Tearsheet

Safe & Green (SGBX)

Market Price (12/26/2025): $2.31 | Market Cap: $1.0 Mil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Safe & Green (SGBX)

Market Price (12/26/2025): $2.31
Market Cap: $1.0 Mil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -81%	Weak multi-year price returns 2Y Excs Rtn is -147%, 3Y Excs Rtn is -181%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -329%
1	Megatrend and thematic drivers Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, Resource Efficiency Solutions, Show more.		Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 947%
2			Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -43%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -49%, Rev Chg QQuarterly Revenue Change % is -40%
3			Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%
4			Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -142%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -153%
5			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1983%
6			High stock price volatility Vol 12M is 293%
7			Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 124%
8			Key risks SGBX key risks include [1] substantial doubt about its ability to continue as a going concern due to significant financial distress, Show more.

0	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -81%
1	Megatrend and thematic drivers Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, Resource Efficiency Solutions, Show more.
2	Weak multi-year price returns 2Y Excs Rtn is -147%, 3Y Excs Rtn is -181%
3	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -329%
4	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 947%
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -43%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -49%, Rev Chg QQuarterly Revenue Change % is -40%
6	Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%
7	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -142%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -153%
8	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1983%
9	High stock price volatility Vol 12M is 293%
10	Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 124%
11	Key risks SGBX key risks include [1] substantial doubt about its ability to continue as a going concern due to significant financial distress, Show more.

Valuation, Metrics & Events

	12/26/25	2024	2023	2022	2021
Share Price CYE	$2.31	$30.72	$602.62	$971.41	$1,333.03
Market Cap CYE ($ Mil)	1.0	185.4	8.2	10.4	11.4
Total Debt ($ Mil)	12.2	6.9	5.5	7.7	3.9
Total Cash ($ Mil)	3.0	0.4	0.0	0.6	13.0
Enterprise Value ($ Mil)	10.1	192.3	13.7	18.1	15.3
Valuation Ratios
P/S TTM	0.3	0.2	0.4	0.4	0.3
P/EBIT TTM	-0.1	-0.1	-0.3	-1.5	-1.6
P/E TTM	-0.1	-0.1	-0.3	-1.2	-0.9
P/FCF TTM	-0.2	-0.1	-1.0	-1.2	-1.8
Sector Ratios
P/S TTM (Sector)	1.7	1.5	1.4	1.1	1.6
P/EBIT TTM (Sector)	13.0	11.8	11.2	9.1	12.2
P/E TTM (Sector)	17.2	16.5	15.4	12.1	16.2
P/FCF TTM (Sector)	13.5	13.4	12.1	8.5	14.0

	12/26/25	2024	2023
Share Price CYE	$2.31	$30.72	$602.62
Market Cap CYE ($ Mil)	1.0	185.4	8.2
Total Debt ($ Mil)	12.2	6.9	5.5
Total Cash ($ Mil)	3.0	0.4	0.0
Enterprise Value ($ Mil)	10.1	192.3	13.7
Valuation Ratios
P/S TTM	0.3	0.2	0.4
P/EBIT TTM	-0.1	-0.1	-0.3
P/E TTM	-0.1	-0.1	-0.3
P/FCF TTM	-0.2	-0.1	-1.0
Sector Ratios
P/S TTM (Sector)	1.7	1.5	1.4
P/EBIT TTM (Sector)	13.0	11.8	11.2
P/E TTM (Sector)	17.2	16.5	15.4
P/FCF TTM (Sector)	13.5	13.4	12.1

	SGBX	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.0
Rev Chg Q	-40.0%	7.3%
Rev Chg LTM	-42.6%	6.1%
Rev Chg 3Y Avg	-48.7%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.0
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	-329.5%	18.8%
CFO/Rev LTM	-141.9%	20.4%
Net Inc Mgn	-566.4%	13.1%
VALUATION	VERY LOW
P/S	0.3	3.3
P/CFO	-0.2	15.8
P/FCF	-0.2	20.7
P/E	-0.1	23.5
STABILITY	POOR
Debt/Equity	12.59	0.21
Cash/Assets	0.06	0.07

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Metric	Value	Date	Source
Construction Backlog	1210000	6302025	Link
Number of Oil Wells	611+	8152025	Link
Projected Factory Utilization Rate	90%+	5082024	Link
Residential Units in Development	4000+	7182023	Link
Planned Manufacturing Space	360,000+ square feet	12182023	Link
Initial Value of Master Purchase Agreement with SG DevCo	140000000+	12182023	Link
Number of Manufacturing Facilities (Operational and Planned)	4	12182023	Link

Upcoming
3/30/2026	Earnings Release	Rev: - EPS: -

SGBX Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are five key points explaining significant movements in Safe & Green Holdings (SGBX) stock, drawing from the most recent available information: 1. Multiple Reverse Stock Splits Safe & Green Holdings has undertaken multiple reverse stock splits, with a 1-for-20 reverse split occurring on May 2, 2024, and another 1-for-64 reverse stock split becoming effective on September 8, 2025. While reverse splits are often intended to increase the per-share price to meet exchange listing requirements, they typically do not alter the company's overall market capitalization and can sometimes lead to further share price depreciation in the long term, severely impacting an original position's value.

2. Significant Decline in Revenue The company experienced a substantial decrease in revenue, with reported revenue for the twelve months ended December 31, 2024, at $4.9 million, down from $15.5 million for the twelve months ended December 31, 2023. This decline was primarily attributed to a reduction in construction services revenue.

Show more Here are five key points explaining significant movements in Safe & Green Holdings (SGBX) stock, drawing from the most recent available information: 1. Multiple Reverse Stock Splits Safe & Green Holdings has undertaken multiple reverse stock splits, with a 1-for-20 reverse split occurring on May 2, 2024, and another 1-for-64 reverse stock split becoming effective on September 8, 2025. While reverse splits are often intended to increase the per-share price to meet exchange listing requirements, they typically do not alter the company's overall market capitalization and can sometimes lead to further share price depreciation in the long term, severely impacting an original position's value.

2. Significant Decline in Revenue The company experienced a substantial decrease in revenue, with reported revenue for the twelve months ended December 31, 2024, at $4.9 million, down from $15.5 million for the twelve months ended December 31, 2023. This decline was primarily attributed to a reduction in construction services revenue.

3. Continued Net Losses and Negative Stockholders' Equity Safe & Green Holdings reported a significant net loss attributable to common shareholders of approximately ($22.6) million in 2024. Additionally, the company's stockholders' equity was negative, at ($12.4) million as of December 31, 2024, compared to ($6.3) million at the end of 2022, indicating a deteriorating financial position.

4. Working Capital Deficit As of December 31, 2024, the company reported a working capital deficit of $12,650,196. A persistent working capital deficit can signal liquidity issues and challenges in meeting short-term obligations, which typically raises concerns among investors.

5. Nasdaq Delinquency Notice for Late Filings On November 21, 2024, Safe & Green Holdings received a delinquency notice from Nasdaq due to its failure to timely file its Form 10-Q for the period ended September 30, 2024. Although the company subsequently submitted the required filing, such notices can negatively impact investor confidence regarding the company's operational and financial transparency. Show less

Stock Movement Drivers

Fundamental Drivers

The -71.9% change in SGBX stock from 9/25/2025 to 12/25/2025 was primarily driven by a -173.2% change in the company's Shares Outstanding (Mil).

	9252025	12252025	Change
Stock Price ($)	8.21	2.31	-71.88%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4.08	3.38	-17.19%
P/S Multiple	0.31	0.29	-7.24%
Shares Outstanding (Mil)	0.15	0.42	-173.18%
Cumulative Contribution			-156.22%

LTM = Last Twelve Months as of date shown

Market Drivers

9/25/2025 to 12/25/2025

	Return	Correlation
SGBX	-71.9%
Market (SPY)	4.9%	-31.3%
Sector (XLI)	4.2%	-16.0%

Fundamental Drivers

The -94.9% change in SGBX stock from 6/26/2025 to 12/25/2025 was primarily driven by a -337.8% change in the company's Shares Outstanding (Mil).

	6262025	12252025	Change
Stock Price ($)	45.18	2.31	-94.89%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4.57	3.38	-26.05%
P/S Multiple	0.95	0.29	-69.73%
Shares Outstanding (Mil)	0.10	0.42	-337.77%
Cumulative Contribution			-153.22%

LTM = Last Twelve Months as of date shown

Market Drivers

6/26/2025 to 12/25/2025

	Return	Correlation
SGBX	-94.9%
Market (SPY)	13.1%	-6.7%
Sector (XLI)	8.8%	-3.4%

Fundamental Drivers

The -91.8% change in SGBX stock from 12/25/2024 to 12/25/2025 was primarily driven by a -1184.1% change in the company's Shares Outstanding (Mil).

	12252024	12252025	Change
Stock Price ($)	28.19	2.31	-91.81%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5.89	3.38	-42.56%
P/S Multiple	0.16	0.29	83.17%
Shares Outstanding (Mil)	0.03	0.42	-1184.06%
Cumulative Contribution			-1240.57%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2024 to 12/25/2025

	Return	Correlation
SGBX	-91.8%
Market (SPY)	15.8%	4.1%
Sector (XLI)	18.6%	2.8%

Fundamental Drivers

The -99.7% change in SGBX stock from 12/26/2022 to 12/25/2025 was primarily driven by a -3886.9% change in the company's Shares Outstanding (Mil).

	12262022	12252025	Change
Stock Price ($)	822.51	2.31	-99.72%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	28.74	3.38	-88.23%
P/S Multiple	0.30	0.29	-4.87%
Shares Outstanding (Mil)	0.01	0.42	-3886.87%
Cumulative Contribution			-524.02%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2023 to 12/25/2025

	Return	Correlation
SGBX	-99.6%
Market (SPY)	48.3%	6.5%
Sector (XLI)	41.7%	6.1%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
SGBX Return	94%	-69%	-27%	-38%	-95%	-93%	-100%
Peers Return	17%	14%	-9%	52%	40%	19%	208%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	115%
Monthly Win Rates [3]
SGBX Win Rate	50%	17%	50%	42%	8%	25%
Peers Win Rate	57%	58%	38%	62%	60%	62%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
SGBX Max Drawdown	-57%	-69%	-43%	-54%	-96%	-94%
Peers Max Drawdown	-40%	-11%	-29%	-2%	-5%	-19%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GGG, GHM, PH, ITW, GWW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique Key	Event	SGBX	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-92.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	1224.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-83.7%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	511.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	Not Fully Recovered days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-97.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	4618.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days

Compare to GGG, GHM, PH, ITW, GWW

In The Past

Safe & Green's stock fell -92.5% during the 2022 Inflation Shock from a high on 1/19/2021. A -92.5% loss requires a 1224.7% gain to breakeven.

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About Safe & Green (SGBX)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Safe & Green Holdings Corp. designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States. The company redesigns, repurposes, and convert heavy-gauge steel cargo shipping containers into SGBlocks, which are green building blocks for construction. It serves architects, landowners, builders, and developers. The company was formerly known as SG Blocks, Inc and changes its name to Safe & Green Holdings Corp. in December 2022. The company was founded in 2007 and is headquartered in Miami, Florida.

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It's like Tesla, but for factory-built homes and commercial structures using modular construction.
A home and commercial builder, similar to Lennar or Toll Brothers, but their buildings are largely pre-fabricated in factories.

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Modular Green Buildings: Safe & Green designs, fabricates, and delivers innovative, sustainable modular building solutions for residential, commercial, and industrial applications.
Real Estate Development: The company engages in the acquisition and development of real estate projects, primarily utilizing its advanced modular construction technologies.
Custom Manufacturing & Fabrication: Through its subsidiary SG Echo, Safe & Green provides specialized manufacturing and fabrication services for various custom needs, including components for modular structures.

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Safe & Green (SGBX) Major Customers

Safe & Green Holdings (SGBX) primarily sells its modular construction and real estate development services to other businesses and organizations (B2B). While the company does not publicly disclose specific names of individual major customers in its SEC filings (indicating no single customer likely accounts for 10% or more of its consolidated revenue), its customer base generally falls into the following categories:

Government Agencies and Military Contractors: This includes federal, state, and local government entities, as well as private contractors working on projects for the military. Safe & Green provides modular solutions for various needs, such as barracks, medical facilities, command centers, and temporary housing.
Real Estate Developers and Construction Companies: SGBX supplies modular buildings for a range of projects, including residential, commercial, and mixed-use developments. Their Safe & Green Development subsidiary also operates in the real estate development sector, serving as a developer for its own projects and potentially partnering with others.
Commercial Businesses and Healthcare Providers: The company offers customized modular structures for diverse commercial applications such as offices, retail spaces, data centers, and specialized industrial facilities. Additionally, they serve healthcare providers by delivering modular clinics, hospitals, and other medical support structures.

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Michael McLaren, Chief Executive Officer and Director, Chairman of the Board

Mr. McLaren brings over 30 years of leadership experience in the energy industry, with significant contributions to military and energy projects, field services, and mergers and acquisitions. He is the founder of several startups, where he has led innovative energy solutions and manufacturing systems, and holds patents in energy and green technologies. Mr. McLaren is also the founder and CEO of Olenox Ltd. He earned a Master's Degree in Science and a Master's Degree in Business from the University of British Columbia.

Patricia Kaelin, Chief Financial Officer and Principal Accounting Officer

Ms. Kaelin has over 30 years of financial leadership and expertise in public company management, mergers and acquisitions, and corporate finance. She has held CFO roles across diverse industries, including construction, manufacturing, healthcare, technology, and real estate development. Notably, she served as CIO and CFO at a billion-dollar construction company, overseeing operations across 14 locations with over 5,000 employees. Her experience includes extensive work in capital markets, IPOs, SEC compliance, and financial reporting.

James Pendergast, Chief Operating Officer

Mr. Pendergast brings over 25 years of leadership in corporate operations, having served as CEO, CFO, and COO across public and private companies in the energy, construction, manufacturing, and agricultural sectors. He possesses expertise in mergers and acquisitions, corporate restructuring, and equity and debt financing. His previous roles include COO at MGO Systems Ltd., where he oversaw more than 50 construction projects, and CEO/CFO at Paramount Structures Inc., where he led its acquisition and financial restructuring. As CEO of FP Genetics Inc., he successfully refocused the company on profitable growth.

David Cross, Executive Vice President of SG Echo

Mr. Cross, a graduate of the Maine Maritime Academy, began his career as a Deck Officer with Maersk Line Limited and held managerial roles in intermodal/equipment container control with Maersk and COSCO Lines in the United States and China. He leveraged his industry expertise to pioneer the use of containers as building blocks for construction, an innovative approach featured on the Bob Vila Home Improvement Show and HGTV. Mr. Cross, along with fellow founders, developed a unique design and fabrication methodology for transforming standard cargo shipping containers into code-compliant, engineered structures. He has also testified before the U.S. Congress on containerized applications for emergency response at the request of FEMA.

Paul Galvin, Chairman of the Board

Mr. Galvin is a founder of SG Blocks, LLC, the predecessor entity of Safe & Green Holdings Corp., and previously served as the Chief Executive Officer and Chairman of the Board from November 2011 through December 2024. He has over three decades of experience developing and managing real estate, including residential condominiums, luxury sales, market rate, and affordable rental projects. Prior to his involvement in real estate, he founded and led a non-profit organization for over a decade, focusing on public health, housing, and child survival. From November 2005 to June 2007, Mr. Galvin was the Chief Operating Officer of a subsidiary of Yucaipa Investments, where he worked with religious institutions to monetize underperforming assets. He is also a managing member of TAG Partners, LLC, an investment partnership formed to invest in the Company.

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Safe & Green (SGBX) faces several critical risks to its business, primarily stemming from its precarious financial health and highly speculative market position.

Significant Financial Distress and Going Concern Uncertainty: The most prominent risk to Safe & Green is its ongoing and substantial financial distress. The company has consistently reported net losses and negative operating cash flows, leading to limited cash resources and a significant debt load. Its independent registered public accounting firm, as well as management, have expressed substantial doubt about the company's ability to continue as a going concern, indicating a high risk of liquidity issues and potential cessation of business operations if additional financing is not secured.
Nasdaq Delisting Risk: Safe & Green faces an ongoing threat of delisting from Nasdaq due to its failure to comply with listing requirements, such as the timely filing of annual reports. A delisting would severely impact the company's ability to attract new investors, reduce the liquidity of its common stock, hinder its capacity to raise additional capital, and negatively affect its stock price.
Extreme Market Volatility and Speculative Trading Environment: SGBX is characterized as an extreme micro-cap or nano-cap stock with an exceptionally thin free float, making it highly susceptible to extreme price volatility. The company exhibits quantitative indicators like a staggering short interest (reported at 297.04% of the calculated free float as of November 13, 2025) and an extraordinarily high cost-to-borrow rate (fluctuating between 525.43% and 579.21%). This creates a high-risk, high-reward trading instrument driven more by market mechanics and potential short-squeeze events than underlying business fundamentals, with substantial risk of rapid short defense or corporate dilution.

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Safe & Green (SGBX) operates in the following key addressable markets:

Modular Construction: Safe & Green specializes in the development, design, and fabrication of prefabricated modular structures for residential and commercial use.
- The U.S. modular construction market was estimated at USD 10.53 billion in 2022 and is projected to reach USD 19.17 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.8% from 2023 to 2030.
- Another estimate values the U.S. modular construction market at USD 20.3 billion in 2024, with a forecast to grow to USD 25.4 billion by 2029 at a CAGR of 4.5%.
- The North America modular construction market was valued at USD 28.64 billion in 2024 and is anticipated to reach USD 43.67 billion by 2033, exhibiting a CAGR of 4.56% from 2025-2033.
Green Building: The company is involved in safe and green construction, including building green single or multifamily projects.
- The United States green buildings market was valued at USD 106.64 billion in 2024 and is expected to grow at a CAGR of 8.80% during the forecast period of 2025-2034, reaching USD 247.86 billion by 2034.
- The North America Green Buildings Market is estimated at USD 228.33 billion in 2025 and is expected to reach USD 377.35 billion by 2030, with a CAGR of 10.57% during the forecast period (2025-2030).
- Globally, the green building market size was valued at USD 700.96 billion in 2025 and is expected to reach USD 1.79 trillion by 2035, expanding at approximately 9.8% CAGR between 2026-2035.

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Safe & Green Holdings Corp. (SGBX) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market trends:

Expansion in Modular Construction Services: Safe & Green's core business, the manufacturing of modular structures, is experiencing significant growth. The company reported a 70% year-over-year increase in manufacturing for construction revenue in Q3 2023. This growth is supported by a rising demand for safe, green, and sustainable construction solutions, especially in areas prone to natural disasters. Recent contract wins, including agreements for modular kitchens and generator encasement units, further underscore the continued expansion of its project portfolio.
Aggressive Drilling Program by Olenox Energy: Olenox Energy, a wholly-owned subsidiary, has announced an ambitious drilling agenda set to commence in Q4 2025 and extend throughout 2026. This program aims to achieve an internal production target of 1,000 barrels of oil equivalent (BOE) per day by the end of 2026 through a combination of legacy wellsite revitalization, new drilling projects, and strategic acquisitions across Texas, Oklahoma, and Kansas. This initiative is expected to establish a substantial new revenue stream for the company.
Acquisition of Giant Containers: The acquisition of Giant Containers in June 2025 is a significant revenue driver. It brought approximately $6.8 million in active projects and an established client roster, including major corporations and government entities. This acquisition immediately contributes to SGBX's revenue and expands its market presence and client base within the modular infrastructure sector, creating opportunities for cross-selling with existing clients.
Application of AI Technology in Olenox Energy: Olenox Energy is implementing advanced AI algorithms and has completed Phase 1 of an AI-powered wellsite monitoring system to optimize its oil and gas operations. While not a direct sales driver, this technological integration is expected to streamline production, enhance efficiency, and improve resource management. These operational efficiencies can lead to increased output and profitability, indirectly contributing to revenue growth by maximizing the value from its energy assets.
Expanded Manufacturing Footprint: To support anticipated growth in its modular construction segment, Safe & Green is expanding its manufacturing capacity to 1.1 million square feet. This expansion includes new facilities in Oklahoma and McLean. By increasing its operational footprint, the company aims to enhance its ability to meet growing demand and handle larger and more diverse modular construction projects, thereby facilitating future revenue growth from increased production capabilities.

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Share Issuance

Safe & Green Holdings secured $108 million in committed funding in May 2025, which included a $100 million ELOC Securities Purchase Agreement and an $8 million private placement.
In February 2025, the company issued non-voting convertible preferred shares to acquire 100% of New Asia Holdings, Inc. (NAHD), which owns Olenox Corp. and Machfu.com.
A 1-for-64 reverse stock split became effective on September 8, 2025, primarily to increase the per-share trading price to meet Nasdaq's minimum bid price requirement.

Inbound Investments

Safe & Green Holdings announced $108 million in committed funding in May 2025, which included a $100 million ELOC Securities Purchase Agreement.
An $8 million private placement with D. Boral Capital in April 2025 was restructured to eliminate common stock warrants and reduce potential dilution by 70%, replacing them with 60,000 shares of Series B Preferred Stock.

Outbound Investments

Safe & Green Holdings completed a merger with New Asia Holdings, Inc. (NAHD), acquiring Olenox Corp. and Machfu.com, in February 2025.
The company signed a non-binding Letter of Intent in August 2025 to acquire Rock Springs Energy Group LLC for an estimated $35 million, including a refinery and associated assets, as part of a strategy to build an integrated oil and gas company.
Safe & Green Holdings also acquired County Line Industrial, LLC in April 2025, a welding services business, and signed a Letter of Intent to acquire Giant Containers Inc. in June 2025, a provider of modular container-based infrastructure solutions, including $6.8 million in active projects.

Capital Expenditures

The company's subsidiary, Olenox Corp., plans an aggressive drilling agenda set to begin in Q4 2025 and expand throughout 2026, with a target to complete one drilling project in Q4 2025.
Capital expenditures are being made for reinvestment, indicating a focus on growing core business operations.
The Waldron facility in Durant, Oklahoma, which provides an additional 58,000 square feet of manufacturing space, is now operational, reflecting past capital expenditure.

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GWW (4.0%)

W.W. Grainger

XYL (3.9%)

Xylem

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for SGBX: -48.7% | 0.3x)

AAL (6.5% | 0.2x)

American Airlines

CNXC (17.9% | 0.3x)

Concentrix

JBLU (2.3% | 0.2x)

JetBlue Airways

HTZ (-0.1% | 0.2x)

Hertz Global

NSP (5.7% | 0.2x)

Insperity

Higher Rev Chg LTM (Value for SGBX: -42.6%)

UBER (18.2%)

Uber Technologies

GE (17.7%)

GE Aerospace

GEV (9.4%)

GE Vernova

RTX (8.8%)

RTX

CAT (-1.5%)

Caterpillar

Higher Rev Chg 3Y Avg (Value for SGBX: -48.7%)

UBER (19.6%)

Uber Technologies

GE (15.7%)

GE Aerospace

BA (10.1%)

Boeing

RTX (9.4%)

RTX

CAT (4.9%)

Caterpillar

Higher Op Mgn LTM (Value for SGBX: -329.5%)

GE (20.5%)

GE Aerospace

CAT (17.7%)

Caterpillar

RTX (10.3%)

RTX

UBER (9.2%)

Uber Technologies

GEV (3.7%)

GE Vernova

Higher CFO/Rev LTM (Value for SGBX: -141.9%)

UBER (18.1%)

Uber Technologies

CAT (17.8%)

Caterpillar

GE (17.2%)

GE Aerospace

RTX (9.3%)

RTX

GEV (9.1%)

GE Vernova

Higher FCF/Rev LTM (Value for SGBX: -152.7%)

UBER (17.5%)

Uber Technologies

GE (14.7%)

GE Aerospace

CAT (11.7%)

Caterpillar

GEV (6.6%)

GE Vernova

RTX (5.5%)

RTX

Higher Total Yield (Value for SGBX: -1978.5%)

UBER (9.8%)

Uber Technologies

CAT (4.4%)

Caterpillar

RTX (4.0%)

RTX

GE (2.4%)

GE Aerospace

GEV (1.1%)

GE Vernova

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for SGBX: -48.7% | 0.3x)

MCK (12.6% | 0.3x)

McKesson

CVS (7.7% | 0.3x)

CVS Health

CI (13.6% | 0.3x)

Cigna

COR (10.4% | 0.2x)

Cencora

F (7.8% | 0.3x)

Ford Motor

Higher Rev Chg LTM (Value for SGBX: -42.6%)

NVDA (65.2%)

NVIDIA

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for SGBX: -48.7%)

NVDA (91.6%)

NVIDIA

MSFT (13.2%)

Microsoft

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

AAPL (1.8%)

Apple

Higher Op Mgn LTM (Value for SGBX: -329.5%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

AMZN (11.4%)

Amazon.com

Higher CFO/Rev LTM (Value for SGBX: -141.9%)

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

AMZN (18.1%)

Amazon.com

Higher FCF/Rev LTM (Value for SGBX: -152.7%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

AMZN (2.0%)

Amazon.com

Higher Total Yield (Value for SGBX: -1978.5%)

MSFT (3.6%)

Microsoft

GOOGL (3.5%)

Alphabet

AMZN (2.9%)

Amazon.com

AAPL (2.8%)

Apple

NVDA (2.2%)

NVIDIA

		Best Bets In Industrials Sector
	SGBX	GATX	VRSK	PAYX	ADT	AGX	PCTY	TDG	FTV	VRRM	CSW
What You Pay
P/E	-0.1	20.0	33.1	25.8	10.3	37.9	37.6	36.9	30.5	69.7	36.0
P/EBIT	-0.1	9.6	22.6	17.8	5.2	37.9	27.0	18.2	14.9	20.7	27.8
What You Get
Rev Chg Q	-40.0%	8.4%	5.9%	18.3%	4.4%	-2.3%	12.5%	11.5%	2.3%	16.1%	21.5%
Rev Chg LTM	-42.6%	10.7%	7.3%	12.4%	6.3%	13.5%	13.3%	11.2%	27.9%	8.5%	14.9%
Rev Chg 3Y Avg	-48.7%	10.3%	13.4%	7.9%	3.4%	26.9%	21.4%	17.7%	9.4%	9.1%	11.3%
FCF/Rev 3Y Avg	-131.1%	39.2%	33.2%	32.6%	24.7%	24.5%	21.5%	21.0%	20.1%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Safe & Green Earnings Notes
2	Would You Still Hold Safe & Green Stock If It Fell Another 30%?	Return

	Title
0	ARTICLES

Trade Ideas

Select ideas related to SGBX. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	18.7%	18.7%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.7%	4.7%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	6.9%	6.9%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.6%	2.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	6.0%	6.0%	-0.4%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
OMER	Omeros	0.9	75.5%	55.5%
DVAX	Dynavax Technologies	1.8	38.2%	20.4%
EWTX	Edgewise Therapeutics	2.9	25.5%	2.2%
AGIO	Agios Pharmaceuticals	1.7	18.6%	-11.2%
TVTX	Travere Therapeutics	3.6	13.9%	131.2%
KOD	Kodiak Sciences	1.6	13.2%	212.4%
RZLT	Rezolute	0.3	13.2%	-44.1%
UP	Wheels Up Experience	0.5	11.7%	-57.4%
FBYD	Falcons Beyond Global	0.7	9.5%	129.7%
BW	Babcock & Wilcox Enterprises	0.5	8.5%	226.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ASTS	AST SpaceMobile	18.9	-8.9%	269.9%
QBTS	D-Wave Quantum	9.4	-5.5%	227.6%
NNE	Nano Nuclear Energy	1.2	-4.6%	21.7%
MNMD	Mind Medicine	1.2	-4.2%	93.0%
PPTA	Perpetua Resources	2.0	-4.0%	149.1%
KOS	Kosmos Energy	0.4	-4.0%	-73.6%
FRMI	Fermi	5.5	-4.0%	-75.7%
EXOD	Exodus Movement	0.4	-3.9%	-50.5%
TLRY	Tilray Brands	10.8	-3.6%	-23.7%
AEHR	Aehr Test Systems	0.7	-3.1%	32.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	74.0%	55.5%
LUNR	Intuitive Machines	2.0	63.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	51.1%	11.2%
FBYD	Falcons Beyond Global	0.7	47.2%	129.7%
FLY	Firefly Aerospace	3.8	45.9%	-55.2%
RKLB	Rocket Lab	39.8	43.0%	203.0%
DVAX	Dynavax Technologies	1.8	42.5%	20.4%
UAMY	United States Antimony	0.8	39.9%	258.8%
DJT	Trump Media & Technology	4.0	36.7%	-58.0%
RZLT	Rezolute	0.3	36.3%	-44.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	31.7	-80.5%	-28.0%
TPL	Texas Pacific Land	6.8	-66.5%	-19.2%
LW	Lamb Weston	6.0	-28.6%	-34.8%
TLRY	Tilray Brands	10.8	-21.2%	-23.7%
INSP	Inspire Medical Systems	2.8	-19.1%	-48.4%
TDUP	ThredUp	0.8	-17.1%	354.7%
OLMA	Olema Pharmaceuticals	2.3	-15.8%	370.8%
IIPR	Innovative Industrial Properties	1.4	-12.9%	-15.7%
ABM	ABM Industries	2.6	-12.6%	-15.8%
FRMI	Fermi	5.5	-12.6%	-75.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	3.0	144.6%	47.5%
TE	T1 Energy	1.1	124.5%	418.4%
ANF	Abercrombie & Fitch	6.0	93.2%	-15.2%
VERA	Vera Therapeutics	3.6	90.4%	31.6%
LUNR	Intuitive Machines	2.0	85.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	82.5%	11.2%
RKLB	Rocket Lab	39.8	81.8%	203.0%
PL	Planet Labs PBC	6.2	76.1%	403.0%
NRGV	Energy Vault	0.8	66.9%	118.9%
FLY	Firefly Aerospace	3.8	60.4%	-55.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-44.1%
JANX	Janux Therapeutics	0.9	-54.6%	-73.3%
LENZ	LENZ Therapeutics	0.5	-46.3%	-40.6%
FRMI	Fermi	5.5	-45.2%	-75.7%
GOGO	Gogo	0.6	-34.1%	-43.0%
HPK	HighPeak Energy	0.6	-30.8%	-69.2%
ORIC	ORIC Pharmaceuticals	0.7	-28.5%	4.5%
FDMT	4D Molecular Therapeutics	0.5	-25.6%	45.4%
NKTR	Nektar Therapeutics	0.6	-25.1%	215.0%
LW	Lamb Weston	6.0	-24.8%	-34.8%

Peer Comparisons for Safe & Green

Peers to compare with:

Financials

	SGBX	GGG	GHM	PH	ITW	GWW	Median
Name	Safe & G.	Graco	Graham	Parker H.	Illinois.	W.W. Gra.
Mkt Price	2.31	83.60	70.61	887.76	251.95	1,030.73	167.77
Mkt Cap	0.0	13.9	0.8	112.3	73.3	49.3	31.6
Rev LTM	3	2,192	228	20,030	15,883	17,750	9,038
Op Inc LTM	-11	582	17	4,137	4,162	2,494	1,538
FCF LTM	-5	625	-11	3,385	2,845	1,232	928
FCF 3Y Avg	-8	496	12	3,081	2,811	1,510	1,003
CFO LTM	-5	672	13	3,814	3,277	2,048	1,360
CFO 3Y Avg	-7	622	26	3,488	3,265	2,041	1,331

Growth & Margins

	SGBX	GGG	GHM	PH	ITW	GWW	Median
Name	Safe & G.	Graco	Graham	Parker H.	Illinois.	W.W. Gra.
Rev Chg LTM	-42.6%	2.9%	16.0%	0.2%	-0.4%	4.8%	1.5%
Rev Chg 3Y Avg	-48.7%	1.0%	17.0%	7.4%	0.5%	6.3%	3.7%
Rev Chg Q	-40.0%	4.7%	23.3%	3.7%	2.3%	6.1%	4.2%
QoQ Delta Rev Chg LTM	-17.2%	1.1%	5.8%	0.9%	0.6%	1.5%	1.0%
Op Mgn LTM	-329.5%	26.6%	7.4%	20.7%	26.2%	14.1%	17.4%
Op Mgn 3Y Avg	-201.2%	28.0%	5.1%	19.1%	25.9%	14.9%	17.0%
QoQ Delta Op Mgn LTM	-63.2%	-0.1%	-0.4%	0.2%	0.2%	-1.2%	-0.2%
CFO/Rev LTM	-141.9%	30.7%	5.7%	19.0%	20.6%	11.5%	15.3%
CFO/Rev 3Y Avg	-123.6%	28.7%	13.5%	17.5%	20.4%	12.0%	15.5%
FCF/Rev LTM	-152.7%	28.5%	-4.7%	16.9%	17.9%	6.9%	11.9%
FCF/Rev 3Y Avg	-131.1%	22.8%	6.8%	15.5%	17.6%	8.9%	12.2%

Valuation

	SGBX	GGG	GHM	PH	ITW	GWW	Median
Name	Safe & G.	Graco	Graham	Parker H.	Illinois.	W.W. Gra.
Mkt Cap	0.0	13.9	0.8	112.3	73.3	49.3	31.6
P/S	0.3	6.3	3.4	5.6	4.6	2.8	4.0
P/EBIT	-0.1	22.6	45.7	24.1	17.4	19.6	21.1
P/E	-0.1	27.8	56.7	30.8	24.2	28.5	28.1
P/CFO	-0.2	20.6	59.7	29.4	22.4	24.1	23.2
Total Yield	-1,978.5%	4.9%	1.8%	4.0%	6.5%	4.0%	4.0%
Dividend Yield	0.0%	1.3%	0.0%	0.8%	2.4%	0.5%	0.6%
FCF Yield 3Y Avg	-282.7%	3.6%	6.0%	4.3%	3.8%	3.5%	3.7%
D/E	12.6	0.0	0.0	0.1	0.1	0.1	0.1
Net D/E	9.5	-0.0	-0.0	0.1	0.1	0.0	0.1

Returns

	SGBX	GGG	GHM	PH	ITW	GWW	Median
Name	Safe & G.	Graco	Graham	Parker H.	Illinois.	W.W. Gra.
1M Rtn	-27.6%	0.9%	24.2%	4.2%	1.4%	9.4%	2.8%
3M Rtn	-71.9%	-0.2%	36.3%	19.4%	-1.7%	8.6%	4.2%
6M Rtn	-94.9%	-2.4%	41.7%	28.9%	3.4%	2.0%	2.7%
12M Rtn	-91.8%	-0.0%	61.0%	37.4%	-0.4%	-4.7%	-0.2%
3Y Rtn	-99.7%	30.0%	626.4%	216.4%	21.0%	87.4%	58.7%
1M Excs Rtn	-27.9%	0.0%	24.0%	2.3%	0.5%	7.5%	1.4%
3M Excs Rtn	-76.8%	-5.1%	31.4%	14.5%	-6.7%	3.6%	-0.8%
6M Excs Rtn	-107.8%	-15.3%	28.8%	16.0%	-9.5%	-10.9%	-10.2%
12M Excs Rtn	-109.0%	-16.9%	56.4%	21.6%	-17.1%	-21.7%	-17.0%
3Y Excs Rtn	-181.3%	-49.4%	511.4%	144.1%	-58.0%	7.1%	-21.1%

FDIC Bank Data

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/14/2025	4/1/2025	5/7/2024	3/31/2023	4/18/2022	4/15/2021	3/30/2020
Key Financials
Total Revenue	3	5	17	24	38	9	3
EBITDA	-15	-15	-18	-5	-5	-4	-7
Operating Income	-11	-8	-16	-7	-6	-5	-4
Net Income	-19	-17	-26	-8	-11	-5	-7
EPS	-182.98	-673.92	-2177.92	-798.72	-1484.80	-1011.20	-7655.46
Growth Rates
Total Revenue Growth	-42.6%	-69.9%	-32.3%	-36.4%	337.9%	193.3%	-63.6%
EBITDA Growth	24.3%	17.1%	-230.5%	-2.7%	-24.3%	34.7%	-55.1%
Operating Income Growth	2.2%	48.4%	-118.2%	-20.8%	-30.5%	-21.7%	22.3%
Net Income Growth	22.7%	35.4%	-215.9%	23.2%	-130.8%	32.2%	-42.9%
Margins
EBITDA Margin	-453.1%	-302.2%	-109.8%	-22.5%	-13.9%	-49.1%	-220.7%
Operating Income Margin	-329.5%	-163.6%	-95.5%	-29.6%	-15.6%	-52.3%	-126.1%
Net Income Margin	-566.4%	-341.2%	-159.1%	-34.1%	-28.3%	-53.6%	-231.9%
Cash & Debt
Total Cash	3	0	0	1	13	13	2
Total Debt	12	7	6	8	4	2	0
Net Debt / (Cash)	9	7	5	7	-9	-11	-2
Cash Flows
Net Cash from Operations	-5	-11	-7	-6	-1	-3	-3
Free Cash from Operations	-5	-11	-7	-8	-6	-4	-3
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	0	0	-0	0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/14/2025	8/14/2025	6/13/2025	4/1/2025	11/27/2024	8/14/2024	5/17/2024	5/7/2024	11/14/2023	8/14/2023	5/11/2023	3/31/2023
Key Financials Quarterly
Total Revenue	1	1	1	1	2	1	1	2	4	5	6	4
Ebitda	-5	-3	-2	-5	-3	-3	-5	-10	-2	-5	-3	-3
Operating Income	-3	-4	-2	-3	-2	-2	-2	-6	-2	-6	-3	-4
Net Income	-5	-5	-3	-7	-4	-5	-3	-14	-4	-6	-4	-4
EPS	-12.68	-30.08	-28.80	-111.42	-113.82	-211.84	-315.52	-1078.40	-287.36	-477.44	-320.00	-350.72
Key Financials TTM
Total Revenue TTM	3	4	5	5	6	8	12	17	19	19	21	24
Ebitda TTM	-15	-13	-13	-16	-20	-20	-21	-19	-13	-13	-9	-5
Operating Income TTM	-11	-11	-9	-9	-11	-12	-15	-17	-15	-15	-11	-7
Net Income TTM	-19	-18	-18	-18	-25	-25	-26	-26	-16	-15	-11	-8
Growth Rates Quarterly
Total Revenue Growth	-40.0%	-40.4%	-41.5%	-46.6%	-55.8%	-76.2%	-82.4%	-52.3%	-4.0%	-32.5%	-36.0%	-51.4%
EBITDA Growth	-75.0%	-3.2%	55.4%	45.4%	-34.5%	31.8%	-59.4%	-223.7%	21.4%	-595.5%	-455.0%	-50.6%
Operating Income Growth	-11.9%	-95.0%	-19.7%	45.6%	6.3%	66.3%	53.1%	-50.0%	4.4%	-322.6%	-878.3%	-75.9%
Net Income Growth	-43.0%	2.2%	1.8%	52.0%	-3.0%	15.8%	20.5%	-264.3%	-47.1%	-292.5%	-390.7%	-8.9%
Margins Quarterly
EBITDA Margin	-439.3%	-458.1%	-359.6%	-514.2%	-150.5%	-264.4%	-471.4%	-502.6%	-49.5%	-92.1%	-52.0%	-74.0%
Operating Income Margin	-238.6%	-511.2%	-323.5%	-298.6%	-127.8%	-156.1%	-158.1%	-292.7%	-60.3%	-110.1%	-59.2%	-93.0%
Net Income Margin	-505.7%	-634.1%	-485.0%	-624.8%	-212.0%	-386.1%	-289.0%	-695.0%	-91.0%	-109.0%	-63.9%	-91.0%
Cash & Debt
Total Cash	3	3	0	0	0	1	1	0	1	2	1	1
Total Debt	12	13	12	7	7	13	13	6	11	11	10	8
Net Debt / (Cash)	9	10	12	7	7	12	12	5	11	10	9	7
Cash Flows Quarterly
FCF from Operations	-1	-2	-1	-1	-6	0	-4	-2	-2	-2	-1	-0
Cash Flows TTM
FCF from Operations TTM	-5	-10	-8	-11	-12	-8	-10	-7	-5	-3	-10	-6
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-6.9%	-10.6%	-5.5%	-13.5%	-10.5%	-8.7%	-7.4%	-30.8%	-12.2%	-32.1%	-19.7%	-24.1%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-7.7%	-7.8%	-6.8%	-9.5%	-13.3%	-13.2%	-18.5%	-22.9%	-19.2%	-21.7%	-16.5%	-11.4%

Segment Financials

null

Price Behavior

Price Behavior

Market Price	$2.31
Market Cap ($ Bil)	0.0
First Trading Date	01/17/2012
Distance from 52W High	-97.1%
	50 Days	200 Days
DMA Price	$2.92	$21.83
DMA Trend	down	down
Distance from DMA	-20.9%	-89.4%
	3M	1YR
Volatility	346.8%	294.2%
Downside Capture	266.17	399.21
Upside Capture	-381.13	98.01
Correlation (SPY)	-31.5%	4.1%

SGBX Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-2.24	-10.28	-8.95	-1.91	0.65	0.96
Up Beta	-14.72	-10.86	-9.01	-2.83	0.71	0.73
Down Beta	-15.78	-28.80	-25.84	-14.75	-1.72	-0.45
Up Capture	857%	-295%	-243%	-61%	115%	20%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	9	15	21	42	98	293
Down Capture	228%	74%	217%	404%	165%	112%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	11	26	41	83	150	439

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of SGBX With Other Asset Classes (Last 1Y)
	SGBX	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-91.2%	20.9%	19.2%	71.9%	8.9%	6.0%	-10.1%
Annualized Volatility	292.2%	18.8%	19.5%	19.3%	15.3%	17.1%	35.0%
Sharpe Ratio	0.36	0.87	0.78	2.69	0.36	0.18	-0.12
Correlation With Other Assets		3.1%	4.3%	-4.4%	5.4%	-8.5%	2.1%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of SGBX With Other Asset Classes (Last 5Y)
	SGBX	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-75.8%	14.0%	14.9%	18.7%	11.7%	4.8%	32.7%
Annualized Volatility	170.7%	17.2%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	-0.12	0.66	0.70	0.97	0.51	0.17	0.60
Correlation With Other Assets		7.3%	9.1%	0.5%	4.8%	2.4%	6.6%

Based On 10-Year Data

		Comparison of SGBX With Other Asset Classes (Last 10Y)
	SGBX	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-70.4%	13.4%	14.7%	14.9%	6.9%	5.2%	69.3%
Annualized Volatility	191.4%	19.9%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	-0.02	0.60	0.70	0.83	0.31	0.22	0.90
Correlation With Other Assets		5.7%	5.9%	-3.5%	2.7%	1.1%	2.8%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	518,574
Short Interest: % Change Since 11302025	4.1%
Average Daily Volume	2,308,454
Days-to-Cover Short Interest	1
Basic Shares Quantity	419,219
Short % of Basic Shares	123.7%

Returns Analyses

	Title
0	Would You Still Hold Safe & Green Stock If It Fell Another 30%?

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/14/2023	-2.1%	95.1%	29.3%
8/11/2023	-1.8%	-1.4%	22.2%
3/30/2023	-3.8%	-9.5%	-18.9%
11/15/2022	4.3%	26.5%	4.3%
8/16/2022	-5.1%	-3.1%	-3.8%
4/18/2022	1.5%	-1.0%	-8.4%
11/15/2021	-7.7%	-14.8%	-19.9%
8/16/2021	-3.5%	-1.4%	8.1%
...
SUMMARY STATS
# Positive	5	5	7
# Negative	13	13	11
Median Positive	4.7%	26.5%	22.2%
Median Negative	-4.2%	-9.5%	-18.9%
Max Positive	351.5%	95.6%	78.9%
Max Negative	-12.3%	-28.3%	-62.1%

	Forward Returns
11/14/2023	-2.1%	95.1%	29.3%
8/11/2023	-1.8%	-1.4%	22.2%
3/30/2023	-3.8%	-9.5%	-18.9%
11/15/2022	4.3%	26.5%	4.3%
8/16/2022	-5.1%	-3.1%	-3.8%
4/18/2022	1.5%	-1.0%	-8.4%
11/15/2021	-7.7%	-14.8%	-19.9%
8/16/2021	-3.5%	-1.4%	8.1%
3/17/2021	-6.2%	-20.8%	-33.4%
11/19/2020	-3.5%	8.8%	78.9%
8/13/2020	-4.2%	-13.8%	-28.8%
3/30/2020	351.5%	95.6%	70.4%
11/14/2019	-6.7%	-28.3%	-62.1%
8/14/2019	4.7%	-4.6%	-15.4%
3/28/2019	-6.3%	-24.7%	-35.4%
11/14/2018	-2.8%	-5.5%	-1.4%
8/14/2018	-12.3%	-12.6%	-14.0%
3/1/2018	5.0%	18.3%	18.0%
SUMMARY STATS
# Positive	5	5	7
# Negative	13	13	11
Median Positive	4.7%	26.5%	22.2%
Median Negative	-4.2%	-9.5%	-18.9%
Max Positive	351.5%	95.6%	78.9%
Max Negative	-12.3%	-28.3%	-62.1%

SEC Filings

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Report Date	Filing Date	Filing
9302025	11142025	10-Q 9/30/2025
6302025	8142025	10-Q 6/30/2025
3312025	6132025	10-Q 3/31/2025
12312024	4012025	10-K 12/31/2024
9302024	11272024	10-Q 9/30/2024
6302024	8142024	10-Q 6/30/2024
3312024	5172024	10-Q 3/31/2024
12312023	5072024	10-K 12/31/2023
9302023	11142023	10-Q 9/30/2023
6302023	8142023	10-Q 6/30/2023
3312023	5112023	10-Q 3/31/2023
12312022	3312023	10-K 12/31/2022
9302022	11162022	10-Q 9/30/2022
6302022	8152022	10-Q 6/30/2022
3312022	5242022	10-Q 3/31/2022
12312021	4182022	10-K 12/31/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Safe & Green (SGBX)

Market Price (12/26/2025): $2.31 | Market Cap: $1.0 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

Safe & Green (SGBX)

Market Price (12/26/2025): $2.31Market Cap: $1.0 MilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

SGBX Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

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About Safe & Green (SGBX)

Safe & Green (SGBX) Major Customers

Interactive Breakdown

Better Bets than Safe & Green (SGBX)

INDUSTRY: Industrial Machinery & Supplies & Components

Higher Rev Chg 3Y Avg | Lower P/S (Values for SGBX: -48.7% | 0.3x)

Higher Rev Chg LTM (Value for SGBX: -42.6%)

Higher Rev Chg 3Y Avg (Value for SGBX: -48.7%)

Higher Op Mgn LTM (Value for SGBX: -329.5%)

Higher CFO/Rev LTM (Value for SGBX: -141.9%)

Higher FCF/Rev LTM (Value for SGBX: -152.7%)

Higher Total Yield (Value for SGBX: -1978.5%)

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for SGBX: -48.7% | 0.3x)

Higher Rev Chg LTM (Value for SGBX: -42.6%)

Higher Rev Chg 3Y Avg (Value for SGBX: -48.7%)

Higher Op Mgn LTM (Value for SGBX: -329.5%)

Higher CFO/Rev LTM (Value for SGBX: -141.9%)

Higher FCF/Rev LTM (Value for SGBX: -152.7%)

Higher Total Yield (Value for SGBX: -1978.5%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for SGBX: -48.7% | 0.3x)

Higher Rev Chg LTM (Value for SGBX: -42.6%)

Higher Rev Chg 3Y Avg (Value for SGBX: -48.7%)

Higher Op Mgn LTM (Value for SGBX: -329.5%)

Higher CFO/Rev LTM (Value for SGBX: -141.9%)

Higher FCF/Rev LTM (Value for SGBX: -152.7%)

Higher Total Yield (Value for SGBX: -1978.5%)

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Market Price (12/26/2025): $2.31 | Market Cap: $1.0 Mil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Market Price (12/26/2025): $2.31
Market Cap: $1.0 Mil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components