Safe Bulkers (SB) Operating Expenses (2009 - 2026)

Safe Bulkers (SB) posted Operating Expenses of -$21.6 million for Q1 2026, down 663.15% on a QoQ basis from $3.8 million in Q4 2025, and down 1.23% year-over-year from -$21.9 million in Q1 2025.

Safe Bulkers (SB) Operating Expenses (2009 - 2026) Analysis & Trends

Safe Bulkers' Operating Expenses history runs 18 years deep, the most recent figure standing at -$21.6 million for Q1 2026.

  • Quarterly Operating Expenses fell 1.23% year-over-year to -$21.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$63.2 million (down 1.18% YoY) and the FY2025 annual result came in at $97.3 million, up 5.13% from the prior year.
  • Operating Expenses was -$21.6 million for Q1 2026 at Safe Bulkers, down from $3.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $3.8 million in Q4 2025 and bottomed at -$22.8 million in Q2 2025.
  • A 5-year average of -$14.8 million and a median of -$18.9 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2023 — Operating Expenses tumbled 47.65% — and 2025, when it soared 204.04%.
  • Safe Bulkers' Operating Expenses stood at $3.6 million in 2022, then tumbled by 47.65% to $1.9 million in 2023, then slumped by 32.48% to $1.3 million in 2024, then surged by 204.04% to $3.8 million in 2025, then slumped by 663.15% to -$21.6 million in 2026.
  • Business Quant data shows SB's Operating Expenses at -$21.6 million in Q1 2026, $3.8 million in Q4 2025, and -$22.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 ZIM Integrated Shipping Services 2,960,125.28 Bn 2,960,124.36 Bn 57.20 Mn -403.80 Mn
2 Danaos 2,540.11 Bn 2,539.24 Bn 203.71 Mn -15.99 Mn
3 Sfl 1,567.42 Bn 1,567.27 Bn 66.27 Mn 129.63 Mn
4 Capital Clean Energy Carriers 1,428.00 Bn 1,427.46 Bn 95.52 Mn 3.47 Mn
5 Globus Maritime 60.18 Bn 60.15 Bn 8,083.00 -3,255.00
6 Kirby 8.05 Bn 7.97 Bn 291.34 Mn 722.10 Mn
7 Matson 6.24 Bn 6.14 Bn - 623.90 Mn
8 Intercont (Cayman) 3.99 Bn 3.99 Bn - -
9 Hafnia 3.72 Bn 3.61 Bn 152.41 Mn -49.23 Mn
10 Safe Bulkers 766.25 Mn 594.47 Mn 53.24 Mn -21.61 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -21.61 Mn
Dec 31, 2025 3.84 Mn
Sep 30, 2025 -22.64 Mn
Jun 30, 2025 -22.80 Mn
Mar 31, 2025 -21.35 Mn
Dec 31, 2024 1.26 Mn
Sep 30, 2024 -21.67 Mn
Jun 30, 2024 -20.73 Mn
Mar 31, 2024 -20.83 Mn
Dec 31, 2023 1.87 Mn
Sep 30, 2023 -19.63 Mn
Jun 30, 2023 -18.92 Mn
Mar 31, 2023 -18.90 Mn
Dec 31, 2022 3.57 Mn
Sep 30, 2022 -18.36 Mn
Jun 30, 2022 -17.39 Mn
Mar 31, 2022 -16.72 Mn
Dec 31, 2021 -18.69 Mn
Sep 30, 2021 -18.75 Mn
Jun 30, 2021 -18.62 Mn