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

Safe Bulkers (SB) posted Cost of Revenue of $21.2 million for Q1 2026, down 78.27% on a QoQ basis from $97.3 million in Q4 2025, and down 11.38% year-over-year from $23.9 million in Q1 2025.

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

Safe Bulkers' Cost of Revenue history runs 18 years deep, the most recent figure standing at $21.2 million for Q1 2026.

  • Quarterly Cost of Revenue fell 11.38% year-over-year to $21.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $168.4 million (up 2.44% YoY) and the FY2025 annual result came in at $97.3 million, up 5.13% from the prior year.
  • Cost of Revenue was $21.2 million for Q1 2026 at Safe Bulkers, down from $97.3 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $97.3 million in Q4 2025 and bottomed at $18.6 million in Q2 2022.
  • A 5-year average of $35.0 million and a median of $22.1 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 fell 11.38%.
  • Safe Bulkers' Cost of Revenue stood at $21.5 million in 2022, then soared by 313.96% 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 78.27% to $21.2 million in 2026.
  • Business Quant data shows SB's Cost of Revenue at $21.2 million in Q1 2026, $97.3 million in Q4 2025, and $21.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 ZIM Integrated Shipping Services 2,964,341.97 Bn 2,964,341.05 Bn 57.20 Mn 1.03 Bn
2 Danaos 2,542.12 Bn 2,541.24 Bn 203.71 Mn 49.98 Mn
3 Sfl 1,584.69 Bn 1,584.53 Bn 66.27 Mn 67.58 Mn
4 Capital Clean Energy Carriers 1,419.00 Bn 1,418.46 Bn 95.52 Mn 2.49 Mn
5 Globus Maritime 59.97 Bn 59.95 Bn 8,083.00 4,165.00
6 Kirby 8.07 Bn 7.99 Bn 291.34 Mn 560.44 Mn
7 Matson 6.26 Bn 6.16 Bn - -
8 Hafnia 3.73 Bn 3.62 Bn 152.41 Mn 72.13 Mn
9 Intercont (Cayman) 3.56 Bn 3.56 Bn - -
10 Safe Bulkers 768.80 Mn 597.03 Mn 53.24 Mn 21.15 Mn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 89.20 Mn
Dec 31, 2023 89.20 Mn