---
schema_version: "secwatch.filing_event.v1"
accession: "0001529628-25-000130"
form_type: "8-K"
ticker: "SND"
cik: "0001529628"
company_name: "Smart Sand, Inc."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:08:30.408046+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001529628-25-000130
- form_type: 8-K
- ticker: SND
- cik: 0001529628
- company_name: Smart Sand, Inc.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529628/000152962825000130/0001529628-25-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529628/000152962825000130/snd-20251112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001529628-25-000130
- JSON: https://secwatch.observer/filing/0001529628-25-000130.json
- Plain text: https://secwatch.observer/filing/0001529628-25-000130.txt

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