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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |