Smart Sand, Inc.
SND · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · 43.0M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Reference price $4.50 · est. market cap ~$193M — last insider purchase, 2026-05-29 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C61Integrated frac-and-industrial sand supplier with positive free cash flow but near-zero margins and earnings down sharply.
Strengths
- FCF positive ($32.5M, 60th pct), FCF margin 65.1st pct, low leverage (D/E 0.04)
- Scaled Northern White reserves, logistics terminals and industrial-products diversification
Risks
- Net margin 0.4% and ROE 0.6% (37.5th) — barely profitable; operating margin negative
- Net income down 55% on oil & gas activity and frac-sand price volatility
- Customer concentration and cyclical completion-activity exposure
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
11.5%
Operating margin
-1.4%
Net margin
0.4%
Return on equity
0.6%
Return on assets
0.4%
ROIC
-1.4%
Revenue growth (QoQ)
8.2%
Net-income growth
-55.0%
Debt / equity
0.0×
Net debt / EBITDA
-0.6×
Current ratio
1.8×
Free cash flow
$33M
EBITDA
$25M
Tangible book value
$235M
Cash & investments
$23M
Stock comp / revenue
1.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | Beckelman Lee E | Tax withheld | 3.3K | $5.45 |
| 2026-06-05 | Young James Douglas | Tax withheld | 2.5K | $5.45 |
| 2026-06-05 | WHELAN RONALD P | Tax withheld | 2.6K | $5.45 |
| 2026-06-05 | YOUNG CHARLES EDWIN | Tax withheld | 5.8K | $5.45 |
| 2026-06-05 | YOUNG WILLIAM JOHN | Tax withheld | 3.9K | $5.45 |
| 2026-06-05 | KISZKA ROBERT | Tax withheld | 2.6K | $5.45 |
| 2026-05-29 | WHELAN RONALD P | Buy | 4.4K | $4.50 |
| 2026-05-26 | Spurlin Sharon | Sell | 50K | $4.93 |
| 2026-03-17 | YOUNG CHARLES EDWIN | Tax withheld | 5.8K | $4.08 |
| 2026-03-17 | YOUNG WILLIAM JOHN | Tax withheld | 3.9K | $4.08 |
| 2026-03-17 | KISZKA ROBERT | Tax withheld | 2.6K | $4.08 |
| 2026-03-17 | Beckelman Lee E | Tax withheld | 3.3K | $4.08 |
| 2026-03-17 | WHELAN RONALD P | Tax withheld | 2.6K | $4.08 |
| 2026-03-17 | Young James Douglas | Tax withheld | 2.5K | $4.08 |
| 2026-03-11 | Pawlenty Timothy | Sell | 28K | $3.66 |
| 2026-03-10 | Porcelli Francis Michael | Sell | 75K | $3.87 |
| 2026-03-09 | Porcelli Francis Michael | Sell | 50K | $3.78 |
| 2026-03-05 | Porcelli Francis Michael | Sell | 150K | $4.02 |
| 2026-03-04 | Porcelli Francis Michael | Sell | 100K | $4.03 |
| 2026-02-28 | WHELAN RONALD P | Tax withheld | 6.2K | $5.19 |
| 2026-02-28 | WHELAN RONALD P | Tax withheld | 6.2K | $5.19 |
| 2026-02-28 | YOUNG CHARLES EDWIN | Tax withheld | 14K | $5.19 |
| 2026-02-28 | KISZKA ROBERT | Tax withheld | 6.2K | $5.19 |
| 2026-02-28 | KISZKA ROBERT | Tax withheld | 6.2K | $5.19 |
| 2026-02-28 | SPEAKER ANDREW R | Tax withheld | 12K | $5.19 |
| 2026-02-28 | YOUNG WILLIAM JOHN | Tax withheld | 9.3K | $5.19 |
| 2026-02-28 | Beckelman Lee E | Tax withheld | 7.9K | $5.19 |
| 2026-02-28 | Young James Douglas | Tax withheld | 6.0K | $5.19 |
| 2026-02-27 | YOUNG WILLIAM JOHN | Grant | 33K | — |
| 2026-02-27 | Young James Douglas | Grant | 19K | — |
| 2026-02-27 | Young James Douglas | Grant | 22K | — |
| 2026-02-27 | Young James Douglas | Tax withheld | 11K | $5.19 |
| 2026-02-27 | WHELAN RONALD P | Grant | 19K | — |
| 2026-02-27 | WHELAN RONALD P | Grant | 22K | — |
| 2026-02-27 | WHELAN RONALD P | Tax withheld | 12K | $5.19 |
| 2026-02-27 | YOUNG CHARLES EDWIN | Grant | 49K | — |
| 2026-02-27 | YOUNG CHARLES EDWIN | Grant | 57K | — |
| 2026-02-27 | YOUNG CHARLES EDWIN | Tax withheld | 26K | $5.19 |
| 2026-02-27 | YOUNG WILLIAM JOHN | Grant | 28K | — |
| 2026-02-27 | YOUNG WILLIAM JOHN | Tax withheld | 17K | $5.19 |
| 2026-02-27 | KISZKA ROBERT | Grant | 19K | — |
| 2026-02-27 | KISZKA ROBERT | Grant | 22K | — |
| 2026-02-27 | KISZKA ROBERT | Tax withheld | 12K | $5.19 |
| 2026-02-27 | Beckelman Lee E | Grant | 28K | — |
| 2026-02-27 | Beckelman Lee E | Grant | 33K | — |
| 2026-02-27 | Beckelman Lee E | Tax withheld | 15K | $5.19 |
| 2026-02-22 | Beckelman Lee E | Tax withheld | 11K | $5.25 |
| 2026-02-22 | Young James Douglas | Tax withheld | 7.8K | $5.25 |
| 2026-02-22 | WHELAN RONALD P | Tax withheld | 8.8K | $5.25 |
| 2026-02-22 | YOUNG CHARLES EDWIN | Tax withheld | 17K | $5.25 |
| 2026-02-22 | YOUNG WILLIAM JOHN | Tax withheld | 12K | $5.25 |
| 2026-02-22 | KISZKA ROBERT | Tax withheld | 8.6K | $5.25 |
| 2026-01-01 | Green Christopher M. | Tax withheld | 1.3K | $4.00 |
| 2025-12-16 | Green Christopher M. | Tax withheld | 1.1K | $3.63 |
| 2025-11-28 | WHELAN RONALD P | Buy | 4.3K | $2.91 |
| 2025-11-26 | WHELAN RONALD P | Buy | 3.3K | $2.94 |
| 2025-09-05 | YOUNG CHARLES EDWIN | Buy | 20K | $1.91 |
| 2025-09-04 | YOUNG CHARLES EDWIN | Buy | 8.4K | $1.92 |
| 2025-09-03 | YOUNG CHARLES EDWIN | Buy | 11K | $1.89 |
| 2025-08-28 | Green Christopher M. | Sell | 12K | $1.95 |
| 2025-08-19 | YOUNG CHARLES EDWIN | Buy | 8.9K | $1.96 |
| 2025-08-18 | YOUNG CHARLES EDWIN | Buy | 11K | $1.87 |
| 2025-08-15 | YOUNG CHARLES EDWIN | Buy | 30K | $1.92 |
| 2025-07-30 | Beckelman Lee E | Tax withheld | 6.5K | $2.08 |
| 2025-07-30 | Green Christopher M. | Tax withheld | 908 | $2.08 |
| 2025-07-30 | Young James Douglas | Tax withheld | 4.9K | $2.08 |
| 2025-07-30 | WHELAN RONALD P | Tax withheld | 5.1K | $2.08 |
| 2025-07-30 | YOUNG WILLIAM JOHN | Tax withheld | 7.6K | $2.08 |
| 2025-07-30 | KISZKA ROBERT | Tax withheld | 5.0K | $2.08 |
| 2025-07-23 | Green Christopher M. | Grant | 24K | — |
| 2025-07-10 | Green Christopher M. | Tax withheld | 2.0K | $2.07 |
| 2025-06-07 | Young James Douglas | Tax withheld | 2.5K | $1.92 |
| 2025-06-07 | KISZKA ROBERT | Tax withheld | 2.6K | $1.92 |
| 2025-06-07 | WHELAN RONALD P | Tax withheld | 2.6K | $1.92 |
| 2025-06-07 | YOUNG WILLIAM JOHN | Tax withheld | 3.9K | $1.92 |
| 2025-06-07 | Beckelman Lee E | Tax withheld | 3.3K | $1.92 |
| 2025-03-17 | KISZKA ROBERT | Tax withheld | 2.6K | $2.38 |
| 2025-03-17 | YOUNG CHARLES EDWIN | Tax withheld | 5.8K | $2.38 |
| 2025-03-17 | Beckelman Lee E | Tax withheld | 3.3K | $2.38 |
| 2025-03-17 | Young James Douglas | Tax withheld | 2.5K | $2.38 |
| 2025-03-17 | YOUNG WILLIAM JOHN | Tax withheld | 3.9K | $2.38 |
| 2025-03-17 | WHELAN RONALD P | Tax withheld | 2.6K | $2.38 |
| 2025-03-05 | Young James Douglas | Tax withheld | 5.7K | $2.10 |
| 2025-03-05 | WHELAN RONALD P | Grant | 8.4K | — |
| 2025-03-05 | YOUNG CHARLES EDWIN | Grant | 22K | — |
| 2025-03-05 | YOUNG CHARLES EDWIN | Grant | 24K | — |
| 2025-03-05 | YOUNG CHARLES EDWIN | Tax withheld | 11K | $2.10 |
| 2025-03-05 | Beckelman Lee E | Grant | 13K | — |
| 2025-03-05 | Beckelman Lee E | Grant | 13K | — |
| 2025-03-05 | Beckelman Lee E | Tax withheld | 6.8K | $2.10 |
| 2025-03-05 | YOUNG WILLIAM JOHN | Grant | 13K | — |
| 2025-03-05 | YOUNG WILLIAM JOHN | Grant | 13K | — |
| 2025-03-05 | YOUNG WILLIAM JOHN | Tax withheld | 8.1K | $2.10 |
| 2025-03-05 | Young James Douglas | Grant | 8.4K | — |
| 2025-03-05 | Young James Douglas | Grant | 9.0K | — |
| 2025-03-05 | KISZKA ROBERT | Grant | 8.4K | — |
| 2025-03-05 | KISZKA ROBERT | Grant | 9.0K | — |
| 2025-03-05 | KISZKA ROBERT | Tax withheld | 5.9K | $2.10 |
| 2025-03-05 | WHELAN RONALD P | Grant | 9.0K | — |
| 2025-03-05 | WHELAN RONALD P | Tax withheld | 5.9K | $2.10 |
| 2025-02-28 | SPEAKER ANDREW R | Grant | 39K | — |
| 2025-02-28 | Pawlenty Timothy | Grant | 39K | — |
| 2025-02-28 | Spurlin Sharon | Grant | 39K | — |
| 2025-02-28 | Porcelli Frank | Grant | 39K | — |
| 2025-02-28 | YOUNG CHARLES EDWIN | Grant | 228K | — |
| 2025-02-28 | Young James Douglas | Grant | 87K | — |
| 2025-02-28 | Beckelman Lee E | Grant | 130K | — |
| 2025-02-28 | YOUNG WILLIAM JOHN | Grant | 130K | — |
| 2025-02-28 | KISZKA ROBERT | Grant | 87K | — |
| 2025-02-28 | WHELAN RONALD P | Grant | 87K | — |
| 2025-02-22 | SPEAKER ANDREW R | Tax withheld | 16K | $2.25 |
| 2025-02-22 | YOUNG CHARLES EDWIN | Tax withheld | 19K | $2.25 |
| 2025-02-22 | Beckelman Lee E | Tax withheld | 11K | $2.25 |
| 2025-02-22 | Young James Douglas | Tax withheld | 8.5K | $2.25 |
| 2025-02-22 | YOUNG WILLIAM JOHN | Tax withheld | 13K | $2.25 |
| 2025-02-22 | KISZKA ROBERT | Tax withheld | 8.7K | $2.25 |
| 2025-02-22 | WHELAN RONALD P | Tax withheld | 8.8K | $2.25 |
| 2025-01-01 | Green Christopher M. | Tax withheld | 1.3K | $2.25 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-02 | 0001529628-26-000047 ↗ |
| 8-K | 2026-05-15 | 2026-05-15 | 0001529628-26-000039 ↗ |
| 10-Q | 2026-05-12 | 2026-03-31 | 0001529628-26-000033 ↗ |
| 8-K | 2026-05-12 | 2026-05-12 | 0001529628-26-000034 ↗ |
| 8-K | 2026-04-09 | 2026-04-09 | 0001529628-26-000014 ↗ |
| 8-K | 2026-03-03 | 2026-03-03 | 0001529628-26-000011 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001529628-26-000006 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001529628-26-000007 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0001529628-25-000132 ↗ |
| 10-Q | 2025-11-12 | 2025-09-30 | 0001529628-25-000129 ↗ |
| 8-K | 2025-11-12 | 2025-11-12 | 0001529628-25-000130 ↗ |
| 8-K | 2025-11-10 | 2025-11-04 | 0001529628-25-000126 ↗ |