Smart Sand financials
$5.06−3.71%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $330.2M | $311.4M | $296.0M | $255.7M | $126.6M | $122.3M | $233.1M | $212.5M | $137.2M | $59.2M |
| Gross profit | $37.9M | $44.8M | $41.6M | $29.6M | -$15.9M | $18.1M | $81.1M | $69.4M | $36.9M | $32.7M |
| Gross margin | 11.5% | 14.4% | 14.0% | 11.6% | −12.6% | 14.8% | 34.8% | 32.6% | 26.9% | 55.1% |
| Operating income | -$5.0M | $4.1M | $298.0K | -$3.4M | -$62.9M | -$13.0M | $43.5M | $27.7M | $18.7M | $20.4M |
| Net income | $1.3M | $3.0M | $4.6M | -$703.0K | -$50.7M | $38.0M | $31.6M | $20.1M | $21.5M | $10.4M |
| Net margin | 0.4% | 1.0% | 1.6% | −0.3% | −40.0% | 31.0% | 13.6% | 9.5% | 15.7% | 17.5% |
| Diluted EPS | $0.03 | $0.08 | $0.12 | $-0.02 | $-1.21 | $0.94 | $0.78 | $0.50 | $0.53 | $0.42 |
| EBITDA | $25.0M | $33.8M | $28.6M | $23.9M | -$36.8M | $13.6M | $83.6M | $61.8M | $26.6M | $26.9M |
| Operating cash flow | $44.1M | $17.9M | $31.0M | $5.4M | $32.4M | $25.5M | $44.6M | $52.8M | $15.6M | $26.7M |
| Free cash flow | $32.5M | $10.9M | $8.0M | -$7.3M | $21.2M | $16.9M | $19.1M | -$43.3M | -$35.5M | $24.2M |
| Diluted shares | 39.6M | 39.1M | 39.0M | 42.4M | 41.8M | 40.3M | 40.3M | 40.4M | 40.3M | 24.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $22.6M | $1.6M | $6.1M | $5.5M | $25.6M | $11.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $13.0M | $12.7M | $19.2M | $16.0M | $22.5M | $29.3M |
| Total assets | $340.0M | $341.5M | $346.3M | $360.0M | $374.0M | $427.7M |
| Total liabilities | $100.3M | $97.7M | $104.0M | $116.5M | $132.9M | $138.9M |
| Shareholders' equity | $239.7M | $243.8M | $242.3M | $243.5M | $241.2M | $288.8M |
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