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| Date | Value |
|---|---|
| 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 |