Extracts iron ore for steel production.
Oct 2025Revenue $20.8M/yrExpenses $3.58M/yr
No trend
Figures by year
Is Mesabi Trust profitable?
Yes. In the 12 months to Oct 2025, revenue was $20.8M and expenses $3.58M.
| Fiscal year to | Revenue | Expenses | Net profit |
|---|---|---|---|
| Jan 2025 | $98.6M | $5.32M | $93.3M |
| Jan 2024 | $22.9M | $3.88M | $19.0M |
| Jan 2023 | $7.74M | $2.43M | $5.31M |
| Jan 2022 | $71.5M | $2.69M | $68.8M |
| Jan 2021 | $26.0M | $2.54M | $23.4M |
| Jan 2020 | $32.0M | $1.94M | $30.1M |
| Jan 2019 | $47.3M | $1.73M | $45.6M |
| Jan 2018 | $34.5M | $1.07M | $33.4M |
| Jan 2017 | $10.9M | $1.12M | $9.76M |
| Jan 2016 | $9.72M | $1.16M | $8.56M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.