NASDAQ : SND
Smart Sand, Inc. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 4.89 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 207.33M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Smart Sand, Inc. (SND) reported revenue of 386.99M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 386.99M | 330.15M | 311.37M | 295.97M | 255.74M | 126.65M |
| Cost of Revenue | 334.89M | 292.26M | 266.55M | 254.42M | 226.15M | 142.55M |
| Gross Profit | 52.09M | 37.89M | 44.82M | 41.55M | 29.59M | -15.91M |
| Selling, General & Admin | 42.26M | 40.52M | 38.16M | 38.72M | 30.77M | 25.45M |
| Operating Expenses | 44.55M | 42.91M | 40.76M | 41.26M | 33.01M | 27.43M |
| Operating Income | 7.54M | -5.03M | 4.07M | 298.00K | -3.42M | -43.34M |
| Interest Expense | -1.79M | -1.74M | -1.84M | -1.53M | -1.66M | -2.01M |
| Interest & Investment Income | 425.00K | 269.00K | 69.00K | 260.00K | 53.00K | 35.00K |
| Other Non Operating Income (Expenses) | 716.00K | 343.00K | 358.00K | 524.00K | 828.00K | 5.77M |
| EBT Excluding Unusual Items | 6.89M | -6.15M | 2.65M | -450.00K | -4.20M | -39.54M |
| Gain (Loss) on Sale of Assets | 303.00K | 566.00K | -1.06M | -1.80M | 294.00K | -555.00K |
| Legal Settlements | -19.59M | |||||
| Other Unusual Items | -1.34M | |||||
| Pretax Income | 7.19M | -5.59M | 252.00K | -2.25M | -3.91M | -59.69M |
| Income Tax Expense | -3.30M | -6.93M | -2.74M | -6.90M | -3.21M | -9.02M |
| Net Income | 10.49M | 1.34M | 2.99M | 4.65M | -703.00K | -50.67M |
| Net Income to Common | 10.49M | 1.34M | 2.99M | 4.65M | -703.00K | -50.67M |
| Shares Outstanding (Basic) | 39.04M | 39.05M | 38.81M | 38.95M | 42.41M | 41.77M |
| Shares Outstanding (Diluted) | 40.60M | 39.59M | 39.08M | 39.05M | 42.41M | 41.77M |
| EPS (Basic) | 0.27 | 0.03 | 0.08 | 0.12 | -0.02 | -1.21 |
| EPS (Diluted) | 0.25 | 0.03 | 0.08 | 0.12 | -0.02 | -1.21 |
| Free Cash Flow | 34.63M | 32.52M | 10.85M | 7.96M | -7.31M | 21.22M |
| Free Cash Flow Per Share | 0.85 | 0.82 | 0.28 | 0.20 | -0.17 | 0.51 |
| Gross Margin | 13.46% | 11.48% | 14.39% | 14.04% | 11.57% | -12.56% |
| Operating Margin | 1.95% | -1.52% | 1.31% | 0.10% | -1.34% | -34.22% |
| Profit Margin | 2.71% | 0.41% | 0.96% | 1.57% | -0.27% | -40.01% |
| Free Cash Flow Margin | 8.95% | 9.85% | 3.49% | 2.69% | -2.86% | 16.75% |
| EBITDA | 37.45M | 24.24M | 33.00M | 27.77M | 23.07M | -18.03M |
| EBITDA Margin | 9.68% | 7.34% | 10.60% | 9.38% | 9.02% | -14.24% |
| D&A For EBITDA | 29.90M | 29.27M | 28.94M | 27.47M | 26.49M | 25.31M |
| EBIT | 7.54M | -5.03M | 4.07M | 298.00K | -3.42M | -43.34M |
| EBIT Margin | 1.95% | -1.52% | 1.31% | 0.10% | -1.34% | -34.22% |
| Revenue as Reported | 386.99M | 330.15M | 311.37M | 295.97M | 255.74M | 126.65M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.20M | 22.55M | 1.55M | 6.07M | 5.51M | 25.59M |
| Cash & Short-Term Investments | 10.20M | 22.55M | 1.55M | 6.07M | 5.51M | 25.59M |
| Accounts Receivable | 45.77M | 30.52M | 46.29M | 25.79M | 35.83M | 19.36M |
| Other Receivables | 2.15M | 826.00K | 813.00K | 4.97M | 12.75M | |
| Receivables | 45.77M | 32.67M | 47.12M | 26.61M | 40.80M | 32.12M |
| Inventory | 31.64M | 31.08M | 25.04M | 26.82M | 20.18M | 15.02M |
| Prepaid Expenses | 4.98M | 1.84M | 1.81M | 2.40M | 1.44M | 1.14M |
| Other Current Assets | 188.00K | |||||
| Total Current Assets | 92.59M | 88.14M | 75.53M | 61.90M | 68.11M | 73.86M |
| Property, Plant & Equipment | 226.38M | 223.27M | 236.56M | 255.45M | 262.33M | 271.76M |
| Other Intangible Assets | 3.90M | 4.29M | 5.08M | 5.88M | 6.67M | 7.46M |
| Other Long-Term Assets | 24.19M | 24.31M | 24.38M | 23.07M | 22.89M | 20.94M |
| Total Assets | 347.06M | 340.01M | 341.55M | 346.30M | 360.00M | 374.02M |
| Accounts Payable | 16.43M | 9.43M | 16.99M | 16.04M | 14.44M | 8.48M |
| Accrued Expenses | 20.65M | 17.38M | 11.42M | 9.63M | 12.83M | 11.68M |
| Current Portion of Long-Term Debt | 5.90M | 4.12M | 3.32M | 15.47M | 5.82M | 7.01M |
| Current Portion of Leases | 10.12M | 9.01M | 10.29M | 10.77M | 11.27M | 9.15M |
| Current Income Taxes Payable | 852.00K | 865.00K | 2.33M | |||
| Current Unearned Revenue | 1.58M | 9.84M | 54.00K | 1.15M | 6.96M | 9.84M |
| Other Current Liabilities | 175.00K | 163.00K | 291.00K | 524.00K | 597.00K | 58.00K |
| Total Current Liabilities | 54.86M | 49.94M | 43.21M | 54.47M | 51.92M | 48.55M |
| Long-Term Debt | 8.58M | 8.59M | 8.82M | 2.91M | 9.35M | 15.12M |
| Long-Term Leases | 18.77M | 14.46M | 14.80M | 14.60M | 18.10M | 23.92M |
| Long-Term Unearned Revenue | 6.43M | |||||
| Long-Term Deferred Tax Liabilities | 3.16M | 4.19M | 9.32M | 12.10M | 18.24M | 22.43M |
| Other Long-Term Liabilities | 23.60M | 23.14M | 21.59M | 19.96M | 18.93M | 16.40M |
| Total Liabilities | 108.97M | 100.32M | 97.74M | 104.03M | 116.53M | 132.86M |
| Common Stock | 38.00K | 39.00K | 39.00K | 39.00K | 43.00K | 42.00K |
| Additional Paid-In Capital | 190.74M | 189.03M | 185.26M | 181.97M | 178.39M | 174.49M |
| Retained Earnings | 70.08M | 68.07M | 73.24M | 74.54M | 69.89M | 70.59M |
| Treasury Stock | -22.71M | -17.39M | -14.67M | -14.25M | -5.08M | -4.54M |
| Comprehensive Income & Other | -52.00K | -53.00K | -60.00K | -35.00K | 227.00K | 574.00K |
| Shareholders' Equity | 238.10M | 239.70M | 243.81M | 242.27M | 243.47M | 241.16M |
| Total Liabilities & Equity | 347.06M | 340.01M | 341.55M | 346.30M | 360.00M | 374.02M |
| Total Debt | 43.36M | 36.18M | 37.22M | 43.75M | 44.54M | 55.20M |
| Net Cash (Debt) | -33.17M | -13.63M | -35.67M | -37.68M | -39.03M | -29.61M |
| Net Cash Per Share | -0.82 | -0.34 | -0.91 | -0.97 | -0.92 | -0.71 |
| Filing Date Shares Outstanding | 42.40M | 43.54M | 42.88M | 43.01M | 45.83M | 44.81M |
| Total Common Shares Outstanding | 38.96M | 38.94M | 39.07M | 38.49M | 43.09M | 41.79M |
| Working Capital | 37.73M | 38.20M | 32.31M | 7.44M | 16.20M | 25.31M |
| Book Value Per Share | 6.11 | 6.15 | 6.24 | 6.29 | 5.65 | 5.77 |
| Tangible Book Value | 234.20M | 235.41M | 238.73M | 236.39M | 236.80M | 233.70M |
| Tangible Book Value Per Share | 6.01 | 6.04 | 6.11 | 6.14 | 5.50 | 5.59 |
| Land | 40.63M | 40.63M | 40.63M | 40.52M | 40.43M | 35.65M |
| Machinery | 317.73M | 310.23M | 299.47M | 290.59M | 270.60M | 262.50M |
| Construction In Progress | 3.69M | 2.54M | 3.22M | 6.27M | 10.42M | 9.57M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 10.49M | 1.34M | 2.99M | 4.65M | -703.00K | -50.67M |
| Depreciation & Amortization | 29.90M | 29.27M | 28.94M | 27.47M | 26.49M | 25.31M |
| Other Amortization | 1.05M | 1.04M | 1.03M | 1.08M | 1.08M | 1.08M |
| Loss (Gain) From Sale of Assets | -303.00K | -566.00K | 1.06M | 1.80M | -294.00K | 555.00K |
| Asset Writedown & Restructuring Costs | 2.17M | |||||
| Stock-Based Compensation | 3.48M | 3.72M | 3.24M | 3.53M | 3.21M | 3.19M |
| Provision & Write-off of Bad Debts | 54.00K | 41.00K | 163.00K | 19.59M | ||
| Other Operating Activities | -1.54M | -5.13M | -1.44M | -6.14M | -4.20M | -10.55M |
| Change in Accounts Receivable | 1.35M | 15.73M | -20.66M | 10.03M | -16.46M | 30.89M |
| Change in Inventory | -3.19M | -6.04M | 1.78M | -6.64M | -5.16M | 1.94M |
| Change in Accounts Payable | 1.03M | -6.76M | 53.00K | 1.97M | 5.24M | 4.51M |
| Change in Unearned Revenue | 1.56M | 9.78M | -1.10M | -5.80M | -9.31M | 5.91M |
| Change in Other Net Operating Assets | 3.10M | 1.68M | 1.82M | -973.00K | 5.52M | -1.49M |
| Operating Cash Flow | 46.98M | 44.12M | 17.86M | 30.99M | 5.42M | 32.44M |
| Capital Expenditures | -12.35M | -11.60M | -7.01M | -23.03M | -12.73M | -11.22M |
| Sale of Property, Plant & Equipment | 1.00K | 740.00K | 89.00K | 129.00K | 1.07M | 78.00K |
| Cash Acquisitions | -6.55M | |||||
| Investing Cash Flow | -12.35M | -10.86M | -6.92M | -22.90M | -18.21M | -11.14M |
| Long-Term Debt Issued | 35.00M | 40.73M | 23.00M | 10.00M | ||
| Long-Term Debt Repaid | -38.63M | -49.46M | -25.83M | -17.44M | -6.89M | |
| Net Debt Issued (Repaid) | -13.15M | -3.63M | -8.73M | -2.83M | -7.44M | -6.89M |
| Issuance of Common Stock | 41.00K | 47.00K | 51.00K | 56.00K | 691.00K | 42.00K |
| Repurchase of Common Stock | -5.61M | -2.72M | -422.00K | -4.75M | -540.00K | -401.00K |
| Common Dividends Paid | -10.01M | -5.95M | -3.90M | |||
| Dividends Paid | -10.01M | -5.95M | -3.90M | |||
| Other Financing Activities | -10.00K | -2.46M | -180.00K | |||
| Financing Cash Flow | -28.73M | -12.26M | -15.46M | -7.53M | -7.29M | -7.43M |
| Net Cash Flow | 5.90M | 21.00M | -4.52M | 562.00K | -20.08M | 13.86M |
| Free Cash Flow | 34.63M | 32.52M | 10.85M | 7.96M | -7.31M | 21.22M |
| Free Cash Flow Margin | 8.95% | 9.85% | 3.49% | 2.69% | -2.86% | 16.75% |
| Free Cash Flow Per Share | 0.85 | 0.82 | 0.28 | 0.20 | -0.17 | 0.51 |
| Levered Free Cash Flow | 31.38M | 33.79M | 10.83M | 8.45M | 2.97M | 51.21M |
| Unlevered Free Cash Flow | 32.24M | 34.63M | 11.74M | 9.12M | 3.72M | 52.18M |
| Cash Interest Paid | 1.58M | 1.58M | 1.41M | 1.12M | 1.24M | 1.55M |
| Cash Income Tax Paid | -310.00K | -78.00K | 211.00K | 187.00K | 209.00K | |
| Change in Working Capital | 3.86M | 14.40M | -18.11M | -1.41M | -20.17M | 41.76M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 205.21M | 174.18M | 96.57M | 79.70M | 81.05M | 77.52M |
| Enterprise Value | 238.38M | 207.68M | 126.38M | 109.09M | 124.01M | 97.23M |
| Last Close Price | 4.84 | 3.84 | 2.02 | 1.66 | 1.54 | 1.53 |
| PE Ratio | 19.41 | 129.50 | 32.28 | 17.14 | ||
| Forward PE | 9.68 | 14.06 | 10.33 | 17.05 | 8.14 | |
| PS Ratio | 0.53 | 0.53 | 0.31 | 0.27 | 0.32 | 0.61 |
| PB Ratio | 0.79 | 0.73 | 0.40 | 0.33 | 0.33 | 0.32 |
| P/TBV Ratio | 0.88 | 0.74 | 0.41 | 0.34 | 0.34 | 0.33 |
| P/FCF Ratio | 5.93 | 5.36 | 8.90 | 10.01 | 3.65 | |
| P/OCF Ratio | 4.37 | 3.95 | 5.41 | 2.57 | 14.95 | 2.39 |
| PEG Ratio | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | |
| EV/Sales Ratio | 0.62 | 0.63 | 0.41 | 0.37 | 0.48 | 0.77 |
| EV/EBITDA Ratio | 6.37 | 8.57 | 3.83 | 3.93 | 5.38 | |
| EV/EBIT Ratio | 31.61 | 31.08 | 366.09 | |||
| EV/FCF Ratio | 6.88 | 6.39 | 11.64 | 13.71 | 4.58 | |
| Debt / Equity Ratio | 0.18 | 0.15 | 0.15 | 0.18 | 0.18 | 0.23 |
| Debt / EBITDA Ratio | 0.84 | 0.96 | 0.80 | 1.05 | 1.26 | |
| Debt / FCF Ratio | 1.25 | 1.11 | 3.43 | 5.50 | 2.60 | |
| Net Debt / Equity Ratio | 0.14 | 0.06 | 0.15 | 0.16 | 0.16 | 0.12 |
| Net Debt / EBITDA Ratio | 0.89 | 0.56 | 1.08 | 1.36 | 1.69 | -1.64 |
| Net Debt / FCF Ratio | 0.96 | 0.42 | 3.29 | 4.73 | -5.34 | 1.40 |
| Asset Turnover | 1.12 | 0.97 | 0.91 | 0.84 | 0.70 | 0.32 |
| Inventory Turnover | 11.11 | 10.41 | 10.28 | 10.82 | 12.85 | 8.35 |
| Quick Ratio | 1.02 | 1.11 | 1.13 | 0.60 | 0.89 | 1.19 |
| Current Ratio | 1.69 | 1.76 | 1.75 | 1.14 | 1.31 | 1.52 |
| Return on Equity (ROE) | 4.38% | 0.56% | 1.23% | 1.91% | -0.29% | -19.12% |
| Return on Assets (ROA) | 1.36% | -0.92% | 0.74% | 0.05% | -0.58% | -6.76% |
| Return on Invested Capital (ROIC) | 2.87% | -1.89% | 1.45% | 0.11% | -1.24% | -14.18% |
| Return on Capital Employed (ROCE) | 2.60% | -1.70% | 1.40% | 0.10% | -1.10% | -13.30% |
| Earnings Yield | 5.15% | 0.77% | 3.10% | 5.83% | -0.87% | -65.37% |
| FCF Yield | 16.88% | 18.67% | 11.24% | 9.99% | -9.02% | 27.37% |
| Payout Ratio | 100.28% | 442.23% | 130.41% | |||
| Buyback Yield / Dilution | -3.09% | -1.29% | -0.10% | 7.93% | -1.52% | -3.76% |