MESABI TRUSTMSBEarnings & Financial Report
Mesabi Trust is a United States-based royalty trust that holds permanent royalty interests in iron ore mining properties located in Minnesota's Mesabi Range. It earns revenue primarily from royalty payments tied to the production and sale of iron ore products, with core earnings sourced from active mining partners operating on the land it holds interests in, catering to the global steel manufacturing market.
Revenue
$79.0M
Gross Profit
$78.3M
Operating Profit
N/A
Net Profit
$78.3M
Gross Margin
99.1%
Operating Margin
N/A
Net Margin
99.1%
YoY Growth
1513.6%
EPS
$5.97
Financial Flow
MESABI TRUST Q3 2025 Financial Summary
MESABI TRUST reported revenue of $79.0M (up 1513.6% YoY) for Q3 2025, with a net profit of $78.3M (up 1816.9% YoY) (99.1% margin). Cost of goods sold was $676.3K.
Key Financial Metrics
| Total Revenue | $79.0M |
|---|---|
| Net Profit | $78.3M |
| Gross Margin | 99.1% |
| Operating Margin | N/A |
| Report Period | Q3 2025 |
MESABI TRUST Annual Revenue by Year
MESABI TRUST annual revenue history includes year-by-year totals (for example, 2025 revenue was $98.6M).
| Year | Annual Revenue |
|---|---|
| 2025 | $98.6M |
| 2024 | $22.9M |
| 2022 | $70.9M |
MESABI TRUST Quarterly Revenue & Net Profit History
MESABI TRUST results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2026 | $3.6M | -95.5% | $2.8M | 77.1% |
| Q2 2026 | $5.6M | -13.6% | $4.7M | 84.6% |
| Q1 2026 | $4.7M | -24.3% | $3.6M | 76.7% |
| Q4 2025 | $6.9M | +10.0% | $6.1M | 88.5% |
| Q3 2025 | $79.0M | +1513.6% | $78.3M | 99.1% |
| Q2 2025 | $6.5M | -34.4% | $5.4M | 83.2% |
| Q1 2025 | $6.3M | +238.1% | $3.5M | 55.7% |
| Q4 2024 | $6.2M | +386.7% | $4.7M | 75.3% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.2M | $6.3M | $6.5M | $79.0M | $6.9M | $4.7M | $5.6M | $3.6M |
| YoY Growth | 386.7% | 238.1% | -34.4% | 1513.6% | 10.0% | -24.3% | -13.6% | -95.5% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $26.7M | $25.1M | $26.2M | $100.7M | $101.7M | $27.4M | $24.8M | $26.0M |
| Liabilities | $5.7M | $4.5M | $4.1M | $5.3M | $78.4M | $7.8M | $2.0M | $4.9M |
| Equity | $21.0M | $20.7M | $22.1M | $95.3M | $23.3M | $19.6M | $22.8M | $21.1M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $5.7M | $2.5M | $3.8M | $78.2M | $9.4M | $2.1M | $4.4M | $3.5M |