Smart Sand (SND) Operating Expenses (2015 - 2026)
Smart Sand (SND) recorded quarterly Operating Expenses of $11.0 million in Q1 2026, down 21.15% quarter-over-quarter from $13.9 million in Q4 2025, and up 11.8% on a YoY basis from $9.8 million in Q1 2025.
Smart Sand (SND) Operating Expenses (2015 - 2026) Analysis & Trends
Smart Sand's Operating Expenses history runs 12 years deep, the most recent figure standing at $11.0 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 11.8% year-over-year to $11.0 million; the TTM figure through Mar 2026 stood at $43.5 million (up 7.12% YoY), while the FY2025 annual figure was $42.3 million, up 1.26% from the prior year.
- Operating Expenses was $11.0 million for Q1 2026 at Smart Sand, down from $13.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $13.9 million in Q4 2025 to a low of $1.5 million in Q4 2022.
- Historically, Operating Expenses has averaged $9.6 million across 5 years, with a median of $9.6 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses slumped 82.74% in 2022, then jumped 634.34% in 2023.
- A 5-year view of Operating Expenses shows it stood at $1.5 million in 2022, then surged by 634.34% to $10.7 million in 2023, then retreated by 8.27% to $9.8 million in 2024, then surged by 41.42% to $13.9 million in 2025, then dropped by 21.15% to $11.0 million in 2026.
- The last three Operating Expenses figures came in at $11.0 million (Q1 2026), $13.9 million (Q4 2025), and $9.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 261.00 Mn |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 732.00 Mn |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 4.72 Bn |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 2.14 Bn |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | -76.01 Mn |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 9.00 Mn |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 1.03 Bn |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 45.83 Mn |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 238.95 Mn |
| 10 | Smart Sand | 213.49 Mn | 194.04 Mn | 6.11 Mn | 10.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.98 Mn |
| Dec 31, 2025 | 13.93 Mn |
| Sep 30, 2025 | 9.57 Mn |
| Jun 30, 2025 | 9.03 Mn |
| Mar 31, 2025 | 9.82 Mn |
| Dec 31, 2024 | 9.85 Mn |
| Sep 30, 2024 | 11.40 Mn |
| Jun 30, 2024 | 9.55 Mn |
| Mar 31, 2024 | 11.03 Mn |
| Dec 31, 2023 | 10.74 Mn |
| Sep 30, 2023 | 9.47 Mn |
| Jun 30, 2023 | 9.61 Mn |
| Mar 31, 2023 | 13.25 Mn |
| Dec 31, 2022 | 1.46 Mn |
| Sep 30, 2022 | 7.65 Mn |
| Jun 30, 2022 | 7.58 Mn |
| Mar 31, 2022 | 7.97 Mn |
| Dec 31, 2021 | 8.47 Mn |
| Sep 30, 2021 | 6.71 Mn |
| Jun 30, 2021 | 26.31 Mn |