Safe Bulkers SB
NYSE SB
$8.94 -0.23 (-2.45%)
As of: Sep 8, 2026 · 3:59 PM EDT

Safe Bulkers (SB) Cost of Revenue (2009 - 2026)

Safe Bulkers' (SB) quarterly Cost of Revenue came in at $25.5 million in Q2 2026, down 9.41% on a YoY basis from $28.1 million in Q2 2025, and up 20.37% quarter-over-quarter from $21.2 million in Q1 2026.

Analysis

Safe Bulkers (SB) Cost of Revenue (2009 - 2026) Analysis & Trends

Safe Bulkers (SB) has reported Cost of Revenue for 18 consecutive years, with $25.5 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Cost of Revenue fell 9.41% year-over-year to $25.5 million; the trailing twelve-month figure through Jun 2026 stood at $165.8 million (down 0.54% YoY), and the FY2025 full-year result was $97.3 million, up 5.13% from the prior year.
  • Cost of Revenue advanced to $25.5 million in Q2 2026 per SB's latest filing, from $21.2 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $97.3 million in Q4 2025 and bottomed at $3.6 million in Q4 2022.
  • Historically, Cost of Revenue has averaged $33.5 million across 5 years, with a median of $22.7 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Cost of Revenue slumped 80.79% in 2022, then jumped 2398.63% in 2023.
  • Over 5 years, Cost of Revenue stood at $3.6 million in 2022, then surged by 2398.63% to $89.2 million in 2023, then gained by 3.81% to $92.6 million in 2024, then grew by 5.13% to $97.3 million in 2025, then slumped by 73.85% to $25.5 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $25.5 million, $21.2 million, and $97.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Frontline 10.35 Bn 10.03 Bn - -
2 Kirby 7.39 Bn 7.35 Bn 290.80 Mn 631.60 Mn
3 Matson 6.76 Bn 6.64 Bn - -
4 International Seaways 5.13 Bn 5.13 Bn 467.16 Mn 129,000.00
5 Hafnia 4.45 Bn 4.17 Bn 372.91 Mn 132.75 Mn
6 Cmb.Tech 4.42 Bn 4.26 Bn 970.62 Mn 252.96 Mn
7 Scorpio Tankers 3.80 Bn 1.97 Bn 343.91 Mn 64.83 Mn
8 ZIM Integrated Shipping Services 3.60 Bn 2.57 Bn 255.00 Mn 1.21 Bn
9 Star Bulk Carriers 3.56 Bn 3.00 Bn 299.80 Mn 57.61 Mn
10 Safe Bulkers 922.29 Mn 787.76 Mn 62.00 Mn 25.46 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 25.46 Mn
Mar 31, 2026 21.15 Mn
Dec 31, 2025 97.35 Mn
Sep 30, 2025 21.84 Mn
Jun 30, 2025 28.11 Mn
Mar 31, 2025 23.87 Mn
Dec 31, 2024 92.60 Mn
Sep 30, 2024 22.12 Mn
Jun 30, 2024 25.85 Mn
Mar 31, 2024 23.31 Mn
Dec 31, 2023 89.20 Mn
Sep 30, 2023 21.75 Mn
Jun 30, 2023 25.94 Mn
Mar 31, 2023 21.89 Mn
Dec 31, 2022 3.57 Mn
Sep 30, 2022 19.69 Mn
Jun 30, 2022 18.61 Mn
Mar 31, 2022 20.37 Mn
Dec 31, 2021 18.58 Mn
Sep 30, 2021 17.17 Mn