Safehold Inc. (SAFE) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 3.13%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 3.13% | Share-based compensation / revenue. Period ending 2026-06-30. $13.15M ÷ $419.53M × 100 ≈ 3.13% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 419.53M USD | |
| Stock-based compensation | 13.15M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 105.48M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $419.53M | $13.15M | $105.48M | (m) | (m) | 3.13% | (m) | (m) |
| 2026-03-31 | (m) | $398.73M | $12.84M | $101.14M | (m) | (m) | 3.22% | (m) | (m) |
| 2025-12-31 | (m) | $385.55M | $12.55M | $100.90M | (m) | (m) | 3.25% | (m) | (m) |
| 2025-09-30 | (m) | $379.55M | $13.31M | $96.72M | (m) | (m) | 3.51% | (m) | (m) |
| 2025-06-30 | (m) | $374.10M | $13.67M | $87.72M | (m) | (m) | 3.65% | (m) | (m) |
| 2025-03-31 | (m) | $370.15M | $12.48M | $87.80M | (m) | (m) | 3.37% | (m) | (m) |
| 2024-12-31 | (m) | $365.69M | $13.76M | $87.08M | (m) | (m) | 3.76% | (m) | (m) |
| 2024-09-30 | (m) | $376.84M | $13.23M | $99.34M | $195.23M | (m) | 3.51% | 0.51× | Reported |
| 2024-06-30 | (m) | $371.70M | $17.22M | $-46.77M | $191.82M | (m) | 4.63% | -0.24× | Reported |
| 2024-03-31 | (m) | $367.46M | $23.32M | $-54.94M | $188.77M | (m) | 6.34% | -0.29× | Reported |
| 2023-12-31 | (m) | $352.58M | $23.23M | $-77.08M | $181.01M | (m) | 6.59% | -0.43× | Reported |
| 2023-09-30 | (m) | $210.66M | $-9.05M | (m) | $140.48M | (m) | -4.30% | (m) | Reported |
| 2023-06-30 | (m) | $196.79M | $-16.46M | (m) | $129.39M | (m) | -8.36% | (m) | Reported |
| 2023-03-31 | (m) | $176.02M | $-23.27M | (m) | $113.60M | (m) | -13.22% | (m) | Reported |
| 2022-12-31 | (m) | $158.05M | $-27.66M | (m) | $98.05M | (m) | -17.50% | (m) | Reported |
| 2022-09-30 | (m) | $178.53M | $15.24M | (m) | $105.31M | (m) | 8.53% | (m) | Reported |
| 2022-06-30 | (m) | $274.41M | $18.61M | (m) | $111.34M | (m) | 6.78% | (m) | Reported |
| 2022-03-31 | (m) | $280.60M | $51.33M | (m) | $115.83M | (m) | 18.29% | (m) | Reported |
| 2021-12-31 | (m) | $308.63M | $69.26M | (m) | $115.40M | (m) | 22.44% | (m) | Reported |
| 2021-09-30 | (m) | $560.35M | $35.98M | (m) | $160.28M | (m) | 6.42% | (m) | Reported |
| 2021-06-30 | (m) | $479.92M | $38.64M | (m) | $163.21M | (m) | 8.05% | (m) | Reported |
| 2021-03-31 | (m) | $470.75M | $28.59M | (m) | $165.75M | (m) | 6.07% | (m) | Reported |
| 2020-12-31 | (m) | $530.95M | $39.35M | (m) | $169.57M | (m) | 7.41% | (m) | Reported |
| 2020-09-30 | (m) | $513.82M | $36.42M | (m) | $174.82M | (m) | 7.09% | (m) | Reported |
| 2020-06-30 | (m) | $544.10M | $37.50M | (m) | $178.93M | (m) | 6.89% | (m) | Reported |
| 2020-03-31 | (m) | $546.15M | $42.46M | (m) | $180.73M | (m) | 7.77% | (m) | Reported |
| 2019-12-31 | (m) | $479.50M | $30.44M | (m) | $183.92M | (m) | 6.35% | (m) | Reported |
| 2019-09-30 | (m) | $490.77M | $22.01M | (m) | $185.03M | (m) | 4.49% | (m) | Reported |
| 2019-06-30 | (m) | $467.58M | $18.92M | (m) | $185.73M | (m) | 4.05% | (m) | Reported |
| 2019-03-31 | (m) | $540.68M | $12.72M | (m) | $185.15M | (m) | 2.35% | (m) | Reported |
| 2018-12-31 | (m) | $798.12M | $17.56M | (m) | $183.75M | (m) | 2.20% | (m) | Reported |
| 2018-09-30 | (m) | $761.10M | $22.33M | (m) | $181.57M | (m) | 2.93% | (m) | Reported |
| 2018-06-30 | (m) | $758.83M | $21.61M | (m) | $183.09M | (m) | 2.85% | (m) | Reported |
| 2018-03-31 | (m) | $935.13M | $22.02M | (m) | $188.72M | (m) | 2.35% | (m) | Reported |
| 2017-12-31 | (m) | $679.20M | $18.81M | (m) | $194.69M | (m) | 2.77% | (m) | Reported |
| 2017-09-30 | (m) | $674.63M | $15.97M | (m) | $201.91M | (m) | 2.37% | (m) | Reported |
| 2017-06-30 | (m) | $700.65M | $14.47M | (m) | $208.28M | (m) | 2.07% | (m) | Reported |
| 2017-03-31 | (m) | $475.94M | $12.19M | (m) | $215.57M | (m) | 2.56% | (m) | Reported |
| 2016-12-31 | (m) | $477.03M | $10.89M | (m) | $221.40M | (m) | 2.28% | (m) | Reported |
| 2016-09-30 | (m) | $542.24M | $9.59M | (m) | $225.48M | (m) | 1.77% | (m) | Reported |
| 2016-06-30 | (m) | $534.06M | $11.04M | (m) | $227.25M | (m) | 2.07% | (m) | Reported |
| 2016-03-31 | (m) | $516.34M | $13.35M | (m) | $227.03M | (m) | 2.59% | (m) | Reported |
| 2015-12-31 | (m) | $514.55M | $12.01M | (m) | $224.64M | (m) | 2.33% | (m) | Reported |
| 2015-09-30 | (m) | $452.48M | $14.84M | (m) | $222.41M | (m) | 3.28% | (m) | Reported |
| 2015-06-30 | (m) | $445.48M | $15.23M | (m) | $220.95M | (m) | 3.42% | (m) | Reported |
| 2015-03-31 | (m) | $466.14M | $14.48M | (m) | $221.66M | (m) | 3.11% | (m) | Reported |
| 2014-12-31 | (m) | $462.03M | $13.31M | (m) | $224.48M | (m) | 2.88% | (m) | Reported |
| 2014-09-30 | (m) | $453.15M | $13.32M | (m) | $231.12M | (m) | 2.94% | (m) | Reported |
| 2014-06-30 | (m) | $435.36M | $14.61M | (m) | $239.49M | (m) | 3.36% | (m) | Reported |
| 2014-03-31 | (m) | $405.46M | $16.13M | (m) | $252.12M | (m) | 3.98% | (m) | Reported |
| 2013-12-31 | (m) | $390.79M | $19.26M | (m) | $266.23M | (m) | 4.93% | (m) | Reported |
| 2013-09-30 | (m) | $389.28M | $18.15M | (m) | $288.02M | (m) | 4.66% | (m) | Reported |
| 2013-06-30 | (m) | $387.02M | $17.10M | (m) | $316.00M | (m) | 4.42% | (m) | Reported |
| 2013-03-31 | (m) | $393.92M | $15.83M | (m) | $341.32M | (m) | 4.02% | (m) | Reported |
| 2012-12-31 | (m) | $400.47M | $15.29M | (m) | $355.10M | (m) | 3.82% | (m) | Reported |
| 2012-09-30 | (m) | $380.43M | $25.70M | (m) | $360.88M | (m) | 6.76% | (m) | Reported |
| 2012-06-30 | (m) | $388.50M | $29.35M | (m) | $359.76M | (m) | 7.55% | (m) | Reported |
| 2012-03-31 | (m) | $417.25M | $30.21M | (m) | $361.59M | (m) | 7.24% | (m) | Reported |
| 2011-12-31 | (m) | $432.79M | $29.70M | (m) | $344.79M | (m) | 6.86% | (m) | Reported |
| 2011-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | $513.39M | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | (m) | $569.72M | $19.36M | (m) | $314.87M | (m) | 3.40% | (m) | Reported |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | (m) | $758.99M | $23.59M | (m) | $413.09M | (m) | 3.11% | (m) | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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