Filing Flows › Smart Sand (SND) › Q1 2026 › vs Q4 2025
Smart Sand (SND) Q1 2026 vs Q4 2025 (quarter over quarter)
Smart Sand's revenue rose $7.1M (+8%) from $86.0M in Q4 2025 to $93.1M in Q1 2026. The biggest changes: Sand +$7.4M (+9%); SmartSystems −$357K (-36%).
Smart Sand, Q1 2026: revenue $93.1M (+42% year over year), operating margin -5.2%, net loss $3.9M, operating cash flow $3.0M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Sand | $92.5M | $85.1M | $7.4M | +9% |
| SmartSystems | $623K | $980K | −$357K | -36% |
| Revenue | $93.1M | $86.0M | $7.1M | +8% |
| Income tax benefit | $1.2M | $4.3M | −$3.1M | -72% |
| Net loss | $3.9M | −$1.2M | $5.0M | — |
| Costs & expenses | $98.1M | $90.3M | $7.8M | +9% |
| Operating costs | $98.0M | $88.7M | $9.2M | +10% |
| Cost of revenue | $87.0M | $74.8M | $12.2M | +16% |
| SG&A | $10.7M | $13.1M | −$2.4M | -18% |
| Other operating costs | $272K | $842K | −$570K | -68% |
| Operating cash sources | $8.5M | $8.3M | $218K | +3% |
| Depreciation & amortization | $7.5M | $7.4M | $122K | +2% |
| Share-based compensation | $960K | $864K | $96K | +11% |
| Net loss absorbed | $3.9M | −$1.2M | $5.0M | — |
| Working capital & other | $1.6M | −$12.9M | $14.5M | — |
| Operating cash flow | $3.0M | $22.4M | −$19.3M | -86% |
Questions
How much did Smart Sand's revenue grow quarter over quarter in Q1 2026?
Smart Sand's revenue rose $7.1M (+8%) from $86.0M in Q4 2025 to $93.1M in Q1 2026.
What drove Smart Sand's revenue change in Q1 2026?
Sand +$7.4M (+9%); SmartSystems −$357K (-36%).