SND on Nasdaq

Smart Sand, Inc.

American Mining and Quarrying of Nonmetallic Minerals company. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerSND on Nasdaq2
  • IndustryMining & Quarrying of Nonmetallic Minerals (No Fuels)2
  • HeadquartersThe Woodlands, United States2
  • Incorporated inDE3
  • Business address1000 Floral Vale Boulevard, Suite 225, Yardley, Pa 190673
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300JISW1T66DVOK232
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 50127722

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The following definitions apply throughout this annual report unless the context requires otherwise:4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

11.5%Gross margin5
-1.4%Operating margin5
0.4%Net margin5
6.0%Revenue growth, 20255
0.6%Return on equity5
0.04×Debt to equity5
$32.5MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Sand brought in 99% of the revenue Smart Sand, Inc. broke down this way in fiscal 2025.

  1. Sand$325.8M599%up 7% from 2024
  2. Smart Systems$4.4M51%down 44% from 2024
Products and services by year
Products and services202320242025
Sand$287.5M$303.6M$325.8M
Smart Systems$8.5M$7.8M$4.4M

Business segments

Sand brought in 99% of the revenue Smart Sand, Inc. broke down this way in fiscal 2025.

  1. Sand$325.8M599%up 7% from 2024
  2. SmartSystems$4.4M51%down 44% from 2024
Business segments by year
Business segments202320242025
Sand$287.5M$303.6M$325.8M
SmartSystems$8.5M$7.8M$4.4M

Regions

United States brought in 90% of the revenue Smart Sand, Inc. broke down this way in fiscal 2025.

  1. United States$298.3M590%down 4% from 2024
  2. Canada$31.9M510%up 1579% from 2024
Regions by year
Regions202320242025
United States$295.1M$309.5M$298.3M
Canada$865.0K$1.9M$31.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue86¢$292.3M
  • Selling, general and admin12¢$40.5M
  • Income tax2¢$6.9M
  • Profit0¢$1.3M

Out of $330.2M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending26¢$11.6M
  • Dividends paid13¢$5.9M
  • Share buybacks1¢$628.0K
  • Kept or used elsewhere59¢$25.9M

Out of $44.1M of cash from operations.5

Financial statements

Revenue6785$330.2M in 2025+42% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $233.1M$233.1M20192020: $122.3M$122.3M2020−48%2021: $126.6M$126.6M2021+4%2022: $255.7M$255.7M2022+102%2023: $296.0M$296.0M2023+16%2024: $311.4M$311.4M2024+5%2025: $330.2M$330.2M2025+6%
Gross profit67895$37.9M in 2025−53% since 2019
-$25.0M0$25.0M$50.0M$75.0M$100.0M2019: $81.1M$81.1M20192020: $18.1M$18.1M2020−78%2021: -$15.9M-$15.9M20212022: $29.6M$29.6M20222023: $41.6M$41.6M2023+40%2024: $44.8M$44.8M2024+8%2025: $37.9M$37.9M2025−15%
Operating income67895-$4.5M in 2025
-$100.0M-$50.0M0$50.0M2019: $43.5M$43.5M20192020: -$13.0M-$13.0M20202021: -$63.5M-$63.5M2021+388%2022: -$3.1M-$3.1M2022−95%2023: -$1.5M-$1.5M2023−52%2024: $3.0M$3.0M20242025: -$4.5M-$4.5M2025
Net income67895$1.3M in 2025−96% since 2019
-$75.0M-$50.0M-$25.0M0$25.0M$50.0M2019: $31.6M$31.6M20192020: $38.0M$38.0M2020+20%2021: -$50.7M-$50.7M20212022: -$703.0K-$703.0K2022−99%2023: $4.6M$4.6M20232024: $3.0M$3.0M2024−36%2025: $1.3M$1.3M2025−55%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Total revenue$330.2M$311.4M$296.0M
Total cost of goods sold$292.3M$266.5M$254.4M
Gross profit$37.9M$44.8M$41.6M
Selling, general and administrative$40.5M$38.2M$38.7M
Depreciation and amortization$2.4M$2.6M$2.5M
(Gain) loss on disposal of fixed assets, net-$566.0K$1.1M$1.8M
Total operating expenses$42.3M$41.8M$43.1M
Operating income (loss)-$4.5M$3.0M-$1.5M
Interest expense, net-$1.5M-$1.8M-$1.3M
Loss on extinguishment of debt$0-$1.3M$0
Other income$343.0K$358.0K$524.0K
Total other (expenses), net-$1.1M-$2.8M-$748.0K
(Loss) income before income tax benefit (expense)-$5.6M$252.0K-$2.3M
Income tax (benefit) expense-$6.9M-$2.7M-$6.9M
Net income$1.3M$3.0M$4.6M
Basic (in dollars per share)$0.03$0.08$0.12
Diluted (in dollars per share)$0.03$0.08$0.12
Basic (in shares)39.0M shares38.8M shares38.9M shares
Diluted (in shares)39.6M shares39.1M shares39.0M shares

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Leadership

Who has led Smart Sand, Inc., and when. Pick a name to see everywhere that person has worked.

President

  1. Richard J. Shearer2021–2023

Chief financial officer

  1. Lee E. Beckelman2016–now
20202025
Board members and other officers (10)

Timeline

  1. Jul 19, 2011Founded Smart Sand, Inc. is founded2

Filings

364 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 48 major events, 240 insider forms, 10 large holders, 46 other. The latest 20:

  1. Sep 3, 20268-K EDGAR
  2. Aug 25, 20268-K/A EDGAR
  3. Aug 24, 20264 EDGAR
  4. Aug 20, 20264 EDGAR
  5. Aug 20, 20264 EDGAR
  6. Aug 20, 20264 EDGAR
  7. Aug 20, 20264 EDGAR
  8. Aug 20, 20264 EDGAR
  9. Aug 20, 20264 EDGAR
  10. Aug 20, 20264 EDGAR
  11. Aug 20, 20264 EDGAR
  12. Aug 20, 20264 EDGAR
  13. Aug 20, 20264 EDGAR
  14. Aug 20, 20264 EDGAR
  15. Aug 19, 20264 EDGAR
  16. Aug 19, 2026144 EDGAR
  17. Aug 19, 20264 EDGAR
  18. Aug 17, 2026144 EDGAR
  19. Aug 17, 20264 EDGAR
  20. Aug 17, 20264 EDGAR

The 364 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

42 open-market trades by officers, directors and large owners since October 2021: 9 buys and 33 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 24, 2026Young James DouglasSEE REMARKSSale2,236$4.70$10.5KForm 4
Aug 21, 2026Young James DouglasSEE REMARKSSale19,078$4.83$92.1KForm 4
Aug 20, 2026Young James DouglasSEE REMARKSSale25,716$4.83$124.2KForm 4
Aug 19, 2026Young James DouglasSEE REMARKSSale11,669$4.84$56.5KForm 4
Aug 19, 2026Beckelman Lee EChief Financial OfficerSale50,000$4.79$239.5KForm 4
Aug 18, 2026Young James DouglasSEE REMARKSSale16,301$4.93$80.4KForm 4
Aug 17, 2026Spurlin SharonDirectorSale2,700$5.10$13.8KForm 4
Aug 14, 2026Green Christopher M.Vice President of AccountingSale13,874$5.06$70.2KForm 4
Aug 14, 2026Spurlin SharonDirectorSale15,000$5.06$75.9KForm 4
May 29, 2026WHELAN RONALD PSEE REMARKSBuy4,444$4.50$20.0KForm 4
May 26, 2026Spurlin SharonDirectorSale50,000$4.93$246.5KForm 4
Mar 11, 2026Pawlenty TimothyDirectorSale27,975$3.66$102.4KForm 4
Mar 10, 2026Porcelli Francis MichaelDirectorSale75,000$3.87$290.2KForm 4
Mar 9, 2026Porcelli Francis MichaelDirectorSale50,000$3.78$189.0KForm 4
Mar 5, 2026Porcelli Francis MichaelDirectorSale150,000$4.02$603.0KForm 4
Mar 4, 2026Porcelli Francis MichaelDirectorSale100,000$4.03$403.0KForm 4
Nov 28, 2025WHELAN RONALD PSEE REMARKSBuy4,325$2.91$12.6KForm 4
Nov 26, 2025WHELAN RONALD PSEE REMARKSBuy3,333$2.94$9.8KForm 4
Sep 5, 2025YOUNG CHARLES EDWINCEOBuy20,000$1.91$38.2KForm 4
Sep 4, 2025YOUNG CHARLES EDWINCEOBuy8,401$1.92$16.1KForm 4

All 42 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Charles Edwin YoungSCHEDULE 13G/A, 4 filings Feb 14, 2022 to Aug 13, 202625
  • Jeffrey L. GendellSCHEDULE 13G/A, 3 filings Sep 19, 2025 to May 15, 202626
  • CLEARLAKE CAPITAL GROUP, L.P.SC 13G/A, 3 filings Feb 14, 2022 to Mar 15, 202327

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 91. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Gendell Jeffrey L3,437,474$17.2M0.2%+310,559
BlackRock, Inc.2,012,494$10.1M0.0%+1,528,716
Vanguard Capital Management LLC1,069,704$5.4M0.0%−114,204
Dimensional Fund Advisors LP883,817$4.4M0.0%+85,008
Geode Capital Management, LLC843,240$4.2M0.0%+410,284
Bridgeway Capital Management, LLC803,837$4.0M0.1%+18,921
Sprott Inc.750,000$3.8M0.1%No change
Arrowstreet Capital, Limited Partnership657,000$3.3M0.0%−141,823
Simcoe Capital LLC620,962$3.1M1.9%+773
O'shaughnessy Asset Management, LLC480,289$2.4M0.0%+130,055
American Century Companies Inc477,499$2.4M0.0%+257,998
Jb Capital Partners LP460,000$2.3M0.3%No change
Two Sigma Investments, LP394,970$2.0M0.0%+206,814
State Street Corp370,443$1.9M0.0%+210,646
Ritholtz Wealth Management341,106$1.7M0.0%+63,708
Invesco Ltd.339,139$1.7M0.0%New
Empowered Funds, LLC255,919$1.3M0.0%+18,921
Northern Trust Corp232,638$1.2M0.0%+164,872
WINTON GROUP Ltd220,575$1.1M0.0%+58,870
Vanguard Portfolio Management LLC204,507$1.0M0.0%New
Vanguard Fiduciary Trust Co195,706$980.5K0.0%+24,335
Sei Investments Co180,559$904.6K0.0%−151,976
Informed Momentum Co LLC171,938$861.4K0.1%−68,203
Round Rock Advisors LLC162,334$813.3K0.1%New
Adage Capital Partners Gp, L.l.c.150,000$751.5K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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