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