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South Dakota Soybean Processors LLC cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$29.0M in Q2 2026 · −$149M over twelve months

Operating cash flow$31.8M
Capital spending−$2.8M
Free cash flow+$29.0M
Cash / net income1.2×
Cash conversion cycle63 days

Analysis

In Q2 2026, South Dakota Soybean Processors LLC generated $31.8M of operating cash flow and spent $2.8M on capital projects, leaving free cash flow of $29.0M. That is $89.2M more than in Q2 2025 (−$60.2M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$51.8M; the largest uses were capital spending ($96.9M), operating cash flow ($51.8M), other investing ($300K); besides operations, cash came from net borrowing (+) / repaid (−) ($148M), asset & business sales ($289K); the cash balance fell by $1.1M.

Operating cash flow was $31.8M against net income of $27.6M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$7.6M, gains on disposals −$0.

Its cash conversion cycle was 63 days (receivables 12 + inventory 53 − payables 2).

Free cash flow

South Dakota Soybean Processors LLC: free cash flow by quarterSouth Dakota Soybean Processors LLC: free cash flow by quarter−$8.3MQ3 2024−$36.0MQ4 2024−$101MQ1 2025−$60.2MQ2 2025−$14.5MQ3 2025−$65.6MQ4 2025−$97.6MQ1 2026$29.0MQ2 2026
Operating cash flow less capital spending.
South Dakota Soybean Processors LLC: operating cash flow against capital spendingSouth Dakota Soybean Processors LLC: operating cash flow against capital spendingOperating cash flowCapital spending$24.4M$32.6MQ3 2024$37.2M$73.1MQ4 2024−$39.9M$60.8MQ1 2025$1.9M$62.1MQ2 2025$20.9M$35.5MQ3 2025−$21.8M$43.8MQ4 2025−$82.8M$14.9MQ1 2026$31.8M$2.8MQ2 2026
Latest (Q2 2026): Operating cash flow $31.8M, Capital spending $2.8M.

Capital allocation, year by year

South Dakota Soybean Processors LLC: where the cash came from (up) and went (down), by fiscal yearSouth Dakota Soybean Processors LLC: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingFY2021: Operating cash flow $18.0MFY2021: Net borrowing −$601KFY2021: Asset sales $150KFY2021: Capital spending −$13.4M$18.2MFY2021FY2022: Operating cash flow $27.4MFY2022: Net borrowing −$8.1MFY2022: Asset sales $276KFY2022: Capital spending −$7.8M$27.7MFY2022FY2023: Operating cash flow $129MFY2023: Net borrowing −$9.0MFY2023: Asset sales $294KFY2023: Capital spending −$104M$129MFY2023FY2024: Operating cash flow $58.4MFY2024: Net borrowing $69.2MFY2024: Asset sales $15KFY2024: Capital spending −$176M$128MFY2024FY2025: Operating cash flow −$38.9MFY2025: Net borrowing $212MFY2025: Asset sales $117KFY2025: Capital spending −$202M$212MFY2025
Over these 5 years operating cash flow totalled $194M; the largest uses were capital spending ($503M) and operating cash flow ($38.9M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$6.1M
Debt$323M
Net debt$317M
Due within a year$646K
Cash runway0 months

South Dakota Soybean Processors LLC is burning cash: its operations consume cash, a free cash flow of −$149M a year at the current rate against $6.1M of cash and investments: a runway of about 0 months; $646K of debt also comes due within a year, which would need refinancing or new money before any new financing.

South Dakota Soybean Processors LLC: debt maturities by year (FY2025)South Dakota Soybean Processors LLC: debt maturities by year (FY2025)$646KYear 1$20.7MYear 2$24.8MYear 3$198MYear 4$794KYear 5$8.9MAfter year 5
Principal due in each year as disclosed in the annual report, against $6.1M of cash and investments now.

Where the cash came from and went

South Dakota Soybean Processors LLC: sources (+) and uses (−) of cash, Q2 2026South Dakota Soybean Processors LLC: sources (+) and uses (−) of cash, Q2 2026Net borrowing (+) / repaid (−)−$40.1MOperating cash flow$31.8MOther financing$10.9MCapital spending−$2.8MCash drawn (+) / kept (−)$221KOther investing$3
South Dakota Soybean Processors LLC: sources (+) and uses (−) of cash, TTM to Q2 2026South Dakota Soybean Processors LLC: sources (+) and uses (−) of cash, TTM to Q2 2026Net borrowing (+) / repaid (−)$148MCapital spending−$96.9MOperating cash flow−$51.8MCash drawn (+) / kept (−)$1.1MOther investing−$300KAsset & business sales$289KOther financing−$100K

From profit to cash

South Dakota Soybean Processors LLC: net income to operating cash flow, Q2 2026South Dakota Soybean Processors LLC: net income to operating cash flow, Q2 2026Net income$27.6MDepreciation & amortization$7.6MOperating cash flow$31.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20261253263
Q1 20261261272
Q4 20251970288
Q3 20252158278
Q2 20252354276
Q1 20252245264
Q4 202422491061
Q3 202423551365

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$31.8M−$2.8M−$40.1M$221K$29.0M
Q1 2026−$82.8M−$14.9M$108M$2.0M−$97.6M
Q4 2025−$21.8M−$43.8M$60.1M$4.3M−$65.6M
Q3 2025$20.9M−$35.5M$10.4M−$5.4M−$14.5M
Q2 2025$1.9M−$62.1M$61.4M−$761K−$60.2M
Q1 2025−$39.9M−$60.8M$87.5M$33.2M−$101M
Q4 2024$37.2M−$73.1M$14.2M$19.7M−$36.0M
Q3 2024$24.4M−$32.6M−$33.2M$39.4M−$8.3M

South Dakota Soybean Processors LLC: income statement and cash flow

South Dakota Soybean Processors LLC, Q2 2026: revenue $327M (+196% year over year), operating margin 10.4%. The chart follows the revenue to costs, profit and cash.

South Dakota Soybean Processors LLC: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.