---
schema_version: "secwatch.filing_event.v1"
accession: "0001529628-26-000034"
form_type: "8-K"
ticker: "SND"
cik: "0001529628"
company_name: "Smart Sand, Inc."
filed_at: "2026-05-12T20:01:20+00:00"
generated_at: "2026-05-12T20:02:48.485637+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Smart Sand Q1 2026 revenue $93.1M, net loss $3.9M; record sand sales volume 1.492M tons

## Summary
- Record quarterly sand sales ~1.492M tons (+40% YoY); revenue $93.1M vs $65.6M YoY.
- Net loss $(3.9)M ($(0.10)/share) vs net income $1.2M in Q4 2025; adjusted EBITDA $3.8M.
- Free cash flow $0.8M; FY 2026 capex guidance $15-20M; expects positive free cash flow for 2026.
- New $20M share repurchase program (through Apr 2, 2028); special dividend $0.10/share paid May 5, 2026 ($3.9M).
- Guidance: FY 2026 sales volume growth 5-10% vs 2025; liquidity $19.5M cash + $30M undrawn credit facility.

## SEC filing metadata
- accession: 0001529628-26-000034
- form_type: 8-K
- ticker: SND
- cik: 0001529628
- company_name: Smart Sand, Inc.
- filed_at: 2026-05-12T20:01:20+00:00
- event_type: earnings
- sentiment: neutral
- 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/1529628/000152962826000034/0001529628-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529628/000152962826000034/snd-20260512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001529628-26-000034
- JSON: https://secwatch.observer/filing/0001529628-26-000034.json
- Plain text: https://secwatch.observer/filing/0001529628-26-000034.txt

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