Safe & Green Holdings Corp Financials

SGBX

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Safe & Green Holdings Corp (SGBX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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

Revenue

$5.0M

YoY-69.9%

5Y CAGR+10.8%

10Y CAGR-1.9%

Safe & Green Holdings Corp generated $5.0M in revenue in fiscal year 2024. This represents a decrease of 69.9% from the prior year.

EBITDA

-$9.2M

YoY+56.7%

Safe & Green Holdings Corp's EBITDA was -$9.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 56.7% from the prior year.

Free Cash Flow

-$9.4M

YoY-26.9%

Safe & Green Holdings Corp generated -$9.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 26.9% from the prior year.

Net Income

-$17.0M

YoY+35.4%

Safe & Green Holdings Corp reported -$17.0M in net income in fiscal year 2024. This represents an increase of 35.4% from the prior year.

EPS (Diluted)

$-10.53

YoY+69.1%

Safe & Green Holdings Corp earned $-10.53 per diluted share (EPS) in fiscal year 2024. This represents an increase of 69.1% from the prior year.

Cash & Debt

$376K

YoY+2544.8%

5Y CAGR-25.4%

10Y CAGR-8.2%

Safe & Green Holdings Corp held $376K in cash against $4.7M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

94,350

YoY-88.4%

5Y CAGR-39.4%

10Y CAGR-45.8%

Safe & Green Holdings Corp had 94,350 shares outstanding in fiscal year 2024. This represents a decrease of 88.4% from the prior year.

Gross Margin

-4.9%

YoY+10.6pp

5Y CAGR-27.6pp

10Y CAGR-29.2pp

Safe & Green Holdings Corp's gross margin was -4.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 10.6 percentage points from the prior year.

Operating Margin

-195.0%

YoY-63.4pp

5Y CAGR+29.6pp

10Y CAGR-182.6pp

Safe & Green Holdings Corp's operating margin was -195.0% in fiscal year 2024, reflecting core business profitability. This is down 63.4 percentage points from the prior year.

Net Margin

-341.2%

YoY-182.1pp

5Y CAGR-109.3pp

10Y CAGR-315.7pp

Safe & Green Holdings Corp's net profit margin was -341.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 182.1 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$90K

YoY-84.9%

5Y CAGR+112.8%

10Y CAGR+40.3%

Safe & Green Holdings Corp invested $90K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 84.9% from the prior year.

SGBX Income Statement

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Revenue	$5.0M-69.9%	$16.5M-32.3%	$24.4M-36.4%	$38.3M+337.9%	$8.8M+193.3%	$3.0M
Cost of Revenue	$5.2M-72.6%	$19.1M-9.7%	$21.1M-41.3%	$36.0M+451.0%	$6.5M+183.2%	$2.3M
Gross Profit	-$244K+90.5%	-$2.6M-178.6%	$3.3M+39.7%	$2.3M+4.9%	$2.2M+227.8%	$677K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.1M-53.4%	$6.6M+47.3%	$4.5M+10847.3%	$41K0.0%	$41K-97.7%	$1.8M
Operating Income	-$9.7M+55.4%	-$21.7M-200.8%	-$7.2M-20.8%	-$6.0M-30.5%	-$4.6M+31.6%	-$6.7M
Interest Expense	$3.1M+118.6%	$1.4M+325.4%	$336K	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$17.0M+35.4%	-$26.3M-215.9%	-$8.3M+23.2%	-$10.8M-130.8%	-$4.7M+32.2%	-$6.9M
EPS (Diluted)	$-10.53+69.1%	$-34.03-172.7%	$-12.48-975.9%	$-1.16	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$1.1M+45.7%	$721K+27.4%	$566K	N/A	$1.8M+44.7%	$1.2M+25.1%	$968K	N/A
Cost of Revenue	$1.4M-20.8%	$1.7M+92.8%	$890K	N/A	$1.9M+71.7%	$1.1M+69.7%	$645K	N/A
Gross Profit	-$308K+69.0%	-$994K-207.2%	-$324K	N/A	-$126K-207.3%	$117K-63.8%	$323K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4M-22.5%	$1.8M+90.8%	$946K	N/A	$275K-63.8%	$760K+58.9%	$478K	N/A
Operating Income	-$2.5M+32.0%	-$3.7M-101.3%	-$1.8M	N/A	-$2.2M-18.5%	-$1.9M-23.5%	-$1.5M	N/A
Interest Expense	$553K-40.9%	$936K+55.2%	$603K	N/A	$864K+4.9%	$824K+14.9%	$717K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$5.3M-16.2%	-$4.6M-66.5%	-$2.7M	N/A	-$3.7M+20.5%	-$4.7M-67.2%	-$2.8M	N/A
EPS (Diluted)	$-12.68-2597.9%	$-0.47-4.4%	$-0.45	N/A	$-113.82-3338.7%	$-3.31+32.9%	$-4.93	N/A

SGBX Balance Sheet

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Total Assets	$6.1M-64.7%	$17.2M-35.2%	$26.6M-24.0%	$34.9M+29.9%	$26.9M+305.2%	$6.6M
Current Assets	$1.2M-78.3%	$5.3M-28.9%	$7.5M-58.1%	$17.9M-2.1%	$18.3M+529.5%	$2.9M
Cash & Equivalents	$376K+2544.8%	$14K-97.6%	$583K-95.5%	$13.0M+0.1%	$13.0M+700.3%	$1.6M
Inventory	$471K+201.2%	$157K-66.4%	$466K-63.5%	$1.3M+63.7%	$778K	$0
Accounts Receivable	$105K-42.3%	$183K-85.7%	$1.3M-56.1%	$2.9M+10.7%	$2.6M+139.3%	$1.1M
Goodwill	N/A	N/A	$1.3M0.0%	$1.3M0.0%	$1.3M+7.0%	$1.2M
Total Liabilities	$18.5M-21.3%	$23.5M+94.3%	$12.1M-8.3%	$13.2M+56.4%	$8.4M+271.3%	$2.3M
Current Liabilities	$13.8M-32.8%	$20.5M+146.8%	$8.3M-28.1%	$11.6M+60.1%	$7.2M+218.1%	$2.3M
Long-Term Debt	$4.7M+92.9%	$2.4M-28.0%	$3.4M	N/A	N/A	N/A
Total Equity	-$12.5M-99.6%	-$6.2M-143.2%	$14.4M-33.5%	$21.7M+17.8%	$18.4M+322.9%	$4.4M
Retained Earnings	-$98.5M-29.8%	-$75.9M-83.3%	-$41.4M-25.1%	-$33.1M-48.6%	-$22.3M-26.7%	-$17.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$54.1M+0.7%	$53.7M+9.3%	$49.2M+709.8%	$6.1M-38.0%	$9.8M-53.2%	$20.9M+4.9%	$20.0M+15.9%	$17.2M
Current Assets	$4.4M+7.7%	$4.1M+183.8%	$1.4M+24.2%	$1.2M-42.0%	$2.0M-73.0%	$7.4M+20.9%	$6.1M+14.5%	$5.3M
Cash & Equivalents	$3.0M+9.2%	$2.8M+1100.5%	$231K-38.7%	$376K+46.3%	$257K-74.7%	$1.0M+37.4%	$740K+5105.4%	$14K
Inventory	$981K+30.5%	$752K-21.8%	$962K+104.0%	$471K-36.5%	$742K+232.2%	$223K-21.2%	$284K+81.2%	$157K
Accounts Receivable	$249K-19.6%	$309K+117.6%	$142K+34.8%	$105K-37.3%	$168K-53.8%	$364K+291.0%	$93K-49.0%	$183K
Goodwill	$39.2M+0.3%	$39.1M+2.6%	$38.2M	N/A	N/A	$1.8M0.0%	$1.8M	N/A
Total Liabilities	$29.2M-2.8%	$30.0M+6.8%	$28.1M+51.6%	$18.5M+3.2%	$18.0M-30.2%	$25.7M-3.3%	$26.6M+12.9%	$23.5M
Current Liabilities	$24.0M-3.3%	$24.9M+8.3%	$22.9M+66.1%	$13.8M+4.3%	$13.2M-40.7%	$22.3M-1.8%	$22.7M+10.5%	$20.5M
Long-Term Debt	$5.1M-0.4%	$5.2M0.0%	$5.2M+9.1%	$4.7M0.0%	$4.7M-62.4%	$12.6M+166.1%	$4.7M+92.9%	$2.4M
Total Equity	$24.9M+5.0%	$23.7M+12.6%	$21.1M+269.1%	-$12.5M-52.7%	-$8.2M-44.1%	-$5.7M+16.5%	-$6.8M-8.6%	-$6.2M
Retained Earnings	-$111.2M-5.0%	-$105.9M-4.5%	-$101.3M-2.8%	-$98.5M-12.7%	-$87.4M-3.5%	-$84.5M-4.8%	-$80.6M-6.2%	-$75.9M

SGBX Cash Flow Statement

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$9.3M-36.7%	-$6.8M-20.9%	-$5.6M-749.6%	-$663K+77.1%	-$2.9M-2.6%	-$2.8M
Capital Expenditures	$90K-84.9%	$600K-78.3%	$2.8M-42.8%	$4.8M+207.7%	$1.6M+75654.3%	$2K
Free Cash Flow	-$9.4M-26.9%	-$7.4M+11.7%	-$8.4M-52.9%	-$5.5M-23.1%	-$4.5M-58.1%	-$2.8M
Investing Cash Flow	N/A	-$865K+77.6%	-$3.9M+59.3%	-$9.5M-211.0%	-$3.0M-147036.4%	-$2K
Financing Cash Flow	N/A	$7.4M+351.6%	-$3.0M-129.1%	$10.1M-41.4%	$17.3M+463.2%	$3.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$43K-14.0%	$50K	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$924K	N/A
Capital Expenditures	N/A	N/A	$74K	N/A	N/A	N/A	$32K	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$956K	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$257K	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$1.9M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SGBX Financial Ratios

Metric	FY24	FY24	FY23	FY22	FY21	FY20
Gross Margin	-4.9%+10.6pp	-15.5%-28.8pp	13.3%+7.3pp	6.1%-19.3pp	25.4%+2.7pp	22.7%
Operating Margin	-195.0%-63.4pp	-131.6%-102.0pp	-29.6%-14.0pp	-15.6%+36.7pp	-52.3%+172.3pp	-224.6%
Net Margin	-341.2%-182.1pp	-159.1%-125.0pp	-34.1%-5.9pp	-28.2%+25.4pp	-53.6%+178.3pp	-231.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-279.7%-127.0pp	-152.7%-121.4pp	-31.3%-0.3pp	-31.0%-13.6pp	-17.5%+86.8pp	-104.3%
Current Ratio	0.08-0.2	0.26-0.6	0.90-0.6	1.55-1.0	2.53+1.3	1.28
Debt-to-Equity	-0.38+0.0	-0.39-0.6	0.24-0.4	0.61+0.2	0.46-0.1	0.52
FCF Margin	-188.8%-143.9pp	-44.8%-10.4pp	-34.4%-20.1pp	-14.3%+36.6pp	-50.9%+43.5pp	-94.4%

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	-29.3%+108.5pp	-137.9%-80.7pp	-57.2%	N/A	-7.2%-16.8pp	9.7%-23.7pp	33.4%	N/A
Operating Margin	-238.6%+272.7pp	-511.2%-187.8pp	-323.5%	N/A	-127.8%+28.3pp	-156.1%+2.0pp	-158.1%	N/A
Net Margin	-505.7%+128.4pp	-634.1%-149.1pp	-485.0%	N/A	-212.0%+174.2pp	-386.1%-97.1pp	-289.0%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-9.8%-1.3pp	-8.5%-2.9pp	-5.6%	N/A	-37.9%-15.6pp	-22.4%-8.3pp	-14.0%	N/A
Current Ratio	0.18+0.0	0.16+0.1	0.06-0.0	0.08-0.1	0.15-0.2	0.33+0.1	0.270.0	0.26
Debt-to-Equity	0.21-0.0	0.22-0.0	0.24+0.6	-0.38+0.2	-0.58+1.6	-2.22-1.5	-0.70-0.3	-0.39
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	-98.7%	N/A

Note: Shareholder equity is negative (-$12.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.08), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Financial Health Signals

Financial Profile 0/100

Profitability

Growth

Leverage

N/A

Liquidity

Cash Flow

Returns

N/A

Based on FY2024 annual data. Scores normalized against common benchmarks.

Piotroski F-Score Weak

3/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Low Quality

0.55x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

Interest Coverage At Risk

-3.1x

Operating income vs interest expense. Above 5x = safe, below 2x = risky.

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Frequently Asked Questions

What is Safe & Green Holdings Corp's annual revenue?

Safe & Green Holdings Corp (SGBX) reported $5.0M in total revenue for fiscal year 2024. This represents a -69.9% 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 Safe & Green Holdings Corp's revenue growing?

Safe & Green Holdings Corp (SGBX) revenue declined by 69.9% year-over-year, from $16.5M to $5.0M in fiscal year 2024.

Is Safe & Green Holdings Corp profitable?

No, Safe & Green Holdings Corp (SGBX) reported a net income of -$17.0M in fiscal year 2024, with a net profit margin of -341.2%.

What is Safe & Green Holdings Corp's earnings per share (EPS)?

Safe & Green Holdings Corp (SGBX) reported diluted earnings per share of $-10.53 for fiscal year 2024. This represents a 69.1% 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 Safe & Green Holdings Corp's EBITDA?

Safe & Green Holdings Corp (SGBX) had EBITDA of -$9.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Safe & Green Holdings Corp have?

As of fiscal year 2024, Safe & Green Holdings Corp (SGBX) had $376K in cash and equivalents against $4.7M in long-term debt.

What is Safe & Green Holdings Corp's gross margin?

Safe & Green Holdings Corp (SGBX) had a gross margin of -4.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Safe & Green Holdings Corp's operating margin?

Safe & Green Holdings Corp (SGBX) had an operating margin of -195.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Safe & Green Holdings Corp's net profit margin?

Safe & Green Holdings Corp (SGBX) had a net profit margin of -341.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Safe & Green Holdings Corp's free cash flow?

Safe & Green Holdings Corp (SGBX) generated -$9.4M in free cash flow during fiscal year 2024. This represents a -26.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Safe & Green Holdings Corp's operating cash flow?

Safe & Green Holdings Corp (SGBX) generated -$9.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Safe & Green Holdings Corp's total assets?

Safe & Green Holdings Corp (SGBX) had $6.1M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Safe & Green Holdings Corp's capital expenditures?

Safe & Green Holdings Corp (SGBX) invested $90K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Safe & Green Holdings Corp have outstanding?

Safe & Green Holdings Corp (SGBX) had 94,350 shares outstanding as of fiscal year 2024.

What is Safe & Green Holdings Corp's current ratio?

Safe & Green Holdings Corp (SGBX) had a current ratio of 0.08 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Safe & Green Holdings Corp's debt-to-equity ratio?

Safe & Green Holdings Corp (SGBX) had a debt-to-equity ratio of -0.38 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Safe & Green Holdings Corp's return on assets (ROA)?

Safe & Green Holdings Corp (SGBX) had a return on assets of -279.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Safe & Green Holdings Corp's cash runway?

Based on fiscal year 2024 data, Safe & Green Holdings Corp (SGBX) had $376K in cash against an annual operating cash burn of $9.3M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Safe & Green Holdings Corp's debt-to-equity ratio negative or unusual?

Safe & Green Holdings Corp (SGBX) has negative shareholder equity of -$12.5M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Safe & Green Holdings Corp's Piotroski F-Score?

Safe & Green Holdings Corp (SGBX) has a Piotroski F-Score of 3 out of 9, indicating weak 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.

Are Safe & Green Holdings Corp's earnings high quality?

Safe & Green Holdings Corp (SGBX) has an earnings quality ratio of 0.55x, 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.

Can Safe & Green Holdings Corp cover its interest payments?

Safe & Green Holdings Corp (SGBX) has an interest coverage ratio of -3.1x, 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.

How financially healthy is Safe & Green Holdings Corp?

Safe & Green Holdings Corp (SGBX) scores 0 out of 100 on our Financial Profile, indicating weak 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.