Smart Sand Inc

For the period ended Dec 31, 2024. Filed Mar 4, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 4, 2025

SND$4.07+3.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations

	Year Ended December 31,
	2024	2023	2022
(in thousands of U.S. dollars, except per share amounts)
Revenues:
Sand revenue	$303,590	$287,479	$249,324
SmartSystems revenue	7,782	8,494	6,416
Total revenue	311,372	295,973	255,740
Cost of goods sold:
Sand cost of goods sold	258,812	247,181	220,006
SmartSystems cost of goods sold	7,737	7,237	6,143
Total cost of goods sold	266,549	254,418	226,149
Gross profit	44,823	41,555	29,591
Operating expenses:
Selling, general and administrative	38,161	38,722	30,769
Depreciation and amortization	2,596	2,535	2,244
Loss (gain) on disposal of fixed assets, net	1,062	1,802	(294)
Total operating expenses	41,819	43,059	32,719
Operating income (loss)	3,004	(1,504)	(3,128)
Other (expenses) income:
Interest expense, net	(1,769)	(1,272)	(1,608)
Loss on extinguishment of debt	(1,341)	—	—
Other income	358	524	828
Total other (expenses) income, net	(2,752)	(748)	(780)
Income (loss) before income tax benefit	252	(2,252)	(3,908)
Income tax expense (benefit)	(2,740)	(6,901)	(3,205)
Net income (loss)	$2,992	$4,649	$(703)
Net income (loss) per common share:
Basic	$0.08	$0.12	$(0.02)
Diluted	$0.08	$0.12	$(0.02)
Weighted-average number of common shares:
Basic	38,809	38,948	42,408
Diluted	39,084	39,046	42,408

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.