Safe & Green Development Corp Financials
This page shows Safe & Green Development Corp (SGD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Safe & Green Development Corp has an operating margin of -3160.1%, meaning the company retains $-3160 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.
Safe & Green Development Corp has a moderate D/E ratio of 1.76. This balance of debt and equity financing earns a leverage score of 46/100.
Safe & Green Development Corp's current ratio of 0.17 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Safe & Green Development Corp generated -$2.6M in operating cash flow, capex of $544K consumed most of it, leaving -$3.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Safe & Green Development Corp passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Safe & Green Development Corp generates $0.29 in operating cash flow (-$2.6M OCF vs -$8.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Safe & Green Development Corp earns $-1.9 in operating income for every $1 of interest expense (-$6.6M vs $3.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Safe & Green Development Corp generated $208K in revenue in fiscal year 2024.
Safe & Green Development Corp's EBITDA was -$6.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 116.8% from the prior year.
Safe & Green Development Corp generated -$3.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 30.9% from the prior year.
Safe & Green Development Corp reported -$8.9M in net income in fiscal year 2024. This represents a decrease of 112.1% from the prior year.
Safe & Green Development Corp earned $-9.78 per diluted share (EPS) in fiscal year 2024. This represents an increase of 65.9% from the prior year.
Safe & Green Development Corp held $228K in cash against $1.5M in long-term debt as of fiscal year 2024.
Safe & Green Development Corp had 1M shares outstanding in fiscal year 2024. This represents an increase of 191.5% from the prior year.
Safe & Green Development Corp's gross margin was 12.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.
Safe & Green Development Corp's operating margin was -3160.1% in fiscal year 2024, reflecting core business profitability.
Safe & Green Development Corp's net profit margin was -4292.2% in fiscal year 2024, showing the share of revenue converted to profit.
Safe & Green Development Corp invested $544K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 14202.2% from the prior year.
SGD Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5M+150.7% | $1.4M+7618.8% | $18K-47.1% | $34K-18.5% | $42K-15.4% | $50K | N/A | N/A |
| Cost of Revenue | $2.6M+204.0% | $858K+7167.4% | $12K | N/A | N/A | $28K | N/A | N/A |
| Gross Profit | $909K+66.7% | $545K+8455.0% | $6K+104.3% | -$148K-451.7% | $42K-15.4% | $50K | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.0M+26.3% | $1.6M+119.2% | $735K-28.5% | $1.0M+374.1% | $217K-53.5% | $466K | N/A | $341K |
| Operating Income | -$2.3M+52.7% | -$4.9M-290.4% | -$1.3M+28.3% | -$1.8M-95.3% | -$903K+63.9% | -$2.5M | N/A | -$584K |
| Interest Expense | $2.0M+141.4% | $830K-13.0% | $955K+7.1% | $891K-16.4% | $1.1M+88.3% | $566K | N/A | $340K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$4.4M+24.0% | -$5.7M-162.6% | -$2.2M-42.5% | -$1.5M+22.3% | -$2.0M+35.8% | -$3.1M | N/A | -$924K |
| EPS (Diluted) | $-1.12+51.1% | $-2.29-112.0% | $-1.08+42.2% | $-1.87 | $-0.13+97.5% | $-5.17 | N/A | $-11.32 |
SGD Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $38.4M-1.8% | $39.1M+198.1% | $13.1M+2.8% | $12.8M+0.8% | $12.7M+7.1% | $11.8M+23.6% | $9.6M-18.0% | $11.7M |
| Current Assets | $3.3M-8.1% | $3.6M-36.4% | $5.7M+217.4% | $1.8M+85.9% | $971K+98.9% | $488K+107.4% | $235K-47.9% | $451K |
| Cash & Equivalents | $233K-42.2% | $403K+2198.1% | $18K-92.3% | $228K+839.7% | $24K-68.7% | $78K+2296.1% | $3K-90.3% | $33K |
| Inventory | $1.1M+11.0% | $980K | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $878K-20.0% | $1.1M | N/A | $0 | N/A | N/A | N/A | N/A |
| Goodwill | $23.4M0.0% | $23.4M | N/A | $1.8M0.0% | $1.8M0.0% | $1.8M+8053.0% | $22K | N/A |
| Total Liabilities | $36.4M+4.9% | $34.7M+170.9% | $12.8M+7.6% | $11.9M+11.9% | $10.6M+14.8% | $9.3M+20.7% | $7.7M+7.4% | $7.1M |
| Current Liabilities | $32.6M+7.3% | $30.4M+153.4% | $12.0M+15.3% | $10.4M+7.3% | $9.7M+16.5% | $8.3M+8.4% | $7.7M+7.4% | $7.1M |
| Long-Term Debt | $2.5M-14.7% | $3.0M | N/A | $1.5M | N/A | N/A | N/A | N/A |
| Total Equity | $2.0M-54.7% | $4.4M+1354.1% | $301K-64.7% | $853K-57.7% | $2.0M-23.3% | $2.6M+39.3% | $1.9M-58.1% | $4.5M |
| Retained Earnings | -$28.3M-18.2% | -$23.9M-31.4% | -$18.2M-13.6% | -$16.0M-31.8% | -$12.2M-19.3% | -$10.2M-43.0% | -$7.1M-28.6% | -$5.5M |
SGD Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$501K-179.9% | $628K+213.8% | -$552K+47.7% | -$1.1M-83.0% | -$577K+16.9% | -$694K-14855.0% | $5K+100.2% | -$2.3M |
| Capital Expenditures | N/A | N/A | N/A | $543K+1852.4% | -$31K-196.9% | $32K | $0 | N/A |
| Free Cash Flow | N/A | N/A | N/A | -$1.6M-163.1% | -$608K+16.3% | -$726K-15535.5% | $5K | N/A |
| Investing Cash Flow | N/A | N/A | -$10K+97.9% | -$478K-938.9% | $57K+164.9% | -$88K | $0+100.0% | -$41K |
| Financing Cash Flow | N/A | N/A | $283K-84.4% | $1.8M+289.3% | $466K-45.5% | $856K+2557.2% | -$35K-102.8% | $1.3M |
| 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 |
SGD Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.8%-13.0pp | 38.9%+3.8pp | 35.1%+466.6pp | -431.5%-531.5pp | 100.0%0.0pp | 100.0% | N/A | N/A |
| Operating Margin | -66.3%+285.5pp | -351.8%+6603.9pp | -6955.8%-1823.9pp | -5131.8%-2990.1pp | -2141.7%+2880.2pp | -5021.8% | N/A | N/A |
| Net Margin | -123.7%+284.4pp | -408.1%+11589.6pp | -11997.8%-7545.4pp | -4452.4%+217.2pp | -4669.6%+1488.4pp | -6158.0% | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -11.3%+3.3pp | -14.6%+2.0pp | -16.6%-4.6pp | -12.0%+3.6pp | -15.6%+10.4pp | -26.0% | N/A | -7.9% |
| Current Ratio | 0.10-0.0 | 0.12-0.4 | 0.48+0.3 | 0.17+0.1 | 0.10+0.0 | 0.06+0.0 | 0.03-0.0 | 0.06 |
| Debt-to-Equity | 1.27+0.6 | 0.68-41.8 | 42.52+40.8 | 1.76-3.5 | 5.27+1.7 | 3.52-0.5 | 4.06+2.5 | 1.58 |
| FCF Margin | N/A | N/A | N/A | -4652.2%-3210.8pp | -1441.4%+15.5pp | -1456.9% | N/A | N/A |
Note: The current ratio is below 1.0 (0.17), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Safe & Green Development Corp's annual revenue?
Safe & Green Development Corp (SGD) reported $208K in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Safe & Green Development Corp profitable?
No, Safe & Green Development Corp (SGD) reported a net income of -$8.9M in fiscal year 2024, with a net profit margin of -4292.2%.
What is Safe & Green Development Corp's earnings per share (EPS)?
Safe & Green Development Corp (SGD) reported diluted earnings per share of $-9.78 for fiscal year 2024. This represents a 65.9% 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 Development Corp's EBITDA?
Safe & Green Development Corp (SGD) had EBITDA of -$6.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Safe & Green Development Corp have?
As of fiscal year 2024, Safe & Green Development Corp (SGD) had $228K in cash and equivalents against $1.5M in long-term debt.
What is Safe & Green Development Corp's gross margin?
Safe & Green Development Corp (SGD) had a gross margin of 12.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Safe & Green Development Corp's operating margin?
Safe & Green Development Corp (SGD) had an operating margin of -3160.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Safe & Green Development Corp's net profit margin?
Safe & Green Development Corp (SGD) had a net profit margin of -4292.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Safe & Green Development Corp's free cash flow?
Safe & Green Development Corp (SGD) generated -$3.1M in free cash flow during fiscal year 2024. This represents a 30.9% 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 Development Corp's operating cash flow?
Safe & Green Development Corp (SGD) generated -$2.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Safe & Green Development Corp's total assets?
Safe & Green Development Corp (SGD) had $12.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Safe & Green Development Corp's capital expenditures?
Safe & Green Development Corp (SGD) invested $544K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Safe & Green Development Corp have outstanding?
Safe & Green Development Corp (SGD) had 1M shares outstanding as of fiscal year 2024.
What is Safe & Green Development Corp's current ratio?
Safe & Green Development Corp (SGD) had a current ratio of 0.17 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Safe & Green Development Corp's debt-to-equity ratio?
Safe & Green Development Corp (SGD) had a debt-to-equity ratio of 1.76 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Safe & Green Development Corp's return on assets (ROA)?
Safe & Green Development Corp (SGD) had a return on assets of -69.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Safe & Green Development Corp's cash runway?
Based on fiscal year 2024 data, Safe & Green Development Corp (SGD) had $228K in cash against an annual operating cash burn of $2.6M. This gives an estimated cash runway of approximately 1 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.
What is Safe & Green Development Corp's Piotroski F-Score?
Safe & Green Development Corp (SGD) has a Piotroski F-Score of 2 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. Learn more in our complete guide to financial health indicators.
Are Safe & Green Development Corp's earnings high quality?
Safe & Green Development Corp (SGD) has an earnings quality ratio of 0.29x, 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 Safe & Green Development Corp cover its interest payments?
Safe & Green Development Corp (SGD) has an interest coverage ratio of -1.9x, 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 Safe & Green Development Corp?
Safe & Green Development Corp (SGD) scores 11 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. Learn more in our complete guide to financial health indicators.