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Smart Sand, Inc. SND Q4 2025 Annual earnings

Reported February 26, 2026 · After market close

Revenue$86.0MBeat by $26.0M
EPS$0.03Beat by $0.06
Revenue estimate$60.0M
EPS estimate-$0.03

Next report

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

Financials

Q4 2025

Income statement

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Revenue$86.0M-5.8%
Gross profit$11.2M-16.6%
Operating income-$2.7M-175%
Net income$1.2M-68.5%
EPS (diluted)$0.03-70.0%

Balance sheet

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Cash & equivalents$22.6M+1,351%
Total debt$36.5M-3.4%
Total equity$239.7M-1.7%
Total assets$340.0M-0.4%

Cash flow

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Operating cash flow$22.4M+2,061%
CapEx$2.0M+6.6%
Free cash flow$20.4M—

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$158.85M+64.5%
Enterprise value$172.79M+30.1%
P/E118.1×+85.8×
P/S0.5×+0.2×

Profitability

See full
Gross margin11.5%-2.9pp
Operating margin-1.4%-2.3pp
Net margin0.4%-0.6pp
FCF margin9.9%+6.1pp

Returns & leverage

See full
Return on equity0.6%-0.7pp
Debt / equity0.2×0.0×
Current ratio1.8×0.0×

Segments

By segment

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Sand Segment$85.1M-6.1%
SmartSystems Segment$980.0K+31.7%

By product

See full
Sand$85.1M-6.1%
SmartSystems$980.0K+31.7%

FAQ

When did Smart Sand, Inc. report Q4 2025 earnings?
Smart Sand, Inc. (SND) reported Q4 2025 earnings on February 26, 2026 after market close.
What were Smart Sand, Inc.'s Q4 2025 revenue and EPS?
Smart Sand, Inc. reported revenue of $86.0M and eps of $0.03 for Q4 2025.
Did Smart Sand, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $60.0M by $26.0M. EPS beat the consensus estimate of $-0.03 by $0.06.
How did Smart Sand, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 5.8% from $91.4M a year earlier and eps declined 66.7% from $0.09.
Where can I find Smart Sand, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001529628-26-000007) and the 10-K periodic report (0001529628-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.