Smart Sand, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
SND$4.07+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (in thousands) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $22,551 | $1,554 |
| Accounts receivable | 30,519 | 40,981 |
| Unbilled receivables | — | 5,311 |
| Inventory | 31,081 | 25,044 |
| Prepaid expenses and other current assets | 3,991 | 2,635 |
| Total current assets | 88,142 | 75,525 |
| Property, plant and equipment, net | 223,254 | 236,692 |
| Operating lease right-of-use assets | 23,471 | 23,153 |
| Intangible assets, net | 4,292 | 5,084 |
| Other assets | 855 | 1,092 |
| Total assets | $340,014 | $341,546 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $9,427 | $16,988 |
| Accrued expenses and other liabilities | 17,544 | 12,561 |
| Deferred revenue | 9,838 | 54 |
| Current portion of long-term debt | 4,366 | 3,554 |
| Current portion of operating lease liabilities | 8,765 | 10,053 |
| Total current liabilities | 49,940 | 43,210 |
| Long-term debt | 8,657 | 9,130 |
| Long-term operating lease liabilities | 14,392 | 14,486 |
| Deferred tax liabilities, net | 4,188 | 9,316 |
| Asset retirement obligation | 22,472 | 21,292 |
| Other non-current liabilities | 668 | 302 |
| Total liabilities | 100,317 | 97,736 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity | ||
| Common stock, $0.001 par value, 350,000,000 shares authorized; 47,805,138 issued and 38,944,619 outstanding at December 31, 2025; 46,644,853 issued and 39,067,094 outstanding at December 31, 2024 | 39 | 39 |
| Treasury stock, at cost, 8,860,519 and 7,577,759 shares at December 31, 2025 and 2024, respectively | (17,393) | (14,671) |
| Additional paid-in capital | 189,031 | 185,263 |
| Retained earnings | 68,073 | 73,239 |
| Accumulated other comprehensive income (loss) | (53) | (60) |
| Total stockholders’ equity | 239,697 | 243,810 |
| Total liabilities and stockholders’ equity | $340,014 | $341,546 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.