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% YoY from $28.1 million in Q2 2025, and up 20.37% on a QoQ basis from $21.2 million in Q1 2026.
Safe Bulkers (SB) Cost of Revenue (2009 - 2026) Analysis & Trends
Safe Bulkers (SB) has 18 years of Cost of Revenue data on file, last reported at $25.5 million in Q2 2026.
- Quarterly Cost of Revenue fell 9.41% year-over-year to $25.5 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $165.8 million (down 0.54% YoY) and the FY2025 annual result came in at $97.3 million, up 5.13% from the prior year.
- Cost of Revenue improved to $25.5 million in Q2 2026, from $21.2 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $97.3 million in Q4 2025 to a low of $18.6 million in Q2 2022.
- A 5-year average of $34.5 million and a median of $22.7 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2023 — Cost of Revenue surged 313.96% — and 2026, when it slipped 11.38%.
- Tracing SB's Cost of Revenue over 5 years: stood at $21.5 million in 2022, then jumped by 313.96% to $89.2 million in 2023, then increased by 3.81% to $92.6 million in 2024, then advanced by 5.13% to $97.3 million in 2025, then plunged by 73.85% to $25.5 million in 2026.
- The last three Cost of Revenue figures came in at $25.5 million (Q2 2026), $21.2 million (Q1 2026), and $97.3 million (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 631.60 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | - |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | 72.13 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | 1.03 Bn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 56.69 Mn |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | -12,231.05 Bn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | 30.92 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 15.44 Mn |
| 10 | Safe Bulkers | 826.69 Mn | 683.78 Mn | 62.00 Mn | 25.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.46 Mn |
| Jun 30, 2026 | 25.46 Mn |
| Mar 31, 2026 | 21.15 Mn |
| Mar 31, 2026 | 21.15 Mn |
| Dec 31, 2025 | 97.35 Mn |
| Dec 31, 2025 | 97.35 Mn |
| Sep 30, 2025 | 21.84 Mn |
| Sep 30, 2025 | 21.84 Mn |
| Jun 30, 2025 | 28.11 Mn |
| Jun 30, 2025 | 28.11 Mn |
| Mar 31, 2025 | 23.87 Mn |
| Mar 31, 2025 | 23.87 Mn |
| Dec 31, 2024 | 92.60 Mn |
| Dec 31, 2024 | 92.60 Mn |
| Sep 30, 2024 | 22.12 Mn |
| Sep 30, 2024 | 22.12 Mn |
| Jun 30, 2024 | 25.85 Mn |
| Jun 30, 2024 | 25.85 Mn |
| Mar 31, 2024 | 23.31 Mn |
| Mar 31, 2024 | 23.31 Mn |