Smart Sand, Inc. (SND) Form 10-Q — Aug 11, 2026
Smart Sand reported Q2 2026 revenue of $115.1 million, up 34% year over year, driven by a 31% increase in volumes to approximately 1.86 million tons sold plus slightly higher sand pricing. Quarterly gross profit more than doubled to $19.8 million, net income came in at $10.2 million ($0.25 diluted EPS), and adjusted EBITDA surged to $18.7 million from $7.8 million a year ago. The prior-year quarter's $21.4 million net income was inflated by a one-time $21.7 million tax benefit, so the underlying operating improvement is even stronger than headline numbers suggest.
Key figures
- Eps
- 0.26 basic / 0.25 diluted (Q2 2026)
- Revenue
- 115050000
- Guidance
- Full year 2026 capital expenditures expected between $15.0 million and $20.0 million, excluding acquisitions; company expects to pay no federal income tax in 2026
- Net Income
- 10168000
- Revenue Yoy
- 34%
- Total Assets
- 347062000
- Cash Position
- 10197000
- Shares Outstanding
- 42399061
- H1 2025 revenue
- 151328000
- H1 2026 revenue
- 208161000
- Q2 2025 revenue
- 85770000
- Abl availability
- 30000000
- Gross profit yoy
- 121%
- Tons sold q2 2025
- 1424000
- Tons sold q2 2026
- 1864000
- Vfi interest rate
- 11.56%
- H1 2026 net income
- 6308000
- Gross profit q2 2026
- 19825000
- Adjusted ebitda h1 2026
- 22428000
- Adjusted ebitda q2 2025
- 7751000
- Adjusted ebitda q2 2026
- 18652000
- Buyback shares june 2026
- 470088
- Notes payable outstanding
- 9000000
- Vfi financing outstanding
- 5500000
- Special dividend per share
- 0.1
- Special dividend total usd
- 4239000
- Buyback avg price june 2026
- 5.32
- Performance bonds outstanding
- 19959000
- Contribution margin per ton q2
- 14.54
- Buyback remaining authorization
- 17500004
- Shares outstanding june 30 2026
- 38958338
Price after filing
Close on the filing date to close N calendar days later (from $4.52). Historical, not a forecast.
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