📊 SND Key Takeaways
Is Smart Sand, Inc. (SND) a Good Investment?
Smart Sand is unprofitable with deteriorating earnings (EPS down 62.5% YoY) despite 6% revenue growth, reflecting fundamental operational challenges in a low-margin commodity business. Gross margins of 6.6% and negative ROE/ROA indicate the company is destroying shareholder value while burning through a limited cash position of $19.5M.
Smart Sand, Inc. Key Strengths (SND)
- Strong balance sheet with low debt/equity ratio (0.07x) and sufficient liquidity (current ratio 1.66x)
- Modest revenue growth of 6% YoY showing continued market demand
- Positive free cash flow generation of $842K despite operating losses
SND Stock Risks: Smart Sand, Inc. Investment Risks
- Sustained unprofitability with negative net margin (-4.1%) and operating income losses of $4.9M
- Deteriorating earnings with diluted EPS down 62.5% YoY indicating worsening financial performance
- Severe margin compression with only 6.6% gross margin limiting pricing power and profitability potential in commodity-exposed business
- Low cash conversion with operating cash flow only 3.2% of revenue and FCF margin below 1%
- Large asset base ($335.7M) generating negative returns on equity and assets
Key Metrics to Watch
- Quarterly gross margin trend - critical indicator of commodity pricing power
- Path to operating profitability and operating cash flow improvement
- Cash balance depletion rate and covenant compliance given sustained losses
Smart Sand, Inc. (SND) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 0.9% FCF margin may limit capital allocation flexibility.
SND Profit Margin, ROE & Profitability Analysis
SND vs Materials Sector: How Smart Sand, Inc. Compares
How Smart Sand, Inc. compares to Materials sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Smart Sand, Inc. Stock Overvalued? SND Valuation Analysis 2026
Based on fundamental analysis, Smart Sand, Inc. has mixed fundamental signals relative to the Materials sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Smart Sand, Inc. Balance Sheet: SND Debt, Cash & Liquidity
SND Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Smart Sand, Inc.'s revenue has grown significantly by 27% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.12 reflects profitable operations.
SND Revenue Growth, EPS Growth & YoY Performance
SND Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $65.6M | -$3.9M | $-0.10 |
| Q3 2025 | $63.2M | -$98.0K | $0.00 |
| Q2 2025 | $73.8M | -$216.0K | $-0.01 |
| Q1 2025 | $65.6M | -$216.0K | $-0.01 |
| Q3 2024 | $63.2M | -$98.0K | $0.00 |
| Q2 2024 | $73.8M | -$216.0K | $-0.01 |
| Q1 2024 | $82.4M | -$216.0K | $-0.01 |
| Q3 2023 | $71.6M | -$90.0K | $0.06 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Smart Sand, Inc. Dividends, Buybacks & Capital Allocation
SND SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Smart Sand, Inc. (CIK: 0001529628)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SND
What is the AI rating for SND?
Smart Sand, Inc. (SND) has an AI grade of C with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SND's key strengths?
Claude: Strong balance sheet with low debt/equity ratio (0.07x) and sufficient liquidity (current ratio 1.66x). Modest revenue growth of 6% YoY showing continued market demand.
What are the risks of investing in SND?
Claude: Sustained unprofitability with negative net margin (-4.1%) and operating income losses of $4.9M. Deteriorating earnings with diluted EPS down 62.5% YoY indicating worsening financial performance.
What is SND's revenue and growth?
Smart Sand, Inc. reported revenue of $93.1M.
Does SND pay dividends?
Smart Sand, Inc. does not currently pay dividends.
Where can I find SND SEC filings?
Official SEC filings for Smart Sand, Inc. (CIK: 0001529628) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SND's EPS?
Smart Sand, Inc. has a diluted EPS of $-0.10.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is SND's fundamental grade?
Based on our AI fundamental analysis in May 2026, Smart Sand, Inc. has a C grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is SND stock overvalued or undervalued?
Valuation metrics for SND: ROE of -1.6% (sector avg: 14%), net margin of -4.1% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is SND's AI grade for 2026?
Our dual AI analysis gives Smart Sand, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is SND's free cash flow?
Smart Sand, Inc.'s operating cash flow is $3.0M, with capital expenditures of $2.2M. FCF margin is 0.9%.
How does SND compare to other Materials stocks?
Vs Materials sector averages: Net margin -4.1% (avg: 10%), ROE -1.6% (avg: 14%), current ratio 1.66 (avg: 1.6).