Quarterly ResultMay 12, 2026, 04:07 PM
Smart Sand Q1 Net Loss Narrows to $3.86M; Revenue Jumps to $93.11M
AI Summary
Smart Sand, Inc. reported a significantly reduced net loss of $3.86 million for the first quarter of 2026, a substantial improvement from a $24.23 million net loss in the prior year. Total revenue increased to $93.11 million, primarily driven by a strong performance in the Sand segment, which saw revenues rise to $92.49 million. However, the SmartSystems segment experienced a decline in revenue. The company also declared a special dividend of $0.10 per share, amounting to approximately $3.94 million.
Key Highlights
- Net loss for Q1 2026 was $(3.86) million, a significant improvement from $(24.23) million in Q1 2025.
- Total revenue increased to $93.11 million in Q1 2026 from $65.56 million in Q1 2025.
- Sand segment revenue rose to $92.49 million in Q1 2026 from $64.46 million in Q1 2025.
- SmartSystems segment revenue decreased to $0.62 million in Q1 2026 from $1.09 million in Q1 2025.
- A special dividend of $0.10 per share was declared on April 9, 2026, totaling approximately $3.94 million.
- Net cash provided by operating activities decreased to $3.04 million in Q1 2026 from $8.72 million in Q1 2025.
- Total liabilities increased to $101.55 million at March 31, 2026, from $100.32 million at December 31, 2025.