Smart Sand (SND) risk factors

Item 1A of every Smart Sand, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
54 risks8 new6 dropped8 reworded
Railroad consolidation risks were added, noting potential threats to unit train transport and shipping efficiency across operating sites.
Filed Feb 26, 2026
FY2024 10-K risk factors
52 risks
Smart Sand depends heavily on oil and gas industry activity, customer concentration, rail transport, and mining regulations.
Filed Mar 04, 2025