Smart Sand, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Smart Sand, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $330.15M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $311.37M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $295.97M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $255.74M | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | $126.65M | Mar 11, 2024 |
| FY2020 | Dec 31, 2020 | $25.34M | Mar 3, 2021 |
| FY2020 | Sep 30, 2020 | $23.41M | Mar 3, 2021 |
| FY2020 | Jun 30, 2020 | $26.11M | Mar 3, 2021 |
| FY2020 | Mar 31, 2020 | $47.49M | Mar 3, 2021 |
| FY2020 | Dec 31, 2019 | $47.67M | Mar 3, 2021 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $295.97M | Mar 11, 2024 |
| FY2023 | Dec 31, 2022 | $255.74M | Mar 11, 2024 |
| FY2023 | Dec 31, 2021 | $126.65M | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | $122.34M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $233.07M | Mar 8, 2022 |
| FY2020 | Dec 31, 2018 | $212.47M | Mar 3, 2021 |
| FY2019 | Dec 31, 2017 | $137.21M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $59.0K | Mar 14, 2019 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $37.89M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $44.82M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $41.56M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $29.59M | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | ($15.91M) | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | $18.12M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $81.05M | Mar 8, 2022 |
| FY2020 | Dec 31, 2018 | $69.37M | Mar 3, 2021 |
| FY2019 | Dec 31, 2017 | $36.91M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $32.66M | Mar 14, 2019 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.35M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $2.99M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $4.65M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | ($703.0K) | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | ($50.67M) | Mar 11, 2024 |
| FY2020 | Dec 31, 2020 | ($2.88M) | Mar 3, 2021 |
| FY2020 | Sep 30, 2020 | $36.28M | Mar 3, 2021 |
| FY2020 | Jun 30, 2020 | $4.64M | Mar 3, 2021 |
| FY2020 | Mar 31, 2020 | ($84.0K) | Mar 3, 2021 |
| FY2020 | Dec 31, 2019 | $2.39M | Mar 3, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($4.46M) | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $3.00M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | ($1.50M) | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | ($3.13M) | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | ($63.49M) | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | ($13.02M) | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $43.48M | Mar 8, 2022 |
| FY2020 | Dec 31, 2018 | $27.68M | Mar 3, 2021 |
| FY2019 | Dec 31, 2017 | $18.71M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $20.39M | Mar 14, 2019 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $40.52M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $38.16M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $38.72M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $30.77M | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | $14.19M | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | $15.53M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $11.33M | Mar 8, 2022 |
| FY2020 | Dec 31, 2018 | $12.83M | Mar 3, 2021 |
| FY2019 | Dec 31, 2017 | $9.46M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $4.50M | Mar 14, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $44.12M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $17.86M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $30.99M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $5.42M | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | $32.44M | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | $25.54M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $44.63M | Mar 8, 2022 |
| FY2020 | Dec 31, 2018 | $50.91M | Mar 3, 2021 |
| FY2019 | Dec 31, 2017 | $15.63M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $26.70M | Mar 14, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $11.60M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $7.01M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $23.03M | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | $12.73M | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | $11.22M | Mar 11, 2024 |
| FY2022 | Dec 31, 2020 | $8.62M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $25.53M | Mar 8, 2022 |
| FY2020 | Dec 31, 2018 | $96.09M | Mar 3, 2021 |
| FY2019 | Dec 31, 2017 | $51.16M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $2.52M | Mar 14, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $340.01M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $341.55M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $346.30M | Mar 4, 2025 |
| FY2023 | Dec 31, 2022 | $360.00M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $374.02M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $427.68M | Mar 8, 2022 |
| FY2020 | Dec 31, 2019 | $363.40M | Mar 3, 2021 |
| FY2019 | Dec 31, 2018 | $320.29M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $246.80M | Mar 14, 2019 |
| FY2017 | Dec 31, 2016 | $173.45M | Mar 15, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $100.32M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $97.74M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $104.03M | Mar 4, 2025 |
| FY2023 | Dec 31, 2022 | $116.53M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $132.86M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $138.87M | Mar 8, 2022 |
| FY2020 | Dec 31, 2019 | $117.85M | Mar 3, 2021 |
| FY2019 | Dec 31, 2018 | $110.93M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $56.78M | Mar 14, 2019 |
| FY2017 | Dec 31, 2016 | $31.01M | Mar 15, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $239.70M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $243.81M | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | $242.27M | Feb 26, 2026 |
| FY2025 | Dec 31, 2022 | $243.47M | Feb 26, 2026 |
| FY2024 | Dec 31, 2021 | $241.16M | Mar 4, 2025 |
| FY2023 | Dec 31, 2020 | $288.81M | Mar 11, 2024 |
| FY2022 | Dec 31, 2019 | $245.56M | Feb 28, 2023 |
| FY2021 | Dec 31, 2018 | $210.77M | Mar 8, 2022 |
| FY2020 | Dec 31, 2017 | $190.02M | Mar 3, 2021 |
| FY2019 | Dec 31, 2016 | $142.44M | Feb 26, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2018 | Dec 31, 2018 | $0 | Mar 14, 2019 |
| FY2018 | Dec 31, 2017 | $0 | Mar 14, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $68.07M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $73.24M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $74.54M | Mar 4, 2025 |
| FY2023 | Dec 31, 2022 | $69.89M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $70.59M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $121.27M | Mar 8, 2022 |
| FY2020 | Dec 31, 2019 | $83.31M | Mar 3, 2021 |
| FY2019 | Dec 31, 2018 | $50.28M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $31.59M | Mar 14, 2019 |
| FY2017 | Dec 31, 2016 | $10.06M | Mar 15, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $22.55M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | $1.55M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | $6.07M | Mar 4, 2025 |
| FY2023 | Dec 31, 2022 | $5.51M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | $25.59M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $11.73M | Mar 8, 2022 |
| FY2020 | Dec 31, 2019 | $2.64M | Mar 3, 2021 |
| FY2019 | Dec 31, 2018 | $1.47M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $34.74M | Mar 14, 2019 |
| FY2017 | Dec 31, 2016 | $46.56M | Mar 15, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $14.99M | Feb 26, 2026 |
| FY2024 | Dec 31, 2024 | $14.69M | Mar 4, 2025 |
| FY2023 | Dec 31, 2023 | $20.18M | Mar 11, 2024 |
| FY2022 | Dec 31, 2022 | $17.82M | Feb 28, 2023 |
| FY2016 | Dec 31, 2016 | $570.0K | Mar 16, 2017 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | 0 | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | (1) | Mar 11, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Mar 3, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Mar 3, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Mar 3, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Mar 3, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Mar 3, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Feb 26, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Feb 26, 2026 |
| FY2024 | Dec 31, 2022 | 0 | Mar 4, 2025 |
| FY2023 | Dec 31, 2021 | (1) | Mar 11, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Mar 3, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Mar 3, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Mar 3, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Mar 3, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Mar 3, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 38.94M | Feb 26, 2026 |
| FY2025 | Dec 31, 2024 | 39.07M | Feb 26, 2026 |
| FY2024 | Dec 31, 2023 | 38.49M | Mar 4, 2025 |
| FY2023 | Dec 31, 2022 | 43.09M | Mar 11, 2024 |
| FY2022 | Dec 31, 2021 | 42.01M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | 41.58M | Mar 8, 2022 |
| FY2020 | Dec 31, 2019 | 40.23M | Mar 3, 2021 |
| FY2019 | Dec 31, 2018 | 39.97M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | 40.39M | Mar 14, 2019 |
| FY2017 | Dec 31, 2016 | 38.82M | Mar 15, 2018 |