Filing Flows › Smart Sand (SND) › Q4 2024
Smart Sand (SND) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 4, 2025
Smart Sand (SND) reported revenue of $91.4M for the fourth quarter 2024 (Q4 2024), +47% from a year earlier and +45% from the quarter before. Operating margin was 3.9%, net earnings $3.7M (4.1% of revenue).
Smart Sand, Q4 2024: revenue $91.4M (+48% year over year), operating margin 3.9%, net earnings $3.7M, operating cash flow $1.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $91.4M | +45% | +47% |
| Gross profit | $13.5M | +107% | +375% |
| Operating profit | $3.6M | — | — |
| Net earnings | $3.7M | — | — |
| Operating cash flow | $1.0M | -82% | — |
What changed
Revenue was $91.4M in Q4 2024, up 47% year over year and up 45% from the previous quarter. Sand revenue was the largest line at 99% of revenue.
Gross margin was 14.7%, up 10.2 points from a year earlier. Operating profit was $3.6M, a 3.9% margin (up 16.7 points year over year). Operating expenses fell 8% while revenue rose 47%. Net earnings were $3.7M. The effective tax rate was -16.9%.
Operating cash flow was $1.0M, 28% of net earnings. Non-cash charges added back $7.8M of depreciation and amortization and $868K of share-based compensation. Working capital and other items used $11.4M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$840K.
Questions
What was Smart Sand's revenue in the fourth quarter 2024?
Smart Sand (SND) reported revenue of $91.4M for the fourth quarter 2024 (Q4 2024), +47% from a year earlier and +45% from the quarter before.
Was Smart Sand profitable in the fourth quarter 2024?
Operating profit was $3.6M (3.9% of revenue) and net earnings $3.7M.
Source: Smart Sand 10-K on SEC EDGAR.