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SND (Smart Sand, Inc.) Stock Financials & Earnings | Market Cap Arena
SND
Smart Sand, Inc.
Mkt Cap
$156M
Energy
·
Oil & Gas Equipment & Services
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$330M
Net Income (TTM)
$1M
EPS (TTM)
$0.03
Free Cash Flow (TTM)
$33M
Gross Margin
11.5%
Op. Margin
-1.4%
Net Margin
0.4%
FCF Margin
9.9%
P/S Ratio (TTM)
0.5x
P/E Ratio (TTM)
116.2x
YoY Rev Growth
+6.0%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
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
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.5x
96.4x
Q2 23
0.5x
19.5x
Q3 23
0.5x
13.0x
Q4 23
0.5x
33.6x
Q1 24
0.5x
19.5x
Q2 24
0.5x
120.7x
Q3 24
0.6x
—
Q4 24
0.5x
52.2x
Q1 25
0.5x
—
Q2 25
0.5x
194.6x
Q3 25
0.5x
40.0x
Q4 25
0.5x
116.2x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$5M
$1M
Q2 23
$16M
$11M
Q3 23
$12M
$6M
Q4 23
-$3M
-$10M
Q1 24
-$4M
-$6M
Q2 24
$15M
$14M
Q3 24
$6M
$4M
Q4 24
$1M
-$840K
Q1 25
$9M
$5M
Q2 25
-$5M
-$8M
Q3 25
$18M
$15M
Q4 25
$22M
$20M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$4M
Q2 23
$5M
Q3 23
$7M
Q4 23
$7M
Q1 24
$2M
Q2 24
$1M
Q3 24
$2M
Q4 24
$2M
Q1 25
$4M
Q2 25
$3M
Q3 25
$3M
Q4 25
$2M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+97.9%
+62.9%
Q2 23
+8.8%
+6.5%
Q3 23
+7.4%
+6.1%
Q4 23
-16.1%
-3.2%
Q1 24
+0.9%
-2.0%
Q2 24
-1.3%
-2.0%
Q3 24
-17.9%
-5.4%
Q4 24
+47.5%
+25.6%
Q1 25
-21.1%
-11.7%
Q2 25
+16.2%
+22.2%
Q3 25
+46.9%
+28.4%
Q4 25
-5.8%
+1.1%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$786K
1.0%
Q2 23
$841K
1.1%
Q3 23
$865K
1.1%
Q4 23
$1M
1.7%
Q1 24
$648K
0.8%
Q2 24
$846K
1.1%
Q3 24
$872K
1.4%
Q4 24
$873K
1.0%
Q1 25
$940K
1.4%
Q2 25
$993K
1.2%
Q3 25
$919K
1.0%
Q4 25
$864K
1.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
SG&A
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
marketcaparena.com
Revenue Segments
Logistics
Sand
Shortfall Revenues
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
—
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
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
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
41M
-3.7%
Q2 23
38M
-8.0%
Q3 23
38M
+1.2%
Q4 23
38M
-0.2%
Q1 24
39M
+0.6%
Q2 24
39M
+0.4%
Q3 24
39M
+0.5%
Q4 24
39M
+1.4%
Q1 25
39M
-0.6%
Q2 25
39M
+0.3%
Q3 25
39M
-1.1%
Q4 25
40M
+1.6%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
—
—
FY 15
—
—
FY 16
$575K
103
FY 17
$693K
198
FY 18
$658K
323
FY 19
$818K
285
FY 20
$537K
228
FY 21
$530K
239
FY 22
$780K
328
FY 23
$783K
378
FY 24
$1M
285
FY 25
$1M
318
marketcaparena.com