Sable Offshore Corp. (SOC) Income Statement
SOC FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsSOC revenue and net income
SOC growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SOC quarterly EPS vs estimates
Sable Offshore beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: November 12, 2026 (estimate $-0.36).
SOC income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $14.5M | $13.4M | $21.0M | — | — | — |
| Gross profit | −$14.5M | −$13.4M | −$21.0M | — | — | — |
| Sales, general & admin | $176.2M | $12.8M | $12.8M | $12.8M | $1.7M | — |
| Total operating expenses | $393.8M | $325.0M | $73.5M | $6.2M | $1.7M | $6,628 |
| Operating income | −$408.3M | −$338.4M | −$94.5M | −$6.2M | −$1.7M | −$6,628 |
| Interest income | $88.2M | $67.3M | $4.4M | $4.0M | $16,153 | — |
| Interest expense | $88.2M | $67.3M | $0 | — | — | — |
| Income before taxes | −$398.5M | −$629.1M | −$93.7M | −$1.8M | $4.3M | −$1,657 |
| Income taxes | $11.7M | −$48,000 | $914,318 | $757,069 | −$1,682 | — |
| Net income | −$410.2M | −$629.1M | −$93.7M | −$2.6M | $4.3M | −$1,657 |
| EBITDA | −$295.7M | −$548.4M | −$72.7M | −$1.8M | $4.3M | −$1,660 |
| EPS (diluted) | −$4.59 | −$7.47 | −$0.62 | $0.03 | −$0.27 | $0.00 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $137.1M | $1.3M | $0 | $0 | $0 | $0 | $19.0M | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $113.5M | $68.0M | $4.7M | $3.3M | $3.2M | $3.4M | $2.9M | $2.8M | $2.7M | $4.0M | $17.5M | $5.3M |
| Gross profit | $23.7M | −$66.8M | −$4.7M | −$3.3M | −$3.2M | −$3.4M | −$2.9M | −$2.8M | −$2.7M | −$4.0M | −$17.5M | −$5.3M |
| Sales, general & admin | $58.5M | $48.0M | $41.8M | $36.7M | $75.3M | $22.3M | $47.9M | $26.2M | $33.2M | $135.4M | $3.7M | $3.0M |
| Total operating expenses | $90.5M | $52.0M | $95.6M | $116.1M | $125.7M | $56.4M | $47.9M | $51.9M | $59.5M | $166.8M | $8.9M | $17.3M |
| Operating income | −$66.9M | −$118.8M | −$100.2M | −$119.4M | −$128.9M | −$59.8M | −$50.8M | −$54.6M | −$62.2M | −$170.8M | −$26.4M | −$22.5M |
| Interest income | — | — | $25.2M | $21.0M | $21.0M | $21.0M | $19.2M | $19.2M | — | — | $574,774 | $699,906 |
| Interest expense | $43.1M | $34.1M | $25.2M | $21.0M | $21.0M | $21.0M | $38.3M | $19.2M | $19.2M | $67.3M | — | $0 |
| Income before taxes | −$37.2M | −$197.0M | −$75.8M | −$103.7M | −$120.2M | −$98.7M | −$35.7M | −$254.7M | −$160.3M | −$178.5M | −$25.1M | −$23.1M |
| Income taxes | $27.0M | — | −$13.7M | $6.6M | $7.8M | $10.9M | −$19.5M | $865,000 | $5.1M | $13.4M | $128,775 | $146,980 |
| Net income | −$64.2M | −$197.0M | −$62.2M | −$110.4M | −$128.1M | −$109.5M | −$16.2M | −$255.6M | −$165.4M | −$191.9M | −$25.1M | −$23.1M |
| EBITDA | $37.9M | −$158.0M | −$46.8M | −$79.1M | −$95.6M | −$74.2M | −$13.6M | −$232.8M | −$138.4M | −$164.7M | −$19.8M | −$17.8M |
| EPS (diluted) | $0.05 | −$1.06 | −$0.39 | −$1.46 | −$1.70 | −$1.05 | −$0.38 | −$1.24 | −$1.40 | −$3.22 | −$1.61 | −$0.69 |
| Gross margin | 17.2% | −5,252.7% | — | — | — | — | −15.2% | — | — | — | — | — |
| Operating margin | −48.8% | −9,343.4% | — | — | — | — | −267.7% | — | — | — | — | — |
| Net margin | −46.8% | −15,501.7% | — | — | — | — | −85.2% | — | — | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SOC's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SOC financial results
Sable Offshore reported no revenue in fiscal year 2025 (ended September 30, 2025). It had a net loss of $410.2 million. Diluted earnings per share came to −$4.59.
See the SOC stock overview for the latest quote and news, or the SOC chart for price history and technical indicators.
SOC income statement FAQ
Does Sable Offshore have revenue?
Sable Offshore reported no revenue for fiscal year 2025, which ended on September 30, 2025.
Is Sable Offshore profitable?
No. Sable Offshore reported a net loss of $410.2 million in fiscal 2025.
What are Sable Offshore's earnings per share?
Sable Offshore earned $-4.59 per diluted share in fiscal 2025, compared with $-7.47 a year earlier.
When will Sable Offshore report its next earnings?
Sable Offshore is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Sable Offshore's fiscal year end?
Sable Offshore's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on February 27, 2026.