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Smart Sand, Inc. SND Sand And SmartSystems Segment — Number of major customers

Other segment segments

Sand Segment
2

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Other financials

Income statement

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Revenue$93.1M+42.0%
Gross profit$6.1M+120%
Operating income-$4.9M+30.9%
Net income-$3.9M+84.1%
EPS (diluted)-$0.10+83.9%

Balance sheet

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Cash & equivalents$19.5M+281%
Total debt$39.1M+18.2%
Total equity$234.1M+6.5%
Total assets$335.7M+2.7%

Cash flow

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Operating cash flow$3.0M-65.1%
CapEx$2.2M-37.8%
Free cash flow$842.0K-83.8%

Valuation

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Market cap$215.36M+121%
Enterprise value$235.02M+62.5%
P/E9.9×-111×
P/S0.6×+0.3×

Profitability

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Gross margin11.5%-0.7pp
Operating margin-0.6%-0.2pp
Net margin6.1%+3.9pp
FCF margin7.9%+0.3pp

Returns & leverage

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Return on equity9.6%+6.4pp
Debt / equity0.2×0.0×
Current ratio1.7×-0.1×

Where this comes from

Reported directly by Smart Sand, Inc. in its filing.

Tagged under the XBRL concept snd:SegmentReportingNumberOfMajorCustomers.

The official record: Smart Sand, Inc.’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Smart Sand, Inc.'s sand and smartsystems segment — number of major customers?
Smart Sand, Inc. (SND) reported sand and smartsystems segment — number of major customers of 1 in Q1 2026.
What does sand and smartsystems segment — number of major customers mean?
This metric represents the count of significant clients or key accounts that generate a substantial portion of revenue within the Sand and SmartSystems business segment. Tracking this figure helps investors assess customer concentration risk and the overall market adoption of the company's integrated proppant supply and logistics solutions. A higher number of major customers typically indicates a broader market footprint and reduced dependency on any single exploration and production operator.