Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.2M | $137M | $212M | $233M | $122M | $127M | $256M | $296M | $311M | $330M |
| Revenue growth | — | 131.7% | 54.8% | 9.7% | -47.5% | 3.5% | 101.9% | 15.7% | 5.2% | 6.0% |
| Gross profit | $32.7M | $36.9M | $69.4M | $81.1M | $18.1M | -$15.9M | $29.6M | $41.6M | $44.8M | $37.9M |
| Gross margin | 55.1% | 26.9% | 32.6% | 34.8% | 14.8% | -12.6% | 11.6% | 14.0% | 14.4% | 11.5% |
| Operating income | $20.4M | $18.7M | $27.7M | $43.5M | -$13.0M | -$63.5M | -$3.13M | -$1.50M | $3.00M | -$4.46M |
| Operating margin | 34.4% | 13.6% | 13.0% | 18.7% | -10.6% | -50.1% | -1.2% | -0.5% | 1.0% | -1.4% |
| Net income | $10.4M | $21.5M | $20.1M | $31.6M | $38.0M | -$50.7M | -$703K | $4.65M | $2.99M | $1.34M |
| Net margin | 17.5% | 15.7% | 9.5% | 13.6% | 31.0% | -40.0% | -0.3% | 1.6% | 1.0% | 0.4% |
| EPS (diluted) | $0.42 | $0.53 | $0.50 | $0.78 | $0.94 | -$1.21 | -$0.02 | $0.12 | $0.08 | $0.03 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $26.7M | $15.6M | $50.9M | $44.6M | $25.5M | $32.4M | $5.42M | $31.0M | $17.9M | $44.1M |
| Capital expenditures | $2.52M | $51.2M | $96.1M | $25.5M | $8.62M | $11.2M | $12.7M | $23.0M | $7.01M | $11.6M |
| Free cash flow | $24.2M | -$35.5M | -$45.2M | $19.1M | $16.9M | $21.2M | -$7.31M | $7.96M | $10.9M | $32.5M |
| Share buybacks | $420K | $127K | $2.17M | $140K | $1.16M | $401K | $540K | $0.00 | $422K | $628K |
| Dividends paid | — | — | — | — | — | — | $0.00 | $0.00 | $3.90M | $5.95M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $46.6M | $34.7M | $1.47M | $2.64M | $11.7M | $25.6M | $5.51M | $6.07M | $1.55M | $22.6M |
| Total assets | $173M | $247M | $320M | $363M | $428M | $374M | $360M | $346M | $342M | $340M |
| Total liabilities | $31.0M | $56.8M | $111M | $118M | $139M | $133M | $117M | $104M | $97.7M | $100M |
| Long-term debt | $570K | $0.00 | $47.9M | $28.2M | $22.4M | $15.4M | $9.81M | $3.45M | $9.13M | $8.66M |
| Shareholders' equity | $142M | $190M | $211M | $246M | $289M | $241M | $243M | $242M | $244M | $240M |
| Retained earnings | $10.1M | $31.6M | $50.3M | $83.3M | $121M | $70.6M | $69.9M | $74.5M | $73.2M | $68.1M |
| Shares (wtd avg diluted) | 24.6M | 40.3M | 40.4M | 40.3M | 40.3M | 41.8M | 42.4M | 39.0M | 39.1M | 39.6M |
Every figure is extracted from Smart Sand, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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