Safe Bulkers, Inc. (SB) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	307.5M	275.7M	307.6M	284.4M	349.7M
Cost of Revenue	171.5M	176.7M	167.5M	165.0M	139.7M
Gross Profit	136.0M	99.1M	140.2M	119.4M	210.0M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	22.6M	29.9M	27.0M	23.8M	21.8M
General & Admin Expense	7.5M	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	7.2M	—	1.3M	1.9M	3.6M
Total Operating Expenses	29.8M	29.9M	28.3M	25.6M	25.4M
Cost and Expenses	201.3M	206.5M	195.8M	190.6M	165.1M
Operating Income (EBIT)	106.2M	69.2M	111.9M	93.8M	184.6M
Non-Operating
Interest Income	5.9M	5.1M	3.4M	2.5M	783.0K
Interest Expense	31.0M	33.8M	34.9M	27.9M	20.5M
Net Interest Income	(25.1M)	(28.7M)	(31.6M)	(25.4M)	(19.7M)
Other Non-Op Income/Expense	(19.2M)	(30.6M)	(14.5M)	(16.4M)	(12.1M)
Non-Operating Income (excl Interest)	(2.6M)	(3.2M)	(20.5M)	(11.5M)	(8.4M)
EBT (Pre-Tax Income)	87.0M	38.6M	97.4M	77.4M	172.6M
Income Tax Expense	—	—	—	—	—
Bottom Line
Net Income	87.0M	38.6M	97.4M	77.4M	172.6M
Earnings from Cont. Ops	87.0M	38.6M	97.4M	77.4M	172.6M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	79.0M	30.6M	89.4M	69.4M	163.6M
Per Share
Basic EPS	$0.78	$0.30	$0.83	$0.61	$1.36
Diluted EPS	$0.78	$0.30	$0.83	$0.61	$1.36
Revenue Per Share	$3.02	$2.68	$2.86	$2.50	$2.90
Shares
Basic Shares Outstanding	101.8M	103.0M	107.6M	113.6M	120.7M
Diluted Shares Outstanding	101.8M	103.0M	107.6M	113.6M	120.7M
Profitability Metrics
EBITDA	167.8M	132.2M	190.5M	159.4M	242.6M
D&A	59.0M	59.9M	58.1M	54.1M	49.5M
EBIT	108.8M	72.4M	132.3M	105.3M	193.1M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026