10-Q quarterly report · filed Nov 5, 2025

Andersons, Inc. (ANDE) Q3 2025 10-Q Quarterly Report

Short answer

Andersons, Inc. (ANDE) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $296M (down 88.7% year over year) with net income of $20M.

Q3 2025 key financials · XBRL

Revenue
$296M
−88.7% YoY · −44.7% QoQ
Net income
$20M
−26.4% YoY · +156.3% QoQ
Gross margin
57.8%
EPS (diluted)
$0.58
−27.5% YoY · +152.2% QoQ

Source: XBRL data from the Andersons, Inc. (ANDE) Q3 2025 10-Q on SEC EDGAR. USD.

Andersons, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Potential impact of EPA approval delay for Class VI well at Clymers facility, affecting carbon sequestration and renewable fuel credit eligibility
  • Updated risk: Trade policy uncertainty and low commodity prices caused Agribusiness segment's reduced gross profit and volumes in Q3 2025 vs 2024
  • Regulatory risk: OBBBA tax law changes and clean fuel production credits ($20.2M ytd) materially affect Renewables tax income and effective tax rate through 2029
  • Operational risk: Elevated input costs and depressed feed product values pressured Renewables segment ethanol plant margins despite higher production in 2025
  • Financial risk: Working capital decline of $522.5M from prior year driven by $372.4M cash used to acquire remaining TAMH interest, with $1,908.5M borrowing capacity available

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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