secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001529628-26-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962826000007/0001529628-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962826000007/snd-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001529628-26-000007

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