Financial Statements — SAFE
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 1.34 | 1.40 | 1.50 | 0.30 | 0.15 | 0.19 |
| Real Estate Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- |
| Total Assets | 7.52 | 7.38 | 7.15 | 7.06 | 6.93 | 6.81 | 6.77 | 6.67 | 6.44 | 6.42 | 6.29 | 3.52 | 3.61 | 4.08 | 4.80 | 4.77 | 4.79 |
| Long-term Debt | 4.65 | 4.70 | 4.51 | 4.44 | 4.34 | 4.30 | 4.19 | 4.14 | 3.94 | 3.98 | 3.90 | 1.68 | 1.83 | 2.08 | 3.28 | 3.29 | 3.29 |
| Total Liabilities | 4.89 | 4.92 | 4.73 | 4.66 | 4.55 | 4.50 | 4.39 | 4.33 | 4.12 | 4.17 | 4.09 | 1.82 | 1.98 | 2.30 | 3.74 | 3.76 | 3.74 |
| Retained Earnings | 0.20 | 0.18 | 0.15 | 0.13 | 0.12 | 0.09 | 0.08 | 0.07 | 0.02 | 0.15 | 0.14 | (1.77) | (1.77) | (1.63) | (2.23) | (2.34) | (2.31) |
| Total Stockholder Equity | 2.44 | 2.43 | 2.39 | 2.37 | 2.35 | 2.29 | 2.31 | 2.28 | 2.26 | 2.20 | 2.15 | 1.68 | 1.61 | 1.45 | 0.87 | 0.81 | 0.85 |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 114.65 | 110.85 | 97.87 | 96.16 | 93.84 | 97.68 | 91.87 | 90.71 | 89.90 | 93.21 | 103.03 | 85.56 | 85.66 | 78.33 | 30.28 | 47.76 | 48.06 | 31.95 | (105.70) | 195.49 |
| Cost of Revenue* | 0.77 | 1.31 | 1.33 | 1.40 | 0.88 | 1.16 | 1.06 | 1.05 | 1.04 | 1.08 | 1.43 | 1.00 | 1.01 | 1.21 | 0.84 | 0.87 | 0.70 | 0.71 | -- | -- |
| Total Operating Expenses | 85.62 | 84.00 | 69.75 | 69.89 | 69.04 | 71.22 | 68.19 | 73.78 | 64.86 | 67.55 | 66.71 | 214.80 | 68.82 | 74.67 | 10.05 | (26.26) | 26.91 | 8.62 | -- | -- |
| Operating Income | 28.26 | 25.55 | 26.80 | 24.88 | 23.92 | 25.30 | 22.63 | 15.87 | 24.00 | 24.59 | 34.88 | (130.24) | 15.83 | 2.45 | -- | -- | -- | -- | -- | -- |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 49.96 | 49.11 | 48.63 | 47.53 | 46.55 | 46.06 | 40.87 | 22.00 | 22.66 | 24.15 | 29.24 | (3.05) | 39.47 |
| Net Income | 30.16 | 28.86 | 27.88 | 29.28 | 27.95 | 29.36 | 26.04 | 19.33 | 29.67 | 30.73 | 41.18 | (122.97) | 22.13 | 4.68 | (80.83) | 18.01 | (132.61) | 616.73 | 12.95 | 127.73 |
| Diluted EPS | 0.42 | 0.40 | 0.38 | 0.41 | 0.39 | 0.41 | 0.36 | 0.27 | 0.42 | 0.43 | 0.57 | (1.81) | 0.35 | 0.07 | (2.37) | 0.14 | (1.70) | 8.85 | 0.28 | 1.51 |
* Derived from reported values
Cash Flow Statement
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 0.03 | (0.01) | 0.01 | -0.00 | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 | -0.00 | 0.02 | 0.00 | -0.00 | (0.01) | 0.03 | (0.01) | 0.06 | (0.03) | (0.02) | 0.04 |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.03 | -- | -- |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.06) | -- | -- |
| Investing Cash Flow | (0.12) | (0.09) | (0.06) | (0.06) | (0.12) | (0.01) | (0.02) | (0.05) | (0.06) | (0.07) | (0.13) | (0.09) | (0.09) | (0.27) | 0.08 | 0.08 | 0.21 | 2.42 | 0.14 | 0.19 |
| Financing Cash Flow | 0.09 | 0.09 | 0.05 | 0.06 | 0.09 | 0.01 | 0.01 | 0.05 | 0.02 | 0.07 | 0.11 | 0.09 | 0.08 | 0.28 | (0.01) | (0.13) | (0.41) | (1.23) | (0.09) | (0.08) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Dividends Per Share | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.00 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
