Filing Flows › South Dakota Soybean Processors LLC (SDSYA) › Q4 2025
South Dakota Soybean Processors LLC (SDSYA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $145M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and +12% from the quarter before. Operating margin was 1.9%, net earnings $3.6M (2.5% of revenue).
South Dakota Soybean Processors LLC, Q4 2025: revenue $145M (+16% year over year), operating margin 1.9%, net earnings $3.6M, operating cash flow −$21.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $145M | +12% | +16% |
| Gross profit | $4.7M | -66% | -58% |
| Operating profit | $2.8M | -77% | -71% |
| Net earnings | $3.6M | -67% | -59% |
| Operating cash flow | −$21.8M | -204% | -159% |
What changed
Revenue was $145.4M in Q4 2025, up 16% year over year and up 12% from the previous quarter. Soybean meal and hulls was the largest line at 65% of revenue.
Gross margin was 3.3%, down 5.7 points from Q4 2024. Operating profit was $2.8M, a 1.9% margin (down 5.7 points year over year). Operating profit fell $6.8M even though revenue rose $19.6M versus Q4 2024, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 16%. Net earnings were $3.6M, down 59% year over year ($338K including minority interests, which bore $3.2M of losses). The effective tax rate was 0.0%.
Operating cash flow was −$21.8M. Non-cash charges added back $3.9M of depreciation and amortization. Working capital and other items used $26.0M. Capital expenditures of $43.8M exceeded it, leaving free cash flow of −$65.6M.
Questions
What was South Dakota Soybean Processors LLC's revenue in the fourth quarter 2025?
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $145M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and +12% from the quarter before.
Was South Dakota Soybean Processors LLC profitable in the fourth quarter 2025?
Operating profit was $2.8M (1.9% of revenue) and net earnings $3.6M.
Source: South Dakota Soybean Processors LLC 10-K on SEC EDGAR.