SFL Corporation (SFL) Financial Statements & Analysis

SFL Corporation (SFL) Income Statement

SFL Corporation reported revenue of $719.75M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 19.3% from $891.62M a year earlier. SFL Corporation posted a net loss of $26.43M, compared with net income of $130.65M a year earlier. Gross margin was 58.1% and operating margin 19.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $200.76M, up 6.5% from the same quarter a year earlier.

SFL Corporation Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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SFL Corporation Ltd. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	719.75	891.62	744.33	655.65	494.71	400.41	456.05	418.71	380.88
Cost of Revenue	301.77	582.48	293.76	392.97	295.06	266.92	134.43	232.63	219.94
Gross Profit	417.98	309.14	221.51	262.68	199.64	133.49	321.61	186.09	160.93
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	18.33	20.58	15.57	15.18	12.97	11.40	10.20	9.17	7.43
Operating Expenses	281.30	2.42	187.22	8.83	-43.20	271.66	183.84	9.17	7.43
Operating Income	136.68	306.72	240.18	253.85	242.84	-138.17	137.78	117.62	154.63
Other Income/Expense
Interest Income	0.00	13.77	17.73	16.89	21.79	13.40	20.06	17.95	19.33
Interest Expense	165.75	182.99	-164.67	117.34	90.39	135.44	145.06	113.89	90.41
Other Income/Expense	-161.23	-165.43	-155.77	51.15	-78.50	-86.25	-48.60	-43.99	-53.42
Income
Income Before Tax	-24.55	141.28	87.26	202.77	164.34	-224.43	89.18	73.62	101.21
Income Tax Expense	1.88	10.63	3.32	0.00	0.00	0.00	0.00	0.00	53.42
Net Income	-26.43	130.65	83.94	202.77	164.34	-224.43	89.18	73.62	101.21
Net Income - Continuous Operations	-26.43	130.65	83.94	202.77	164.34	-224.43	89.18	73.62	101.21
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	421.39	560.09	442.97	507.93	393.06	22.30	314.21	281.00	241.65
EBIT	150.59	301.34	228.90	320.11	205.36	-	-	-	-
Depreciation & Amortization	243.45	239.18	214.06	187.83	138.33	111.28	116.38	104.08	88.15
Earnings Per Share
Basic EPS	-	1.00	1.00	2.00	1.00	-3.00	-1.00	1.00	1.00
Diluted EPS	-	1.00	1.00	2.00	1.00	-3.00	-1.00	1.00	1.00
Basic Shares Outstanding	133.06	129.39	126.25	126.79	122.14	108.97	107.61	105.90	95.60
Diluted Shares Outstanding	133.06	130.00	126.58	126.79	139.38	108.97	107.70	105.90	95.60

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About SFL Corporation Financial Statements

What was SFL Corporation's revenue in fiscal 2025?

SFL Corporation reported revenue of $719.75M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 19.3% from $891.62M a year earlier.

Is SFL Corporation profitable?

No. SFL Corporation reported a net loss of $26.43M in fiscal 2025. In fiscal 2024 it earned $130.65M.

What is SFL Corporation's operating margin?

SFL Corporation's operating income was $136.68M on revenue of $719.75M in fiscal 2025, an operating margin of 19.0%, compared with 34.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition