Smart Sand, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $330.2M | $311.4M | $296.0M | $255.7M | $126.6M |
| Cost of revenue | $292.3M | $266.5M | $254.4M | $226.1M | $140.4M |
| Gross profit | $37.9M | $44.8M | $41.6M | $29.6M | -$15.9M |
| Selling, general & administrative | $40.5M | $38.2M | $38.7M | $30.8M | $14.2M |
| Operating expenses | $42.3M | $41.8M | $43.1M | $32.7M | $47.6M |
| Operating income | -$4.5M | $3.0M | -$1.5M | -$3.1M | -$63.5M |
| Pretax income | -$5.6M | $252,000 | -$2.3M | -$3.9M | -$59.7M |
| Income tax expense | -$6.9M | -$2.7M | -$6.9M | -$3.2M | -$9.0M |
| Net income | $1.3M | $3.0M | $4.6M | -$703,000 | -$50.7M |
| Balance Sheet | |||||
| Cash and equivalents | $22.6M | $1.6M | $6.1M | $5.5M | $25.6M |
| Current assets | $88.1M | $75.5M | $61.9M | $68.1M | $73.9M |
| Total assets | $340.0M | $341.5M | $346.3M | $360.0M | $374.0M |
| Current liabilities | $49.9M | $43.2M | $54.5M | $51.9M | $48.5M |
| Total liabilities | $100.3M | $97.7M | $104.0M | $116.5M | $132.9M |
| Stockholders' equity | $239.7M | $243.8M | $242.3M | $243.5M | $241.2M |
| Cash Flow Statement | |||||
| Cash from operations | $44.1M | $17.9M | $31.0M | $5.4M | $32.4M |
| Depreciation and amortization | $29.3M | $28.9M | $27.5M | $26.5M | $25.3M |
| Stock-based compensation | $3.7M | $3.2M | $3.5M | $3.2M | $3.2M |
| Capital expenditure | $11.6M | $7.0M | $23.0M | $12.7M | $11.2M |
| Free cash flow | $32.5M | $10.9M | $8.0M | -$7.3M | $21.2M |
| Dividends paid | $5.9M | $3.9M | $0 | $0 | — |
| Share repurchases | $628,000 | $422,000 | $0 | $540,000 | $401,000 |
| Impairments | $0 | $0 | $0 | $0 | $2.2M |
Shares outstanding 43.0M · Free float 40.1%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.