Every 10-Q that Smart Sand, Inc. (SND) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SND and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SND filings page.
Smart Sand, Inc. reported substantially stronger operating results for the three and six months ended June 30, 2026, driven by higher frac and industrial sand volumes. Quarterly revenue rose to $115.1 million from $85.8 million as tons sold increased about 31% and pricing was slightly higher. Gross profit more than doubled to $19.8 million, and contribution margin per ton improved to $14.54.
For the six‑month period, revenue grew to $208.2 million from $151.3 million, with gross profit of $25.9 million and adjusted EBITDA of $22.4 million versus $9.2 million a year earlier. Net income was $10.2 million for the quarter and $6.3 million year‑to‑date, reflecting strong operations but a smaller tax benefit than in 2025. Cash and cash equivalents were $10.2 million, and the company had $30.0 million available under its FCB ABL Credit Facility with no outstanding borrowings.
The company continued capital investment, spending $7.0 million on property, plant and equipment in the first half, and returned capital through $0.10‑per‑share special dividends and share repurchases under a new $20 million authorization. SmartSystems revenue declined year‑to‑date and operated at a small loss, while customer and vendor concentration remained elevated.
Smart Sand, Inc. reported much stronger results for the quarter ended March 31, 2026. Revenue rose to $93.1 million from $65.6 million, driven by about 40% higher sand volumes sold at slightly better pricing. Tons sold increased to roughly 1.49 million from 1.07 million.
Gross profit improved to $6.1 million, and net loss narrowed sharply to $3.9 million from $24.2 million, helped by a much lower tax charge. Adjusted EBITDA increased to $3.8 million from $1.4 million. Free cash flow was $0.8 million, down from $5.2 million, mainly because prior customer prepayments were recognized as revenue.
Liquidity remained solid with $19.5 million of cash and $30.0 million of undrawn capacity on the FCB ABL Credit Facility. The company declared a special dividend of $0.10 per share, returning about $3.9 million, and authorized a new $20.0 million share repurchase program following completion of a $10.0 million program.
Smart Sand, Inc. reported third‑quarter 2025 results showing stronger activity and a return to profitability. Revenue rose to $92.8 million from $63.2 million a year ago, driven by higher sand volumes and delivery‑mix pricing, while sand revenue included $4.4 million in contractual charges recognized under ASC 606. Gross profit increased to $14.9 million and operating expenses fell to $9.6 million, producing net income of $3.0 million (diluted EPS $0.08) versus a slight loss last year.
For the first nine months, revenue was $244.1 million and net income was $0.2 million. Operating cash flow reached $21.7 million, funding capital expenditures of $9.6 million. The company ended the quarter with $5.1 million in cash, long‑term debt of $8.3 million, and $30.0 million available on its ABL facility with no borrowings. Q3 sand volumes were about 1.472 million tons. Shares outstanding were 38,897,415 at September 30, 2025; 43,543,792 were outstanding as of November 4, 2025.
Smart Sand, Inc. (SND) reported quarterly revenue of $85.8 million for Q2 2025, up from $73.8 million a year earlier, driven by higher sand volumes (approximately 1,424,000 tons) and higher average selling prices due largely to delivery location mix. Gross profit for the quarter was $8.96 million and contribution margin was $15.8 million, or $11.08 per ton. The company recorded net income of $21.4 million for the quarter, largely reflecting a significant income tax benefit recorded in the period. Adjusted EBITDA was $7.8 million for Q2 2025.
For the six months ended June 30, 2025, revenue was $151.3 million with a net loss of $2.8 million and adjusted EBITDA of $9.2 million. Free cash flow was negative: $(7.8) million for the quarter and $(2.6) million year-to-date. At June 30, 2025, cash was $4.3 million and the company had $21.0 million of undrawn availability under its FCB ABL Credit Facility with $9.0 million outstanding. Total long-term debt was $17.6 million, VFI Equipment Financing outstanding was $7.5 million, and asset retirement obligations were $21.85 million. Customer concentration remains material: three customers represent 50% of accounts and unbilled receivables. A subsequent special dividend of $0.10 per share was declared to be paid August 14, 2025, totaling approximately $4.35 million.