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Income statement, Smart Sand Inc, fiscal years, most recent first
2025
2024
2023
2022
2021
2020
Total revenue
330
311
296
256
127
122
Cost of revenue
292
267
254
226
143
104
Gross profit
37.9
44.8
41.6
29.6
−15.9
18.1
Selling, general & administrative expenses
40.5
38.2
38.7
30.5
45.6
24.6
Research & development
–
–
–
–
–
–
Depreciation/amortization
2.4
2.6
2.5
2.2
2.0
1.9
Interest expense (income), operating
–
–
–
–
–
–
Unusual expense (income)
−0.6
2.4
1.8
0
0
−35.0
Other operating expenses
0
0
0
0
0
0
Operating income
−4.5
1.7
−1.5
−3.1
−63.5
26.6
Net interest income (expense)
−1.5
−1.8
−1.3
−1.6
−2.0
−2.1
Gain (loss) on sale of assets
–
–
–
–
–
–
Other non-operating income (expense)
0.3
0.4
0.5
0.8
5.8
0.5
Net income before taxes
−5.6
0.3
−2.3
−3.9
−59.7
25.0
Provision for taxes
−6.9
−2.7
−6.9
−3.2
−9.0
−3.3
Minority interest
–
–
–
–
–
–
Equity in affiliates
–
–
–
–
–
–
U.S. GAAP adjustment
–
–
–
–
–
–
Net income before extraordinary items
1.3
3.0
4.6
−0.7
−50.7
28.3
Extraordinary items
–
–
–
–
–
9.7
Net income
1.3
3.0
4.6
−0.7
−50.7
38.0
EBIT, normalized
−4.0
5.8
0.9
−2.6
−62.9
−8.1
EBITDA, normalized
24.8
34.6
28.2
23.9
−36.8
14.4
Basic EPS, normalized
–
0.04
0.12
−0.02
−1.21
–
Balance sheet in millions of USD, fiscal years
Balance sheet, Smart Sand Inc, fiscal years, most recent first
2025
2024
2023
2022
2021
2020
Assets
Cash & short-term investments
22.6
1.6
6.1
5.5
25.6
11.7
Receivables
31.9
47.0
26.6
38.3
24.2
69.8
Total inventory
31.1
25.0
26.8
20.2
15.0
19.1
Prepaid expenses
2.6
1.9
2.4
3.9
9.1
11.4
Other current assets
0
0
0
0.2
0
0
Total current assets
88.1
75.5
61.9
68.1
73.9
112
Property, plant & equipment
247
260
278
285
292
307
Goodwill
–
–
–
–
–
–
Intangibles
4.3
5.1
5.9
6.7
7.5
8.3
Long-term investments
–
–
–
–
–
–
Note receivable
–
–
–
–
–
–
Other long-term assets
0.9
1.1
0.2
0.3
0.4
0.6
Total assets
340
342
346
360
374
428
Liabilities
Accounts payable
9.4
17.0
16.0
14.4
8.5
3.3
Payable/accrued
–
–
–
–
–
–
Accrued expenses
26.3
21.8
20.7
24.3
23.1
20.2
Short-term debt
0
0
0
0
0
0
Current portion of long-term debt
4.4
3.6
15.7
6.2
7.1
6.9
Other current liabilities
9.8
0.9
2.0
7.0
9.8
6.9
Total current liabilities
49.9
43.2
54.5
51.9
48.5
37.3
Long-term debt
8.7
9.1
3.4
9.8
15.4
22.4
Minority interest
–
–
–
–
–
–
Other liabilities
41.7
45.4
46.1
54.8
69.0
79.2
Total liabilities
100
97.7
104
117
133
139
Shareholders' equity
Preferred stock
–
–
–
–
–
–
Common stock
0
0
0
0
0
0
Additional paid-in capital
189
185
182
178
174
171
Retained earnings (accumulated deficit)
68.1
73.2
74.5
69.9
70.6
121
Treasury stock
−17.4
−14.7
−14.2
−5.1
−4.5
−4.1
Other equity
−0.1
−0.1
0
0.2
0.6
0.4
Total equity
240
244
242
243
241
289
Total liabilities & shareholders' equity
340
342
346
360
374
428
Cash flow statement in millions of USD, fiscal years
Cash flow statement, Smart Sand Inc, fiscal years, most recent first
2025
2024
2023
2022
2021
2020
Operating activities
Net income
1.3
3.0
4.6
−0.7
−50.7
38.0
Depreciation, depletion & amortization
29.0
28.7
27.4
26.5
25.4
22.5
Deferred taxes
−5.1
−2.8
−6.1
−4.2
−10.5
−2.6
Non-cash items
4.5
6.9
6.3
4.0
26.5
−30.8
Changes in working capital
14.5
−18.0
−1.2
−20.2
41.8
−1.6
Cash from operations
44.1
17.9
31.0
5.4
32.4
25.5
Investing activities
Capital expenditures
−11.6
−7.0
−23.0
−12.7
−11.2
−8.6
Other investing cash flows
0.7
0.1
0.1
−5.5
0.1
0.1
Cash from investing
−10.9
−6.9
−22.9
−18.2
−11.1
−8.6
Financing activities
Financing cash flow items
0
−1.2
0
0
−0.2
−0.3
Cash dividends paid
−5.9
−3.9
–
–
–
–
Issuance (retirement) of debt, net
–
–
–
–
–
–
Other financing cash flows
−6.3
−10.3
−7.5
−7.3
−7.3
−7.6
Cash from financing
−12.3
−15.5
−7.5
−7.3
−7.4
−7.9
Foreign exchange effects
–
–
–
0
–
–
Net change in cash
21.0
−4.5
0.6
−20.1
13.9
9.1
Free cash flow
32.5
10.9
8.0
−7.3
21.2
16.9
Disclaimer
The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.
This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.
QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.
Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.