Safe & Green Development Corp Financials
Safe & Green Development Corp (SGD) reported $8.2M in revenue for fiscal year 2025, up 3860.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Rapid revenue expansion is being absorbed by operating costs, depreciation, interest, and severe short-term funding pressure.
Revenue expanded nearly 40x in FY2025 and gross margin improved to29.1% , yet operating margin deteriorated to-151.5% ; the added gross profit was overwhelmed by fixed and noncash cost growth. Net loss of-$16.0M exceeded operating cash outflow of-$7.3M , indicating depreciation and other accounting charges reduced earnings more than they reduced current-period cash.
The business generated
The balance sheet is structured around very limited near-term liquidity: cash was only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Safe & Green Development Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Safe & Green Development Corp's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 7/100.
Not available for Safe & Green Development Corp, and counted as zero in the overall score.
Safe & Green Development Corp has a moderate D/E ratio of 1.88. This balance of debt and equity financing earns a leverage score of 32/100.
Safe & Green Development Corp's current ratio of 0.12 is below the typical benchmark, resulting in a score of 1/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Safe & Green Development Corp's reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 6/100.
Safe & Green Development Corp posts a -363.1% return on equity (ROE), meaning it loses $363 for every $100 of shareholders' equity. This results in a returns score of 5/100. This is up from -1044.1% the prior year.
Safe & Green Development Corp scores -2.73, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($5.6M) relative to total liabilities ($31.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Safe & Green Development Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Safe & Green Development Corp reported a net loss of $16.0M while operations used $7.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Safe & Green Development Corp reported an operating loss of $12.5M against $3.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Safe & Green Development Corp generated $8.2M in revenue in fiscal year 2025. This represents an increase of 3860.7% from the prior year.
Safe & Green Development Corp's EBITDA was -$8.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 31.9% from the prior year.
Safe & Green Development Corp reported -$16.0M in net income in fiscal year 2025. This represents a decrease of 79.1% from the prior year.
Safe & Green Development Corp earned -$83.99 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
Safe & Green Development Corp recorded an outflow of $10.9M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 318.2% from the prior year.
Safe & Green Development Corp held $54K in cash against $8.2M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Safe & Green Development Corp's gross margin was 29.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 17.1 percentage points from the prior year.
Safe & Green Development Corp's ROE was -363.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 681.0 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Safe & Green Development Corp invested $3.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 103765.8% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
SGD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.0M+20.5% | $3.3M-6.6% | $3.5M+150.7% | $1.4M+7618.8% | $18K-47.1% | $34K-57.7% | $81K+92.6% | $42K |
| Cost of Revenue | $2.6M+11.6% | $2.4M-9.8% | $2.6M+204.0% | $858K+7167.4% | $12K | N/A | N/A | N/A |
| Gross Profit | $1.3M+43.1% | $931K+2.5% | $909K+66.7% | $545K+8455.0% | $6K+104.3% | -$148K-282.6% | $81K+92.6% | $42K |
| SG&A Expenses | $1.4M+4148.8% | -$35K-101.7% | $2.0M+26.3% | $1.6M+185.5% | $565K+779.6% | $64K-91.8% | $778K+259.0% | $217K |
| Operating Income | -$2.8M+29.4% | -$3.9M-68.1% | -$2.3M+52.7% | -$4.9M-290.4% | -$1.3M+28.3% | -$1.8M-26.8% | -$1.4M-54.0% | -$903K |
| Interest Expense | $1.3M+274.3% | -$764K-138.1% | $2.0M+141.4% | $830K-13.0% | $955K+7.1% | $891K-6.3% | $951K-10.8% | $1.1M |
| Net Income | -$9.3M-151.9% | -$3.7M+14.9% | -$4.4M+24.0% | -$5.7M-162.6% | -$2.2M-42.5% | -$1.5M+34.7% | -$2.3M-19.0% | -$2.0M |
| EPS (Diluted) | -$4.87 | N/A | -$1.12 | -$2.29 | -$21.68 | N/A | -$2.61 | -$0.13 |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
SGD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $35.7M+0.7% | $35.5M-7.6% | $38.4M-1.8% | $39.1M+198.1% | $13.1M+2.8% | $12.8M-2.2% | $13.0M+3.0% | $12.7M |
| Current Assets | $3.2M+24.2% | $2.6M-23.2% | $3.3M-8.1% | $3.6M-36.4% | $5.7M+217.4% | $1.8M+112.3% | $850K-12.4% | $971K |
| Cash & Equivalents | $512K+846.5% | $54K-76.8% | $233K-42.2% | $403K+2198.1% | $18K-94.1% | $296K+2061.0% | $14K-43.4% | $24K |
| Inventory | $954K-11.5% | $1.1M-0.9% | $1.1M+11.0% | $980K | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | $799K-8.9% | $878K-20.0% | $1.1M | N/A | $0 | N/A | N/A |
| Goodwill | $6.2M0.0% | $6.2M-73.3% | $23.4M0.0% | $23.4M | N/A | N/A | $1.8M0.0% | $1.8M |
| Total Liabilities | $34.5M+11.0% | $31.1M-14.6% | $36.4M+4.9% | $34.7M+170.9% | $12.8M+7.6% | $11.9M-2.6% | $12.2M+14.9% | $10.6M |
| Current Liabilities | $30.0M+38.8% | $21.6M-33.7% | $32.6M+7.3% | $30.4M+153.4% | $12.0M+15.3% | $10.4M+0.5% | $10.4M+6.8% | $9.7M |
| Long-Term Debt | $3.3M-59.6% | $8.2M+226.8% | $2.5M-14.7% | $3.0M | N/A | $1.5M | N/A | N/A |
| Total Equity | $1.2M-71.9% | $4.4M+121.6% | $2.0M-54.7% | $4.4M+1354.1% | $301K-64.7% | $853K+3.9% | $821K-59.3% | $2.0M |
| Retained Earnings | -$41.7M-29.7% | -$32.2M-13.7% | -$28.3M-18.2% | -$23.9M-31.4% | -$18.2M-13.6% | -$16.0M-10.5% | -$14.5M-19.2% | -$12.2M |
SGD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.0M+70.5% | -$6.8M-1264.5% | -$501K-179.9% | $628K+213.8% | -$552K+47.7% | -$1.1M-284.4% | -$275K+52.4% | -$577K |
| Capital Expenditures | $533K | N/A | N/A | N/A | N/A | $2K | $0-100.0% | -$31K |
| Free Cash Flow | -$2.5M | N/A | N/A | N/A | N/A | -$1.1M-285.3% | -$275K+54.8% | -$608K |
| Investing Cash Flow | -$530K | N/A | N/A | N/A | -$10K+97.9% | -$478K-127.9% | -$210K-468.1% | $57K |
| Financing Cash Flow | $3.0M | N/A | N/A | N/A | $283K-84.4% | $1.8M+283.3% | $474K+1.6% | $466K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SGD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.7%+5.3pp | 28.4%+2.5pp | 25.8%-13.0pp | 38.9%+3.8pp | 35.1% | -431.5% | 100.0%0.0pp | 100.0% |
| Operating Margin | -70.0% | -119.4% | -66.3% | -351.8% | -6955.8% | -5131.8% | -1712.5% | -2141.7% |
| Net Margin | -235.7% | -112.8% | -123.7% | -408.1% | -11997.8% | -4452.4% | -2883.9% | -4669.6% |
| Return on Equity | -754.9%-670.7pp | -84.3%+135.1pp | -219.4%-88.7pp | -130.7%+593.2pp | -723.9%-544.6pp | -179.3%+106.0pp | -285.3%-187.8pp | -97.5% |
| Return on Assets | -26.1%-15.7pp | -10.4%+0.9pp | -11.3%+3.3pp | -14.6%+2.0pp | -16.6%-4.6pp | -12.0%+6.0pp | -18.0%-2.4pp | -15.6% |
| Current Ratio | 0.110.0x | 0.120.0x | 0.100.0x | 0.12-0.4x | 0.48+0.3x | 0.17+0.1x | 0.080.0x | 0.10 |
| Debt-to-Equity | 2.70+0.8x | 1.88+0.6x | 1.27+0.6x | 0.68-41.8x | 42.52+40.8x | 1.76-13.1x | 14.88+9.6x | 5.27 |
| FCF Margin | -64.4% | N/A | N/A | N/A | N/A | -3078.7% | -338.1% | -1441.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.12), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Safe & Green Development Corp Ranks
Frequently Asked Questions
What is Safe & Green Development Corp's annual revenue?
Safe & Green Development Corp (SGD) reported $8.2M in total revenue for fiscal year 2025. This represents a 3860.7% 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 Development Corp's revenue growing?
Safe & Green Development Corp (SGD) revenue grew by 3860.7% year-over-year, from $208K to $8.2M in fiscal year 2025.
Is Safe & Green Development Corp profitable?
No, Safe & Green Development Corp (SGD) reported a net income of -$16.0M in fiscal year 2025.
What is Safe & Green Development Corp's EBITDA?
Safe & Green Development Corp (SGD) had EBITDA of -$8.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Safe & Green Development Corp have?
As of fiscal year 2025, Safe & Green Development Corp (SGD) had $54K in cash and equivalents against $8.2M in long-term debt.
What is Safe & Green Development Corp's gross margin?
Safe & Green Development Corp (SGD) had a gross margin of 29.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Safe & Green Development Corp's return on equity (ROE)?
Safe & Green Development Corp (SGD) has a return on equity of -363.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Safe & Green Development Corp's free cash flow?
Safe & Green Development Corp (SGD) recorded an outflow of $10.9M in free cash flow during fiscal year 2025. This represents a -318.2% 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) recorded an outflow of $7.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Safe & Green Development Corp's total assets?
Safe & Green Development Corp (SGD) had $35.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Safe & Green Development Corp's capital expenditures?
Safe & Green Development Corp (SGD) invested $3.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Safe & Green Development Corp's current ratio?
Safe & Green Development Corp (SGD) had a current ratio of 0.12 as of fiscal year 2025, 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 1.88 as of fiscal year 2025, 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 -45.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Safe & Green Development Corp's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Safe & Green Development Corp (SGD) held $54K in cash, cash equivalents and investments, and reported an operating cash outflow of $7.3M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Safe & Green Development Corp's Altman Z-Score?
Safe & Green Development Corp (SGD) has an Altman Z-Score of -2.73, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Safe & Green Development Corp's Piotroski F-Score?
Safe & Green Development Corp (SGD) 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 to 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) reported a net loss of $16.0M while operations used $7.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $12.5M against $3.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 9 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.