While revenue surged to $3.3 million in 2025Q4, the company continues to struggle with profitability, reporting a negative FFO of -$4.3 million for the same period.
| Revenue | 8.22M | 207.55K | 0 | 0 | 0 |
| Revenue Growth % | 3860.67% | - | - | - | - |
| Property Operating Expenses | 5.83M | 182.66K | 236 | 0 | 0 |
| Net Operating Income (NOI) | 2.39M | 24.9K | -236 | 0 | 0 |
| NOI Margin % | 29.09% | 12% | - | - | - |
| Operating Expenses | 7.61M | 6.58M | 3.02M | 2.14M | 485.75K |
| G&A Expenses | 7.61M | 6.58M | 3.02M | 2.14M | 485.75K |
| EBITDA | -5.22M | -6.56M | -3.02M | -2.14M | -485.75K |
| EBITDA Margin % | -63.53% | -3158.57% | - | - | - |
| Depreciation & Amortization | 0 | 3.23K | 236 | 0 | 0 |
| D&A / Revenue % | 0% | 1.56% | - | - | - |
| Operating Income | -5.22M | -6.56M | -3.02M | -2.14M | -485.75K |
| Operating Margin % | -63.53% | -3160.13% | - | - | - |
| Interest Expense | -5.27M | 3.47M | 1.18M | 306.39K | 0 |
| Interest Coverage | -0.99x | -1.56x | -2.56x | -6.98x | - |
| Non-Operating Income | 0 | -1.12M | -1.22K | 0 | 0 |
| Pretax Income | -15.96M | -8.91M | -4.2M | -2.44M | -485.75K |
| Pretax Margin % | -194.11% | -4292.17% | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | -15.96M | -8.91M | -4.2M | -2.44M | -485.75K |
| Net Margin % | -194.11% | -4292.17% | - | - | - |
| Net Income Growth % | -79.12% | -112.08% | -71.85% | -403.2% | - |
| Funds From Operations (FFO) | -14.26M | -8.91M | -4.2M | -2.44M | -485.75K |
| FFO Margin % | -173.52% | -4290.61% | - | - | - |
| FFO Growth % | -60.17% | -112.01% | - | - | - |
| FFO per Share | -61.16 | -9.32 | -0.42 | -0.24 | -0.03 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | -83.99 | -9.32 | -0.42 | -1.21 | -0.03 |
| EPS Growth % | -801.18% | -2119.05% | 65.29% | -3960.4% | - |
| EPS (Basic) | -83.99 | -9.32 | -0.42 | -1.21 | -0.03 |
| Diluted Shares Outstanding | 233.21K | 956K | 10M | 10M | 16.3M |
Liquidity and capital exhaustion
As reported in recent financial statements, SGD experienced a significant revenue surge to $3.3 million in 2025Q4, yet this growth appears highly episodic and tied to project-based completions rather than a consistent, scalable expansion of the company's core modular development and technology-driven business model.
The dramatic quarter-over-quarter revenue fluctuations suggest that the company's top-line performance is heavily dependent on the timing of specific asset sales. Investors should monitor whether this volatility reflects a sustainable pipeline or merely the irregular recognition of legacy development projects.
Based on the company's reported figures, FFO remains deeply negative at -$4.3 million for 2025Q4, indicating that the firm's current operating structure is unable to generate sufficient cash flow to cover its corporate overhead and ongoing technology development investments without external capital support.
The consistent negative FFO per share trajectory highlights a structural inability to achieve profitability at current scale. This trend suggests that the company may remain reliant on dilutive equity raises to fund its operations, which warrants further investigation into the long-term viability of the current business model.
According to the provided income statement data, the company's NOI margin of 28.4% in 2025Q4 demonstrates that while property-level activities generate positive returns, the broader corporate cost structure remains significantly strained, resulting in persistent net losses that undermine the company's overall financial health.
The disparity between property-level NOI and bottom-line results suggests that the company is struggling to achieve the necessary scale to absorb its fixed operating expenses. Without a substantial increase in throughput, the current margin profile appears insufficient to reach self-sustaining profitability.
As indicated by the reported cash balance of only $54,066, the company faces a precarious liquidity position that may necessitate immediate capital market intervention to sustain its current development and R&D activities, as noted in the most recent financial disclosures provided for analysis.
The extremely low cash reserve relative to the quarterly burn rate suggests that the company is operating with minimal margin for error. This vulnerability warrants close monitoring, as any delay in project velocity could lead to a severe liquidity crunch that limits the firm's ability to execute its strategic objectives.
Quick answers to the most common questions about buying SGD stock.
For fiscal year 2025, Safe and Green Development Corporation (SGD) reported total revenue of $8.2M.
Safe and Green Development Corporation (SGD) reported a net loss of $16.0M for the fiscal year ending 2025.
Safe and Green Development Corporation (SGD) reported an operating income of $-5.2M, resulting in an operating profit margin of -63.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Safe and Green Development Corporation (SGD) generated $2.4M in gross profit for the year, representing a gross profit margin of 29.1%. This demonstrates the company's core pricing power and production efficiency.