Filing Flows › South Dakota Soybean Processors LLC (SDSYA) › Q1 2026
South Dakota Soybean Processors LLC (SDSYA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $226M for the first quarter 2026 (Q1 2026), +91% from a year earlier and +55% from the quarter before. Operating margin was -3.5%, net loss $12.0M (5.3% of revenue).
South Dakota Soybean Processors LLC, Q1 2026: revenue $226M (+91% year over year), operating margin -3.5%, net loss $12.0M, operating cash flow −$82.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $226M | +55% | +91% |
| Operating profit | −$7.8M | -383% | -287% |
| Net earnings | −$12.0M | -435% | -374% |
| Operating cash flow | −$82.8M | — | — |
What changed
Revenue was $225.5M in Q1 2026, up 91% year over year and up 55% from the previous quarter. Soybean meal and hulls was the largest line at 56% of revenue. Soybean meal and hulls added $58.8M year over year (up 86%), 55% of the total change.
Operating costs exceeded revenue by $7.8M, an operating margin of -3.5%. The quarter ended with a net loss of $12.0M, after a profit of $338K the previous quarter. Minority interests bore $7.7M of it: to shareholders the quarter was a loss of $4.3M.
Operating cash flow was −$82.8M. Non-cash charges added back $7.8M of depreciation and amortization. Working capital and other items used $78.6M. Capital expenditures of $14.9M exceeded it, leaving free cash flow of −$97.6M.
Questions
What was South Dakota Soybean Processors LLC's revenue in the first quarter 2026?
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $226M for the first quarter 2026 (Q1 2026), +91% from a year earlier and +55% from the quarter before.
Was South Dakota Soybean Processors LLC profitable in the first quarter 2026?
Operating loss was $7.8M (-3.5% of revenue) and net loss $12.0M.
Source: South Dakota Soybean Processors LLC 10-Q on SEC EDGAR.