Mining & Quarrying of Nonmetallic Minerals (No Fuels) · SIC 1400

Smart Sand, Inc.

SND

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Latest revenue

$93.1M

as of 2026-03-31

Latest net income

$-3.9M

as of 2026-03-31

Net margin

-4.1%

as of 2026-03-31

Price · 5Y

+16.9% / yr 3.2 pts / yr vs S&P 500 118.1% total
Compare:

Live market

delayed ≤15 min
$4.91
0.41%
Market cap
$211.1M
Enterprise value
$211.1M
P/E (trailing)
156.9×
Forward P/E
P/B
Dividend yield
5.1%
52-wk high
$5.84
52-wk low
$1.76
Beta
Shares out
43.0M

5-year trend

What this company does

AI

ITEM 1. — BUSINESS The Company We are a fully integrated frac and industrial sand supply and services company. We offer complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. We produce low-cost, high quality Northern White sand, which is a premium sand used as a proppant to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells and for a variety of industrial applications. We also offer proppant logistics solutions to our customers through our in-basin transloading terminals and our SmartSystemsTM wellsite proppant storage capabilities. In recent years, we have expanded our product line to offer Industrial Products…

AI summary unavailable — showing raw filing excerpt

Generated from SND's filing dated 2026-02-26

Key risks

AI

ITEM 1A. — RISK FACTORS Risks Inherent in Our Business Our business and financial performance depend on the level of activity in the oil and natural gas industry. Substantially all of our revenues are derived from sales to companies in the oil and natural gas industry. As a result, our operations are dependent on the levels of activity in oil and natural gas exploration, development and production and prevailing oil and natural gas prices. More specifically, the demand for the proppants we produce and our wellsite storage and proppant management solutions is closely related to the number of oil and natural gas wells completed in geological formations where sand-based proppants are used in…

AI summary unavailable — showing raw filing excerpt

Generated from SND's filing dated 2026-02-26

Profitability

Gross margin

11.5%

20.3%

Operating margin

-1.4%

240.0%

Net margin

0.4%

57.6%

Return on equity

0.6%

54.3%

Return on assets

0.4%

54.8%

Leverage

Debt / equity

0.42×

4.4%

Long-term debt / equity

0.04×

3.6%

Debt / assets

29.5%

3.1%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$93.1M+42.0%$-3.9M+84.1%-4.1%

Q4 2025

2025-12-31

$86.0M-5.8%$28.2M+656.0%32.8%

Q3 2025

2025-09-30

$92.8M+46.9%$167.0K+270.4%0.2%

Q2 2025

2025-06-30

$85.8M+16.2%$-2.8M-559.3%-3.3%

Q1 2025

2025-03-31

$65.6M-21.1%$-24.2M-11118.1%-37.0%

Q4 2024

2024-12-31

$91.4M$3.7M4.1%

Q3 2024

2024-09-30

$63.2M-17.9%$-98.0K-101.5%-0.2%

Q2 2024

2024-06-30

$73.8M-1.3%$-430.0K-115.9%-0.6%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Mining & Quarrying of Nonmetallic Minerals (No Fuels) · SIC 1400

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Insider activity

Insider buying

$192.6K

Insider selling

$1.6M

Net activity

−$1.4M

Distinct insiders

5

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-03-11

Timothy Pawlenty

Director

Sale27,975$3.66$102.4K
2026-03-10

Francis Michael Porcelli

Director

Sale75,000$3.87$290.3K
2026-03-09

Francis Michael Porcelli

Director

Sale50,000$3.78$189.0K
2026-03-05

Francis Michael Porcelli

Director

Sale150,000$4.02$603.0K
2026-03-04

Francis Michael Porcelli

Director

Sale100,000$4.03$403.0K
2025-11-28

Ronald P Whelan

The Reporting Person is Executive Vice President of Last Mile Solutions of the Issuer.

Purchase4,325$2.91$12.6K
2025-11-26

Ronald P Whelan

The Reporting Person is Executive Vice President of Last Mile Solutions of the Issuer.

Purchase3,333$2.94$9.8K
2025-09-05

Charles Edwin Young

CEO

Purchase20,000$1.91$38.2K
2025-09-04

Charles Edwin Young

CEO

Purchase8,401$1.92$16.1K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns SND

Institutional value

$35.7M

Total shares held

8.1M

Distinct holders

39

-25 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1VANGUARD CAPITAL MANAGEMENT LLC1.2M$6.1MNew
2DIMENSIONAL FUND ADVISORS LP798.8K$4.1M+162.8K (+25.6%)Added
3SPROTT INC.750.0K$3.8M+0 (+0.0%)No change
4Simcoe Capital LLC620.2K$3.2MNew
5BlackRock, Inc.483.8K$2.5M+52.3K (+12.1%)Added
6Truffle Hound Capital, LLC440.0K$2.3M+220.0K (+100.0%)Added
7O'SHAUGHNESSY ASSET MANAGEMENT, LLC350.2K$1.8M+40.3K (+13.0%)Added
8SEI INVESTMENTS CO332.5K$1.7M+146.2K (+78.5%)Added
9RITHOLTZ WEALTH MANAGEMENT277.4K$1.4M+69.7K (+33.5%)Added
10EAM Investors, LLC240.1K$1.2M+0 (+0.0%)No change
11Walleye Capital LLC229.4K$1.2M+148.2K (+182.5%)Added
12JANE STREET GROUP, LLC209.5K$1.1M-199.3K (-48.7%)Trimmed
13CWA Asset Management Group, LLC193.0K$988.2K+115.8K (+149.9%)Added
14VANGUARD FIDUCIARY TRUST CO171.4K$877.4KNew
15WINTON GROUP Ltd161.7K$827.9KNew
16Connor, Clark & Lunn Investment Management Ltd.159.9K$818.8K+113.1K (+241.4%)Added
17Hillsdale Investment Management Inc.88.7K$454.1KNew
18Hudson Bay Capital Management LP51.2K$262.4K+7.9K (+18.3%)Added
19Quartz Partners, LLC42.1K$215.4K+13.3K (+46.3%)Added
20BNP PARIBAS FINANCIAL MARKETS35.9K$183.6KNew

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

Coming once SND's latest filing finishes processing.