SOUTH DAKOTA SOYBEAN PROCESSORS LLC

Profitable but thin-margin commodity soybean processor in a heavy expansion year that gutted liquidity and free cash flow.

Strengths

• Net income of $17.7M with ROA in the 64th percentile and positive net margin (56th pct)
• Mitchell facility roughly doubles processing capacity, positioning for 2026 margin recovery

Risks

• Quick ratio 0.32 (10th pct) and near-zero cash runway; FCF of -$241M from the build-out
• Razor-thin gross margin (4.9%, 7th pct), declining revenue (-9%) and commodity/biofuel-policy exposure

Notable findings

• Exec changeRecent 8-K item 5.02 8-K ↗
• Cash burnNegative free cash flow (-241.1M)