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Smart Sand, Inc.

SND

Smart Sand, Inc. is a fully integrated provider of frac and industrial sand supply and logistics services.

Market cap
$219.63M+176%
Revenue$387.0M+26.5%
Net income$10.5M+1,206%
Free cash flow$34.6M+3,198%
EPS (diluted)$0.26+1,200%
Trailing twelve months · change vs. prior year

Earnings

Q2 2026 report

August 11, 2026

Next report

Nov 11, 2026 (in 2 months)
Revenue estimate$29.6M
EPS estimate-$0.14

Financials

Q2 2026

Income statement

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Revenue$115.1M+34.1%
Gross profit$19.8M+121%
Operating income$10.1M+13,153%
Net income$10.2M-52.5%
EPS (diluted)$0.25-53.7%

Balance sheet

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Cash & equivalents$10.2M+138%
Total debt$43.6M-11.9%
Total equity$238.1M-1.0%
Total assets$347.1M+0.4%

Cash flow

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Operating cash flow$3.4M
CapEx$4.8M+78.2%
Free cash flow-$1.4M+82.7%

Valuation & ratios

Valuation

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Market cap$219.63M+176%
Enterprise value$252.98M+103%
P/E20.9×-78.0×
P/S0.6×+0.3×

Profitability

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Gross margin13.5%+3.1pp
Operating margin2%+1.3pp
Net margin2.7%+2.4pp
FCF margin8.9%+8.6pp

Returns & leverage

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Return on equity4.4%+4.1pp
Debt / equity0.2×0.0×
Current ratio1.7×-0.2×

Segments

By segment

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Sand Segment$113.8M+34.6%
SmartSystems Segment$1.2M+1.8%

By product

See full
Sand$113.8M+34.6%
SmartSystems$1.2M+1.8%

Competitors

Profile

Smart Sand, Inc. is a fully integrated provider of frac and industrial sand supply and logistics services. The company specializes in the production of high-quality Northern White sand, a premium proppant used to enhance hydrocarbon recovery in hydraulic fracturing and for various industrial applications. Their value proposition centers on a comprehensive 'mine-to-wellsite' solution that combines large-scale sand reserves with proprietary wellsite storage and management technologies.

Competitive position

A leading integrated provider of premium Northern White sand with a significant logistical footprint across major North American shale basins.

GeographiesUnited States, Canada, Mexico
Customer segmentsEnergy Exploration & Production, Industrial Manufacturing, Commercial Construction
Business modelManufacturing, Logistics as a Service, Equipment Leasing
SuppliersClass I rail networks, Mining equipment manufacturers, Fuel and energy providers
CustomersExploration and Production (E&P) companies, Oilfield service providers, Industrial glass and ceramic manufacturers, Construction and filtration companies
Listed2016
Employees378.0
CEOCharles E. Young
SectorEnergy
FilingsSEC EDGAR

FAQ

What is Smart Sand, Inc.'s market cap?
Smart Sand, Inc. (SND) has a market capitalization of $219.6M and trades on NASDAQ.
What is Smart Sand, Inc.'s revenue and profitability?
Smart Sand, Inc. generated $387.0M in trailing twelve-month revenue with net income of $10.5M, representing a net margin of 2.7%. Gross margin stands at 13.5%, with free cash flow of $34.6M. The latest reported period is Q2 2026.
Who are Smart Sand, Inc.'s competitors?
Smart Sand, Inc.'s key competitors include Atlas Energy Solutions Inc., Liberty Energy Inc., Helmerich & Payne, Inc., and others. These companies compete in similar markets and product categories.
Who does Smart Sand, Inc. partner with?
Smart Sand, Inc.'s notable partners include Canadian Pacific Kansas City, Union Pacific, BNSF Railway, and others.
Where is Smart Sand, Inc. headquartered?
Smart Sand, Inc. is headquartered in United States of America and employs approximately 378 people. It has been publicly traded since 2016.