Filing Flows › South Dakota Soybean Processors LLC (SDSYA) › Q3 2025
South Dakota Soybean Processors LLC (SDSYA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $130M for the third quarter 2025 (Q3 2025), -0.6% from a year earlier and +17% from the quarter before. Operating margin was 9.2%, net earnings $10.8M (8.3% of revenue).
South Dakota Soybean Processors LLC, Q3 2025: revenue $130M (-0.6% year over year), operating margin 9.2%, net earnings $10.8M, operating cash flow $20.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $130M | +17% | -0.6% |
| Gross profit | $13.8M | 50× | +505% |
| Operating profit | $11.9M | — | 12× |
| Net earnings | $10.8M | — | 460× |
| Operating cash flow | $20.9M | 11× | -14% |
What changed
Revenue was $129.8M in Q3 2025, down 1% year over year and up 17% from the previous quarter. Soybean meal and hulls was the largest line at 53% of revenue. Soybean oil and oil byproducts lost $1.1M year over year (down 2%), 134% of the total change.
Gross margin was 10.6%, up 8.9 points from a year earlier. Operating profit was $11.9M, a 9.2% margin (up 8.4 points year over year). Operating expenses grew 49% against a revenue fall of 1%. Net earnings were $10.8M, up 45876% year over year. The effective tax rate was 0.0%.
Operating cash flow was $20.9M (down 14% year over year), 191% of net earnings. Non-cash charges added back $2.0M of depreciation and amortization. Working capital and other items added $8.0M. Capital expenditures of $35.5M exceeded it, leaving free cash flow of −$14.5M.
Questions
What was South Dakota Soybean Processors LLC's revenue in the third quarter 2025?
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $130M for the third quarter 2025 (Q3 2025), -0.6% from a year earlier and +17% from the quarter before.
Was South Dakota Soybean Processors LLC profitable in the third quarter 2025?
Operating profit was $11.9M (9.2% of revenue) and net earnings $10.8M.
Source: South Dakota Soybean Processors LLC 10-Q on SEC EDGAR.