Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $455M | $679M | $798M | $274M | $324M | $187M | $270M | $353M | $366M | $386M |
| Revenue growth | — | 49.2% | 17.5% | -65.7% | 18.4% | -42.3% | 44.5% | 30.4% | 3.7% | 5.4% |
| Operating income | — | — | — | — | — | $65.5M | $136M | -$77.1M | $87.1M | $101M |
| Operating margin | — | — | — | — | — | 35.0% | 50.2% | -21.9% | 23.8% | 26.2% |
| Net income | $95.3M | $176M | -$32.3M | $324M | -$42.4M | $73.1M | $135M | -$55.0M | $106M | $114M |
| Net margin | 20.9% | 25.9% | -4.0% | 118.4% | -13.1% | 39.1% | 50.1% | -15.6% | 28.9% | 29.7% |
| EPS (diluted) | $0.60 | $1.56 | -$0.95 | $4.51 | -$0.87 | $1.32 | $2.17 | -$0.82 | $1.48 | $1.59 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $29.5M | $102M | -$24.1M | -$45.6M | $21.9M | $26.9M | $64.9M | $15.4M | $37.9M | $47.8M |
| Share buybacks | $99.3M | $45.9M | $8.30M | $68.3M | $54.6M | $123M | — | — | — | — |
| Dividends paid | $0.00 | $0.00 | $12.2M | $25.1M | $32.7M | $35.9M | $42.2M | $46.0M | $50.6M | $50.9M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $329M | $658M | $932M | $307M | $98.6M | $29.6M | $20.1M | $18.8M | $8.35M | $21.7M |
| Total assets | $4.83B | $4.73B | $5.01B | $5.09B | $4.86B | $4.84B | $5.85B | $6.55B | $6.90B | $7.25B |
| Total liabilities | $3.76B | $3.82B | $3.95B | $3.85B | $3.80B | $3.78B | $3.69B | $4.25B | $4.53B | $4.81B |
| Long-term debt | $3.39B | $3.48B | $3.61B | $3.39B | $2.57B | $2.57B | $3.52B | $4.05B | $4.32B | $4.59B |
| Shareholders' equity | $1.02B | $880M | $863M | $1.04B | $871M | $851M | $2.14B | $2.23B | $2.34B | $2.41B |
| Retained earnings | -$2.58B | -$2.47B | -$2.47B | -$2.21B | -$2.32B | -$2.23B | $151M | $47.6M | $102M | $166M |
| Shares (wtd avg diluted) | 73.8M | 71.0M | 68.0M | 64.7M | 75.7M | 55.3M | 62.4M | 66.7M | 71.5M | 71.8M |
Every figure is extracted from Safehold Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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