Smart Sand Q4 2025 revenue $86.0M, full-year net income $1.3M; approves $20M buyback

Smart Sand, Inc.

2025-FY EPS reported $0.03 revenue$330,153,000

Q4 2025 revenue $86.0M (down 6% YoY); tons sold 1,478,000 (flat YoY).
Full-year 2025 revenue $330.2M (+6% YoY); net income $1.3M ($0.03 EPS) vs $3.0M in 2024.
Record full-year sales volumes 5,443,000 tons (+3% YoY); free cash flow $32.5M.
Board approved new $20M share repurchase program starting April 4, 2026, through April 3, 2028.
Expects 2026 sales volume growth of 5-10%; capex guided $15-20M.

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