Smart Sand, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $330.2M | $311.4M | $296.0M | $255.7M | $126.6M |
| Gross profit | $37.9M | $44.8M | $41.6M | $29.6M | -$15.9M |
| Operating income | -$4.5M | $3.0M | -$1.5M | -$3.1M | -$63.5M |
| Operating expenses | $42.3M | $41.8M | $43.1M | $32.7M | $47.6M |
| Cost of revenue | $292.3M | $266.5M | $254.4M | $226.1M | $140.4M |
| Cash from operations | $44.1M | $17.9M | $31.0M | $5.4M | $32.4M |
| Capital expenditure | $11.6M | $7.0M | $23.0M | $12.7M | $11.2M |
| Free cash flow | $32.5M | $10.9M | $8.0M | -$7.3M | $21.2M |
| Share repurchases | $628,000 | $422,000 | $0 | $540,000 | $401,000 |
| Impairments | $0 | $0 | $0 | $0 | $2.2M |
| Total assets | $340.0M | $341.5M | $346.3M | $360.0M | $374.0M |
| Total liabilities | $100.3M | $97.7M | $104.0M | $116.5M | $132.9M |
Shares outstanding 43.0M · Free float 40.1%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.