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Safe Bulkers (SB) Financials

Safe Bulkers logo
$6.60 +0.03 (+0.38%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$6.58 -0.02 (-0.30%)
As of 05/22/2026 05:36 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Safe Bulkers

Annual Income Statements for Safe Bulkers

This table shows Safe Bulkers' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -62 -70 -99 16 4.34 -25 164 164 69 89 31
Consolidated Net Income / (Loss)		 -48 -56 -85 28 16 -13 174 173 77 97 39
Net Income / (Loss) Continuing Operations		 -48 -54 -85 28 16 -13 174 173 77 97 39
Total Pre-Tax Income 		-48 -54 -86 28 16 -14 175 174 79 93 49
Total Operating Income		 -32 -31 -69 56 44 10 191 185 104 128 70
Total Gross Profit		 126 110 148 193 198 198 329 350 284 308 276
Total Revenue		 127 110 148 193 198 198 329 350 284 308 276
Operating Revenue		 127 110 148 193 198 198 329 350 284 308 276
Total Cost of Revenue		 1.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 158 141 217 137 154 188 138 165 180 179 206
Selling, General & Admin Expense		 59 53 55 66 71 73 95 102 113 120 127
Depreciation Expense		 47 49 51 48 50 54 52 50 54 58 60
Other Operating Expenses / (Income)		 29 18 18 23 32 61 9.75 14 24 18 23
Other Special Charges / (Income)		 0.00 2.75 1.38 0.11 0.06 0.00 -19 0.00 -10 -17 -4.60
Total Other Income / (Expense), net		 -16 -23 -17 -28 -28 -24 -16 -11 -25 -35 -21
Interest Expense		 14 23 26 28 29 23 18 19 27 34 33
Interest & Investment Income		 0.09 0.52 0.80 0.93 1.56 0.60 0.07 0.78 2.50 3.40 5.12
Other Income / (Expense), net		 -1.68 -0.62 7.72 -0.96 -0.84 -1.94 1.39 7.37 -0.23 -4.29 6.61
Other Gains / (Losses), net		 0.35 -0.08 1.78 -0.67 -0.08 0.92 -0.91 -1.10 -1.87 4.17 -10
Preferred Stock Dividends Declared		 14 14 14 11 12 12 11 8.98 8.00 8.00 8.00
Basic Earnings per Share		 ($0.74) ($0.83) ($0.98) $0.16 $0.04 ($0.25) $1.44 $1.36 $0.61 $0.83 $0.30
Weighted Average Basic Shares Outstanding		 83.48M 84.53M 100.93M 101.60M 101.69M 102.62M 113.72M 120.65M 113.62M 107.58M 103.04M
Diluted Earnings per Share		 ($0.74) ($0.83) ($0.98) $0.16 $0.04 ($0.25) $1.44 $1.36 $0.61 $0.83 $0.30
Weighted Average Diluted Shares Outstanding		 83.48M 84.53M 100.93M 101.60M 101.69M 102.62M 113.72M 120.65M 113.62M 107.58M 103.04M
Weighted Average Basic & Diluted Shares Outstanding		 83.48M 84.53M 100.93M 101.60M 101.69M 102.62M 127.13M 122.87M 115.61M 109.29M 106.26M
Cash Dividends to Common per Share		 $0.04 $0.00 $0.00 - - - - $0.20 $0.20 $0.20 $0.20

Quarterly Income Statements for Safe Bulkers

No quarterly income statements for Safe Bulkers are available.

Annual Cash Flow Statements for Safe Bulkers

This table details how cash moves in and out of Safe Bulkers' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 81 -110 -37 6.20 30 19 -0.14 -51 -0.38 33 60
Net Cash From Operating Activities		 26 13 50 85 58 63 217 218 122 130 102
Net Cash From Continuing Operating Activities		 26 13 50 85 58 63 217 218 122 130 102
Net Income / (Loss) Continuing Operations		 -48 -56 -85 28 16 -13 174 173 77 97 39
Consolidated Net Income / (Loss)		 -48 -56 -85 28 16 -13 174 173 77 97 39
Depreciation Expense		 47 49 51 48 50 54 52 50 54 58 60
Amortization Expense		 2.79 3.06 2.46 1.79 1.85 1.73 2.90 2.01 2.48 2.96 2.75
Non-Cash Adjustments To Reconcile Net Income		 22 20 85 2.36 -1.86 6.18 -1.42 -3.78 -10 -26 11
Changes in Operating Assets and Liabilities, net		 1.71 -3.14 -3.70 5.54 -8.05 14 -11 -2.26 -1.53 -2.14 -9.78
Net Cash From Investing Activities		 -125 -40 -40 -64 -37 -35 8.55 -229 -152 -72 9.70
Net Cash From Continuing Investing Activities		 -125 -40 -40 -64 -37 -35 8.55 -229 -152 -72 9.70
Sale of Property, Plant & Equipment		 0.00 29 21 - 0.00 0.00 107 17 31 78 23
Sale and/or Maturity of Investments		 0.00 41 37 43 87 109 13 17 79 77 147
Other Investing Activities, net		 -125 -110 -98 -107 -124 -144 -112 -263 -262 -227 -161
Net Cash From Financing Activities		 180 -84 -47 -16 8.54 -9.29 -226 -40 29 -26 -52
Net Cash From Continuing Financing Activities		 180 -84 -47 -16 8.54 -9.29 -226 -40 29 -26 -52
Repayment of Debt		 -249 -149 -125 -182 -153 -84 -437 -198 -169 -216 -228
Repurchase of Common Equity		 0.00 -0.12 0.00 -0.62 -4.15 -6.01 0.00 -9.05 -26 -29 -11
Payment of Dividends		 -18 -14 -12 -11 -11 -11 -11 -34 -31 -30 -29
Issuance of Debt		 447 65 115 188 178 92 179 260 255 248 215
Cash Interest Paid		 12 20 23 24 29 21 14 14 22 29 35

Quarterly Cash Flow Statements for Safe Bulkers

No quarterly cash flow statements for Safe Bulkers are available.

Annual Balance Sheets for Safe Bulkers

This table presents Safe Bulkers' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,310 1,174 1,035 1,076 1,115 1,106 1,094 1,246 1,340 1,403 1,403
Total Current Assets		 243 111 79 101 136 135 124 158 147 165 201
Cash & Equivalents		 131 82 46 52 79 90 101 49 48 81 142
Restricted Cash		 65 1.20 1.66 0.31 0.00 3.40 0.00 1.00 2.02 3.00 0.00
Short-Term Investments		 0.00 0.00 - - - - - - - 0.00 4.81
Accounts Receivable		 7.49 8.84 11 12 16 4.93 8.08 6.50 8.80 14 11
Inventories, net		 5.17 5.17 4.23 4.14 9.27 12 8.65 17 17 15 19
Prepaid Expenses		 1.68 2.02 1.73 2.82 4.27 3.84 3.48 5.76 6.61 7.01 5.36
Other Current Assets		 1.59 12 14 30 28 12 2.89 66 40 45 19
Plant, Property, & Equipment, net		 988 1,039 943 955 945 942 864 1,001 1,092 1,144 1,106
Total Noncurrent Assets		 78 24 13 20 34 29 106 87 102 93 97
Other Noncurrent Operating Assets		 70 14 4.48 9.25 20 9.98 96 78 93 86 87
Other Noncurrent Nonoperating Assets		 7.84 10 8.65 10 14 19 10 8.90 8.85 7.48 9.68
Total Liabilities & Shareholders' Equity		 1,310 1,174 1,035 1,076 1,115 1,106 1,094 1,246 1,340 1,403 1,403
Total Liabilities		 675 595 579 593 625 643 415 474 547 571 572
Total Current Liabilities		 106 24 37 55 87 105 89 91 56 86 69
Short-Term Debt		 77 12 26 36 64 76 40 44 25 58 42
Accounts Payable		 5.28 5.39 4.14 6.13 13 13 10 11 10 9.97 13
Accrued Expenses		 3.98 4.15 3.67 6.88 6.60 4.66 5.37 11 8.38 12 7.86
Current Deferred Revenue		 1.96 2.04 3.54 5.41 3.04 6.22 11 9.52 11 6.54 5.22
Other Current Liabilities		 0.32 0.02 0.00 0.00 0.12 0.58 22 0.00 1.27 0.00 0.21
Total Noncurrent Liabilities		 570 571 542 539 538 538 326 383 492 485 503
Long-Term Debt		 569 570 542 539 537 532 316 371 482 478 498
Noncurrent Deferred Revenue		 0.00 0.00 0.00 0.25 0.65 3.54 7.99 7.33 3.25 2.62 2.31
Other Noncurrent Operating Liabilities		 0.36 1.66 - 0.00 0.27 2.64 2.60 4.55 5.93 3.93 3.33
Total Equity & Noncontrolling Interests		 634 579 456 466 473 445 679 772 793 832 831
Total Preferred & Common Equity		 634 579 456 466 473 445 679 772 793 832 831
Preferred Stock		 0.07 0.07 0.06 0.06 0.06 0.06 0.06 0.04 0.04 0.04 0.04
Total Common Equity		 634 578 456 466 473 445 679 772 792 832 831
Common Stock		 370 384 361 355 357 354 425 379 353 324 313
Retained Earnings		 264 194 95 111 116 90 254 393 439 507 517

Quarterly Balance Sheets for Safe Bulkers

No quarterly balance sheets for Safe Bulkers are available.

Annual Metrics And Ratios for Safe Bulkers

This table displays calculated financial ratios and metrics derived from Safe Bulkers' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 106,259,402.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 106,259,402.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.29
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -22 -22 -49 56 44 7.33 191 185 104 128 70
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 15.57% 8.01% 9.39% 5.10%
Earnings before Interest and Taxes (EBIT)		 -67 -32 -62 55 43 8.53 193 192 104 124 77
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 33 21 -7.70 105 95 65 248 244 161 185 139
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,106 1,036 52 28 41 51 222 -24 20 68 132
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,125 1,068 967 995 998 954 924 1,132 1,216 1,277 1,215
Increase / (Decrease) in Invested Capital		 1,084 -1,058 -100 28 3.42 -44 -31 208 84 60 -62
Book Value per Share		 $7.60 $6.93 $4.60 $4.59 $4.59 $4.05 $6.31 $6.07 $6.45 $7.19 $7.60
Tangible Book Value per Share		 $7.60 $6.93 $4.60 $4.59 $4.59 $4.05 $6.31 $6.07 $6.45 $7.19 $7.60
Total Capital		 1,281 1,160 1,024 1,058 1,091 1,071 1,035 1,186 1,300 1,368 1,371
Total Debt		 1,294 582 567 575 601 608 356 414 507 537 540
Total Long-Term Debt		 569 570 542 539 537 532 316 371 482 478 498
Net Debt		 452 499 520 523 522 514 255 364 457 453 394
Capital Expenditures (CapEx)		 0.00 -29 -21 0.00 0.00 0.00 -107 -17 -31 -78 -23
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 20 17 20 31 34 12 -26 60 66 53 28
Debt-free Net Working Capital (DFNWC)		 215 99 68 83 113 106 75 110 116 137 174
Net Working Capital (NWC)		 137 87 42 47 49 30 35 66 91 79 132
Net Nonoperating Expense (NNE)		 26 34 36 28 28 20 17 12 27 31 31
Net Nonoperating Obligations (NNO)		 429 489 511 512 508 491 244 360 424 445 384
Total Depreciation and Amortization (D&A)		 50 53 54 50 52 56 55 52 57 61 63
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.74) ($0.83) ($0.98) $0.16 $0.04 ($0.25) $1.44 $1.36 $0.61 $0.83 $0.30
Adjusted Weighted Average Basic Shares Outstanding		 83.49M 99.25M 101.53M 103.01M 109.75M 107.67M 113.72M 120.65M 113.62M 107.58M 103.04M
Adjusted Diluted Earnings per Share		 ($0.74) ($0.83) ($0.98) $0.16 $0.04 ($0.25) $1.44 $1.36 $0.61 $0.83 $0.30
Adjusted Weighted Average Diluted Shares Outstanding		 83.49M 99.25M 101.53M 103.01M 109.75M 107.67M 113.72M 120.65M 113.62M 107.58M 103.04M
Adjusted Basic & Diluted Earnings per Share		 ($0.74) ($0.83) ($0.98) $0.16 $0.04 ($0.25) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 83.48M 84.53M 100.93M 101.60M 101.69M 102.62M 127.13M 122.87M 115.61M 109.29M 106.26M
Normalized Net Operating Profit after Tax (NOPAT)		 -13 -8.05 16 39 31 7.33 121 129 66 78 46
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Safe Bulkers

No quarterly metrics and ratios for Safe Bulkers are available.


Financials Breakdown Chart

Safe Bulkers Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Safe Bulkers' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Safe Bulkers' net income appears to be on an upward trend, with a most recent value of $38.56 million in 2025, falling from -$47.94 million in 2015. The previous period was $97.38 million in 2024. Check out Safe Bulkers' forecast to explore projected trends and price targets.

Safe Bulkers' total operating income in 2025 was $69.97 million, based on the following breakdown:
  • Total Gross Profit: $275.74 million
  • Total Operating Expenses: $205.77 million

Over the last 10 years, Safe Bulkers' total revenue changed from $127.32 million in 2015 to $275.74 million in 2025, a change of 116.6%.

Safe Bulkers' total liabilities were at $572.48 million at the end of 2025, a 0.2% increase from 2024, and a 15.2% decrease since 2015.

In the past 10 years, Safe Bulkers' cash and equivalents has ranged from $46.20 million in 2017 to $141.58 million in 2025, and is currently $141.58 million as of their latest financial filing in 2025.

Over the last 10 years, Safe Bulkers' book value per share changed from 7.60 in 2015 to 7.60 in 2025, a change of 0.0%.


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Financial statements for NYSE:SB last updated on 5/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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