Smart Sand Inc. posts Q3 revenue of $92.8 million and net income of $3.0 million
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Smart Sand Inc. reported Q3 2025 revenue of $92.8 million and net income of $3.0 million, with cash flow from operations at $18.2 million. The company saw increases in sales volumes, contribution margin, Adjusted EBITDA of $13.6 million, and free cash flow of $14.8 million. In 2025, Smart Sand paid a $0.10 per share dividend and repurchased 1 million shares, returning $6.4 million to shareholders. The company expects full-year sales volumes between 5.1 million and 5.4 million tons and to remain free cash flow positive.
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