15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $386M | $114M | 98.8% | 26.2% | — | $4.6B | $22M |
| 2024 | $366M | $106M | 98.8% | 23.8% | — | $4.3B | $8M |
| 2023 | $353M | -$55M | 98.7% | -21.9% | — | $4.1B | $19M |
| 2022 | $270M | $135M | 98.8% | 50.2% | — | $3.5B | $20M |
| 2021 | $187M | $73M | 98.6% | 35.0% | — | $2.6B | $30M |
| 2020 | $324M | -$42M | 0.0% | 0.0% | — | $2.6B | $99M |
| 2019 | $274M | $324M | 0.0% | 0.0% | — | $3.4B | $307M |
| 2018 | $798M | -$32M | 0.0% | 0.0% | — | $3.6B | $932M |
| 2017 | $679M | $176M | 0.0% | 0.0% | — | $3.5B | $658M |
| 2016 | $455M | $95M | 0.0% | 0.0% | — | $3.4B | $329M |
| 2015 | $496M | -$2M | 0.0% | 0.0% | — | $4.1B | $711M |
| 2014 | $445M | $16M | 0.0% | 0.0% | — | $4.0B | $472M |
| 2013 | $391M | -$112M | 0.0% | 0.0% | — | $4.2B | $514M |
| 2012 | $398M | -$240M | 0.0% | 0.0% | — | $4.7B | $256M |
| 2011 | $462M | -$22M | 0.0% | 0.0% | — | $5.8B | $357M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $111M | $29M | 98.8% | 23.0% | — | $4.7B | $19M |
| Dec '25 | $98M | $28M | 98.6% | 27.4% | — | $4.6B | $22M |
| Sep '25 | $96M | $29M | 98.5% | 25.9% | — | $4.5B | $12M |
| Jun '25 | $94M | $28M | 99.1% | 25.5% | — | $4.4B | $14M |
| Mar '25 | $98M | $29M | 98.8% | 25.9% | — | $4.3B | $17M |
| Dec '24 | $92M | $26M | 98.8% | 24.6% | — | $4.3B | $8M |
| Sep '24 | $91M | $19M | 98.8% | 17.5% | — | $4.3B | $16M |
| Jun '24 | $90M | $30M | 98.8% | 26.7% | — | $4.2B | $13M |
| Mar '24 | $93M | $31M | 98.8% | 26.4% | — | $4.1B | $11M |
| Dec '23 | $103M | $41M | 98.6% | 33.9% | — | $4.1B | $19M |
| Sep '23 | $86M | -$123M | 98.8% | -152.2% | — | $3.9B | $11M |
| Jun '23 | $86M | $22M | 98.8% | 18.5% | — | $4.0B | $14M |
| Mar '23 | $78M | $5M | 98.5% | 3.1% | — | $3.9B | $20M |
| Dec '22 | $73M | $22M | 98.9% | 26.4% | — | $3.5B | $20M |
| Sep '22 | $72M | $66M | 98.8% | 102.0% | — | $1.7B | $36M |
| Jun '22 | $65M | $23M | 98.9% | 31.5% | — | $1.8B | $25M |
| Mar '22 | $60M | $25M | 98.8% | 37.5% | — | $2.1B | $31M |
| Dec '21 | $51M | $13M | 0.0% | 0.0% | — | $2.6B | $30M |
| Sep '21 | $144M | $128M | 0.0% | 0.0% | — | $3.3B | $299M |
| Jun '21 | $54M | -$14M | 0.0% | 0.0% | — | $3.3B | $155M |
How the market has priced SAFE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Safehold Inc.'s revenue has grown 3.5% per year. These are computed facts, not advice.
As of FY2025, Safehold Inc. reported $4.6B of total debt against $22M of cash.
In FY2025, gross margin was 98.8%, operating margin 26.2%, and net margin 29.7%.
As of Jun '26, Safehold Inc. traded at a price-to-earnings ratio of about 9.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.