South Dakota Soybean Processors LLC filed its quarterly report on Form 10-Q on November 12, 2026, covering the three- and nine-month periods ended September 30, 2026.

Key Highlights

  • Revenue surge: Revenues for the three months ended September 30, 2026 were $330,877,005, compared with $129,821,885 for the same period in 2025, according to the filing.
  • Nine-month revenues: Revenues for the nine months ended September 30, 2026 reached $883,327,073, up from $358,375,928 for the same period in 2025.
  • Net income attributable to the company: Net income attributable to the company for the third quarter was $12,478,770, or $0.41 per capital unit, compared with $10,753,809, or $0.35 per unit, in Q3 2025.
  • Total assets: Total assets stood at $801,714,239 as of September 30, 2026, down from $842,782,234 at December 31, 2025.
  • Members' equity: Total members' equity was $364,517,692 at September 30, 2026, compared with $341,227,011 at December 31, 2025.
  • Capital units outstanding: As of November 12, 2026, the registrant had 30,411,500 capital units outstanding.
  • Operating cash flow: Net cash provided by operating activities for the nine months ended September 30, 2026 was $56,742,624, compared with net cash used of $17,116,213 for the same period in 2025.

South Dakota Soybean Processors Reports Sharply Higher Revenue and Income for the Third Quarter of 2026

According to the filing, South Dakota Soybean Processors LLC reported revenues of $330,877,005 for the three months ended September 30, 2026, more than double the $129,821,885 reported for the third quarter of 2025. Total cost of revenues for the quarter was $306,962,993, leaving a gross profit of $23,914,012. After administration expenses of $2,212,003, the company disclosed operating income of $21,702,009 for the quarter, compared with $11,912,254 in Q3 2025.

For the nine-month period ended September 30, 2026, the registrant reported revenues of $883,327,073 against total cost of revenues of $828,552,487, yielding gross profit of $54,774,586. Operating income for the nine-month period was $48,025,279. Interest expense for the nine months was $18,313,949, compared with $3,592,649 for the same period in 2025, contributing to total other expense of $16,217,678 for the nine-month period. Net income attributable to the company for the nine months was $31,946,362, or $1.05 per capital unit, versus $14,153,735, or $0.47 per unit, in the prior-year period.

The consolidated balance sheet as of September 30, 2026 showed cash and cash equivalents of $28,645,290, up from $8,352,627 at December 31, 2025. Inventories declined to $71,730,188 from $132,834,755 at year-end 2025. Long-term debt, net, was $244,745,854. The registrant also disclosed that distributions to members totaled $8,516,920 during the first quarter of 2026. Net cash provided by operating activities for the nine months was $56,742,624, with depreciation and amortization of $22,657,110 among the adjustments noted in the filing.

What Was Disclosed

South Dakota Soybean Processors LLC filed its unaudited quarterly financial statements for the period ended September 30, 2026, disclosing revenue, income, balance sheet, cash flow, and equity data for the three- and nine-month periods, with 30,411,500 capital units outstanding.