Smart Sand, Inc. (SND)
Nasdaq · Mining & Quarrying Of Nonmetallic Minerals (No Fuels) · Mining · CIK 1529628 · fiscal year ends in Dec
Closing price $4.84 on 30 Oct 2026; 52-week range $2.09 to $5.82.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $387.0M
- Revenue growth
- 26.5%
- Net income, last twelve months
- $10.5M
- Earnings per share
- $0.26
- Gross margin
- 13.5%
- Operating margin
- 2.0%
- Net margin
- 2.7%
- Free cash flow
- $34.6M
- Return on equity
- 4.4%
- Market value
- $188.6M
- Price to earnings
- 18.6x
- Dividend yield
- 3.1%
- Cash
- $10.2M
- Debt
- $16.4M
- Debt to equity
- 0.07
- Shares outstanding
- 39.0M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $330.2M | -$4.5M | $1.3M | $0.03 | $32.5M | 10-K filed 26 Feb 2026 |
| FY2024 | 31 Dec 2024 | $311.4M | $3.0M | $3.0M | $0.08 | $10.9M | 10-K filed 4 Mar 2025 |
| FY2023 | 31 Dec 2023 | $296.0M | -$1.5M | $4.6M | $0.12 | $8.0M | 10-K filed 11 Mar 2024 |
| FY2022 | 31 Dec 2022 | $255.7M | -$3.1M | -$703.0K | -$0.02 | -$7.3M | 10-K filed 28 Feb 2023 |
| FY2021 | 31 Dec 2021 | $126.6M | -$63.5M | -$50.7M | -$1.21 | $21.2M | 10-K filed 8 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $115.0M | $10.2M | $0.25 |
| Q1 FY2026 | 31 Mar 2026 | $93.1M | -$3.9M | -$0.10 |
| Q4 FY2025 | 31 Dec 2025 | $86.0M | $1.2M | $0.03 |
| Q3 FY2025 | 30 Sep 2025 | $92.8M | $3.0M | $0.08 |
| Q2 FY2025 | 30 Jun 2025 | $85.8M | $21.4M | $0.54 |
| Q1 FY2025 | 31 Mar 2025 | $65.6M | -$24.2M | -$0.62 |
| Q4 FY2024 | 31 Dec 2024 | $91.4M | $3.7M | $0.09 |
| Q3 FY2024 | 30 Sep 2024 | $63.2M | -$98.0K | $0.00 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Sand Segment | $325.8M | 98.7% |
| SmartSystems Segment | $4.4M | 1.3% |
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Sand revenue | $325.8M | 98.7% |
| SmartSystems revenue | $4.4M | 1.3% |
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| United States | $298.3M | 90.3% |
| Canada | $31.9M | 9.7% |
Company events
The newest 8-K filings of 121 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 3 Sep 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 25 Aug 2026 | 8-K/A | Leadership change | 5.02 |
| 11 Aug 2026 | 8-K | Results, Leadership change | 2.02, 5.02, 9.01 |
| 20 Jul 2026 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 8 Jun 2026 | 8-K | Leadership change, Shareholder vote | 5.02, 5.07, 9.01 |
| 15 May 2026 | 8-K | Other events | 8.01 |
| 12 May 2026 | 8-K | Results | 2.02, 9.01 |
| 9 Apr 2026 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 3 Mar 2026 | 8-K | Other events | 8.01 |
| 26 Feb 2026 | 8-K | Results, Investor update, Other events | 2.02, 7.01, 8.01, 9.01 |
| 20 Nov 2025 | 8-K | Other events | 8.01 |
| 12 Nov 2025 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 266 held.
| Filed | Form | Period |
|---|---|---|
| 3 Sep 2026 | 8-K | 1 Sep 2026 |
| 25 Aug 2026 | 8-K/A | 11 Aug 2026 |
| 11 Aug 2026 | 10-Q | 30 Jun 2026 |
| 11 Aug 2026 | 8-K | 11 Aug 2026 |
| 20 Jul 2026 | 8-K | 16 Jul 2026 |
| 16 Jun 2026 | S-8 POS | – |
| 16 Jun 2026 | S-8 POS | – |
| 16 Jun 2026 | S-8 POS | – |
| 16 Jun 2026 | S-8 | – |
| 16 Jun 2026 | S-8 | – |
| 8 Jun 2026 | 8-K | 2 Jun 2026 |
| 15 May 2026 | 8-K | 15 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 24 Aug 2026 | Young James Douglas, SEE REMARKS | Sale outside a trading plan | 2,236 | $4.70 | $10.5K | 360,821 | 24 Aug 2026 |
| 21 Aug 2026 | Young James Douglas, SEE REMARKS | Sale outside a trading plan | 19,078 | $4.83 | $92.1K | 363,057 | 24 Aug 2026 |
| 20 Aug 2026 | Young James Douglas, SEE REMARKS | Sale outside a trading plan | 25,716 | $4.83 | $124.2K | 382,135 | 24 Aug 2026 |
| 19 Aug 2026 | Young James Douglas, SEE REMARKS | Sale outside a trading plan | 11,669 | $4.84 | $56.5K | 344,958 | 19 Aug 2026 |
| 19 Aug 2026 | Beckelman Lee E, Chief Financial Officer | Sale outside a trading plan | 50,000 | $4.79 | $239.5K | 721,845 | 19 Aug 2026 |
| 18 Aug 2026 | Young James Douglas, SEE REMARKS | Sale outside a trading plan | 16,301 | $4.93 | $80.4K | 356,627 | 19 Aug 2026 |
| 17 Aug 2026 | Spurlin Sharon, Director | Sale outside a trading plan | 2,700 | $5.10 | $13.8K | 172,261 | 17 Aug 2026 |
| 14 Aug 2026 | Spurlin Sharon, Director | Sale outside a trading plan | 15,000 | $5.06 | $75.9K | 174,961 | 17 Aug 2026 |
| 14 Aug 2026 | Green Christopher M., Vice President of Accounting | Sale outside a trading plan | 13,874 | $5.06 | $70.2K | 34,293 | 17 Aug 2026 |
| 29 May 2026 | Whelan Ronald P, SEE REMARKS | Purchase | 4,444 | $4.50 | $20.0K | 472,941 | 1 Jun 2026 |
| 26 May 2026 | Spurlin Sharon, Director | Sale outside a trading plan | 50,000 | $4.93 | $246.5K | 189,961 | 28 May 2026 |
| 11 Mar 2026 | Pawlenty Timothy, Director | Sale outside a trading plan | 27,975 | $3.66 | $102.4K | 220,547 | 12 Mar 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 19 Aug 2026 | Lee E Beckelman, Officer | 50,000 | $239.5K | 19 Aug 2026 |
| 17 Aug 2026 | Young James Douglas, Officer | 75,000 | $383.3K | 17 Aug 2026 |
| 14 Aug 2026 | Green Christopher M., Officer | 13,874 | $69.8K | 14 Aug 2026 |
| 14 Aug 2026 | Sharon Spurlin, Director | 100,000 | $495.0K | 14 Aug 2026 |
| 26 May 2026 | Sharon Spurlin, Director | 160,000 | $785.6K | 26 May 2026 |
| 11 Mar 2026 | Pawlenty Timothy, Director | 27,975 | $102.4K | 11 Mar 2026 |
| 10 Mar 2026 | Frank Porcelli, Director | 75,000 | $290.6K | 10 Mar 2026 |
| 9 Mar 2026 | Frank Porcelli, Director | 50,000 | $189.0K | 9 Mar 2026 |
| 5 Mar 2026 | Frank Porcelli, Director | 150,000 | $603.4K | 5 Mar 2026 |
| 4 Mar 2026 | Frank Porcelli, Director | 100,000 | $402.8K | 4 Mar 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 13 Aug 2026 | YOUNG CHARLES EDWIN | 13G amended | 17.3% | 7.4M |
| 15 May 2026 | Tontine Asset Associates, LLC | 13G amended | 7.3% | 3.1M |
| 14 Nov 2025 | Tontine Asset Associates, LLC | 13G amended | 6.2% | 2.7M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 1.9M | -5.15% | 10.72 |
| 30 Sep 2026 | 2.0M | -1.2% | 6.22 |
| 15 Sep 2026 | 2.1M | +2.97% | 11.4 |
| 31 Aug 2026 | 2.0M | -0.02% | 8.78 |
| 14 Aug 2026 | 2.0M | +4.83% | 6.21 |
| 31 Jul 2026 | 1.9M | +4.87% | 6.94 |
| 15 Jul 2026 | 1.8M | +41.8% | 4.98 |
| 30 Jun 2026 | 1.3M | +87.56% | 1.7 |
Funds that hold it
From each fund's latest Form 13F.
113 funds held it at 30 Jun 2026: 69 added and 17 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Gendell Jeffrey L | 3,437,474 | $17.2M | +310,559 |
| BlackRock, Inc. | 2,012,494 | $10.1M | +1,528,716 |
| Acadian Asset Management LLC | 1,345,018 | $6.7M | +385,383 |
| Vanguard Capital Management LLC | 1,069,704 | $5.4M | -114,204 |
| Dimensional Fund Advisors LP | 883,817 | $4.4M | +85,008 |
| Geode Capital Management, LLC | 843,240 | $4.2M | +410,284 |
| Bridgeway Capital Management, LLC | 803,837 | $4.0M | +18,921 |
| Sprott Inc. | 750,000 | $3.8M | 0 |
| Arrowstreet Capital, Limited Partnership | 657,000 | $3.3M | -141,823 |
| Simcoe Capital LLC | 620,962 | $3.1M | +773 |
Peers
Companies in the same industry.
- Vulcan Materials Co. (VMC): revenue $8.0B, market value $36.1B
- Martin Marietta Materials Inc. (MLM): revenue $6.7B, market value $32.5B
- Hecla Mining Co. (HL): revenue $1.6B, market value $9.1B
- Knife River Corp. (KNF): revenue $3.3B, market value $3.3B
- United States Lime & Minerals Inc. (USLM): revenue $381.1M, market value $3.2B
- Energy Fuels Inc. (UUUU): revenue $105.8M, market value $1.9B
- Centrus Energy Corp. (LEU): revenue $473.9M, market value $1.4B
- Compass Minerals International Inc. (CMP): revenue $1.3B, market value $978.2M
- Intrepid Potash, Inc. (IPI): revenue –, market value $417.3M
- American Battery Technology Co. (ABAT): revenue $21.7M, market value $199.6M