Smart Sand, Inc.(SND)Stock Analysis
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Rank #1,951 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SND Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Smart Sand, Inc. (SND), a Materials sector company. 13F Pro's AI-powered ranking engine scores SND at 40.0/100 on a 32-signal composite quality model, placing it at rank #1,951 of 2,879 stocks — the bottom half of the AI-ranked universe. SND scores in the top quartile across institutional flow (93.2). Areas of concern include profitability (29.1) and earnings quality (30.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), Smart Sand, Inc. reports quarterly revenue of $93.1M, net income of $-3.9M, an operating margin of -5.2%. Top institutional holders of SND by reported 13-F value include GENDELL JEFFREY L, VANGUARD CAPITAL MANAGEMENT, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. SND trades on the Nasdaq exchange and files with the SEC under CIK 1529628. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SND daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Smart Sand, Inc. directly from SEC EDGAR. Smart Sand, Inc.'s 13F Pro composite quality score has ranged between 25 and 64 since 2021, currently 40.0 — a declining long-term trajectory across 30 quarterly and live scoring snapshots.
Revenue
Q1 2026
$93.1M
Net Income
Q1 2026
$-3.9M
Free Cash Flow
Q1 2026
$842.0K
Operating Margin
Q1 2026
-5.2%
ROIC
Q1 2026
-1.9%
D/E Ratio
Q1 2026
0.09
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+5.2% YoYNet Income
-35.6% YoYOperating Income
+299.7% YoYEPS (Diluted)
-33.3% YoYTotal Assets
-1.4% YoYTotal Debt
-49.2% YoYOp. Cash Flow
-42.4% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $311.4M +5.2% | $296.0M +15.7% | $255.7M +101.9% | $126.6M +3.5% | $122.3M -47.5% | $233.1M |
| Net Income | $3.0M -35.6% | $4.6M +761.3% | $-703.0K +98.6% | $-50.7M -233.5% | $38.0M +20.0% | $31.6M |
| Operating Income | $3.0M +299.7% | $-1.5M +51.9% | $-3.1M +95.1% | $-63.5M -387.7% | $-13.0M -129.9% | $43.5M |
| EPS (Diluted) | $0.08 -33.3% | $0.12 +700.0% | $-0.02 +98.3% | $-1.21 -228.7% | $0.94 +20.5% | $0.78 |
| Total Assets | $341.5M -1.4% | $346.3M -3.8% | $360.0M -3.7% | $374.0M -12.5% | $427.7M +17.7% | $363.4M |
| Total Debt | $18.2M -49.2% | $35.9M +49.5% | $24.0M +6.8% | $22.5M -23.4% | $29.3M -14.7% | $34.4M |
| Operating Cash Flow | $17.9M -42.4% | $31.0M +471.8% | $5.4M -83.3% | $32.4M +27.0% | $25.5M -42.8% | $44.6M |
AI Insight: SND Financial Trends
Smart Sand faces margin pressure despite stable revenue around $86–93M; operating income has turned negative in two of last three quarters.
• Revenue stabilized Q4 2025–Q1 2026 at $86–93M after Q1 2025 dip to $66M, but operating income swung to −$5M in Q1 2026.
• Operating cash flow recovered to +$18–22M in Q3–Q4 2025, though fell sharply to +$3M in Q1 2026.
• Total debt rose to $28M in Q2 2025 but stabilized at $19–21M by Q1 2026; equity held steady near $240M.
⚠ Operating income turned negative (−$5M) in Q1 2026 after modest +$5M in Q3 2025, signaling deteriorating operational leverage.
⚠ Net income swung from +$21M (Q2 2025) to −$4M (Q1 2026), reflecting earnings volatility despite flat revenue.
⚠ Operating cash flow collapsed to +$3M in Q1 2026 from +$22M in Q4 2025; disconnect between cash generation and headline revenue.
AI Insight: SND Ratio Trends
Smart Sand's profitability collapsed in Q1 2026, with operating margin diving to -5.2% and ROIC turning sharply negative after modest recovery in Q3 2025.
• Operating margin swung from +5.8% in Q3 2025 to -5.2% in Q1 2026, marking a sharp deterioration in core operational efficiency.
• ROIC declined from +8.3% in Q3 2025 to -7.6% in Q1 2026, erasing nearly all capital returns and signaling value destruction.
• Leverage remains modest at 0.09 D/E in Q1 2026, providing minimal buffer as profitability metrics crumble.
⚠ Extreme volatility: NPM ranged from -37.0% (Q1 2025) to +24.9% (Q2 2025), suggesting operational instability or one-off items.
⚠ Q1 2026 profitability collapse mirrors Q1 2025's downturn, signaling potential seasonal or structural weakness in H1.
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Top Institutional Holders of SND
GENDELL JEFFREY L
$16.0M3,126,915 shVANGUARD CAPITAL MANAGEMENT LLC
$6.1M1,183,908 shDIMENSIONAL FUND ADVISORS LP
$4.1M798,809 shARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$4.1M798,823 shBRIDGEWAY CAPITAL MANAGEMENT, LLC
$4.0M784,916 shSPROTT INC.
$3.8M750,000 shSimcoe Capital LLC
$3.2M620,189 shMILLENNIUM MANAGEMENT LLC
$2.5M485,273 shBlackRock, Inc.
$2.5M483,778 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$2.4M475,600 sh
| Fund | Value | Shares |
|---|---|---|
| GENDELL JEFFREY L | $16.0M | 3,126,915 |
| VANGUARD CAPITAL MANAGEMENT LLC | $6.1M | 1,183,908 |
| DIMENSIONAL FUND ADVISORS LP | $4.1M | 798,809 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $4.1M | 798,823 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $4.0M | 784,916 |
| SPROTT INC. | $3.8M | 750,000 |
| Simcoe Capital LLC | $3.2M | 620,189 |
| MILLENNIUM MANAGEMENT LLC | $2.5M | 485,273 |
| BlackRock, Inc. | $2.5M | 483,778 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2.4M | 475,600 |
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Popular Research
Is SND a good stock to buy?
13F Pro's AI-powered analysis of Smart Sand, Inc. (SND) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Materials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SND are available on the SND stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SND?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SND. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Smart Sand, Inc.'s investment landscape.