Smart Sand financials
$5.06−3.71%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $115.0M | $93.1M | $86.0M | $92.8M | $85.8M | $65.6M | $91.4M | $63.2M | $73.8M | $83.1M | $61.9M | $76.9M |
| Gross profit | $19.8M | $6.1M | $11.2M | $14.9M | $9.0M | $2.8M | $13.5M | $6.5M | $13.1M | $11.8M | $2.8M | $14.4M |
| Gross margin | 17.2% | 6.6% | 13.0% | 16.1% | 10.4% | 4.2% | 14.7% | 10.3% | 17.7% | 14.2% | 4.6% | 18.7% |
| Operating income | $9.9M | -$5.2M | -$2.4M | $5.3M | -$757.0K | -$7.1M | $3.6M | -$3.8M | $3.5M | $787.0K | -$7.9M | $4.8M |
| Net income | $10.2M | -$3.9M | $1.2M | $3.0M | $21.4M | -$24.2M | $3.7M | -$98.0K | -$430.0K | -$216.0K | -$4.8M | $6.7M |
| Net margin | 8.8% | −4.1% | 1.4% | 3.2% | 24.9% | −37.0% | 4.1% | −0.2% | −0.6% | −0.3% | −7.7% | 8.7% |
| Diluted EPS | $0.25 | $-0.10 | $0.03 | $0.08 | $0.54 | $-0.62 | $0.09 | $0.00 | $-0.01 | $-0.01 | $-0.12 | $0.18 |
| EBITDA | $17.8M | $2.6M | $5.2M | $12.7M | $6.7M | $407.0K | $11.6M | $2.9M | $11.0M | $8.2M | -$7.9M | $12.1M |
| Operating cash flow | $3.4M | $3.0M | $22.4M | $18.2M | -$5.1M | $8.7M | $1.0M | $5.8M | $14.9M | -$3.9M | -$2.7M | $12.5M |
| Free cash flow | -$1.4M | $842.0K | $20.4M | $14.8M | -$7.8M | $5.2M | -$840.0K | $3.7M | $13.5M | -$5.5M | -$9.6M | $5.6M |
| Diluted shares | 41.4M | 39.2M | 40.8M | 39.0M | 39.4M | 39.3M | 40.1M | 38.9M | 38.7M | 38.6M | 38.5M | 38.4M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $10.2M | $19.5M | $22.6M | $5.1M | $4.3M | $5.1M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $14.7M | $13.9M | $13.0M | $12.6M | $21.6M | $12.0M |
| Total assets | $347.1M | $335.7M | $340.0M | $343.1M | $345.8M | $326.9M |
| Total liabilities | $109.0M | $101.5M | $100.3M | $103.2M | $105.3M | $107.0M |
| Shareholders' equity | $238.1M | $234.1M | $239.7M | $239.9M | $240.5M | $219.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology