All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2017; the latest 2020-05-19.
From the record
Smart Sand, Inc.'s filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2020-05-19) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+21% a year over 10 filed years; profitable in 8 of 10.
From the record
Smart Sand, Inc.'s 10 filed years say what it did: revenue went from $59 million in fiscal 2016 to $330 million in fiscal 2025, up 21% a year; it rose in 8 of 9 years; the deepest fall was 48% from fiscal 2019 to fiscal 2020; net income was positive in 8 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count shrank 2.3% a year. 12% of cash flow returned. Insiders: 15 sales, 3 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Smart Sand, Inc.'s diluted share count shrank about 2.3% a year, and dividends and buybacks returned about 12% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 15 sales and 3 purchases of their own stock on the open market in the year to 2026-09-30, buying about $42 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 1%: 1¢ of profit per shareholder dollar. Leverage 30%: owes 30¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Smart Sand, Inc. earned about 1 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 11 cents per dollar of everything the company owns. Leverage: it owed about 30 cents per dollar of assets, and net share issuance: its share count grew 1.3% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 42% of 18 in its family; net margin 0.4%.
From the record
Smart Sand, Inc.'s standing among 18 graded names in its industry family: revenue of $330 million in fiscal 2025 ranks in the bottom 32% by size; a net margin of 0.4% ranks in the bottom 39%; revenue growth of 8.9% a year over the last 3 filed years ranks in the top 47% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 19% of 13 in its family for leadership; chief executive since 2016.
From the record
Smart Sand, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Young, Charles Edwin (CEO, as filed), filing under that title since 2016-11-03, 10 years (top 27% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 10 years (top 4%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 45% of 19 in its family for room to expand.
From the record
Smart Sand, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $23 million against debt of $9 million leaves 4.1% of its assets as net cash, top 50% of its family; cash from operations less capital spending is 9.9% of revenue (top 29%); a gross margin of 11.5% (bottom 15%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 26% of 19 in its family for growth drivers.
From the record
Smart Sand, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 8.9% a year over the last three filed years against 21% over all 10, slowing (bottom 14% of its family); the newest year grew 6% (bottom 34%); capital spending grew -3.1% a year (bottom 31%) (its annual reports). Smart Sand, Inc. reported 2 lines of business in fiscal 2025: Sand at $326 million (99%), Smart Systems at $4 million (1%); 1 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 42% of 16 in its family for expectations against reality.
From the record
Smart Sand, Inc.'s newest year against its own record: revenue of $330 million in fiscal 2025 came in 3.9% below the $344 million its prior three years' pace pointed to (bottom 34% of its family); net income of $1 million against a prior three-year average of $2 million (bottom 38%); a net margin of 0.4% against 0.8% before (top 47%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made