Smart Sand, Inc. Announces Third Quarter 2025 Results
Smart Sand (NASDAQ: SND) reported 3Q 2025 revenue $92.8M, tons sold ~1,472,000 (3% sequential, 24% YoY) and 3Q net income $3.0M or $0.08 per share. Contribution margin was $21.7M ($14.76/ton) and Adjusted EBITDA $13.6M. Cash flow from operations was $18.2M and free cash flow was $14.8M after $3.4M capex.
The quarter included a $4.4M contractual excess-tons payment. Company projects full-year 2025 volumes of 5.1–5.4M tons, full-year capex of $15–$17M (ex-acquisitions), and expects to be free cash flow positive in 2025. YTD shareholder returns total $6.4M via buybacks and a $0.10/share special dividend.
Smart Sand (NASDAQ: SND) ha riportato ricavi del 3T 2025 di $92.8M, tonnellate vendute ~1.472.000 (3% sequenziale, 24% YoY) e utile netto 3T di $3.0M o $0.08 per azione. Il margine di contribuzione è stato di $21.7M ($14.76/tonnellata) e l'EBITDA rettificato di $13.6M. Il flusso di cassa operativo è stato di $18.2M e il flusso di cassa libero è stato di $14.8M dopo un capex di $3.4M.
Il trimestre includeva un pagamento contrattuale per eccesso di tonnellate di $4.4M. L’azienda proietta volumi per l’intero 2025 di 5.1–5.4M ton, capex annuo di $15–$17M (escluse acquisizioni) e si aspetta di essere positiva in termini di free cash flow nel 2025. I rendimenti agli azionisti YTD ammontano a $6.4M tramite riacquisti di azioni e un dividendo speciale di $0.10/azione.
Smart Sand (NASDAQ: SND) reportó ingresos del 3T 2025 de $92.8M, toneladas vendidas ~1,472,000 (3% secuencial, 24% interanual) y beneficio neto del 3T de $3.0M o $0.08 por acción. El margen de contribución fue de $21.7M ($14.76/ton) y el EBITDA ajustado de $13.6M. Flujo de caja de operaciones de $18.2M y flujo de caja libre de $14.8M tras un capex de $3.4M.
El trimestre incluyó un pago contractual por exceso de toneladas de $4.4M. La compañía proyecta volúmenes para todo 2025 de 5.1–5.4M de toneladas, capex anual de $15–$17M (excluidas adquisiciones) y espera ser libre de flujo de efectivo positivo en 2025. Los retornos a accionistas YTD suman $6.4M mediante recompras y un dividendo especial de $0.10/acción.
Smart Sand (NASDAQ: SND)가 3분기 2025 매출 $92.8M, 판매 톤수 약 1,472,000톤 (전분기 대비 3%, 전년동기 대비 24%) 및 3분기 순이익 $3.0M 또는 주당 $0.08을 보고했습니다. 기여마진은 $21.7M ($/톤 $14.76) 이고 조정 EBITDA는 $13.6M였습니다. 영업현금흐름은 $18.2M, 세전 잉여현금흐름은 $14.8M로, capex $3.4M 차감 후입니다.
분기에는 $4.4M의 계약상 초과 톤 지급이 포함되었습니다. 회사는 2025년 연간 물량을 5.1–5.4M 톤, 연간 capex를 $15–$17M로 예상하며(인수 제외), 2025년에 자유현금흐름 positif를 기대합니다. 연초대주주 수익은 $6.4M으로 재매입 및 주당 특별배당 $0.10/주를 통해 발생했습니다.
Smart Sand (NASDAQ: SND) a annoncé un chiffre d’affaires du 3e trimestre 2025 de 92,8 M$, tonnages vendus d’environ 1 472 000 (3% séquentiel, 24% en glissement annuel) et un bénéfice net du 3e trimestre de 3,0 M$ ou 0,08 $ par action. La marge de contribution était de 21,7 M$ ($14,76/t) et l’EBITDA ajusté de 13,6 M$. Le flux de trésorerie opérationnel s’élevait à 18,2 M$ et le flux de trésorerie libre à 14,8 M$ après un capex de 3,4 M$.
Le trimestre comprenait un paiement de trop-tons contractuel de 4,4 M$. L’entreprise prévoit des volumes annuels 2025 de 5,1–5,4 Mt, un capex annuel de 15–17 M$ (hors acquisitions) et s’attend à être positif en flux de trésorerie libre en 2025. Le rendement aux actionnaires YTD s’élève à 6,4 M$ via des rachats et à un dividende spécial de 0,10 $/action.
Smart Sand (NASDAQ: SND) meldete für das 3Q 2025 Umsatz von 92,8 Mio. USD, verkaufte Tonnen ca. 1.472.000 (3% sequenziell, 24% YoY) und 3Q Nettogewinn von 3,0 Mio. USD bzw. 0,08 USD pro Aktie. Die Beitragsspanne betrug 21,7 Mio. USD ($14,76/Ton) und das bereinigte EBITDA 13,6 Mio. USD. Der operative Cashflow lag bei 18,2 Mio. USD und der freie Cashflow bei 14,8 Mio. USD nach 3,4 Mio. USD Capex.
Im Quartal war eine vertraglich bedingte Excess-Tons-Zahlung von 4,4 Mio. USD enthalten. Das Unternehmen prognostiziert für das Gesamtjahr 2025 Volumen von 5,1–5,4 Mio. Tonnen, jährlichen Capex von 15–17 Mio. USD (ohne Akquisitionen) und rechnet 2025 mit positivem Free Cash Flow. Year-to-Date belaufen sich die Aktionärsrenditen auf 6,4 Mio. USD durch Buybacks und eine Sonderdividende von 0,10 USD/Aktie.
Smart Sand (NASDAQ: SND) أبلغت عن إيرادات الربع الثالث 2025 بمقدار 92.8 مليون دولار، أطنان مباعة نحو 1,472,000 (بنسبة 3% على أساس تسلسلي، و24% على أساس سنوي) و
شمل الربع دفعة تعاقدية إضافية على حمولات فائقة بقيمة $4.4M. تتوقع الشركة أحجام كاملة لعام 2025 بين 5.1–5.4 مليون طن، ورأس مال تشغيلي كامل مقداره $15–$17M (دون الاستحواذات)، وتتوقع أن تكون التدفقات النقدية الحرة إيجابية في 2025. إجمالي العوائد للمساهمين حتى تاريخه للسنة حتى الآن يبلغ $6.4M من خلال إعادة شراء الأسهم وتوزيع خاص بسعر $0.10/سهم.
- Revenue $92.8M in 3Q 2025
- Tons sold 1,472,000 (+24% YoY)
- Adjusted EBITDA $13.6M in 3Q 2025
- Free cash flow $14.8M in 3Q 2025
- Guidance: volumes 5.1–5.4M tons for full-year 2025
- Freight and transloading costs increased sequentially and YoY
- $4.4M excess-tons payment bolstered quarterly results (non-recurring)
- Cost of goods sold $77.8M in 3Q 2025 due to higher volumes
- Quarterly net income volatility driven by non-cash deferred tax effects
Insights
Smart Sand reported stronger Q3 2025 results with rising volumes, positive free cash flow, and improved margins versus prior quarters.
Business delivered clear operational leverage: tons sold rose to ~1,472,000, driving
Key dependencies and risks include higher freight and transloading costs and income tax timing effects that materially swing GAAP net income. Liquidity looks intact with
-
3Q 2025 revenue of
$92.8 million -
3Q 2025 net income of
$3.0 million -
3Q 2025 cash flow provided by operations of
$18.2 million -
3Q 2025 contribution margin
$21.7 million -
3Q 2025 Adjusted EBITDA of
$13.6 million -
3Q 2025 free cash flow of
$14.8 million
"Smart Sand delivered another strong quarter with third quarter sales volumes, contribution margin, Adjusted EBITDA and free cash flow all increasing from second quarter results," stated Charles Young, Smart Sand's Chief Executive Officer.
"Our commitment to opening up new markets for our high quality Northern White sand continued to deliver strong results. In the third quarter, we had record sales volumes into
"Despite continued short term market volatility impacting oil and natural gas prices, we continue to see consistent activity in the primary markets we serve," said Charles Young. "We believe the long-term fundamentals for natural gas are strong. Smart Sand is well positioned to take advantage of the increasing need for increasing natural gas production to support growing LNG export capacity in both
"Fourth quarter demand has started off strong, but we do anticipate some potential seasonal slowdown as we approach year end," Charles Young continued. "For the year, we currently expect sales volumes to be in the 5.1 million to 5.4 million range and we expect to be free cash flow positive for the year."
"While continuing to grow our leading Northern White sand franchise, we remain committed to returning capital back to our shareholders. In August, we paid a
Third Quarter 2025 Highlights
In the third quarter of 2025, tons sold totaled approximately 1,472,000, compared to 1,424,000 tons in the second quarter of 2025 and 1,189,000 tons in the third quarter of 2024, reflecting a
Revenues in the third quarter of 2025 were
Cost of goods sold increased to
Gross profit for the third quarter of 2025 was
Operating expenses in the third quarter of 2025 were
Total other expenses for the third quarter of 2025 were
In the third quarter of 2025, the Company recorded a net income of
Contribution margin in the third quarter of 2025 was
The sequential and year over year increase in contribution margin and Adjusted EBITDA were primarily driven by higher sales volumes, higher average selling prices and the excess ton payment of
Net cash provided by operating activities in the third quarter of 2025 was
In the third quarter of 2025, free cash flow was
Liquidity
In the third quarter of 2025, the Company repurchased 13,627 shares of its common stock for
On July 23, 2025, the Company's board of directors declared a special cash dividend on the Company's common stock of
The Company's primary sources of liquidity include cash on hand, cash flow from operations, and available borrowings under the Company's FCB ABL Credit Facility. As of September 30, 2025, cash on hand was
Additional Information
Investors are invited to view the Company's Financial Statements and Investor Presentations at www.smartsand.com. The Company also welcomes calls or emails to the Company's CFO, Lee Beckelman, with any specific questions.
Forward-looking Statements
All statements in this news release other than statements of historical facts are forward-looking statements that contain the Company's current expectations about its future results, including the Company's expectations regarding future sales. The Company has attempted to identify any forward-looking statements by using words such as "expect," "will," "estimate," "believe" and other similar expressions. Although the Company believes that the expectations reflected and the assumptions or bases underlying its forward-looking statements are reasonable, the Company can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause actual results, events or financial positions to differ materially from those included within or implied by such forward-looking statements.
Factors that could cause actual results to differ materially from the results contemplated by such forward-looking statements include, but are not limited to, fluctuations in product demand, delays in the completion of certain expansion and improvement projects at the Company's existing facilities or failure to recognize the anticipated benefits of such projects, regulatory changes, adverse weather conditions, increased fuel prices, higher transportation costs, access to capital, increased competition, changes in economic or political conditions, and such other factors discussed or referenced in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed by the Company with the U.S. Securities and Exchange Commission ("SEC") on March 11, 2024, and in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed by the Company with the SEC on November 12, 2025.
The reader should not place undue reliance on the Company's forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.
About Smart Sand
Smart Sand is a fully integrated frac and industrial sand supply and services company, offering complete mine to wellsite proppant and logistic solutions to its frac sand customers, and a broad offering of products for industrial sand customers. The Company produces low-cost, high quality Northern White sand, which is a premium sand used as a proppant to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company's sand is also a high-quality product used in a variety of industrial applications, including glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf & landscaping, retail, recreation and more. The Company also offers logistics solutions to its customers through its in-basin transloading terminals and its SmartSystems wellsite storage capabilities. Smart Sand owns and operates premium sand mines and related processing facilities in
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SMART SAND, INC. |
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Three Months Ended |
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September 30, 2025 |
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June 30, 2025 |
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September 30, 2024 |
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(unaudited) |
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(unaudited) |
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(unaudited) |
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Revenues: |
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|
|
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Sand revenue |
$ 91,643 |
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$ 84,590 |
|
$ 62,232 |
|
SmartSystems revenue |
1,137 |
|
1,180 |
|
926 |
|
Total revenue |
92,780 |
|
85,770 |
|
63,158 |
|
Cost of goods sold: |
|
|
|
|
|
|
Sand cost of goods sold |
76,766 |
|
75,673 |
|
55,601 |
|
SmartSystems cost of goods sold |
1,079 |
|
1,140 |
|
1,070 |
|
Total cost of goods sold |
77,845 |
|
76,813 |
|
56,671 |
|
Gross profit |
14,935 |
|
8,957 |
|
6,487 |
|
Operating expenses: |
|
|
|
|
|
|
Selling, general and administrative |
9,086 |
|
9,110 |
|
9,703 |
|
Depreciation and amortization |
589 |
|
604 |
|
633 |
|
(Gain) loss on disposal of fixed asset, net |
(110) |
|
(680) |
|
1,063 |
|
Total operating expenses |
9,565 |
|
9,034 |
|
11,399 |
|
Operating income |
5,370 |
|
(77) |
|
(4,912) |
|
Other income (expenses): |
|
|
|
|
|
|
Loss on extinguishment of debt |
— |
|
— |
|
(31) |
|
Interest expense, net |
(320) |
|
(316) |
|
(344) |
|
Other income |
28 |
|
66 |
|
53 |
|
Total other expenses, net |
(292) |
|
(250) |
|
(322) |
|
Income (loss) before income tax expense (benefit) |
5,078 |
|
(327) |
|
(5,234) |
|
Income tax expense (benefit) |
2,076 |
|
(21,723) |
|
(5,136) |
|
Net income (loss) |
$ 3,002 |
|
$ 21,396 |
|
$ (98) |
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Net income (loss) per common share: |
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|
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|
Basic |
$ 0.08 |
|
$ 0.55 |
|
$ — |
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Diluted |
$ 0.08 |
|
$ 0.54 |
|
$ — |
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Weighted-average number of common shares: |
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|
|
|
|
|
Basic |
38,826 |
|
39,207 |
|
38,926 |
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Diluted |
38,951 |
|
39,378 |
|
38,926 |
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SMART SAND, INC. |
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September 30, 2025 |
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December 31, 2024 |
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(unaudited) |
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(in thousands) |
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Assets |
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Current assets: |
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Cash and cash equivalents |
$ 5,081 |
|
$ 1,554 |
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Accounts receivable |
44,190 |
|
40,981 |
|
Unbilled receivables |
— |
|
5,311 |
|
Inventory |
31,600 |
|
25,044 |
|
Prepaid expenses and other current assets |
3,148 |
|
2,635 |
|
Total current assets |
84,019 |
|
75,525 |
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Property, plant and equipment, net |
227,638 |
|
236,692 |
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Operating lease right-of-use assets |
26,014 |
|
23,153 |
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Intangible assets, net |
4,490 |
|
5,084 |
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Other assets |
912 |
|
1,092 |
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Total assets |
$ 343,073 |
|
$ 341,546 |
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Liabilities and Stockholders' Equity |
|
|
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Current liabilities: |
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|
|
|
Accounts payable |
$ 9,512 |
|
$ 16,988 |
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Accrued expenses and other liabilities |
25,681 |
|
12,561 |
|
Deferred revenue |
— |
|
54 |
|
Current portion of long-term debt |
4,282 |
|
3,554 |
|
Current portion of operating lease liabilities |
9,885 |
|
10,053 |
|
Total current liabilities |
49,360 |
|
43,210 |
|
Long-term debt |
8,312 |
|
9,130 |
|
Long-term operating lease liabilities |
16,109 |
|
14,486 |
|
Deferred tax liabilities, net |
6,735 |
|
9,316 |
|
Asset retirement obligations |
22,124 |
|
21,292 |
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Other non-current liabilities |
560 |
|
302 |
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Total liabilities |
103,200 |
|
97,736 |
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Commitments and contingencies |
|
|
|
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Stockholders' equity |
|
|
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Common stock |
39 |
|
39 |
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Treasury stock |
(17,344) |
|
(14,671) |
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Additional paid-in capital |
188,162 |
|
185,263 |
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Retained earnings |
69,072 |
|
73,239 |
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Accumulated other comprehensive loss |
(56) |
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(60) |
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Total stockholders' equity |
239,873 |
|
243,810 |
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Total liabilities and stockholders' equity |
$ 343,073 |
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$ 341,546 |
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SMART SAND, INC.CONSOLIDATED |
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Three Months Ended |
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September 30, 2025 |
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June 30, 2025 |
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September 30, 2024 |
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(unaudited) |
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(unaudited) |
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(unaudited) |
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(in thousands) |
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Operating activities: |
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|
|
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Net income (loss) |
$ 3,002 |
|
$ 21,396 |
|
$ (98) |
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Adjustments to reconcile net income to net cash provided by |
|
|
|
|
|
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Depreciation, depletion and accretion of asset retirement |
7,252 |
|
7,305 |
|
6,594 |
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Amortization of intangible assets |
198 |
|
198 |
|
198 |
|
Loss (gain) on disposal of fixed assets |
(110) |
|
(680) |
|
1,063 |
|
Amortization of deferred financing cost |
65 |
|
75 |
|
36 |
|
Loss on extinguishment of debt |
— |
|
— |
|
31 |
|
Provision for bad debt |
41 |
|
— |
|
— |
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Deferred income taxes |
2,029 |
|
(21,273) |
|
(5,144) |
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Stock-based compensation |
914 |
|
987 |
|
866 |
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Employee stock purchase plan compensation |
5 |
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6 |
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6 |
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Changes in assets and liabilities: |
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|
|
|
|
|
Accounts receivable |
2,945 |
|
(19,210) |
|
2,068 |
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Unbilled receivables |
1 |
|
2,902 |
|
1,590 |
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Inventory |
(2,940) |
|
(351) |
|
(2,808) |
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Prepaid expenses and other assets |
(1,189) |
|
923 |
|
(157) |
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Deferred revenue |
(18) |
|
(459) |
|
714 |
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Accounts payable |
(5,690) |
|
2,777 |
|
1,028 |
|
Accrued and other expenses |
11,655 |
|
267 |
|
(177) |
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Net cash provided by (used in) operating activities |
18,160 |
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(5,137) |
|
5,810 |
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Investing activities: |
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|
|
|
Purchases of property, plant and equipment |
(3,385) |
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(2,676) |
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(2,135) |
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Proceeds from disposal of assets |
— |
|
739 |
|
79 |
|
Net cash used in investing activities |
(3,385) |
|
(1,937) |
|
(2,056) |
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Financing activities: |
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|
|
|
|
|
Dividend payments to shareholders |
(3,891) |
|
(72) |
|
— |
|
Proceeds from the issuance of notes payable |
— |
|
— |
|
646 |
|
Repayments of notes payable |
(822) |
|
(807) |
|
(636) |
|
Payments under finance leases |
(59) |
|
(54) |
|
(53) |
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Payment of deferred financing and debt issuance costs |
— |
|
(10) |
|
(626) |
|
Proceeds from revolving credit facility |
8,000 |
|
14,000 |
|
1,975 |
|
Repayment of revolving credit facility |
(17,000) |
|
(5,000) |
|
(3,975) |
|
Proceeds from equity issuance |
21 |
|
— |
|
26 |
|
Repurchase of treasury stock from restricted stock vesting |
(208) |
|
(36) |
|
(153) |
|
Repurchase of treasury stock from Repurchase Program |
(28) |
|
(1,762) |
|
— |
|
Net cash (used in) provided by financing activities |
(13,987) |
|
6,259 |
|
(2,796) |
|
Net increase (decrease) in cash and cash equivalents |
788 |
|
(815) |
|
958 |
|
Cash and cash equivalents at beginning of period |
4,293 |
|
5,108 |
|
6,257 |
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Cash and cash equivalents at end of period |
$ 5,081 |
|
$ 4,293 |
|
$ 7,215 |
Non-GAAP Financial Measures
Contribution Margin
The Company also uses contribution margin, which is defined as total revenues less costs of goods sold excluding depreciation, depletion and accretion of asset retirement obligations, to measure its financial and operating performance. Contribution margin excludes other operating expenses and income, including costs not directly associated with the operations of the Company's business such as accounting, human resources, information technology, legal, sales and other administrative activities.
Management believes that reporting contribution margin and contribution margin per ton sold provides useful performance metrics to management and external users of the Company's financial statements, such as investors and commercial banks, because these metrics provide an operating and financial measure of the Company's ability, as a combined business, to generate margin in excess of its operating cost base.
Gross profit is the GAAP measure most directly comparable to contribution margin. Contribution margin should not be considered an alternative to gross profit presented in accordance with GAAP. Because contribution margin may be defined differently by other companies in the industry, the Company's definition of contribution margin may not be comparable to similarly titled measures of other companies, thereby diminishing its utility. The following table presents a reconciliation of gross profit to contribution margin.
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Three Months Ended |
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September 30, 2025 |
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June 30, 2025 |
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September 30, 2024 |
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(in thousands, except per ton amounts) |
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Revenue |
$ 92,780 |
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$ 85,770 |
|
$ 63,158 |
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Cost of goods sold |
77,845 |
|
76,813 |
|
56,671 |
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Gross profit |
14,935 |
|
8,957 |
|
6,487 |
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Depreciation, depletion, and accretion of asset retirement |
6,786 |
|
6,827 |
|
6,700 |
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Contribution margin |
$ 21,721 |
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$ 15,784 |
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$ 13,187 |
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Contribution margin per ton |
$ 14.76 |
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$ 11.08 |
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$ 11.09 |
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Total tons sold |
1,472 |
|
1,424 |
|
1,189 |
EBITDA and Adjusted EBITDA
EBITDA is defined as net income, plus: (i) depreciation, depletion and amortization expense; (ii) income tax expense (benefit) and other results of operations based taxes; and (iii) interest expense. Adjusted EBITDA is defined as EBITDA, plus: (i) gain or loss on sale of fixed assets or discontinued operations; (ii) integration and transition costs associated with specified transactions; (iii) equity compensation; (iv) acquisition and development costs; (v) non-recurring cash charges related to restructuring, retention and other similar actions; (vi) earn-out, contingent consideration obligations; and (vii) non-cash charges and unusual or non-recurring charges. Adjusted EBITDA is used as a supplemental financial measure by management and by external users of the Company's financial statements, such as investors and commercial banks, to assess:
- the financial performance of the Company's assets without regard to the impact of financing methods, capital structure or historical cost basis of such assets;
- the viability of capital expenditure projects and the overall rates of return on alternative investment opportunities;
- the Company's ability to incur and service debt and fund capital expenditures;
- the Company's operating performance as compared to those of other companies in its industry without regard to the impact of financing methods or capital structure; and
- the Company's debt covenant compliance, as Adjusted EBITDA is a key component of critical covenants to the FCB ABL Credit Facility.
Management believes that the presentation of EBITDA and Adjusted EBITDA will provide useful information to investors in assessing the Company's financial condition and results of operations. Net income is the GAAP measure most directly comparable to EBITDA and Adjusted EBITDA. EBITDA and Adjusted EBITDA should not be considered alternatives to net income presented in accordance with GAAP. Because EBITDA and Adjusted EBITDA may be defined differently by other companies in the Company's industry, the Company's definitions of EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. The following table presents a reconciliation of net (loss) income to EBITDA and Adjusted EBITDA for each of the periods indicated.
|
|
Three Months Ended |
||||
|
|
September 30, 2025 |
|
June 30, 2025 |
|
September 30, 2024 |
|
|
(in thousands) |
||||
|
Net income (loss) |
$ 3,002 |
|
$ 21,396 |
|
$ (98) |
|
Depreciation, depletion and amortization |
7,179 |
|
7,236 |
|
7,161 |
|
Income tax expense (benefit) and other taxes |
2,076 |
|
(21,723) |
|
(5,136) |
|
Interest expense |
364 |
|
344 |
|
383 |
|
EBITDA |
$ 12,621 |
|
$ 7,253 |
|
$ 2,310 |
|
Net (gain) loss on disposal of fixed assets |
(110) |
|
(680) |
|
1,063 |
|
Equity compensation |
834 |
|
909 |
|
765 |
|
Acquisition and development costs |
— |
|
— |
|
8 |
|
Loss on extinguishment of debt |
— |
|
— |
|
31 |
|
Cash charges related to restructuring and retention |
— |
|
— |
|
— |
|
Accretion of asset retirement obligations |
269 |
|
269 |
|
249 |
|
Bank and legal costs related to financing not closed |
— |
|
— |
|
1,294 |
|
Adjusted EBITDA |
$ 13,614 |
|
$ 7,751 |
|
$ 5,720 |
|
|
|
|
|
|
|
Free Cash Flow
Free cash flow, which is defined as net cash provided by operating activities less purchases of property, plant and equipment, is used as a supplemental financial measure by the Company's management and by external users of the Company's financial statements, such as investors and commercial banks, to measure the liquidity of its business.
Net cash provided by operating activities is the GAAP measure most directly comparable to free cash flow. Free cash flow should not be considered an alternative to net cash provided by operating activities presented in accordance with GAAP. Because free cash flows may be defined differently by other companies in the Company's industry, the Company's definition of free cash flow may not be comparable to similarly titled measures of other companies, thereby diminishing its utility. The following table presents a reconciliation of net cash provided by operating activities to free cash flow.
|
|
Three Months Ended |
||||
|
|
September 30, 2025 |
|
June 30, 2025 |
|
September 30, 2024 |
|
|
(in thousands) |
||||
|
Net cash provided by (used in) operating activities |
$ 18,159 |
|
$ (5,137) |
|
$ 5,810 |
|
Purchases of property, plant and equipment |
(3,385) |
|
(2,676) |
|
(2,135) |
|
Free cash flow |
$ 14,774 |
|
$ (7,813) |
|
$ 3,675 |
Investor Contacts:
Lee Beckelman
Chief Financial Officer
(281) 231-2660
lbeckelman@smartsand.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/smart-sand-inc-announces-third-quarter-2025-results-302613018.html
SOURCE Smart Sand, Inc.
FAQ
What did Smart Sand (SND) report for 3Q 2025 revenue and net income?
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