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Smart Sand, Inc. SND Unbilled Revenue

Unbilled Revenue at other companies

Liberty Energy logo
Liberty EnergyLBRT
$267.69M+61.2%
NGL Energy Partners logo
NGL Energy PartnersNGL

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 us-gaap:UnbilledReceivablesCurrent.

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 unbilled revenue?
Smart Sand, Inc. (SND) reported unbilled revenue of $121K in Q1 2026.
How has Smart Sand, Inc.'s unbilled revenue changed year-over-year?
Smart Sand, Inc.'s unbilled revenue decreased by 95.8% year-over-year, from $2.9M to $121K.
What is the long-term trend for Smart Sand, Inc.'s unbilled revenue?
Over 5 years (2020 to 2025), Smart Sand, Inc.'s unbilled revenue has grown at a -100.0% compound annual growth rate (CAGR), from $127K to $0.
What does unbilled revenue mean?
Unbilled revenue represents the value of goods or services delivered to customers for which the company has earned the right to payment but has not yet issued a formal invoice. This metric reflects the timing difference between the completion of performance obligations and the billing cycle in service-heavy or logistics-intensive contracts. Monitoring this balance is essential for assessing working capital efficiency and the potential risk of delayed cash collection.