Smart Sand, Inc.SNDEarnings & Financial Report
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.
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
Smart Sand, Inc. Q3 FY2025 Financial Summary
Smart Sand, Inc. reported revenue of $92.8M (up 46.9% YoY) for Q3 FY2025, with a net profit of $3.0M (up 3163.3% YoY) (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 Margin | 16.1% |
| Operating Margin | 5.8% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Smart Sand, Inc. Q3 FY2025 revenue of $92.8M breaks down across 3 segments, led by Sand at $91.6M (98.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Sand | $91.6M | 98.8% |
| Sand Segment | $4.4M | 4.7% |
| Smart Systems Segment | $1.1M | 1.2% |
Smart Sand, Inc. Revenue by Segment — Quarterly Trend
Smart Sand, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Sand and Sand Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Sand | $85.1M | $91.6M | — | — |
| Sand Segment | — | $4.4M | $84.6M | $64.5M |
| Smart Systems Segment | $980.0K | $1.1M | $1.2M | $1.1M |
Smart Sand, Inc. Annual Revenue by Year
Smart Sand, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $330.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $330.2M |
| 2024 | $311.4M |
| 2023 | $296.0M |
| 2022 | $255.7M |
Smart Sand, Inc. Quarterly Revenue & Net Profit History
Smart Sand, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $86.0M | -5.8% | $1.2M | 1.4% |
| Q3 FY2025 | $92.8M | +46.9% | $3.0M | 3.2% |
| Q2 FY2025 | $85.8M | +16.2% | $21.4M | 24.9% |
| Q1 FY2025 | $65.6M | -21.1% | $-24.2M | -37.0% |
| Q4 FY2024 | $91.4M | +47.5% | $3.7M | 4.1% |
| Q3 FY2024 | $63.2M | -17.9% | $-98.0K | -0.2% |
| Q2 FY2024 | $73.8M | -1.3% | $-430.0K | -0.6% |
| Q1 FY2024 | $83.1M | +0.9% | $-216.0K | -0.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $83.1M | $73.8M | $63.2M | $91.4M | $65.6M | $85.8M | $92.8M | $86.0M |
| YoY Growth | 0.9% | -1.3% | -17.9% | 47.5% | -21.1% | 16.2% | 46.9% | -5.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $349.3M | $341.8M | $335.8M | $341.5M | $326.9M | $345.8M | $343.1M | $340.0M |
| Liabilities | $106.7M | $99.0M | $92.3M | $97.7M | $107.0M | $105.3M | $103.2M | $100.3M |
| Equity | $242.5M | $242.9M | $243.6M | $243.8M | $219.9M | $240.5M | $239.9M | $239.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-3.9M | $14.9M | $5.8M | $1.0M | $8.7M | $-5.1M | $18.2M | $22.4M |