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Safe & Green (SGBX) investor relations material
Safe & Green Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the nine months ended September 30, 2025, was $2.34 million, down 41% year-over-year, primarily due to fewer construction jobs in progress.
Net loss attributable to common stockholders for the nine months was $12.64 million, compared to $12.09 million in the prior year.
The company operates in construction, medical, oil and gas, and environmental segments, with construction remaining the primary revenue driver.
Significant legal settlements and employee retention credits contributed to other income in the period.
Financial highlights
Gross loss for the nine months was $1.63 million, compared to a gross profit of $0.31 million in the prior year.
Gross margin declined to (70)% from 8% year-over-year, reflecting increased losses on construction jobs.
Operating loss widened to $8.03 million from $5.02 million year-over-year.
Cash and cash equivalents increased to $3.02 million as of September 30, 2025, from $0.38 million at year-end 2024.
Stockholders' equity improved to $24.94 million from a deficit of $12.46 million at December 31, 2024, due to equity issuances and conversions.
Outlook and guidance
Management expects to be cash flow positive in the second half of 2025, but substantial doubt remains about the company's ability to continue as a going concern.
The company is seeking additional capital through debt or equity and may need to adjust its business plan if funding is not secured.
Backlog as of September 30, 2025, was $575,551, expected to convert to revenue within one year.
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