Safehold financials
$12.00−1.72%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 |
|---|---|---|---|
| Revenue | $72.1M | $71.1M | $71.3M |
| Gross profit | $67.3M | $66.8M | $66.6M |
| Gross margin | 93.4% | 94.1% | 93.5% |
| Operating income | -$5.9M | -$9.5M | -$177.4M |
| Net income | $114.5M | $105.8M | -$55.0M |
| Net margin | 158.8% | 148.8% | −77.1% |
| Diluted EPS | $1.59 | $1.48 | $-0.82 |
| EBITDA | $2.6M | $448.0K | -$22.1M |
| Operating cash flow | $47.8M | $37.9M | $15.4M |
| Free cash flow | $47.8M | $37.9M | $15.4M |
| Diluted shares | 71.8M | 71.5M | 66.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|
| Cash & equivalents | $21.7M | $8.3M | $18.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 |
| Total debt | $4.59B | $4.32B | $4.05B |
| Total assets | $7.25B | $6.90B | $6.55B |
| Total liabilities | $4.81B | $4.53B | $4.25B |
| Shareholders' equity | $2.44B | $2.37B | $2.28B |
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