Filing Flows › South Dakota Soybean Processors LLC (SDSYA) › Q2 2025
South Dakota Soybean Processors LLC (SDSYA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $111M for the second quarter 2025 (Q2 2025), -26% from a year earlier and -6% from the quarter before. Operating margin was -1.3%, net loss $2.5M (2.2% of revenue).
South Dakota Soybean Processors LLC, Q2 2025: revenue $111M (-26% year over year), operating margin -1.3%, net loss $2.5M, operating cash flow $1.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $111M | -6% | -26% |
| Operating profit | −$1.4M | -134% | — |
| Net earnings | −$2.5M | -156% | — |
| Operating cash flow | $1.9M | — | -93% |
What changed
Revenue was $110.6M in Q2 2025, down 26% year over year and down 6% from the previous quarter. Soybean meal and hulls was the largest line at 58% of revenue. Soybean meal and hulls lost $21.3M year over year (down 25%), 54% of the total change.
Gross margin was 0.2%, down 5.5 points from a year earlier. Operating costs exceeded revenue by $1.4M, an operating margin of -1.3%. Operating expenses grew 12% against a revenue fall of 26%. The quarter ended with a net loss of $2.5M, after a profit of $4.1M the previous quarter. Minority interests bore $1.5M of it: to shareholders the quarter was a loss of $1.0M.
Operating cash flow was $1.9M (down 93% year over year). Non-cash charges added back $2.0M of depreciation and amortization. Working capital and other items added $2.4M. Capital expenditures of $62.1M exceeded it, leaving free cash flow of −$60.2M.
Questions
What was South Dakota Soybean Processors LLC's revenue in the second quarter 2025?
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $111M for the second quarter 2025 (Q2 2025), -26% from a year earlier and -6% from the quarter before.
Was South Dakota Soybean Processors LLC profitable in the second quarter 2025?
Operating loss was $1.4M (-1.3% of revenue) and net loss $2.5M.
Source: South Dakota Soybean Processors LLC 10-Q on SEC EDGAR.