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South Dakota Soybean Processors LLC (SDSYA) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · South Dakota Soybean Processors LLC (SDSYA) Q2 2026 earnings results →
Q2 2026 Revenue up 196% year over year to $327M · 7¢ of every $1 of revenue kept as net profit · operating margin 10.4%
South Dakota Soybean Processors LLC made $327M in Q2 2026 (+196% Y/Y): Soybean oil and oil byproducts $195M, Soybean meal and hulls $132M. Operating margin 10.4%, net earnings $23.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
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What changed this quarter
Revenue was $326.9M in Q2 2026, up 195% year over year and up 45% from the previous quarter. Soybean oil and oil byproducts was the largest line at 60% of revenue. Soybean oil and oil byproducts added $148.9M year over year (up 322%), 69% of the total change.
Gross margin was 11.1%, up 10.9 points from Q2 2025. Operating profit was $34.2M, a 10.4% margin (up 11.7 points year over year). Operating expenses grew 33% against revenue growth of 195%. Net earnings were $23.7M. The effective tax rate was 0.0%.
Operating cash flow was $31.8M (up 1579% year over year), 115% of net income including minority interests. Non-cash charges added back $7.6M of depreciation. Working capital and other items used $3.4M. Capital expenditures of $2.8M left free cash flow of $29.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $327M | +196% | 10.4% | $23.7M | $31.8M |
| Q1 2026 | 10-Q | May 14, 2026 | $226M | +91% | -3.5% | −$12.0M | −$82.8M |
| Q4 2025 | 10-K | Mar 31, 2026 | $145M | +16% | 1.9% | $3.6M | −$21.8M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $130M | -0.6% | 9.2% | $10.8M | $20.9M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $111M | -26% | -1.3% | −$2.5M | $1.9M |
| Q1 2025 | 10-Q | May 9, 2025 | $118M | -20% | 3.5% | $4.4M | −$39.9M |
| Q4 2024 | 10-K | Mar 28, 2025 | $126M | -26% | 7.6% | $8.8M | $37.2M |
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About South Dakota Soybean Processors LLC
South Dakota Soybean Processors, LLC (“we,” “us,” “our” or the “Company”) is the owner and operator of three processing facilities and two oil refineries in the state of South Dakota. Our principal place of business is in Volga, South Dakota, where we operate a soybean processing plant and refinery and maintain administrative offices. We also own and operate a small oilseed processing plant near Miller, South Dakota. In addition, we own a controlling interest in and manage High Plains Processing, LLC, a large oilseed processing plant and refinery located two miles south of Mitchell, South Dakota. Construction of the Mitchell facility was completed and start-up operations commenced in October 2025, the addition of which will nearly double our total production capacity.
In its own words, from its 10-K, filed Mar 31, 2026.
South Dakota Soybean Processors LLC against its Fats & Oils peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +196% against the peers' median +14%. Operating margin: 10.4% against the peers' median 10.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SDSYA South Dakota Soybean Processors LLC | Q2 2026 | $327M | +196% | 10.4% |
| BG Bunge Global SA | Q3 2026 | $23.8B | +7% | 2.2% |
| ADM Archer-Daniels-Midland | Q3 2026 | $22.3B | +10% | 4.5% |
| DAR Darling Ingredients | Q3 2026 | $1.8B | +14% | 18.6% |
Source: South Dakota Soybean Processors LLC 10-Q on SEC EDGAR · CIK 1163609 · Fats & Oils
More on SDSYA
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
- South Dakota Soybean Processors LLC gross margin by quarter
- South Dakota Soybean Processors LLC operating margin by quarter
- South Dakota Soybean Processors LLC net income by quarter
- South Dakota Soybean Processors LLC capital expenditures by quarter
- South Dakota Soybean Processors LLC Soybean oil and oil byproducts revenue by quarter
- South Dakota Soybean Processors LLC Soybean meal and hulls revenue by quarter