Smart Sand, Inc. (SND) Financial Statements
Industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels)
In fiscal 2025, Smart Sand reported revenue of $330.2M, up 6.0% from $311.4M the year before. Net income was $1.3M (a 0.4% net margin), or $0.03 per diluted share. Gross margin was 11.5% and operating margin was -1.4%. Operating activities generated $44.1M of cash, leaving $32.5M of free cash flow. At fiscal year end, Smart Sand held $340.0M in total assets against $100.3M in total liabilities, including $22.6M of cash and equivalents.
Open the full interactive Smart Sand financials → Quarterly statements, key ratios, valuation history and price charts.
Smart Sand Key Stats
| Share Price | $5.36 |
|---|---|
| Market Cap | $221.8M |
| P/E Ratio | 178.7 |
| Dividend Yield | 4.51% |
| Revenue YoY Growth | +6.0% |
| 52-Week Range | $1.95 – $5.70 |
| Shares Outstanding | 39.3 million (basic, 2026 Q2) |
Smart Sand Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $122.3M | $126.6M | $255.7M | $296.0M | $311.4M | $330.2M |
| Cost of Goods Sold | $104.2M | $140.4M | — | — | $266.5M | $292.3M |
| Gross Profit | $18.1M | -$15.9M | $29.6M | $41.6M | $44.8M | $37.9M |
| Operating Income | -$13.0M | -$63.5M | -$3.1M | -$1.5M | $3.0M | -$4.5M |
| Pre-Tax Income | $25.0M | -$59.7M | -$3.9M | -$2.3M | $252,000 | -$5.6M |
| Income Tax | -$13.0M | -$9.0M | -$3.2M | -$6.9M | -$2.7M | -$6.9M |
| Net Income | $38.0M | -$50.7M | -$703,000 | $4.6M | $3.0M | $1.3M |
| Diluted EPS | $0.94 | -$1.21 | -$0.02 | $0.12 | $0.08 | $0.03 |
Smart Sand Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $92.8M | $86.0M | $93.1M | $115.0M |
| Net Income | $3.0M | $1.2M | -$3.9M | $10.2M |
| Diluted EPS | $0.08 | $0.03 | -$0.10 | $0.25 |
Smart Sand Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.7M | $25.6M | $5.5M | $6.1M | $1.6M | $22.6M |
| Current Assets | $112.1M | $73.9M | $68.1M | $61.9M | $75.5M | $88.1M |
| Total Assets | $427.7M | $374.0M | $360.0M | $346.3M | $341.5M | $340.0M |
| Current Liabilities | $37.3M | $48.5M | $51.9M | $54.5M | $43.2M | $49.9M |
| Total Long-Term Debt | $29.3M | $22.5M | $16.0M | $19.2M | $12.7M | $13.0M |
| Total Liabilities | $138.9M | $132.9M | $116.5M | $104.0M | $97.7M | $100.3M |
| Shareholders' Equity | $288.8M | $241.2M | $243.5M | $242.3M | $243.8M | $239.7M |
Smart Sand Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $25.5M | $32.4M | $5.4M | $31.0M | $17.9M | $44.1M |
| Cash From Investing | -$8.6M | -$11.1M | -$18.2M | -$22.9M | -$6.9M | -$10.9M |
| Cash From Financing | -$7.9M | -$7.4M | -$7.3M | -$7.5M | -$15.5M | -$12.3M |
| Free Cash Flow | $16.9M | $21.2M | -$7.3M | $8.0M | $10.9M | $32.5M |
| Dividends Paid | — | — | — | — | $3.9M | $5.9M |
Figures from Smart Sand's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Smart Sand financials page for every line item.
Smart Sand Company Profile
| Ticker | SND |
|---|---|
| Exchange | Nasdaq |
| Industry | Mining & Quarrying of Nonmetallic Minerals (No Fuels) |
| Headquarters | Yardley, Pennsylvania |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001529628 |
Frequently Asked Questions
What was Smart Sand's revenue in fiscal 2025?
Smart Sand (SND) reported revenue of $330.2M for fiscal 2025.
What is Smart Sand's annual revenue history?
Smart Sand's annual revenue by fiscal year: 2020: $122.3M; 2021: $126.6M; 2022: $255.7M; 2023: $296.0M; 2024: $311.4M; 2025: $330.2M.
What was Smart Sand's net income in fiscal 2025?
Smart Sand reported net income of $1.3M for fiscal 2025.
What was Smart Sand's earnings per share (EPS) in fiscal 2025?
Smart Sand's diluted EPS was $0.03 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Smart Sand generate in fiscal 2025?
Smart Sand generated $32.5M of free cash flow in fiscal 2025.
What was Smart Sand's revenue last quarter?
In its most recent reported quarter (2026 Q2), Smart Sand reported revenue of $115.0M.
How much debt does Smart Sand have?
Smart Sand reported $13.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Smart Sand are outstanding?
Smart Sand reported a weighted average of 39.3 million basic shares outstanding in 2026 Q2.
What is Smart Sand's market cap?
Based on its latest closing price, Smart Sand (SND) has a market capitalization of about $221.8M.
When does Smart Sand's fiscal year end?
Smart Sand's fiscal year end, as registered with the SEC, is December 31.
Where is Smart Sand headquartered?
Smart Sand lists its business address in Yardley, Pennsylvania in its SEC filings.
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