Every 10-Q that SOUTH DAK SOY UNIT CL A (SDSYA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SDSYA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SDSYA filings page.
South Dakota Soybean Processors, LLC reported sharply improved results for the six months ended June 30, 2026. Revenue was $552.5 million, up 141.7% year over year, and net income attributable to the company rose to $19.5 million from $3.4 million, driven by stronger processing margins and higher soybean oil prices supported by updated Renewable Volume Obligations.
The new Mitchell, South Dakota facility effectively doubled processing capacity and was a key driver of higher volumes, though the subsidiary still incurred a net loss. Leverage rose, with long‑term debt at $323.1 million and interest expense up more than fourfold. Despite higher earnings and working capital of about $78.8 million, operating activities used $51.0 million of cash due to large swings in working capital and derivative mark‑to‑market losses, which management views as timing effects on economic hedges. The company has substantial liquidity through multiple CoBank credit facilities and reports effective controls, no material legal proceedings, and no changes to key risk factors.
South Dakota Soybean Processors, LLC posted a net loss attributable to the company of $4.3 million for the quarter ended March 31, 2026, versus net income of $4.4 million a year earlier. Revenue nearly doubled to $225.5 million, driven by a 91.2% increase in soybean processing volumes following the startup of the Mitchell, South Dakota facility.
Despite this growth, gross margin swung to a loss as cost of revenues exceeded sales and the company recorded $43.4 million in unrealized commodity derivative losses tied to rising crush values. Interest expense rose sharply to $6.1 million on higher borrowings supporting expansion. Management attributes the weaker results to temporary regulatory delays in renewable fuels markets, start-up inefficiencies at Mitchell, and mark-to-market effects, and expects stronger performance later in 2026 as record Renewable Volume Obligations support soybean oil demand.
South Dakota Soybean Processors (SDSYA) filed its Q3 2025 10‑Q, reporting stronger profitability. Q3 revenue was $129,821,885 and gross profit rose to $13,785,851, driving net income attributable to the Company to $10,753,809 ($0.35 per unit), up from $23,390 a year ago, aided by an $8.3 million gain on derivative activities.
For the nine months, revenue was $358,375,928 with net income attributable to the Company of $14,153,735. Operating cash flow was $(17,116,213), reflecting inventory builds and lower customer prepayments, while capital expenditures were $158,386,882 as the Mitchell, SD plant neared completion. Long‑term debt, net, was $216,268,394, including $171,255,552 outstanding on a delayed‑draw term loan. Working capital was about $34.2 million.
The Mitchell facility is substantially complete and entered operational testing; first soybeans were processed in October 2025, with contributions expected in Q4. There were 30,411,500 capital units outstanding as of November 12, 2025.