Smart Sand, Inc. SND

Basic materials SIC 1400 - Mining & Quarrying of Nonmetallic Minerals (No Fuels) NAICS Mining, Quarrying, and Oil and Gas Extraction › Mining (except Oil and Gas) › Nonmetallic Mineral Mining and Quarrying derived Nasdaq

We are a fully integrated frac and industrial sand supply and services company. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. We produce low-cost, high quality Northern White sand, which is a premium sand used as a proppant to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells and for a variety of industrial applications. We also offer proppant logistics solutions to our customers through our in-basin transloading terminals and our SmartSystemsTM wellsite proppant storage capabilities. In recent years, we have expanded our product line to offer Industrial Products Solutions ("IPS") in order to diversify our customer base and markets we serve by offering sand for industrial uses.

Last close 4.76 2026-10-23
Market cap $201.8M 2026-06-30 share count
52-week range 2.08 - 5.92

Valuation FY2025 figures against the last close

P/S0.6x
P/E158.7x
P/FCF6.2x
EV/EBITDA7.8x
Dividend yield2.9%
Diluted EPS0.03

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $330.2M$311.4M$296.0M$255.7M$126.6M$122.3M$233.1M$212.5M$137.2M$59.0K
Cost of revenue $292.3M$266.5M$254.4M$226.1M$140.4M$104.2M$152.0M$143.1M$100.3M$26.6M
Gross profit $37.9M$44.8M$41.6M$29.6M-$15.9M$18.1M$81.1M$69.4M$36.9M$32.7M
SG&A $40.5M$38.2M$38.7M$30.8M$14.2M$15.5M$11.3M$12.8M$9.5M$4.5M
Total operating expenses $42.3M$41.8M$43.1M$32.7M$47.6M$31.1M$37.6M$41.7M$18.2M$12.3M
Operating income -$4.5M$3.0M-$1.5M-$3.1M-$63.5M-$13.0M$43.5M$27.7M$18.7M$20.4M
Pre-tax income -$5.6M$252.0K-$2.3M-$3.9M-$59.7M$25.0M$39.4M$25.6M$18.7M$19.8M
Income tax $6.9M$2.7M$6.9M$3.2M$9.0M$13.0M$7.8M$5.5M$2.8M$9.4M
Net income $1.3M$3.0M$4.6M-$703.0K-$50.7M$38.0M$31.6M$20.1M$21.5M$10.4M
EPS, basic 0.030.080.12-0.02-1.210.940.790.500.540.43
EPS, diluted 0.030.080.12-0.02-1.210.940.780.500.530.42
Shares, diluted (wtd. avg.) 39.6M39.1M39.0M42.4M41.8M40.3M40.3M40.4M40.3M24.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $22.6M$1.6M$6.1M$5.5M$25.6M$11.7M$2.6M$1.5M$35.2M$47.5M
Receivables $30.5M$41.0M$23.2M$35.7M$17.5M$69.7M$58.9M$19.0M$23.4M$5.3M
Inventory $31.1M$25.0M$26.8M$20.2M$15.0M$19.1M$21.4M$18.6M$9.5M$10.3M
Total current assets $88.1M$75.5M$61.9M$68.1M$73.9M$112.1M$92.2M$50.1M$73.2M$65.0M
Property, plant and equipment $223.3M$236.7M$255.1M$258.8M$262.5M$274.7M$230.5M$248.4M$171.8M$104.1M
Goodwill ———————$0$0—
Other intangibles $4.3M$5.1M$5.9M$6.7M$7.5M$8.3M$9.0M$18.1M$0—
Total assets $340.0M$341.5M$346.3M$360.0M$374.0M$427.7M$363.4M$320.3M$246.8M$173.5M
Accounts payable $9.4M$17.0M$16.0M$14.4M$8.5M$3.3M$4.0M$11.3M$26.1M$1.7M
Short-term debt $4.4M$3.6M$15.7M$6.2M$7.1M$6.9M$6.2M$829.0K$860.0K—
Total current liabilities $49.9M$43.2M$54.5M$51.9M$48.5M$37.3M$40.0M$24.7M$34.6M$13.7M
Long-term debt $8.7M$9.1M$3.4M$9.8M$15.4M$22.4M$28.2M$47.9M$0$570.0K
Total liabilities $100.3M$97.7M$104.0M$116.5M$132.9M$138.9M$117.8M$110.9M$56.8M$31.0M
Retained earnings $68.1M$73.2M$74.5M$69.9M$70.6M$121.3M$83.3M$50.3M$31.6M$10.1M
Total equity $239.7M$243.8M$242.3M$243.5M$241.2M$288.8M$245.6M$210.8M$190.0M$142.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $44.1M$17.9M$31.0M$5.4M$32.4M$25.5M$44.6M$50.9M$15.6M$26.7M
Depreciation and amortisation $29.3M$28.9M$27.5M$26.5M$25.3M$22.1M$26.4M$17.2M$7.9M$6.5M
Stock-based compensation $3.7M$3.2M$3.5M$3.2M$3.2M$3.8M$2.9M$2.9M$2.0M$1.4M
Capital expenditure $11.6M$7.0M$23.0M$12.7M$11.2M$8.6M$25.5M$96.1M$51.2M$2.5M
Investing cash flow -$10.9M-$6.9M-$22.9M-$18.2M-$11.1M-$8.6M-$25.4M-$126.0M-$51.1M-$2.5M
Financing cash flow -$12.3M-$15.5M-$7.5M-$7.3M-$7.4M-$7.9M-$18.0M$41.3M$23.2M$19.4M
Dividends paid $5.9M$3.9M$0$0——————
Buybacks $628.0K$422.0K$0$540.0K$401.0K$1.2M$140.0K$2.2M$127.0K$420.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001529628-26-000025.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M 400M Revenue, FY2016: 59K Gross profit, FY2016: 32.7M Net income, FY2016: 10.4M Revenue, FY2017: 137.2M Gross profit, FY2017: 36.9M Net income, FY2017: 21.5M Revenue, FY2018: 212.5M Gross profit, FY2018: 69.4M Net income, FY2018: 20.1M Revenue, FY2019: 233.1M Gross profit, FY2019: 81.1M Net income, FY2019: 31.6M Revenue, FY2020: 122.3M Gross profit, FY2020: 18.1M Net income, FY2020: 38M Revenue, FY2021: 126.6M Gross profit, FY2021: -15.9M Net income, FY2021: -50.7M Revenue, FY2022: 255.7M Gross profit, FY2022: 29.6M Net income, FY2022: -703K Revenue, FY2023: 296M Gross profit, FY2023: 41.6M Net income, FY2023: 4.6M Revenue, FY2024: 311.4M Gross profit, FY2024: 44.8M Net income, FY2024: 3M Revenue, FY2025: 330.2M Gross profit, FY2025: 37.9M Net income, FY2025: 1.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $59.0K $137.2M $212.5M $233.1M $122.3M $126.6M $255.7M $296.0M $311.4M $330.2M
Gross profit $32.7M $36.9M $69.4M $81.1M $18.1M -$15.9M $29.6M $41.6M $44.8M $37.9M
Net income $10.4M $21.5M $20.1M $31.6M $38.0M -$50.7M -$703.0K $4.6M $3.0M $1.3M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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