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 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).
Revenue growth is visible, but the business still runs on external funding because cash conversion remains deeply negative.
Sales reached$8.2M and gross margin improved to29.1% , a big step up from the prior year's thin revenue base. Yet operating cash flow was still-$7.3M , so the extra activity is arriving with heavier cash demands instead of relieving them; that is a cash-conversion gap, not a profit rebound.
The liquidity picture is much weaker than the asset total suggests: cash was just
In the latest year, gross profit was only
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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 has an operating margin of -151.5%, meaning the company retains $-151 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. This is up from -3160.1% the prior year.
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 64/100.
Safe & Green Development Corp's current ratio of 0.12 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Safe & Green Development Corp generated -$7.3M in operating cash flow, capex of $3.6M consumed most of it, leaving -$10.9M 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 generates a -363.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -1044.1% the prior year.
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.
For every $1 of reported earnings, Safe & Green Development Corp generates $0.46 in operating cash flow (-$7.3M OCF vs -$16.0M 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 $-4.1 in operating income for every $1 of interest expense (-$12.5M vs $3.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
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. This represents an increase of 57.1% from the prior year.
Cash & Balance Sheet
Safe & Green Development Corp generated -$10.9M in free cash flow in fiscal year 2025, representing cash available 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.
Safe & Green Development Corp had 938,559 shares outstanding in fiscal year 2025. This represents an increase of 1450.8% from the prior year.
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 operating margin was -151.5% in fiscal year 2025, reflecting core business profitability. This is up 3008.7 percentage points from the prior year.
Safe & Green Development Corp's net profit margin was -194.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4098.1 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.
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.
SGD Income Statement
| 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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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+51.1% | $-2.29+89.4% | $-21.68 | N/A | $-2.61 | $-0.13 |
SGD Balance Sheet
| 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
| 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 |
| 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 | 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%+466.6pp | -431.5%-531.5pp | 100.0%0.0pp | 100.0% |
| Operating Margin | -70.0%+49.4pp | -119.4%-53.0pp | -66.3%+285.5pp | -351.8%+6603.9pp | -6955.8%-1823.9pp | -5131.8%-3419.3pp | -1712.5%+429.1pp | -2141.7% |
| Net Margin | -235.7%-122.9pp | -112.8%+11.0pp | -123.7%+284.4pp | -408.1%+11589.6pp | -11997.8%-7545.4pp | -4452.4%-1568.5pp | -2883.9%+1785.7pp | -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 | 0.11-0.0 | 0.12+0.0 | 0.10-0.0 | 0.12-0.4 | 0.48+0.3 | 0.17+0.1 | 0.08-0.0 | 0.10 |
| Debt-to-Equity | 2.70+0.8 | 1.88+0.6 | 1.27+0.6 | 0.68-41.8 | 42.52+40.8 | 1.76-13.1 | 14.88+9.6 | 5.27 |
| FCF Margin | -64.4% | N/A | N/A | N/A | N/A | -3078.7%-2740.6pp | -338.1%+1103.3pp | -1441.4% |
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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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, with a net profit margin of -194.1%.
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 operating margin?
Safe & Green Development Corp (SGD) had an operating margin of -151.5% in fiscal year 2025, 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 -194.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
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) generated -$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) generated -$7.3M in operating cash flow during fiscal year 2025, representing cash generated from 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.
What is Safe & Green Development Corp's cash runway?
Based on fiscal year 2025 data, Safe & Green Development Corp (SGD) had $54K in cash against an annual operating cash burn of $7.3M. 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.
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) has an earnings quality ratio of 0.46x, 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 -4.1x, 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. 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.