secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001529628-25-000122
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand Q2 revenue $85.8M, net income $21.4M boosted by tax benefit, adjusted EBITDA $7.8M
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- Revenue $85.8M (Q2 2025), up 31% sequentially from $65.6M, up 16% YoY from $73.8M.
- Net income $21.4M ($0.55/diluted share) includes $21.7M non-cash deferred tax benefit; compares to net loss of $24.2M in Q1 2025.
- Adjusted EBITDA $7.8M, up from $1.4M in Q1 2025 but down from $11.9M in Q2 2024.
- Sales volumes 1,424K tons (+33% sequential, +12% YoY). IPS sales up 28% QoQ; Utica frac sand 16% of total H1 volumes.
- Declared $0.10/share special dividend ($4.3M) payable Aug 14, 2025; repurchased 855K shares for $1.8M in Q2. Expects FCF positive for FY2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962825000122/0001529628-25-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962825000122/snd-20250812.htm
  HTML page:      https://secwatch.observer/filing/0001529628-25-000122

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer