SND (Smart Sand, Inc.) Stock Financials & Earnings

SNDSmart Sand, Inc.

Mkt Cap$156M

Revenue (TTM)$330M

Net Income (TTM)$1M

EPS (TTM)$0.03

Free Cash Flow (TTM)$33M

Gross Margin11.5%

Op. Margin-1.4%

Net Margin0.4%

FCF Margin9.9%

P/S Ratio (TTM)0.5x

P/E Ratio (TTM)116.2x

YoY Rev Growth+6.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$82M	$12M	-$2M
Q2 23	$75M	$13M	$3M
Q3 23	$77M	$14M	$5M
Q4 23	$62M	-$2M	-$8M
Q1 24	$83M	$12M	$784K
Q2 24	$74M	$13M	$4M
Q3 24	$63M	$6M	-$5M
Q4 24	$91M	$13M	$4M
Q1 25	$66M	$3M	-$7M
Q2 25	$86M	$9M	-$77K
Q3 25	$93M	$15M	$5M
Q4 25	$86M	$11M	-$3M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q1 23	—	$11M	—
Q2 23	—	$9M	—
Q3 23	—	$9M	—
Q4 23	—	—	$6M
Q1 24	—	$10M	—
Q4 24	$792K	—	—
Q1 25	—	$9M	—
Q3 25	—	—	$9M
Q4 25	—	—	$13M

Revenue Segments

Quarter	Logistics	Sand	Shortfall Revenues
Q1 23	$2M	$78M	$2M
Q2 23	$2M	$72M	—
Q3 23	$2M	$72M	$2M
Q4 23	$2M	$60M	—
Q1 24	—	$80M	—
Q2 24	—	$71M	—
Q3 24	—	$62M	—
Q4 24	—	$91M	—
Q1 25	—	$64M	—
Q2 25	—	$85M	—
Q3 25	—	$92M	—
Q4 25	—	$85M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$8M	$0	$8M
Q2 23	$5M	$0	$5M
Q3 23	$9M	$0	$9M
Q4 23	$6M	$0	$6M
Q1 24	$5M	$0	$5M
Q2 24	$6M	$0	$6M
Q3 24	$7M	$0	$7M
Q4 24	$2M	$0	$2M
Q1 25	$5M	$0	$5M
Q2 25	$4M	$0	$4M
Q3 25	$5M	$0	$5M
Q4 25	$23M	$0	$23M

Shares Outstanding

Revenue Per Employee

Revenue / Employee