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Companies / Materials / Smart Sand, Inc.
SND

Smart Sand, Inc.

MaterialsMining
Ticker SNDYARDLEY, PAFiscal year ends DecemberBook value per share $5.77Diluted shares 41.3M

Smart Sand, Inc. (NASDAQ: SND) is a fully integrated frac and industrial sand supply and services company that provides mine-to-wellsite proppant supply and logistics solutions. The company produces low-cost, high-quality Northern White sand, a premium proppant used to enhance hydrocarbon recovery rates in hydraulic… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$330.15M
+6.0% year over year
Last 12 mo $386.99M
-1.35%
−2.3 percentage points
Last 12 mo 2.03%
$1.34M
−55.0% year over year
Last 12 mo $10.49M
0.56%
−0.7 percentage points
Last 12 mo 4.40%
Cash & financing
$44.12M
+147.0% year over year
Last 12 mo $46.98M
$32.52M
+199.6% year over year
Last 12 mo $34.63M
0.05
Was 0.05× a year earlier
Last 12 mo 0.06
39.6M
+1.3% year over year
Last 12 mo 41.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Smart Sand, Inc. does

In the company’s own words

Smart Sand, Inc. (NASDAQ: SND) is a fully integrated frac and industrial sand supply and services company that provides mine-to-wellsite proppant supply and logistics solutions. The company produces low-cost, high-quality Northern White sand, a premium proppant used to enhance hydrocarbon recovery rates in hydraulic fracturing of oil and natural gas wells, as well as sand for various industrial applications. Smart Sand operates three active sand mines and processing facilities located in Oakdale, Wisconsin; Ottawa, Illinois; and Blair, Wisconsin, with combined annual processing capacity of approximately 10.0 million tons. The company maintains an estimated mine life of approximately 71 years at Oakdale, 149 years at Ottawa, and 67 years at Blair based on current expected sales volumes.

The company operates two primary business segments: Sand and SmartSystems. The Sand segment generates revenue through short-term and long-term contracts and spot sales in the open market. The SmartSystems segment provides wellsite proppant handling solutions and equipment including proprietary SmartDepot and SmartDepotXL silo systems, SmartPath wellsite proppant management systems, SmartBelt conveyors, and rapid deployment trailers designed to enhance customer efficiency, safety, and reliability while reducing trucking and fuel consumption.

Smart Sand maintains a strategic logistics network with access to all Class I rail lines in the United States and Canada through its mining facilities and five in-basin transloading terminals located in Van Hook, North Dakota; Waynesburg, Pennsylvania; Minerva, Ohio; Dennison, Ohio; and El Reno, Oklahoma. The company serves oil and natural gas exploration and production companies, oilfield service companies, and diversified industrial customers. In late 2021, Smart Sand expanded its product offerings to include Industrial Products Solutions, currently representing approximately five percent of business, serving markets including glass, foundry, building products, filtration, geothermal, renewables, ceramics, and landscaping. As of December 31, 2025, the company maintained cash on hand of $22.6 million and undrawn availability of $30.0 million under its senior secured asset-based credit facility. More information is available at www.smartsand.com.

Company details
Sector
Materials
Industry
Mining
Headquarters
YARDLEY, PA
Fiscal year end
December
CIK
1529628
SIC
1400

Financial performance, year by year

Fiscal 2016–2025 · USD
$-94.44M$36.86M$168.16M$299.45M$430.75M2016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Smart Sand, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

74
funds hold it
0 of 35
superinvestors hold it
$27.21M
held by funds, at market
12.9%
of shares held by funds

Largest fund holders · Smart Sand, Inc.’s weight in each

1.20%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.00%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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