Smart Sand Q1 revenue jumps 42% on volume recovery; tariff exemptions secured, $20M buyback approved

Filed May 12, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 13, 2025 · ~1 min read

Key Changes

• high

  Q1 2026 revenue rose 42% year-over-year to $93.1M on 40% higher sand volumes (1.49M tons), reversing prior-year decline and signaling sustained customer demand recovery.

  MD&A: Revenue and Volume Growth verify on EDGAR →
• high

  Company secured tariff exemption for Canadian sales via Surtax Remission Order, eliminating 25% tariff in effect early 2025; Mexican sales also remain exempt, removing cost headwind for cross-border customers.

  MD&A: Tariff Status verify on EDGAR →
• high

  Board approved new $20M two-year share repurchase program (effective April 2026) and paid $0.10/share special dividend ($3.9M total) in May 2026, continuing capital return despite Q1 free cash flow timing issues.

  MD&A: Capital Allocation verify on EDGAR →