---
schema_version: "secwatch.filing_event.v1"
accession: "0001529628-25-000091"
form_type: "8-K"
ticker: "SND"
cik: "0001529628"
company_name: "Smart Sand, Inc."
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T15:30:14.781380+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Smart Sand Q1 net loss $24.2M; revenue $65.6M, down 21% YoY

## Summary
- Net loss of $24.2M ($0.62 loss per share) vs. net income $3.7M in Q4 2024 and net loss $0.2M in Q1 2024.
- Revenue $65.6M, down from $83.1M YoY; tons sold 1.07M (-20% YoY) due to winter slowdown and strong Q4 2024.
- Adjusted EBITDA $1.4M, down from $9.3M YoY; contribution margin $9.6M ($8.96/ton) vs. $18.5M ($13.85/ton) YoY.
- Free cash flow positive at $5.2M; Q2 volumes expected to rise 10-20%; full-year guidance deferred.
- Repurchased 135k shares for $0.3M in Q1; $9.7M remaining under $10M buyback program.

## SEC filing metadata
- accession: 0001529628-25-000091
- form_type: 8-K
- ticker: SND
- cik: 0001529628
- company_name: Smart Sand, Inc.
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1529628/000152962825000091/0001529628-25-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529628/000152962825000091/snd-20250513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001529628-25-000091
- JSON: https://secwatch.observer/filing/0001529628-25-000091.json
- Plain text: https://secwatch.observer/filing/0001529628-25-000091.txt

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