Smart Sand Inc Financials
This page shows Smart Sand Inc (SND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Smart Sand Inc has an operating margin of 1.0%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 5/100, suggesting thin profitability after operating expenses. This is up from -0.5% the prior year.
Smart Sand Inc's revenue grew 5.2% year-over-year to $311.4M, a solid pace of expansion. This earns a growth score of 43/100.
Smart Sand Inc carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Smart Sand Inc's current ratio of 1.75 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.
Smart Sand Inc's free cash flow margin of 3.5% results in a low score of 17/100. Capital expenditures of $7.0M absorb a large share of operating cash flow.
Smart Sand Inc generates a 1.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 5/100. This is down from 1.9% the prior year.
Smart Sand Inc scores 2.66, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Smart Sand Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Smart Sand Inc generates $5.97 in operating cash flow ($17.9M OCF vs $3.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Smart Sand Inc generated $311.4M in revenue in fiscal year 2024. This represents an increase of 5.2% from the prior year.
Smart Sand Inc's EBITDA was $5.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 443.2% from the prior year.
Smart Sand Inc generated $10.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 36.4% from the prior year.
Smart Sand Inc reported $3.0M in net income in fiscal year 2024. This represents a decrease of 35.6% from the prior year.
Smart Sand Inc earned $0.08 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 33.3% from the prior year.
Smart Sand Inc held $1.6M in cash against $9.1M in long-term debt as of fiscal year 2024.
Smart Sand Inc paid $0.10 per share in dividends in fiscal year 2024.
Smart Sand Inc had 39M shares outstanding in fiscal year 2024. This represents an increase of 1.5% from the prior year.
Smart Sand Inc's gross margin was 14.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
Smart Sand Inc's operating margin was 1.0% in fiscal year 2024, reflecting core business profitability. This is up 1.5 percentage points from the prior year.
Smart Sand Inc's net profit margin was 1.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.
Smart Sand Inc's ROE was 1.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.
Smart Sand Inc spent $422K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 91.1% from the prior year.
Smart Sand Inc invested $7.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 69.6% from the prior year.
SND Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $92.8M+8.2% | $85.8M+30.8% | $65.6M-28.2% | $91.4M+23.8% | $73.8M-11.1% | $83.1M+34.1% | $61.9M-19.4% | $76.9M |
| Cost of Revenue | $77.8M+1.3% | $76.8M+22.3% | $62.8M-19.4% | $77.9M+28.3% | $60.7M-14.8% | $71.2M+20.5% | $59.1M-5.4% | $62.5M |
| Gross Profit | $14.9M+66.7% | $9.0M+223.1% | $2.8M-79.4% | $13.5M+2.9% | $13.1M+10.7% | $11.8M+317.2% | $2.8M-80.3% | $14.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $9.1M-0.3% | $9.1M-1.4% | $9.2M+0.1% | $9.2M+4.1% | $8.9M-14.3% | $10.3M+2.6% | $10.1M+13.1% | $8.9M |
| Operating Income | $5.4M+7074.0% | -$77K+98.9% | -$7.0M-295.6% | $3.6M+2.2% | $3.5M+350.0% | $784K+109.9% | -$7.9M-260.5% | $4.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2.1M+109.6% | -$21.7M-228.0% | $17.0M+3236.4% | -$541K-123.2% | $2.3M+283.9% | $607K+118.2% | -$3.3M-77.3% | -$1.9M |
| Net Income | $3.0M-86.0% | $21.4M+188.3% | -$24.2M-748.6% | $3.7M+968.8% | -$430K-99.1% | -$216K+95.5% | -$4.8M-171.1% | $6.7M |
| EPS (Diluted) | $0.08-85.2% | $0.54+187.1% | $-0.62-720.0% | $0.10+1100.0% | $-0.010.0% | $-0.01+92.9% | $-0.14-177.8% | $0.18 |
SND Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $343.1M-0.8% | $345.8M+5.8% | $326.9M-4.3% | $341.5M-0.1% | $341.8M-2.1% | $349.3M+0.9% | $346.3M-0.1% | $346.5M |
| Current Assets | $84.0M+1.1% | $83.1M+23.6% | $67.2M-11.0% | $75.5M+16.6% | $64.8M-9.0% | $71.2M+15.0% | $61.9M+2.9% | $60.2M |
| Cash & Equivalents | $5.1M+18.4% | $4.3M-16.0% | $5.1M+228.7% | $1.6M-75.2% | $6.3M+36.1% | $4.6M-24.3% | $6.1M-34.8% | $9.3M |
| Inventory | $31.6M+10.3% | $28.7M+1.2% | $28.3M+13.0% | $25.0M+0.1% | $25.0M-2.2% | $25.6M-4.6% | $26.8M+3.3% | $26.0M |
| Accounts Receivable | $44.2M-6.3% | $47.2M+68.7% | $28.0M-31.8% | $41.0M+56.2% | $26.2M-30.4% | $37.7M+62.3% | $23.2M-3.3% | $24.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $103.2M-2.0% | $105.3M-1.5% | $107.0M+9.5% | $97.7M-1.2% | $99.0M-7.3% | $106.7M+2.6% | $104.0M+3.7% | $100.4M |
| Current Liabilities | $49.4M+10.2% | $44.8M+16.6% | $38.4M-11.1% | $43.2M+10.6% | $39.1M-34.1% | $59.3M+8.9% | $54.5M+21.7% | $44.7M |
| Long-Term Debt | $8.3M-52.8% | $17.6M+107.3% | $8.5M-7.0% | $9.1M-2.1% | $9.3M+281.6% | $2.4M-29.1% | $3.4M-50.0% | $6.9M |
| Total Equity | $239.9M-0.3% | $240.5M+9.4% | $219.9M-9.8% | $243.8M+0.4% | $242.9M+0.1% | $242.5M+0.1% | $242.3M-1.6% | $246.1M |
| Retained Earnings | $69.1M-1.9% | $70.4M+43.7% | $49.0M-33.1% | $73.2M-0.9% | $73.9M-0.6% | $74.3M-0.3% | $74.5M-6.0% | $79.3M |
SND Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $18.2M+453.5% | -$5.1M-158.9% | $8.7M+742.9% | $1.0M-93.0% | $14.9M+485.2% | -$3.9M-45.3% | -$2.7M-121.3% | $12.5M |
| Capital Expenditures | $3.4M+26.5% | $2.7M-24.3% | $3.5M+88.6% | $1.9M+38.5% | $1.4M-17.7% | $1.6M-76.2% | $6.9M+0.3% | $6.9M |
| Free Cash Flow | $14.8M+289.1% | -$7.8M-250.6% | $5.2M+717.6% | -$840K-106.2% | $13.5M+345.6% | -$5.5M+42.4% | -$9.6M-270.9% | $5.6M |
| Investing Cash Flow | -$3.4M-74.8% | -$1.9M+45.2% | -$3.5M-89.3% | -$1.9M-38.0% | -$1.4M+17.8% | -$1.6M+76.2% | -$6.9M-1.0% | -$6.8M |
| Financing Cash Flow | -$14.0M-323.5% | $6.3M+482.8% | -$1.6M+66.1% | -$4.8M+59.3% | -$11.9M-394.2% | $4.0M-36.2% | $6.3M+445.6% | -$1.8M |
| Dividends Paid | $3.9M+5304.2% | $72K+928.6% | $7K-99.8% | $3.9M | $0 | $0 | N/A | N/A |
| Share Buybacks | $207K | N/A | N/A | $47K-9.6% | $52K-69.4% | $170K+36.0% | $125K-16.7% | $150K |
SND Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.1%+5.7pp | 10.4%+6.2pp | 4.2%-10.5pp | 14.7%-3.0pp | 17.7%+3.5pp | 14.2%+9.7pp | 4.6%-14.2pp | 18.7% |
| Operating Margin | 5.8%+5.9pp | -0.1%+10.7pp | -10.8%-14.7pp | 3.9%-0.8pp | 4.8%+3.8pp | 0.9%+13.7pp | -12.8%-19.2pp | 6.4% |
| Net Margin | 3.2%-21.7pp | 24.9%+61.9pp | -37.0%-41.0pp | 4.1%+4.7pp | -0.6%-0.3pp | -0.3%+7.5pp | -7.7%-16.5pp | 8.8% |
| Return on Equity | 1.3%-7.6pp | 8.9% | N/A | 1.5% | N/A | N/A | N/A | 2.7% |
| Return on Assets | 0.9%-5.3pp | 6.2%+13.6pp | -7.4%-8.5pp | 1.1%+1.2pp | -0.1%-0.1pp | -0.1%+1.3pp | -1.4%-3.3pp | 1.9% |
| Current Ratio | 1.70-0.2 | 1.86+0.1 | 1.750.0 | 1.75+0.1 | 1.66+0.5 | 1.20+0.1 | 1.14-0.2 | 1.34 |
| Debt-to-Equity | 0.03-0.0 | 0.07+0.0 | 0.040.0 | 0.040.0 | 0.04+0.0 | 0.010.0 | 0.01-0.0 | 0.03 |
| FCF Margin | 15.9%+25.0pp | -9.1%-17.0pp | 7.9%+8.8pp | -0.9%-19.3pp | 18.3%+25.0pp | -6.6%+8.8pp | -15.4%-22.7pp | 7.3% |
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Frequently Asked Questions
What is Smart Sand Inc's annual revenue?
Smart Sand Inc (SND) reported $311.4M in total revenue for fiscal year 2024. This represents a 5.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Smart Sand Inc's revenue growing?
Smart Sand Inc (SND) revenue grew by 5.2% year-over-year, from $296.0M to $311.4M in fiscal year 2024.
Is Smart Sand Inc profitable?
Yes, Smart Sand Inc (SND) reported a net income of $3.0M in fiscal year 2024, with a net profit margin of 1.0%.
What is Smart Sand Inc's earnings per share (EPS)?
Smart Sand Inc (SND) reported diluted earnings per share of $0.08 for fiscal year 2024. This represents a -33.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Smart Sand Inc's EBITDA?
Smart Sand Inc (SND) had EBITDA of $5.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Smart Sand Inc have?
As of fiscal year 2024, Smart Sand Inc (SND) had $1.6M in cash and equivalents against $9.1M in long-term debt.
What is Smart Sand Inc's gross margin?
Smart Sand Inc (SND) had a gross margin of 14.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Smart Sand Inc's operating margin?
Smart Sand Inc (SND) had an operating margin of 1.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Smart Sand Inc's net profit margin?
Smart Sand Inc (SND) had a net profit margin of 1.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Smart Sand Inc pay dividends?
Yes, Smart Sand Inc (SND) paid $0.10 per share in dividends during fiscal year 2024.
What is Smart Sand Inc's return on equity (ROE)?
Smart Sand Inc (SND) has a return on equity of 1.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Smart Sand Inc's free cash flow?
Smart Sand Inc (SND) generated $10.9M in free cash flow during fiscal year 2024. This represents a 36.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Smart Sand Inc's operating cash flow?
Smart Sand Inc (SND) generated $17.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Smart Sand Inc's total assets?
Smart Sand Inc (SND) had $341.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Smart Sand Inc's capital expenditures?
Smart Sand Inc (SND) invested $7.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Smart Sand Inc buy back shares?
Yes, Smart Sand Inc (SND) spent $422K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Smart Sand Inc have outstanding?
Smart Sand Inc (SND) had 39M shares outstanding as of fiscal year 2024.
What is Smart Sand Inc's current ratio?
Smart Sand Inc (SND) had a current ratio of 1.75 as of fiscal year 2024, which is generally considered healthy.
What is Smart Sand Inc's debt-to-equity ratio?
Smart Sand Inc (SND) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Smart Sand Inc's return on assets (ROA)?
Smart Sand Inc (SND) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Smart Sand Inc's Altman Z-Score?
Smart Sand Inc (SND) has an Altman Z-Score of 2.66, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Smart Sand Inc's Piotroski F-Score?
Smart Sand Inc (SND) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Smart Sand Inc's earnings high quality?
Smart Sand Inc (SND) has an earnings quality ratio of 5.97x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Smart Sand Inc?
Smart Sand Inc (SND) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.