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Golden Growers Cooperative (GGROU) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Golden Growers Cooperative (GGROU) Q2 2026 earnings results →

Q2 2026 Revenue down 8% year over year to $14.9M · 10¢ of every $1 of revenue kept as net profit · operating margin 9.7%

Golden Growers Cooperative made $14.9M in Q2 2026 (-8% Y/Y). Operating margin 9.7%, net earnings $1.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.

Revenue$14.9M
Year over year-8%
Operating margin9.7%
Net earnings$1.5M
Operating cash flow−$238K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $14.9M in Q2 2026, down 8% year over year and down 17% from the previous quarter.

Operating profit was $1.4M, a 9.7% margin (up 1.0 points year over year). Total costs fell 9% while revenue fell 8%. Net earnings were $1.5M, down 1% year over year. The effective tax rate was 0.0%.

Operating cash flow was −$238K. Working capital and other items used $1.7M.

Quarterly history

Golden Growers Cooperative revenue by quarterGolden Growers Cooperative revenue by quarter$20.1MQ1 2025$16.2MQ2 2025$12.3MQ3 2025$17.9MQ1 2026$14.9MQ2 2026
Golden Growers Cooperative net earnings by quarterGolden Growers Cooperative net earnings by quarter$1.6MQ1 2025$1.5MQ2 2025$1.4MQ3 2025$1.4MQ1 2026$1.5MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 11, 2026$14.9M-8%9.7%$1.5M−$238K
Q1 202610-QMay 8, 2026$17.9M-11%7.7%$1.4M−$42K
Q3 202510-QNov 13, 2025$12.3M-8%10.9%$1.4M−$77K
Q2 202510-QAug 13, 2025$16.2M+3%8.7%$1.5M−$85K
Q1 202510-QMay 13, 2025$20.1M+11%7.5%$1.6M−$150K

Charts

Golden Growers Cooperative: revenue growth, year over year and quarter over quarterGolden Growers Cooperative: revenue growth, year over year and quarter over quarterY/YQ/Q+11%Q1 2025+3%-19%Q2 2025-8%-24%Q3 2025-11%+45%Q1 2026-8%-17%Q2 2026
Latest (Q2 2026): Y/Y -8%, Q/Q -17%.
Golden Growers Cooperative: where the cash came from (+) and went (−), FY2023Golden Growers Cooperative: where the cash came from (+) and went (−), FY2023Other investing$7.0MOther financing−$6.8MOperating cash flow−$281KCash drawn (+) / kept (−)$49K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Golden Growers Cooperative: profit against cash, quarter by quarterGolden Growers Cooperative: profit against cash, quarter by quarterNet incomeOperating cash flow$1.5M−$311KQ1 2024$1.5M−$44KQ2 2024$1.6M$379KQ3 2024$1.6M−$150KQ1 2025$1.5M−$85KQ2 2025$1.4M−$77KQ3 2025$1.4M−$42KQ1 2026$1.5M−$238KQ2 2026
Latest (Q2 2026): Net income $1.5M, Operating cash flow −$238K.
Golden Growers Cooperative in its industry: growth against margin (6 companies, SIC 0700)Golden Growers Cooperative in its industry: growth against margin (6 companies, SIC 0700)revenue growth, year over year →↑ operating marginmedian +1%median 4%BVDavey Tree Expert CoAVORYMCVATGGROU (-8%, 10%)
Agricultural Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Golden Growers Cooperative

Golden Growers Cooperative (“we,” “us,” “our,” and the “Cooperative”) is a value-added agricultural cooperative association owned by 1,445 members primarily from Minnesota, North Dakota and South Dakota, all of whom deliver corn to the Cooperative for processing. The Cooperative was originally formed in 1994 as a North Dakota agricultural cooperative with the goal of allowing its members to receive additional value from the corn that they grow through the processing of that corn into value-added products, such as corn sweeteners.

In its own words, from its 10-K, filed Mar 18, 2026.

Golden Growers Cooperative against its Agricultural Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -8% against the peers' median +1%. Operating margin: 9.7% against the peers' median 4.1%.

CompanyQuarterRevenueY/YOp. margin
GGROU Golden Growers CooperativeQ2 2026$14.9M-8%9.7%
BV BrightView HoldingsQ3 FY26$718M+1%4.5%
Davey Tree ExpertQ2 2026$519M+1%8.2%
AVO Mission ProduceQ3 FY26$450M+26%0.1%
RYM RythmQ3 2026$23.9M+490%4.1%
BNC BNB StandardQ1 FY27$7.2M—-296.3%
CVAT Cavitation TechnologiesQ3 FY26$3K-98%n/m

Source: Golden Growers Cooperative 10-Q on SEC EDGAR · CIK 1489874 · Agricultural Services

More on GGROU

History

Every quarter: Q2 2026 results · Q1 2026 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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