Safehold Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Safehold Inc has an operating margin of 26.2%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 23.8% the prior year.
Safehold Inc's revenue declined 99.9% year-over-year, from $365.7M to $386K. This contraction results in a growth score of 0/100.
Safehold Inc has a moderate D/E ratio of 1.90. This balance of debt and equity financing earns a leverage score of 41/100.
Safehold Inc generates a 4.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is up from 4.5% the prior year.
Safehold Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Safehold Inc generates $0.42 in operating cash flow ($48K OCF vs $114K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Safehold Inc earns $0.5 in operating income for every $1 of interest expense ($101K vs $207K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Safehold Inc (SAFE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Safehold Inc generated $386K in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Safehold Inc's EBITDA was $109K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 99.9% from the prior year.
Safehold Inc reported $114K in net income in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Safehold Inc earned $1.59 per diluted share (EPS) in fiscal year 2025. This represents an increase of 7.4% from the prior year.
Safehold Inc held $22K in cash against $4.6M in long-term debt as of fiscal year 2025.
Safehold Inc paid $0.71 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Safehold Inc had 72M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.
Safehold Inc's gross margin was 98.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Safehold Inc's operating margin was 26.2% in fiscal year 2025, reflecting core business profitability. This is up 2.4 percentage points from the prior year.
Safehold Inc's net profit margin was 29.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.8 percentage points from the prior year.
Safehold Inc's ROE was 4.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the prior year.
SAFE Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $97.9M+1.8% | $96.2M+2.5% | $93.8M-3.9% | $97.7M+6.3% | $91.9M+1.3% | $90.7M+0.9% | $89.9M-3.6% | $93.2M |
| Cost of Revenue | $1.3M-5.2% | $1.4M+58.6% | $881K-23.9% | $1.2M+9.6% | $1.1M+1.0% | $1.0M+0.6% | $1.0M-3.5% | $1.1M |
| Gross Profit | $96.5M+1.9% | $94.8M+1.9% | $93.0M-3.7% | $96.5M+6.3% | $90.8M+1.3% | $89.7M+0.9% | $88.9M-3.6% | $92.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $14.2M+8.5% | $13.1M+0.9% | $13.0M-8.3% | $14.1M+1.7% | $13.9M+6.0% | $13.1M+6.8% | $12.3M-21.4% | $15.6M |
| Operating Income | $26.8M+7.7% | $24.9M+4.0% | $23.9M-5.5% | $25.3M+11.8% | $22.6M+42.5% | $15.9M-33.8% | $24.0M-2.4% | $24.6M |
| Interest Expense | $52.5M0.0% | $52.5M+2.4% | $51.3M+1.7% | $50.4M+0.2% | $50.3M+0.8% | $50.0M+1.7% | $49.1M+1.0% | $48.6M |
| Income Tax | $973K+352.6% | $215K-75.1% | $862K-2.4% | $883K-37.1% | $1.4M+112.7% | $660K-27.5% | $910K+93.2% | $471K |
| Net Income | $27.9M-4.8% | $29.3M+4.8% | $27.9M-4.8% | $29.4M+12.8% | $26.0M+34.7% | $19.3M-34.8% | $29.7M-3.5% | $30.7M |
| EPS (Diluted) | $0.38-7.3% | $0.41+5.1% | $0.39-4.9% | $0.41+13.9% | $0.36+33.3% | $0.27-35.7% | $0.42-2.3% | $0.43 |
SAFE Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.2B+1.4% | $7.1B+1.2% | $7.1B+1.9% | $6.9B+0.4% | $6.9B+1.2% | $6.8B+0.7% | $6.8B+1.4% | $6.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $21.7M+79.0% | $12.1M-12.8% | $13.9M-19.6% | $17.3M+107.2% | $8.3M-46.4% | $15.6M+16.1% | $13.4M+18.9% | $11.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $4.8B+1.7% | $4.7B+1.5% | $4.7B+2.4% | $4.5B+0.5% | $4.5B+0.6% | $4.5B+2.5% | $4.4B+1.4% | $4.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $4.6B+1.6% | $4.5B+1.6% | $4.4B+2.4% | $4.3B+0.6% | $4.3B+0.5% | $4.3B+2.5% | $4.2B+1.2% | $4.1B |
| Total Equity | $2.4B+0.8% | $2.4B+0.7% | $2.4B+1.0% | $2.4B+0.3% | $2.3B+2.5% | $2.3B-1.1% | $2.3B+1.3% | $2.3B |
| Retained Earnings | $165.7M+10.0% | $150.7M+12.3% | $134.2M+12.7% | $119.0M+16.2% | $102.5M+14.9% | $89.2M+8.0% | $82.6M+25.9% | $65.6M |
SAFE Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.3M+975.6% | -$1.4M-105.0% | $28.0M+214.6% | $8.9M+12.7% | $7.9M-4.4% | $8.3M-66.6% | $24.8M+908.1% | -$3.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$57.0M-1.4% | -$56.2M+51.9% | -$117.0M-1570.6% | -$7.0M+67.4% | -$21.5M+60.3% | -$54.1M+13.0% | -$62.1M+16.8% | -$74.7M |
| Financing Cash Flow | $54.2M-3.2% | $56.0M-34.9% | $85.9M+1133.5% | $7.0M+8.3% | $6.4M-86.6% | $48.1M+137.8% | $20.2M-71.2% | $70.2M |
| Dividends Paid | $12.7M-0.8% | $12.8M0.0% | $12.8M+1.1% | $12.7M+0.1% | $12.6M-0.9% | $12.8M+0.4% | $12.7M+1.0% | $12.6M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SAFE Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 98.7%+0.1pp | 98.6%-0.5pp | 99.1%+0.3pp | 98.8%-0.0pp | 98.9%0.0pp | 98.9%+0.0pp | 98.8%0.0pp | 98.8% |
| Operating Margin | 27.4%+1.5pp | 25.9%+0.4pp | 25.5%-0.4pp | 25.9%+1.3pp | 24.6%+7.1pp | 17.5%-9.2pp | 26.7%+0.3pp | 26.4% |
| Net Margin | 28.5%-2.0pp | 30.4%+0.7pp | 29.8%-0.3pp | 30.1%+1.7pp | 28.3%+7.0pp | 21.3%-11.7pp | 33.0%+0.0pp | 33.0% |
| Return on Equity | 1.2%-0.1pp | 1.2%+0.1pp | 1.2%-0.1pp | 1.3%+0.1pp | 1.1%+0.3pp | 0.8%-0.4pp | 1.3%-0.1pp | 1.4% |
| Return on Assets | 0.4%-0.0pp | 0.4%+0.0pp | 0.4%-0.0pp | 0.4%+0.0pp | 0.4%+0.1pp | 0.3%-0.2pp | 0.4%-0.0pp | 0.5% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.90+0.0 | 1.89+0.0 | 1.87+0.0 | 1.850.0 | 1.84-0.0 | 1.88+0.1 | 1.810.0 | 1.81 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Safehold Inc's annual revenue?
Safehold Inc (SAFE) reported $386K in total revenue for fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Safehold Inc's revenue growing?
Safehold Inc (SAFE) revenue declined by 99.9% year-over-year, from $365.7M to $386K in fiscal year 2025.
Is Safehold Inc profitable?
Yes, Safehold Inc (SAFE) reported a net income of $114K in fiscal year 2025, with a net profit margin of 29.7%.
What is Safehold Inc's earnings per share (EPS)?
Safehold Inc (SAFE) reported diluted earnings per share of $1.59 for fiscal year 2025. This represents a 7.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Safehold Inc's EBITDA?
Safehold Inc (SAFE) had EBITDA of $109K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Safehold Inc have?
As of fiscal year 2025, Safehold Inc (SAFE) had $22K in cash and equivalents against $4.6M in long-term debt.
What is Safehold Inc's gross margin?
Safehold Inc (SAFE) had a gross margin of 98.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Safehold Inc's operating margin?
Safehold Inc (SAFE) had an operating margin of 26.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Safehold Inc's net profit margin?
Safehold Inc (SAFE) had a net profit margin of 29.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Safehold Inc pay dividends?
Yes, Safehold Inc (SAFE) paid $0.71 per share in dividends during fiscal year 2025.
What is Safehold Inc's return on equity (ROE)?
Safehold Inc (SAFE) has a return on equity of 4.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Safehold Inc's operating cash flow?
Safehold Inc (SAFE) generated $48K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Safehold Inc's total assets?
Safehold Inc (SAFE) had $7.2M in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does Safehold Inc have outstanding?
Safehold Inc (SAFE) had 72M shares outstanding as of fiscal year 2025.
What is Safehold Inc's debt-to-equity ratio?
Safehold Inc (SAFE) had a debt-to-equity ratio of 1.90 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Safehold Inc's return on assets (ROA)?
Safehold Inc (SAFE) had a return on assets of 1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Safehold Inc's Piotroski F-Score?
Safehold Inc (SAFE) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Safehold Inc's earnings high quality?
Safehold Inc (SAFE) has an earnings quality ratio of 0.42x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Safehold Inc cover its interest payments?
Safehold Inc (SAFE) has an interest coverage ratio of 0.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Safehold Inc?
Safehold Inc (SAFE) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.