10q10k10q10k.net
Smart Sand, Inc.

Smart Sand, Inc.SNDEarnings & Financial Report

Nasdaq

Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.

SND Q3 2025 Key Financial Metrics

Revenue

$92.8M

Gross Profit

$14.9M

Operating Profit

$5.4M

Net Profit

$3.0M

Gross Margin

16.1%

Operating Margin

5.8%

Net Margin

3.2%

YoY Growth

46.9%

EPS

$0.08

Financial Flow

Smart Sand, Inc. Q3 2025 Financial Summary

Smart Sand, Inc. reported revenue of $92.8M for Q3 2025, with a net profit of $3.0M (3.2% margin). Cost of goods sold was $77.8M, operating expenses totaled $9.6M.

Key Financial Metrics

Total Revenue$92.8M
Net Profit$3.0M
Gross Margin16.1%
Operating Margin5.8%
Report PeriodQ3 2025

Smart Sand, Inc. Annual Revenue by Year

Smart Sand, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $311.4M).

YearAnnual Revenue
2024$311.4M
2023$296.0M
2022$255.7M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$61.9M$83.1M$73.8M$63.2M$91.4M$65.6M$85.8M$92.8M
YoY Growth-16.1%0.9%-1.3%-17.9%47.5%-21.1%16.2%46.9%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$346.3M$349.3M$341.8M$335.8M$341.5M$326.9M$345.8M$343.1M
Liabilities$104.0M$106.7M$99.0M$92.3M$97.7M$107.0M$105.3M$103.2M
Equity$242.3M$242.5M$242.9M$243.6M$243.8M$219.9M$240.5M$239.9M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$-2.7M$-3.9M$14.9M$5.8M$1.0M$8.7M$-5.1M$18.2M