Smart Sand Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	335.47	311.37	295.97	255.74	126.65	122.34
Revenue Growth (YoY)	18.98%	5.20%	15.73%	101.93%	3.52%	-47.51%
Cost of Revenue	295.36	266.55	254.42	226.15	142.55	104.22
Gross Profit	40.12	44.82	41.56	29.59	-15.91	18.12
Selling, General & Admin	36.68	38.16	38.72	30.77	25.45	24.63
Operating Expenses	39.11	40.76	41.26	33.01	27.43	26.54
Operating Income	1.01	4.07	0.3	-3.42	-43.34	-8.42
Interest Expense	-1.63	-1.84	-1.53	-1.66	-2.01	-2.13
Interest & Investment Income	0.11	0.07	0.26	0.05	0.04	0.04
Other Non Operating Income (Expenses)	0.36	0.36	0.52	0.83	5.77	0.48
EBT Excluding Unusual Items	-0.15	2.66	-0.45	-4.2	-39.54	-10.03
Merger & Restructuring Charges	-	-	-	-	-	-0.89
Gain (Loss) on Sale of Assets	0.84	-1.06	-1.8	0.29	-0.56	-
Asset Writedown	-	-	-	-	-	-5.12
Legal Settlements	-	-	-	-	-19.59	-
Other Unusual Items	-	-1.34	-	-	-	41.01
Pretax Income	0.68	0.25	-2.25	-3.91	-59.69	24.97
Income Tax Expense	-3.22	-2.74	-6.9	-3.21	-9.02	-12.98
Net Income	3.9	2.99	4.65	-0.7	-50.67	37.95
Net Income to Common	3.9	2.99	4.65	-0.7	-50.67	37.95
Net Income Growth	-	-35.64%	-	-	-	20.02%
Shares Outstanding (Basic)	39	39	39	42	42	40
Shares Outstanding (Diluted)	40	39	39	42	42	40
Shares Change (YoY)	2.36%	0.10%	-7.93%	1.52%	3.76%	-0.19%
EPS (Basic)	0.10	0.08	0.12	-0.02	-1.21	0.94
EPS (Diluted)	0.10	0.08	0.12	-0.02	-1.21	0.94
EPS Growth	-	-35.41%	-	-	-	20.51%
Free Cash Flow	11.31	10.85	7.96	-7.31	21.22	16.92
Free Cash Flow Per Share	0.29	0.28	0.20	-0.17	0.51	0.42
Gross Margin	11.96%	14.39%	14.04%	11.57%	-12.56%	14.81%
Operating Margin	0.30%	1.31%	0.10%	-1.34%	-34.22%	-6.88%
Profit Margin	1.16%	0.96%	1.57%	-0.27%	-40.01%	31.02%
Free Cash Flow Margin	3.37%	3.49%	2.69%	-2.86%	16.75%	13.83%
EBITDA	30.71	33	27.77	23.07	-18.03	13.71
EBITDA Margin	9.15%	10.60%	9.38%	9.02%	-14.24%	11.21%
D&A For EBITDA	29.7	28.94	27.47	26.49	25.31	22.13
EBIT	1.01	4.07	0.3	-3.42	-43.34	-8.42
EBIT Margin	0.30%	1.31%	0.10%	-1.34%	-34.22%	-6.88%
Revenue as Reported	335.47	311.37	295.97	255.74	126.65	122.34

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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