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Side-by-side financial comparison of Safehold Inc. (SAFE) and Skillsoft Corp. (SKIL). Click either name above to swap in a different company.
Skillsoft Corp. is the larger business by last-quarter revenue ($129.0M vs $97.9M, roughly 1.3× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -32.0%, a 60.5% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -6.0%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs -3.2%).
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
Skillsoft is an American educational technology company that produces learning management system software and content.
SAFE vs SKIL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $97.9M | $129.0M |
| Net Profit | $27.9M | $-41.3M |
| Gross Margin | 98.6% | 72.7% |
| Operating Margin | 27.4% | -26.6% |
| Net Margin | 28.5% | -32.0% |
| Revenue YoY | 6.5% | -6.0% |
| Net Profit YoY | 7.1% | -74.9% |
| EPS (diluted) | $0.38 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $97.9M | $129.0M | ||
| Q3 25 | $96.2M | $128.8M | ||
| Q2 25 | $93.8M | $124.2M | ||
| Q1 25 | $97.7M | $133.8M | ||
| Q4 24 | $91.9M | $137.2M | ||
| Q3 24 | $90.7M | $132.2M | ||
| Q2 24 | $89.9M | $127.8M | ||
| Q1 24 | $93.2M | $137.5M |
| Q4 25 | $27.9M | $-41.3M | ||
| Q3 25 | $29.3M | $-23.8M | ||
| Q2 25 | $27.9M | $-38.0M | ||
| Q1 25 | $29.4M | $-31.1M | ||
| Q4 24 | $26.0M | $-23.6M | ||
| Q3 24 | $19.3M | $-39.6M | ||
| Q2 24 | $29.7M | $-27.6M | ||
| Q1 24 | $30.7M | $-245.3M |
| Q4 25 | 98.6% | 72.7% | ||
| Q3 25 | 98.5% | 74.5% | ||
| Q2 25 | 99.1% | 74.0% | ||
| Q1 25 | 98.8% | 74.9% | ||
| Q4 24 | 98.8% | 75.0% | ||
| Q3 24 | 98.8% | 75.4% | ||
| Q2 24 | 98.8% | 73.0% | ||
| Q1 24 | 98.8% | 72.0% |
| Q4 25 | 27.4% | -26.6% | ||
| Q3 25 | 25.9% | -9.2% | ||
| Q2 25 | 25.5% | -14.6% | ||
| Q1 25 | 25.9% | -12.9% | ||
| Q4 24 | 24.6% | -6.7% | ||
| Q3 24 | 17.5% | -14.6% | ||
| Q2 24 | 26.7% | -18.6% | ||
| Q1 24 | 26.4% | -165.8% |
| Q4 25 | 28.5% | -32.0% | ||
| Q3 25 | 30.5% | -18.5% | ||
| Q2 25 | 29.8% | -30.6% | ||
| Q1 25 | 30.1% | -23.3% | ||
| Q4 24 | 28.3% | -17.2% | ||
| Q3 24 | 21.3% | -29.9% | ||
| Q2 24 | 33.0% | -21.6% | ||
| Q1 24 | 33.0% | -178.4% |
| Q4 25 | $0.38 | — | ||
| Q3 25 | $0.41 | — | ||
| Q2 25 | $0.39 | — | ||
| Q1 25 | $0.41 | — | ||
| Q4 24 | $0.36 | — | ||
| Q3 24 | $0.27 | — | ||
| Q2 24 | $0.42 | — | ||
| Q1 24 | $0.43 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $21.7M | $74.6M |
| Total DebtLower is stronger | $4.6B | $570.2M |
| Stockholders' EquityBook value | $2.4B | $4.0M |
| Total Assets | $7.2B | $897.6M |
| Debt / EquityLower = less leverage | 1.90× | 142.97× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $74.6M | ||
| Q3 25 | $12.1M | $100.5M | ||
| Q2 25 | $13.9M | $127.8M | ||
| Q1 25 | $17.3M | $100.8M | ||
| Q4 24 | $8.3M | $97.9M | ||
| Q3 24 | $15.6M | $122.7M | ||
| Q2 24 | $13.4M | $142.0M | ||
| Q1 24 | $11.3M | $136.3M |
| Q4 25 | $4.6B | $570.2M | ||
| Q3 25 | $4.5B | $571.2M | ||
| Q2 25 | $4.4B | $572.2M | ||
| Q1 25 | $4.3B | $573.3M | ||
| Q4 24 | $4.3B | $574.3M | ||
| Q3 24 | $4.3B | $575.4M | ||
| Q2 24 | $4.2B | $576.4M | ||
| Q1 24 | $4.1B | $577.5M |
| Q4 25 | $2.4B | $4.0M | ||
| Q3 25 | $2.4B | $42.5M | ||
| Q2 25 | $2.4B | $62.6M | ||
| Q1 25 | $2.4B | $93.8M | ||
| Q4 24 | $2.3B | $120.5M | ||
| Q3 24 | $2.3B | $141.4M | ||
| Q2 24 | $2.3B | $182.1M | ||
| Q1 24 | $2.3B | $205.6M |
| Q4 25 | $7.2B | $897.6M | ||
| Q3 25 | $7.1B | $969.4M | ||
| Q2 25 | $7.1B | $1.0B | ||
| Q1 25 | $6.9B | $1.1B | ||
| Q4 24 | $6.9B | $1.1B | ||
| Q3 24 | $6.8B | $1.1B | ||
| Q2 24 | $6.8B | $1.2B | ||
| Q1 24 | $6.7B | $1.3B |
| Q4 25 | 1.90× | 142.97× | ||
| Q3 25 | 1.89× | 13.45× | ||
| Q2 25 | 1.87× | 9.13× | ||
| Q1 25 | 1.85× | 6.11× | ||
| Q4 24 | 1.84× | 4.77× | ||
| Q3 24 | 1.88× | 4.07× | ||
| Q2 24 | 1.81× | 3.16× | ||
| Q1 24 | 1.81× | 2.81× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $47.8M | $-18.9M |
| Free Cash FlowOCF − Capex | — | $-19.3M |
| FCF MarginFCF / Revenue | — | -15.0% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 1.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $10.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.8M | $-18.9M | ||
| Q3 25 | $-1.4M | $-17.8M | ||
| Q2 25 | $28.0M | $31.3M | ||
| Q1 25 | $8.9M | $17.8M | ||
| Q4 24 | $37.9M | $8.7M | ||
| Q3 24 | $8.3M | $-11.4M | ||
| Q2 24 | $24.8M | $14.9M | ||
| Q1 24 | $-3.1M | $11.5M |
| Q4 25 | — | $-19.3M | ||
| Q3 25 | — | $-18.5M | ||
| Q2 25 | — | $30.8M | ||
| Q1 25 | — | $17.0M | ||
| Q4 24 | — | $8.3M | ||
| Q3 24 | — | $-11.7M | ||
| Q2 24 | — | $14.8M | ||
| Q1 24 | — | $11.1M |
| Q4 25 | — | -15.0% | ||
| Q3 25 | — | -14.3% | ||
| Q2 25 | — | 24.8% | ||
| Q1 25 | — | 12.7% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | — | -8.8% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 8.0% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 1.72× | — | ||
| Q3 25 | -0.05× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 1.45× | — | ||
| Q3 24 | 0.43× | — | ||
| Q2 24 | 0.83× | — | ||
| Q1 24 | -0.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
SKIL
| SAAS And Subscription Services | $93.5M | 73% |
| Virtual Ondemand And Classroom And Individualized Coaching | $28.2M | 22% |
| Professional Services | $7.3M | 6% |
