Safe Bulkers (SB) Operating Expenses (2009 - 2026)
Safe Bulkers' (SB) quarterly Operating Expenses came in at -$21.6 million in Q2 2026, up 5.16% YoY from -$20.6 million in Q2 2025, and little changed on a QoQ basis from -$21.6 million in Q1 2026.
Safe Bulkers (SB) Operating Expenses (2009 - 2026) Analysis & Trends
Safe Bulkers (SB) has 18 years of Operating Expenses data on file, last reported at -$21.6 million in Q2 2026.
- Quarterly Operating Expenses rose 5.16% year-over-year to -$21.6 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$62.0 million (up 3.89% YoY) and the FY2025 annual result came in at $97.3 million, up 5.13% from the prior year.
- Operating Expenses steadied at -$21.6 million in Q2 2026, from -$21.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $3.8 million in Q4 2025 to a low of -$22.8 million in Q2 2025.
- A 5-year average of -$15.1 million and a median of -$19.3 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses plunged 206.91% — and 2025, when it soared 204.04%.
- Tracing SB's Operating Expenses over 5 years: stood at $3.6 million in 2022, then sank by 47.65% to $1.9 million in 2023, then plunged by 32.48% to $1.3 million in 2024, then soared by 204.04% to $3.8 million in 2025, then tumbled by 663.64% to -$21.6 million in 2026.
- The last three Operating Expenses figures came in at -$21.6 million (Q2 2026), -$21.6 million (Q1 2026), and $3.8 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 800.04 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 810.50 Mn |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | -49.23 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -403.80 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | -56.64 Mn |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 72,107.52 Bn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | -23.83 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | -41.93 Mn |
| 10 | Safe Bulkers | 826.69 Mn | 683.78 Mn | 62.00 Mn | -21.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -21.63 Mn |
| 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 | 18.58 Mn |
| Sep 30, 2021 | 17.17 Mn |