Safehold financials
$12.00−1.72%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31.7M | $30.0M | $17.0M | $17.0M | $16.7M | $21.4M | $16.7M | $16.6M | $16.7M | $21.0M | $16.9M | $16.7M |
| Gross profit | $17.0M | $16.5M | $15.7M | $15.6M | $15.8M | $20.2M | $15.7M | $15.6M | $15.7M | $19.9M | $15.5M | $15.7M |
| Gross margin | 53.7% | 55.0% | 92.2% | 91.8% | 94.7% | 94.6% | 93.7% | 93.7% | 93.8% | 94.9% | 91.5% | 94.0% |
| Operating income | $541.0K | -$1.8M | -$1.6M | -$1.8M | -$2.0M | -$568.0K | -$2.2M | -$8.2M | -$101.0K | $1.0M | -$4.1M | -$152.5M |
| Net income | $30.2M | $28.9M | $27.9M | $29.3M | $27.9M | $29.4M | $26.0M | $19.3M | $29.7M | $30.7M | $41.2M | -$123.0M |
| Net margin | 95.0% | 96.1% | 164.1% | 172.3% | 167.3% | 137.3% | 155.8% | 116.1% | 177.7% | 146.3% | 243.4% | −735.7% |
| Diluted EPS | $0.42 | $0.40 | $0.39 | $0.41 | $0.39 | $0.41 | $0.36 | $0.27 | $0.42 | $0.43 | $0.58 | $-1.81 |
| EBITDA | $2.4M | $76.0K | $527.0K | $320.0K | $175.0K | $1.6M | $299.0K | -$5.7M | $1.8M | $4.1M | -$4.1M | -$4.1M |
| Operating cash flow | $34.6M | -$8.6M | $12.3M | -$1.4M | $28.0M | $8.9M | $7.9M | $8.3M | $24.8M | -$3.1M | $23.1M | $1.8M |
| Free cash flow | -$82.4M | -$76.4M | $12.3M | -$1.4M | -$37.2M | -$7.2M | $7.9M | $8.3M | $24.8M | -$3.1M | $23.1M | $1.8M |
| Diluted shares | 71.6M | 72.0M | 71.9M | 71.8M | 71.8M | 71.6M | 71.6M | 71.5M | 71.5M | 71.2M | 71.2M | 68.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $15.9M | $19.3M | $21.7M | $12.1M | $13.9M | $17.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $4.65B | $4.70B | $4.59B | $4.51B | $4.44B | $4.34B |
| Total assets | $7.52B | $7.38B | $7.25B | $7.15B | $7.06B | $6.93B |
| Total liabilities | $4.89B | $4.92B | $4.81B | $4.73B | $4.66B | $4.55B |
| Shareholders' equity | $2.63B | $2.46B | $2.44B | $2.42B | $2.40B | $2.38B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology