Safe Bulkers (SB-PC) Operating Expenses (2009 - 2025)

Safe Bulkers has reported Operating Expenses for 17 years, with the latest figure at -$8.0 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses fell 14.23% year-over-year to -$8.0 million; the trailing twelve-month figure through Dec 2025 stood at -$29.9 million (down 10.43% YoY), and the FY2025 full-year result was $97.3 million, up 5.13% from the prior year.
• Operating Expenses for Q4 2025 stood at -$8.0 million, down from -$7.5 million in the prior quarter.
• The five-year high for Operating Expenses was -$5.2 million in Q2 2022, with the low at -$8.0 million in Q4 2025.
• Historically, Operating Expenses has averaged -$6.2 million across 5 years, with a median of -$5.9 million in 2021.
• Annual changes were most pronounced in 2022 — Operating Expenses grew 8.67% — and 2024, when it declined 18.6%.
• Safe Bulkers' Operating Expenses stood at -$5.5 million in 2021, then retreated by 6.28% to -$5.8 million in 2022, then declined by 7.03% to -$6.2 million in 2023, then fell by 11.87% to -$7.0 million in 2024, then retreated by 14.23% to -$8.0 million in 2025.
• The last three Operating Expenses figures came in at -$8.0 million (Q4 2025), -$7.5 million (Q3 2025), and -$7.7 million (Q2 2025), per Business Quant data.