Safe and Green Development Corporation (SGD) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SGD SEC filings page.
Safe and Green Development Corporation (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).
Revenue expanded sharply in FY2025, yet heavy operating costs, investment needs, and weak liquidity kept the business deeply cash-consuming.
The jump in revenue from$208K in FY2024 to$8.2M did not translate into operating leverage: operating margin worsened to-151.5% even as gross margin improved to29.1% . That combination points to overhead, interest, and other operating burdens growing faster than the gross profit generated by the larger business.
FY2025 recorded a net loss of
The balance sheet is shaped by a severe short-term mismatch: current liabilities of
Financial Health Signals
Scored against emerging 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 and Green Development Corporation'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 and Green Development Corporation held $54K in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $7.3M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Safe and Green Development Corporation scores 1/100 among other emerging companies.
Safe and Green Development Corporation had 938,559 shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Safe and Green Development Corporation scores 24/100 among other emerging companies.
Not available for Safe and Green Development Corporation, and counted as zero in the overall score.
Safe and Green Development Corporation reported revenue of $8.2M in fiscal year 2025, against $208K in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Safe and Green Development Corporation scores 99/100 among other emerging companies.
Safe and Green Development Corporation's operations used $7.3M of cash in fiscal year 2025, against $2.6M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Safe and Green Development Corporation scores 26/100 among other emerging companies.
Safe and Green Development Corporation's cash, cash equivalents and investments came to $54K at the end of fiscal year 2025, against $31.1M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Safe and Green Development Corporation scores 1/100 among other emerging companies.
Safe and Green Development Corporation 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 and Green Development Corporation 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 and Green Development Corporation 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 and Green Development Corporation 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 and Green Development Corporation generated $4.0M in revenue in Q1 2026. This represents an increase of 21683.8% from the same quarter a year earlier. Against the prior quarter it is up 20.5%.
Safe and Green Development Corporation's EBITDA was $146K in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 111.8% from the same quarter a year earlier. Against the prior quarter it is up 119.4%.
Safe and Green Development Corporation reported -$9.3M in net income in Q1 2026. This represents a decrease of 327.9% from the same quarter a year earlier. Against the prior quarter it is down 151.9%.
Safe and Green Development Corporation earned -$4.87 per diluted share (EPS) in Q1 2026.
Cash & Balance Sheet
Safe and Green Development Corporation recorded an outflow of $2.5M in free cash flow in Q1 2026, representing a cash shortfall after capex.
Safe and Green Development Corporation held $512K in cash against $3.3M in long-term debt as of Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Safe and Green Development Corporation's gross margin was 33.7% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.3 percentage points.
Safe and Green Development Corporation's operating margin was -70.0% in Q1 2026, reflecting core business profitability. No change is given against Q1 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Safe and Green Development Corporation's ROE was -754.9% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 31.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 670.7 percentage points.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Safe and Green Development Corporation invested $533K in capex in Q1 2026, funding long-term assets and infrastructure.
Not reported for Q1 2026.
Not reported for Q1 2026.
SGD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'25 | Q2'25 | Q1'2510-Q | Q4'2410-K | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.0M+21683.8% | $3.3M+9456.7% | $3.5M+4229.2% | $1.4M+3226.5% | $18K-63.5% | $34K | $81K | $42K |
| Cost of Revenue | $2.6M+22151.4% | $2.4M | $2.6M | $858K | $12K-58.0% | N/A | N/A | N/A |
| Gross Profit | $1.3M+20817.7% | $931K+728.0% | $909K+1018.9% | $545K+1192.5% | $6K-87.2% | -$148K | $81K | $42K |
| SG&A Expenses | $1.4M+151.8% | -$35K-154.7% | $2.0M+161.6% | $1.6M+643.2% | $565K+21.1% | $64K | $778K+128.1% | $217K-23.8% |
| Operating Income | -$2.8M-119.1% | -$3.9M-122.3% | -$2.3M-67.7% | -$4.9M-446.5% | -$1.3M+49.5% | -$1.8M | -$1.4M-138.1% | -$903K-81.9% |
| EBITDA | $146K+111.8% | -$756K+57.1% | -$1.9M-36.8% | -$4.8M-426.4% | -$1.2M+50.5% | -$1.8M | -$1.4M-137.9% | -$903K |
| Interest Expense | $1.3M+39.5% | -$764K-185.7% | $2.0M+110.7% | $830K-22.1% | $955K+68.7% | $891K | $951K+179.9% | $1.1M+265.7% |
| Net Income | -$9.3M-327.9% | -$3.7M-142.0% | -$4.4M-85.8% | -$5.7M-190.7% | -$2.2M+28.9% | -$1.5M | -$2.3M-153.6% | -$2.0M-149.9% |
| EPS (Basic) | -$4.87+77.5% | N/A | -$1.12+57.1% | -$2.29-1661.5% | -$21.68-319.3% | N/A | -$2.61+76.9% | -$0.13+100.0% |
| EPS (Diluted) | -$4.87 | N/A | -$1.12 | -$2.29 | -$21.68 | N/A | -$2.61 | -$0.13 |
| Diluted Shares (Avg) | 2M | N/A | 4M | 2M | 100,557 | N/A | 895,783 | 15M |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'25 | Q2'25 | Q1'2510-Q | Q4'2410-K | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $35.7M+172.6% | $35.5M+178.2% | $38.4M+194.4% | $39.1M+208.7% | $13.1M+10.9% | $12.8M+33.4% | $13.0M+11.9% | $12.7M |
| Current Assets | $3.2M-44.2% | $2.6M+42.4% | $3.3M+293.8% | $3.6M+275.2% | $5.7M+1073.7% | $1.8M+667.0% | $850K+88.4% | $971K |
| Cash & Equivalents | $512K+2817.6% | $54K-81.7% | $233K+1600.1% | $403K+1563.0% | $18K-77.4% | $296K+9053.3% | $14K-58.9% | $24K-97.8% |
| Inventory | $954K | $1.1M | $1.1M | $980K | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | $799K | $878K | $1.1M | N/A | $0 | N/A | N/A |
| Goodwill | $6.2M | $6.2M | $23.4M+1189.7% | $23.4M+1189.7% | N/A | N/A | $1.8M | $1.8M |
| Total Liabilities | $34.5M+169.4% | $31.1M+161.2% | $36.4M+198.0% | $34.7M+226.2% | $12.8M+38.2% | $11.9M+55.1% | $12.2M+71.0% | $10.6M |
| Current Liabilities | $30.0M+150.2% | $21.6M+107.7% | $32.6M+214.7% | $30.4M+213.4% | $12.0M+44.1% | $10.4M+35.6% | $10.4M+44.9% | $9.7M |
| Non-Current Liabilities | $4.5M+451.7% | $9.5M+531.8% | $3.8M+104.8% | $4.3M+356.6% | $816K-13.7% | $1.5M | $1.9M | $945K |
| Long-Term Debt | $3.3M | $8.2M+449.6% | $2.5M | $3.0M | N/A | $1.5M | N/A | N/A |
| Total Equity | $1.2M+310.4% | $4.4M+415.0% | $2.0M+141.6% | $4.4M+117.0% | $301K-88.5% | $853K-54.8% | $821K-81.8% | $2.0M+40.9% |
| Retained Earnings | -$41.7M-129.1% | -$32.2M-100.6% | -$28.3M-95.0% | -$23.9M-96.8% | -$18.2M-78.6% | -$16.0M-124.9% | -$14.5M-161.6% | -$12.2M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'25 | Q2'25 | Q1'2510-Q | Q4'2410-K | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.0M-265.4% | -$6.8M-548.3% | -$501K-82.6% | $628K+208.9% | -$552K+20.5% | -$1.1M-22547.6% | -$275K+87.9% | -$577K+57.8% |
| Depreciation & Amortization | $2.9M+10909.3% | $3.2M+248471.6% | $432K+23924.9% | $181K | $26K+16347.2% | $1K | $2K+2298.7% | $0 |
| Stock-Based Compensation | $89K0.0% | N/A | N/A | N/A | $89K-94.9% | N/A | $58K | $185K |
| Capital Expenditures | $533K | N/A | N/A | N/A | N/A | $2K | $0 | -$31K |
| Free Cash Flow | -$2.5M | N/A | N/A | N/A | N/A | -$1.1M-22600.4% | -$275K | -$608K |
| Investing Cash Flow | -$530K-5196.8% | N/A | N/A | N/A | -$10K+88.6% | -$478K | -$210K-412.3% | $57K+2181.8% |
| Financing Cash Flow | $3.0M+960.6% | N/A | N/A | N/A | $283K-66.9% | $1.8M+5313.7% | $474K-62.2% | $466K-58.2% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'25 | Q2'25 | Q1'2510-Q | Q4'2410-K | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.7%-1.4pp | 28.4% | 25.8%-74.2pp | 38.9%-61.1pp | 35.1%-64.9pp | -431.5% | 100.0% | 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%-31.0pp | -84.3%+95.1pp | -219.4%+65.9pp | -130.7%-33.2pp | -723.9%-607.3pp | -179.3% | -285.3%-264.8pp | -97.5%-42.5pp |
| Return on Assets | -26.1%-9.5pp | -10.4%+1.6pp | -11.3%+6.6pp | -14.6%+0.9pp | -16.6%+9.3pp | -12.0% | -18.0%-10.0pp | -15.6% |
| Current Ratio | 0.11-0.4x | 0.12-0.1x | 0.100.0x | 0.120.0x | 0.48+0.4x | 0.17+0.1x | 0.080.0x | 0.10 |
| Debt-to-Equity | 2.70-39.8x | 1.88+0.1x | 1.27-13.6x | 0.68-4.6x | 42.52+39.0x | 1.76-2.3x | 14.88+13.3x | 5.27 |
| Asset Turnover | 0.11+0.1x | 0.09+0.1x | 0.09+0.1x | 0.040.0x | 0.000.0x | 0.00 | 0.01 | 0.00 |
| 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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Safe and Green Development Corporation SGD | FY2025 | $8.2M | -$16.0M | N/A | $5.6M | 25/100 |
| Xinyuan Real Estate Co. LTD. American XIN | FY2024 | $514.7M | -$51.0M | -9.9% | $13.5M | 17/100 |
| New Concept Energy Inc GBR | FY2025 | $155K | -$46K | -29.7% | $3.6M | — |
| JFB Construction Holdings JFB | FY2025 | $30.5M | -$5.3M | -17.3% | $100.0M | 55/100 |
| Alset Inc. AEI | FY2025 | $4.5M | -$47.4M | N/A | $27.5M | 28/100 |
Where Safe and Green Development Corporation Ranks
Frequently Asked Questions
What is Safe and Green Development Corporation's annual revenue?
Safe and Green Development Corporation (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 and Green Development Corporation's revenue growing?
Safe and Green Development Corporation (SGD) revenue grew by 3860.7% year-over-year, from $208K to $8.2M in fiscal year 2025.
Is Safe and Green Development Corporation profitable?
No, Safe and Green Development Corporation (SGD) reported a net income of -$16.0M in fiscal year 2025.
What is Safe and Green Development Corporation's EBITDA?
Safe and Green Development Corporation (SGD) had EBITDA of -$8.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Safe and Green Development Corporation have?
As of fiscal year 2025, Safe and Green Development Corporation (SGD) had $54K in cash and equivalents against $8.2M in long-term debt.
What is Safe and Green Development Corporation's gross margin?
Safe and Green Development Corporation (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 and Green Development Corporation's return on equity (ROE)?
Safe and Green Development Corporation (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 and Green Development Corporation's free cash flow?
Safe and Green Development Corporation (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 and Green Development Corporation's operating cash flow?
Safe and Green Development Corporation (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 and Green Development Corporation's total assets?
Safe and Green Development Corporation (SGD) had $35.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Safe and Green Development Corporation's capital expenditures?
Safe and Green Development Corporation (SGD) invested $3.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Safe and Green Development Corporation's current ratio?
Safe and Green Development Corporation (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 and Green Development Corporation's debt-to-equity ratio?
Safe and Green Development Corporation (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 and Green Development Corporation's return on assets (ROA)?
Safe and Green Development Corporation (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 and Green Development Corporation's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Safe and Green Development Corporation (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 and Green Development Corporation's Altman Z-Score?
Safe and Green Development Corporation (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 and Green Development Corporation's Piotroski F-Score?
Safe and Green Development Corporation (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 and Green Development Corporation's earnings high quality?
Safe and Green Development Corporation (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 and Green Development Corporation cover its interest payments?
Safe and Green Development Corporation (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 and Green Development Corporation?
Safe and Green Development Corporation (SGD) scores 25 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.