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Smart Sand, Inc. SND Q3 2025 earnings

Reported November 12, 2025 · Before market open

Revenue$92.8MBeat by $32.8M
EPS$0.08Beat by $0.11
Revenue estimate$60.0M
EPS estimate-$0.03

Next report

Aug 11, 2026 (In 1 week)

Financials

Q3 2025

Income statement

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Revenue$92.8M+46.9%
Gross profit$14.9M+130%
Operating income$5.4M+209%
Net income$3.0M+3,163%
EPS (diluted)$0.08—

Balance sheet

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Cash & equivalents$5.1M-29.6%
Total debt$39.0M+3.6%
Total equity$239.9M-1.5%
Total assets$343.1M+2.2%

Cash flow

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Operating cash flow$18.2M+213%
CapEx$3.4M+58.5%
Free cash flow$14.8M+302%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$85.02M+11.4%
Enterprise value$118.9M+11.4%
P/E21.8×—
P/S0.3×0.0×

Profitability

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Gross margin12%-0.2pp
Operating margin0.6%+0.3pp
Net margin1.2%—
FCF margin3.6%—

Returns & leverage

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Return on equity1.6%—
Debt / equity0.2×0.0×
Current ratio1.7×0.0×

Segments

By segment

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Sand Segment$91.6M+47.3%
SmartSystems Segment$1.1M+22.8%

By product

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Sand$91.6M+47.3%
SmartSystems$1.1M+22.8%

Versus estimates

Revenue

Q1 2026$93.1MQ4 2025$86.0MBeat by $26.0M
Q3 2025$92.8MBeat by $32.8M
Q2 2025$85.8MBeat by $25.8MQ1 2025$65.6MBeat by $5.6MQ4 2024$91.4MBeat by $25.5M

Diluted EPS

Q1 2026-$0.10Q4 2025$0.03Beat by $0.06
Q3 2025$0.08Beat by $0.11
Q2 2025-$0.01Beat by $0.02Q1 2025-$0.62Miss by $0.59Q4 2024$0.09In line

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Questions, answered.

When did Smart Sand, Inc. report Q3 2025 earnings?
Smart Sand, Inc. (SND) reported Q3 2025 earnings on November 12, 2025 before market open.
What were Smart Sand, Inc.'s Q3 2025 revenue and EPS?
Smart Sand, Inc. reported revenue of $92.8M and eps of $0.08 for Q3 2025.
Did Smart Sand, Inc. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $60.0M by $32.8M. EPS beat the consensus estimate of $-0.03 by $0.11.
How did Smart Sand, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 46.9% from $63.2M a year earlier.
Where can I find Smart Sand, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001529628-25-000126) and the 10-Q periodic report (0001529628-25-000129) directly on SEC EDGAR. The filing index links above go to sec.gov.