Smart Sand (SND) Balance Sheet: Assets & Liabilities

Smart Sand (SND) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Smart Sand reported total assets of $340.01M and total liabilities of $100.32M. Shareholders' equity was $239.70M, down 1.7% from $243.81M a year earlier. Total debt stood at $36.18M against $22.55M in cash and short-term investments, a net debt position of $13.63M. That puts debt-to-equity at 0.15, compared with 0.05 a year earlier.

Smart Sand Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Smart Sand, Inc. (SND) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	22.55	1.55	6.07	5.51	25.59	11.73	2.64	1.47	34.74
Cash & Short-Term Investments	22.55	1.55	6.07	5.51	25.59	11.73	2.64	1.47	34.74
Accounts Receivable	30.52	46.29	23.23	35.83	19.37	69.85	63.69	26.81	24.57
Inventory	31.08	25.04	26.82	20.19	15.02	19.14	21.42	18.58	9.09
Other Current Assets	3.99	2.64	2.40	6.59	13.89	11.38	2.63	6.49	4.34
Total Current Assets	88.14	75.53	61.90	68.11	73.86	112.09	90.38	50.10	72.74
Non-Current Assets
Property, Plant & Equipment (Net)	246.73	259.85	278.36	284.92	292.29	306.78	258.64	248.40	172.20
Long-Term Investments	0.00	0.00	0.00	-20.66	-18.32	-10.12	-7.42	-9.50	0.00
Intangible Assets	4.29	5.08	5.88	6.67	7.46	8.25	9.05	18.07	0.00
Other Non-Current Assets	0.86	1.09	0.16	0.30	0.40	0.56	3.54	3.73	1.69
Total Non-Current Assets	251.87	266.02	284.40	291.89	300.16	315.59	271.23	270.20	174.07
Total Assets	340.01	341.55	346.30	360.00	374.02	427.68	361.60	320.29	246.80
Current Liabilities
Accounts Payable	9.43	16.99	16.04	14.44	8.48	3.27	3.96	11.34	26.12
Short-Term Debt	13.13	3.32	15.47	5.82	7.01	13.98	19.28	0.92	0.86
Current Portion of Long-Term Debt	4.37	3.55	15.71	6.18	7.13	6.78	-	-	-
Accrued Liabilities	11.34	12.56	6.86	13.43	14.07	13.09	-	-	-
Deferred Revenue	9.84	0.05	1.15	6.96	9.84	6.88	7.65	4.10	-0.57
Other Current Liabilities	17.54	0.29	10.16	0.60	0.06	10.12	8.58	8.30	7.58
Total Current Liabilities	49.94	43.21	54.47	51.92	48.55	37.26	40.02	24.65	34.56
Non-Current Liabilities
Long-Term Debt	23.05	9.13	2.91	9.81	15.35	49.47	43.71	47.89	0.00
Deferred Tax Liabilities	4.19	9.32	12.10	18.24	22.43	32.98	24.02	17.90	13.24
Other Non-Current Liabilities	23.14	30.91	0.04	37.17	45.27	15.68	8.04	20.49	8.98
Total Non-Current Liabilities	50.38	54.53	49.57	64.62	84.31	101.61	77.44	86.28	22.22
Total Liabilities	100.32	97.74	104.03	116.53	132.86	138.87	117.46	110.93	56.78
Stockholders' Equity
Common Stock	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Retained Earnings	68.07	73.24	74.54	69.89	70.59	121.27	81.90	50.28	31.59
Accumulated Other Comprehensive Income	-0.05	-0.06	-0.04	0.23	0.57	0.42	-0.04	-0.31	-26.37
Treasury Stock	17.39	14.67	14.25	5.08	4.54	-	-	-	-
Additional Paid-in Capital	171.64	185.26	181.97	178.39	174.49	167.08	162.24	159.36	158.39
Shares Outstanding	38.94	39.07	38.49	43.09	41.79	-	-	-	-
Total Stockholders' Equity	239.70	243.81	242.27	243.47	241.16	288.81	244.14	209.36	190.02
Total Liabilities & Equity	340.01	341.55	346.30	360.00	374.02	427.68	361.60	320.29	246.80

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Smart Sand Balance Sheet

How much debt does Smart Sand have?

Smart Sand had total debt of $36.18M as of Dec 31, 2025, against $22.55M in cash and short-term investments. Its debt-to-equity ratio was 0.15. Total debt was $12.45M a year earlier.

What are Smart Sand's total assets?

Smart Sand reported total assets of $340.01M as of Dec 31, 2025, down 0.4% from $341.55M a year earlier. Total liabilities were $100.32M.

What is Smart Sand's shareholders' equity?

Smart Sand's shareholders' equity was $239.70M as of Dec 31, 2025, or about $6.15 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition