Filing Flows › South Dakota Soybean Processors LLC (SDSYA) › Q1 2025
South Dakota Soybean Processors LLC (SDSYA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $118M for the first quarter 2025 (Q1 2025), -20% from a year earlier and -6% from the quarter before. Operating margin was 3.5%, net earnings $4.4M (3.7% of revenue).
South Dakota Soybean Processors LLC, Q1 2025: revenue $118M (-20% year over year), operating margin 3.5%, net earnings $4.4M, operating cash flow −$39.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $118M | -6% | -20% |
| Gross profit | $5.9M | -47% | -19% |
| Operating profit | $4.2M | -56% | -27% |
| Net earnings | $4.4M | -50% | -20% |
| Operating cash flow | −$39.9M | -207% | — |
What changed
Revenue was $117.9M in Q1 2025, down 20% year over year and down 6% from the previous quarter. Soybean meal and hulls was the largest line at 58% of revenue. Soybean oil and oil byproducts lost $15.2M year over year (down 23%), 50% of the total change.
Gross margin was 5.0%, up 0.1 points from a year earlier. Operating profit was $4.2M, a 3.5% margin (down 0.3 points year over year). Operating expenses grew 6% against a revenue fall of 20%. Net earnings were $4.4M, down 20% year over year ($4.1M including minority interests, which bore $283K of losses). The effective tax rate was 0.0%.
Operating cash flow was −$39.9M. Non-cash charges added back $2.0M of depreciation and amortization. Working capital and other items used $46.0M. Capital expenditures of $60.8M exceeded it, leaving free cash flow of −$100.8M.
Questions
What was South Dakota Soybean Processors LLC's revenue in the first quarter 2025?
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $118M for the first quarter 2025 (Q1 2025), -20% from a year earlier and -6% from the quarter before.
Was South Dakota Soybean Processors LLC profitable in the first quarter 2025?
Operating profit was $4.2M (3.5% of revenue) and net earnings $4.4M.
Source: South Dakota Soybean Processors LLC 10-Q on SEC EDGAR.