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Side-by-side financial comparison of Finwise Bancorp (FINW) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
Smart Sand, Inc. is the larger business by last-quarter revenue ($86.0M vs $42.7M, roughly 2.0× Finwise Bancorp). Finwise Bancorp runs the higher net margin — 6.4% vs 1.4%, a 5.0% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs 1.8%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs SND — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $86.0M |
| Net Profit | $2.7M | $1.2M |
| Gross Margin | — | 13.0% |
| Operating Margin | — | -3.1% |
| Net Margin | 6.4% | 1.4% |
| Revenue YoY | — | -5.8% |
| Net Profit YoY | — | -68.5% |
| EPS (diluted) | $0.20 | $0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $42.7M | — | ||
| Q4 25 | $46.9M | $86.0M | ||
| Q3 25 | $36.7M | $92.8M | ||
| Q2 25 | $25.1M | $85.8M | ||
| Q1 25 | $22.1M | $65.6M | ||
| Q4 24 | $21.1M | $91.4M | ||
| Q3 24 | $20.8M | $63.2M | ||
| Q2 24 | $19.8M | $73.8M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $1.2M | ||
| Q3 25 | $4.9M | $3.0M | ||
| Q2 25 | $4.1M | $21.4M | ||
| Q1 25 | $3.2M | $-24.2M | ||
| Q4 24 | $2.8M | $3.7M | ||
| Q3 24 | $3.5M | $-98.0K | ||
| Q2 24 | $3.2M | $-430.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 17.7% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | -3.1% | ||
| Q3 25 | 17.5% | 5.8% | ||
| Q2 25 | 21.7% | -0.1% | ||
| Q1 25 | 20.1% | -10.8% | ||
| Q4 24 | 17.5% | 3.9% | ||
| Q3 24 | 22.2% | -7.8% | ||
| Q2 24 | 21.1% | 4.8% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | 1.4% | ||
| Q3 25 | 13.3% | 3.2% | ||
| Q2 25 | 16.3% | 24.9% | ||
| Q1 25 | 14.4% | -37.0% | ||
| Q4 24 | 13.2% | 4.1% | ||
| Q3 24 | 16.6% | -0.2% | ||
| Q2 24 | 16.1% | -0.6% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $0.03 | ||
| Q3 25 | $0.34 | $0.08 | ||
| Q2 25 | $0.29 | $0.54 | ||
| Q1 25 | $0.23 | $-0.62 | ||
| Q4 24 | $0.19 | $0.10 | ||
| Q3 24 | $0.25 | $0.00 | ||
| Q2 24 | $0.24 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $22.6M |
| Total DebtLower is stronger | — | $15.0M |
| Stockholders' EquityBook value | $196.6M | $239.7M |
| Total Assets | $899.4M | $340.0M |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $22.6M | ||
| Q3 25 | $105.6M | $5.1M | ||
| Q2 25 | $90.1M | $4.3M | ||
| Q1 25 | $120.3M | $5.1M | ||
| Q4 24 | $109.2M | $1.6M | ||
| Q3 24 | $85.8M | $7.2M | ||
| Q2 24 | $89.0M | $6.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $15.0M | ||
| Q3 25 | — | $14.3M | ||
| Q2 25 | — | $23.5M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | — | $14.7M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $17.1M |
| Q1 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $239.7M | ||
| Q3 25 | $187.8M | $239.9M | ||
| Q2 25 | $182.0M | $240.5M | ||
| Q1 25 | $177.4M | $219.9M | ||
| Q4 24 | $173.7M | $243.8M | ||
| Q3 24 | $170.4M | $243.6M | ||
| Q2 24 | $165.8M | $242.9M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $340.0M | ||
| Q3 25 | $899.9M | $343.1M | ||
| Q2 25 | $842.5M | $345.8M | ||
| Q1 25 | $804.1M | $326.9M | ||
| Q4 24 | $746.0M | $341.5M | ||
| Q3 24 | $683.0M | $335.8M | ||
| Q2 24 | $617.8M | $341.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $22.4M |
| Free Cash FlowOCF − Capex | — | $20.4M |
| FCF MarginFCF / Revenue | — | 23.7% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-28.4M | $22.4M | ||
| Q3 25 | $3.5M | $18.2M | ||
| Q2 25 | $-18.3M | $-5.1M | ||
| Q1 25 | $-21.6M | $8.7M | ||
| Q4 24 | $-15.0M | $1.0M | ||
| Q3 24 | $-9.8M | $5.8M | ||
| Q2 24 | $-7.6M | $14.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $20.4M | ||
| Q3 25 | $3.4M | $14.8M | ||
| Q2 25 | $-19.8M | $-7.8M | ||
| Q1 25 | $-23.3M | $5.2M | ||
| Q4 24 | $-16.1M | $-840.0K | ||
| Q3 24 | $-13.4M | $3.7M | ||
| Q2 24 | $-7.7M | $13.5M |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | 23.7% | ||
| Q3 25 | 9.4% | 15.9% | ||
| Q2 25 | -79.0% | -9.1% | ||
| Q1 25 | -105.3% | 7.9% | ||
| Q4 24 | -76.0% | -0.9% | ||
| Q3 24 | -64.3% | 5.8% | ||
| Q2 24 | -38.7% | 18.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.3% | ||
| Q3 25 | 0.1% | 3.6% | ||
| Q2 25 | 5.8% | 3.1% | ||
| Q1 25 | 7.4% | 5.4% | ||
| Q4 24 | 5.1% | 2.1% | ||
| Q3 24 | 17.2% | 3.4% | ||
| Q2 24 | 0.3% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | 18.99× | ||
| Q3 25 | 0.71× | 6.05× | ||
| Q2 25 | -4.48× | -0.24× | ||
| Q1 25 | -6.78× | — | ||
| Q4 24 | -5.37× | 0.28× | ||
| Q3 24 | -2.84× | — | ||
| Q2 24 | -2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
