---
schema_version: "secwatch.filing_event.v1"
accession: "0001529628-23-000116"
form_type: "8-K"
ticker: "SND"
cik: "0001529628"
company_name: "Smart Sand, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:55:40.342828+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Smart Sand Q3 2023 revenue $76.9M, net income $6.7M; tons sold up 12% YoY

## Summary
- Revenue $76.9M (up from $71.6M YoY); net income $6.7M ($0.18 EPS) vs $2.7M YoY.
- Adjusted EBITDA $13.3M, up from $11.3M YoY; gross profit $14.4M vs $11.4M YoY.
- Tons sold ~1,219,000, +10% sequential and +12% YoY; contribution margin $17.20/ton.
- Free cash flow $5.6M in Q3; FY2023 capex estimated at $20-23M.
- Cash on hand $9.3M and $19.0M undrawn ABL commitment as of Sep 30, 2023.

## SEC filing metadata
- accession: 0001529628-23-000116
- form_type: 8-K
- ticker: SND
- cik: 0001529628
- company_name: Smart Sand, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529628/000152962823000116/0001529628-23-000116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529628/000152962823000116/snd-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001529628-23-000116
- JSON: https://secwatch.observer/filing/0001529628-23-000116.json
- Plain text: https://secwatch.observer/filing/0001529628-23-000116.txt

## Key facts
- Earnings Releases
  Smart Sand, Inc. reported the third quarter ended September 30, 2023 results: revenue $76.9 million, net income $6.7 million, EPS $0.18 per basic and diluted share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $76.9 million
  - Net income: $6.7 million
  - EPS: $0.18 per basic and diluted share
  - Result: reported results
  source text: in such filing. --- EX-99.1 (EX-99.1) --- Smart Sand, Inc. Announces Third Quarter 2023 Results • 3Q 2023 total tons sold of approximately 1.2 million • 3Q 2023 revenue of $76.9 million • 3Q 2023 net income of $6.7 million • 3Q 2023 adjusted EBITDA of $13.3 million • 3Q 2023 net cash provided by operating activities of $12.5 million • 3Q 2023 free cash flow of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529628/000152962823000116/0001529628-23-000116-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.