.194
Earnings per share (diluted)$0.075-$0.846$8.137-$35.294-$39.194
Shares (weighted, basic)716.8K shares7699.5K shares41.9M shares4
Shares (weighted, diluted)1.1M shares7699.5K shares41.9M shares4

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Leadership

Who has led Harbor Custom Development, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Sterling Griffin2020–2023

President

  1. Sterling Griffin2020–2023

Chief financial officer

  1. Richard Schmidtke2020
  2. Lynda Meadows2021
  3. Lance Brown2021–2023

Chief operating officer

  1. Jeffrey Habersetzer2021–2023
2025
Board members and other officers (13)

Timeline

  1. Aug 28, 2020New chief executive Sterling Griffin becomes CEO11

Filings

191 filings to the SEC since October 2021: 5 annual reports, 8 quarterly reports, 66 major events, 42 insider forms, 11 large holders, 59 other. The latest 20:

  1. May 8, 202415-12G EDGAR
  2. Apr 26, 2024EFFECT EDGAR
  3. Apr 26, 2024EFFECT EDGAR
  4. Apr 26, 2024EFFECT EDGAR
  5. Apr 26, 2024EFFECT EDGAR
  6. Apr 26, 2024EFFECT EDGAR
  7. Apr 26, 2024EFFECT EDGAR
  8. Apr 26, 2024EFFECT EDGAR
  9. Apr 26, 2024EFFECT EDGAR
  10. Apr 22, 2024POS AM EDGAR
  11. Apr 22, 2024RW EDGAR
  12. Apr 22, 2024POS AM EDGAR
  13. Apr 22, 2024POS AM EDGAR
  14. Apr 22, 2024POS AM EDGAR
  15. Apr 22, 2024POS AM EDGAR
  16. Apr 22, 2024POS AM EDGAR
  17. Apr 22, 2024POS AM EDGAR
  18. Apr 22, 2024POS AM EDGAR
  19. Apr 22, 2024S-8 POS EDGAR
  20. Apr 22, 2024S-8 POS EDGAR

The 191 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

17 open-market trades by officers, directors and large owners since October 2021: 17 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 15, 2022Walker Walter FrederickDirectorBuy1,000$15.02$15.0KForm 4
Jun 14, 2022Walker Walter FrederickDirectorBuy6,000$1.67$10.0KForm 4
Jun 13, 2022Walker Walter FrederickDirectorBuy3,800$15.26$58.0KForm 4
May 26, 2022Walker Walter FrederickDirectorBuy7,100$1.86$13.2KForm 4
May 25, 2022Walker Walter FrederickDirectorBuy4,700$8.21$38.6KForm 4
May 24, 2022Walker Walter FrederickDirectorBuy8,700$3.34$29.1KForm 4
Dec 8, 2021Schmidtke RichardDirectorBuy3,500$3.13$11.0KForm 4
Dec 3, 2021Walker Walter FrederickDirectorBuy9,700$2.78$27.0KForm 4
Nov 22, 2021Corr Chris JohnDirectorBuy9,960$2.51$25.0KForm 4
Nov 22, 2021Wong Dennis AndrewDirectorBuy2,000$2.40$4.8KForm 4
Nov 18, 2021Wong Dennis AndrewDirectorBuy2,500$2.28$5.7KForm 4
Nov 18, 2021Schmidtke RichardDirectorBuy8,500$2.29$19.5KForm 4
Nov 18, 2021Habersetzer JeffreyCOO/SecretaryBuy3,450$2.32$8.0KForm 4
Nov 18, 2021Walker Walter FrederickDirectorBuy13,800$2.25$31.1KForm 4
Nov 17, 2021Wong Dennis AndrewDirectorBuy5,000$2.21$11.1KForm 4
Nov 17, 2021Brown LanceChief Financial OfficerBuy22,303$2.23$49.7KForm 4
Nov 17, 2021Walker Walter FrederickDirectorBuy10,100$2.32$23.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

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