Smart Sand Q3 revenue $92.8M, net income $3.0M; volumes up 24% YoY

Smart Sand, Inc.

2025-Q3 EPS reported $0.00 revenue$244,108,000

Revenue $92.8M (+24% YoY) on 1.472M tons sold; net income $0.08/sh vs ($0.00) a year ago.
Adjusted EBITDA $13.6M, up from $5.7M in Q3 2024; free cash flow $14.8M.
Record sales volumes into Canada; expanded Utica presence via Ohio terminals.
FY 2025 sales volume guidance 5.1-5.4M tons; expects to be free cash flow positive.
YTD returned $6.4M via $0.10 special dividend (Aug 2025) and 1M share buybacks.

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