NASDAQ:SND
Smart Sand, Inc.
Smart Sand, Inc.'s revenue grew 6.0% in fiscal 2025 to $330.2M while operating margin fell to −1.4%. Free cash flow was $32.5M, 9.9% of revenue, and the diluted share count rose 1.3%.Summary generated from Smart Sand, Inc.'s SEC filings. Latest annual report filed Feb 26, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$330.2M
Revenue growth+6.0%
Revenue, 5-yr CAGR+22.0%
Gross margin11.5%
Operating margin−1.4%
Net margin0.4%
ROIC−1.4%
Return on equity0.6%
Debt / equity0.06
Free cash flow$32.5M
FCF margin9.9%
Share count change+1.3%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 127 | 256 | 296 | 311 | 330 |
| Operating income | −63 | −3 | −2 | 3 | −4 |
| Net income | −51 | −1 | 5 | 3 | 1 |
| Free cash flow | 21 | −7 | 8 | 11 | 33 |
Recent filings
- 8-KEntry into a material agreement
Sep 3, 2026 - 8-K/AAmended director or officer change
Aug 25, 2026 - 4Insider transaction report
Aug 24, 2026 - 4Insider transaction report
Aug 20, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 11, 2026 - 8-KResults of operations and financial condition
Aug 11, 2026 - 8-KRegulation FD disclosure
Jul 20, 2026 - 8-KDirector or officer change
Jun 8, 2026