Filing Flows › Smart Sand (SND) › Q2 2026
Smart Sand (SND) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Smart Sand (SND) reported revenue of $115M for the second quarter 2026 (Q2 2026), +34% from a year earlier and +24% from the quarter before. Operating margin was 8.7%, net earnings $10.2M (8.8% of revenue).
Smart Sand, Q2 2026: revenue $115M (+34% year over year), operating margin 8.7%, net earnings $10.2M, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $115M | +24% | +34% |
| Gross profit | $19.8M | +225% | +121% |
| Operating profit | $10.1M | — | — |
| Net earnings | $10.2M | — | -52% |
| Operating cash flow | $3.4M | +12% | — |
What changed
Revenue was $115.0M in Q2 2026, up 34% year over year and up 24% from the previous quarter. Sand was the largest line at 99% of revenue. Sand added $29.3M year over year (up 35%), 100% of the total change.
Gross margin was 17.2%, up 6.8 points from Q2 2025. Operating profit was $10.1M, a 8.7% margin (up 8.8 points year over year). Operating expenses grew 8% against revenue growth of 34%. Net earnings were $10.2M, down 52% year over year. The effective tax rate was 0.5%.
Operating cash flow was $3.4M, 34% of net earnings. Non-cash charges added back $7.7M of depreciation and amortization and $712K of share-based compensation. Working capital and other items used $15.2M. Capital expenditures of $4.8M exceeded it, leaving free cash flow of −$1.4M.
Questions
What was Smart Sand's revenue in the second quarter 2026?
Smart Sand (SND) reported revenue of $115M for the second quarter 2026 (Q2 2026), +34% from a year earlier and +24% from the quarter before.
Was Smart Sand profitable in the second quarter 2026?
Operating profit was $10.1M (8.7% of revenue) and net earnings $10.2M.
Source: Smart Sand 10-Q on SEC EDGAR.