Safe & Green Development Q2 rev up 3,200% YoY to $1.4mln.

• Safe and Green Development Corp reports $1.4m Q2 2025 revenue, a 3,200% YoY increase. • Growth driven by acquisition and integration of Resource Group US Holdings LLC. • Company evaluating a potential cryptocurrency treasury reserve opportunity. • Resource Group remains a key part of the company's core business.

Safe and Green Development Corporation (SGD) has reported a significant 3,200% year-over-year (YoY) increase in revenue for the second quarter of 2025, reaching $1.4 million. This substantial growth is attributed to the acquisition and integration of Resource Group US Holdings LLC (Resource Group), which has expanded SGD’s revenue base and positioned the company for accelerated performance in the second half of 2025 [1].

The acquisition of Resource Group, a key part of SGD’s core business, has been instrumental in driving this revenue surge. In just one month since the closing of the acquisition, SGD generated $1.4 million in revenue, reflecting a robust start to the integration process. The company expects this momentum to continue or even expand in the coming quarters [1].

Despite the impressive revenue growth, SGD remains unprofitable. The company reported a net loss of $5.724 million and an Adjusted EBITDA loss of $0.634 million for Q2 2025. These losses are partly due to significant one-time adjustments, including a $0.966 million impairment related to prior software development expenditures from legacy SGD operations and a $3.025 million bad debt expense reserve from legacy SGD activities [1].

The company’s strategic focus is shifting to core businesses of real estate and compost/transportation, as it exited legacy software and technology operations. SGD has also initiated a reevaluation of its real estate portfolio, with plans to monetize select assets. Additionally, the company has restructured its Board of Directors with new members to guide strategic direction and growth initiatives [1].

Looking ahead, SGD projects approximately $4 million in revenue for Q3 2025, reflecting the first full quarter of operations with Resource Group. The company is actively integrating operations with Resource Group to unlock additional revenue streams and improve operational efficiencies [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/18/3135008/0/en/Safe-and-Green-Development-Corporation-Reports-Over-3-200-Year-Over-Year-Revenue-Growth-in-Q2-2025-Resource-Group-Integration-Positions-Company-for-Accelerated-Second-Half-Performa.html