SND · Smart Sand, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93.11M | - | $92.78M | $85.77M | $65.56M | - | $63.16M | $73.80M | $83.05M | - |
| Cost of Revenue | $87.00M | - | $77.84M | $76.81M | $62.79M | - | $56.67M | $60.73M | $71.24M | - |
| Gross Profit | $6.11M | - | $14.94M | $8.96M | $2.77M | - | $6.49M | $13.07M | $11.81M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $10.71M | - | $9.09M | $9.11M | $9.24M | - | $9.70M | $8.87M | $10.35M | - |
| Total Operating Expenses | $10.98M | - | $9.56M | $9.03M | $9.82M | - | $11.40M | $9.54M | $11.03M | - |
| D&A | $569.0K | - | $589.0K | $604.0K | $619.0K | - | $633.0K | $671.0K | $674.0K | - |
| Operating Income | ($4.87M) | - | $5.37M | ($77.0K) | ($7.05M) | - | ($4.91M) | $3.53M | $784.0K | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($1.17M) | - | $2.08M | ($21.72M) | $16.97M | - | ($5.14M) | $2.33M | $607.0K | - |
| Net Income | ($3.86M) | - | $3.00M | $21.40M | ($24.23M) | - | ($98.0K) | ($430.0K) | ($216.0K) | - |
| EPS - Basic | ($0.10) | - | $0.08 | $0.55 | ($0.62) | - | $0.00 | ($0.01) | ($0.01) | - |
| EPS - Diluted | ($0.10) | - | $0.08 | $0.54 | ($0.62) | - | $0.00 | ($0.01) | ($0.01) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $19.45M | $22.55M | $5.08M | $4.29M | $5.11M | $1.55M | $7.21M | $6.26M | $4.60M | $6.07M |
| Accounts Receivable | $28.40M | $30.52M | $44.19M | $47.18M | $27.97M | $40.98M | $24.16M | $26.23M | $37.70M | $23.23M |
| Inventory | $30.23M | $31.08M | $31.60M | $28.66M | $28.31M | $25.04M | $27.84M | $25.03M | $25.58M | $26.82M |
| Accounts Payable | $12.50M | $9.43M | $9.51M | $15.58M | $12.44M | $16.99M | $10.86M | $9.55M | $9.94M | $16.04M |
| Current Assets | $83.03M | $88.14M | $84.02M | $83.12M | $67.23M | $75.53M | $64.75M | $64.78M | $71.17M | $61.90M |
| Total Assets | $335.67M | $340.01M | $343.07M | $345.85M | $326.91M | $341.55M | $335.81M | $341.81M | $349.26M | $346.30M |
| Current Liabilities | $50.16M | $49.94M | $49.36M | $44.78M | $38.40M | $43.21M | $37.80M | $39.07M | $59.31M | $54.47M |
| Long-term Debt | $9.16M | $8.66M | $8.31M | $17.59M | $8.49M | $9.13M | $9.91M | $9.33M | $2.44M | $3.45M |
| Total Liabilities | $101.55M | $100.32M | $103.20M | $105.35M | $107.00M | $97.74M | $92.26M | $98.95M | $106.73M | $104.03M |
| Stockholders' Equity | $234.12M | $239.70M | $239.87M | $240.50M | $219.91M | $243.81M | $243.55M | $242.87M | $242.53M | $242.27M |
| Retained Earnings | $64.21M | $68.07M | $69.07M | $70.40M | $49.01M | $73.24M | $73.80M | $73.89M | $74.32M | $74.54M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.04M | - | - | - | $8.72M | - | - | - | ($3.86M) | - |
| Investing Cash Flow | ($2.20M) | - | - | - | ($3.54M) | - | - | - | ($1.65M) | - |
| Financing Cash Flow | ($3.94M) | - | - | - | ($1.64M) | - | - | - | $4.03M | - |
| CapEx | $2.20M | - | - | - | $3.54M | - | - | - | $1.65M | - |
| Free Cash Flow | $842.0K | - | - | - | $5.19M | - | - | - | ($5.51M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 6.6% | - | 16.1% | 10.4% | 4.2% | - | 10.3% | 17.7% | 14.2% | - |
| Operating margin | -5.2% | - | 5.8% | -0.1% | -10.8% | - | -7.8% | 4.8% | 0.9% | - |
| EBITDA margin | -4.6% | - | 6.4% | 0.6% | -9.8% | - | -6.8% | 5.7% | 1.8% | - |
| Net margin | -4.1% | - | 3.2% | 24.9% | -37.0% | - | -0.2% | -0.6% | -0.3% | - |
| Free cash flow margin | 0.9% | - | - | - | 7.9% | - | - | - | -6.6% | - |
| FCF / Net income | -0.22 | - | - | - | -0.21 | - | - | - | 25.50 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 11.5% | - | 9.8% | 10.6% | 14.1% | - | 15.4% | 12.0% | 12.5% | - |
| Effective tax rate | - | - | 40.9% | - | - | - | - | 122.6% | 155.2% | - |
| Return on assets | -1.1% | - | 0.9% | 6.2% | -7.4% | - | -0.0% | -0.1% | -0.1% | - |
| Return on equity | -1.6% | - | 1.3% | 8.9% | -11.0% | - | -0.0% | -0.2% | -0.1% | - |
| Return on invested capital | -1.6% | - | 1.3% | -0.0% | -2.4% | - | -1.5% | 0.7% | 0.2% | - |
| Liquidity | ||||||||||
| Current ratio | 1.66 | 1.76 | 1.70 | 1.86 | 1.75 | 1.75 | 1.71 | 1.66 | 1.20 | 1.14 |
| Quick ratio | 1.05 | 1.14 | 1.06 | 1.22 | 1.01 | 1.17 | 0.98 | 1.02 | 0.77 | 0.64 |
| Cash ratio | 0.39 | 0.45 | 0.10 | 0.10 | 0.13 | 0.04 | 0.19 | 0.16 | 0.08 | 0.11 |
| Leverage | ||||||||||
| Debt / Equity | 0.04 | 0.04 | 0.03 | 0.07 | 0.04 | 0.04 | 0.04 | 0.04 | 0.01 | 0.01 |
| Debt / Assets | 0.03 | 0.03 | 0.02 | 0.05 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 |
| Debt / EBITDA | - | - | 1.39 | 33.39 | - | - | - | 2.22 | 1.68 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.43 | 1.42 | 1.43 | 1.44 | 1.49 | 1.40 | 1.38 | 1.41 | 1.44 | 1.43 |
| Liabilities / Assets | 0.30 | 0.30 | 0.30 | 0.30 | 0.33 | 0.29 | 0.27 | 0.29 | 0.31 | 0.30 |
| Efficiency | ||||||||||
| Asset turnover | 0.28 | - | 0.27 | 0.25 | 0.20 | - | 0.19 | 0.22 | 0.24 | - |
| Inventory turnover | 2.88 | - | 2.46 | 2.68 | 2.22 | - | 2.04 | 2.43 | 2.78 | - |
| Days sales outstanding | 111d | - | 174d | 201d | 156d | - | 140d | 130d | 166d | - |
| Days inventory outstanding | 127d | - | 148d | 136d | 165d | - | 179d | 150d | 131d | - |
| Days payable outstanding | 52d | - | 45d | 74d | 72d | - | 70d | 57d | 51d | - |
| Cash conversion cycle | 186d | - | 277d | 263d | 248d | - | 249d | 223d | 246d | - |
| Valuation | ||||||||||
| P / E | - | - | 26.8x | 3.7x | - | - | - | - | - | - |
| P / B | 0.9x | - | 0.3x | 0.3x | 0.5x | - | 0.3x | 0.3x | 0.3x | - |
| P / S | 2.2x | - | 0.9x | 0.9x | 1.6x | - | 1.2x | 1.1x | 0.9x | - |
| EV / EBITDA | - | - | 14.5x | 175.4x | - | - | - | 20.2x | 49.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 42.0% | - | 46.9% | 16.2% | -21.1% | - | -17.9% | -1.3% | 0.9% | - |
| Revenue CAGR (3y) | 4.2% | - | 9.0% | 7.7% | 16.4% | - | 22.4% | 35.5% | 44.6% | - |
| Revenue CAGR (5y) | 27.7% | - | 31.7% | 26.9% | 6.7% | - | -0.8% | 1.7% | 9.9% | - |
| Gross profit growth (YoY) | 120.3% | - | 130.2% | -31.5% | -76.5% | - | -54.9% | 3.0% | 1.5% | - |
| Operating income growth (YoY) | 30.9% | - | - | - | - | - | - | 14.4% | - | - |
| Net income growth (YoY) | 84.1% | - | - | - | -11118.1% | - | - | - | 94.0% | - |
| EPS growth (YoY) | 83.9% | - | - | - | -6100.0% | - | - | - | 88.9% | - |
| EPS CAGR (3y) | - | - | 10.1% | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | -38.5% | 35.1% | - | - | - | - | - | - |
| FCF growth (YoY) | -83.8% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | -13.1% | - | - | - | -8.0% | - | - | - | - | - |
| Book value growth (YoY) | 6.5% | -1.7% | -1.5% | -1.0% | -9.3% | 0.6% | -1.1% | 1.7% | 4.6% | -0.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$330.15M totalSand Segment$325.76M · 98.7%
Smart Systems Segment$4.39M · 1.3%
Product / service
$330.15M totalSand$325.76M · 98.7%
Smart Systems$4.39M · 1.3%
Geographic
$330.15M totalUS$298.25M · 90.3%
CA$31.90M · 9.7%
Peer comparison
Same SIC group: Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Comparing Smart Sand against the 5 most active filers in the same SIC group.
Dividends
$0.25/share trailing 12 months · +150.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 22, 2026 | $0.1000 |
| Dec 2, 2025 | $0.0500 |
| Aug 4, 2025 | $0.1000 |
| Oct 15, 2024 | $0.1000 |