Smart Sand, Inc. income statement

In fiscal 2025, Smart Sand, Inc. reported revenue of $330m, up 6.0% on the year before, operating income of −$4.5m (a -1.4% margin) and net income of $1.3m, or $0.03 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Smart Sand, Inc.: income statement, annual
Fiscal year	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	68	48	59	137	212	233	122	127	256	296	311	330	387
Cost of revenue	—	—	—	100	143	152	104	140	226	254	267	292	335
Gross profit	38	27	33	37	69	81	18	−16	30	42	45	38	52
Selling, general and administrative	7	5	5	9	13	11	16	14	31	39	38	41	42
Operating income	26	17	20	19	28	43	−13	−63	−3	−2	3	−4	8
Provision for credit losses	—	—	—	—	—	—	—	—	0	0	0	−0	—
Income before tax	17	9	20	19	26	39	25	−60	−4	−2	0	−6	7
Income tax	10	4	9	−3	6	8	−13	−9	−3	−7	−3	−7	−3
Net income	8	5	10	22	20	32	38	−51	−1	5	3	1	10
Diluted EPS	$0.29	$0.19	$0.42	$0.53	$0.50	$0.78	$0.94	−$1.21	−$0.02	$0.12	$0.08	$0.03	$0.26
Diluted shares (average)	26m	26m	25m	40m	40m	40m	40m	42m	42m	39m	39m	40m	40m
EBITDA	29	22	27	27	45	70	9	−38	23	26	32	25	24

US$ millions unless shown otherwise. Fiscal quarters.

Smart Sand, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	63	91	66	86	93	86	93	115
Cost of revenue	57	78	63	77	78	75	87	95
Gross profit	6	13	3	9	15	11	6	20
Selling, general and administrative	10	9	9	9	9	13	11	9
Operating income	−5	4	−7	−0	5	−3	−5	10
Income before tax	−5	3	−7	−0	5	−3	−5	10
Income tax	−5	−1	17	−22	2	−4	−1	0
Net income	−0	4	−24	21	3	1	−4	10
Diluted EPS	$0.00	$0.10	−$0.62	$0.54	$0.08	$0.03	−$0.10	$0.25
EBITDA	−4	11	0	1	6	5	3	11

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Smart Sand, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Smart Sand, Inc.