Sable Offshore Corp.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 02/14/24 | FY 02/13/24 | FY 12/31/23 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $0 | $0 | — | — | $0 |
| Operating expenses | $408.3M | $326.8M | — | — | $94.5M |
| Operating income | -$408.3M | -$326.8M | — | — | -$94.5M |
| Interest expense | $88.2M | $67.3M | — | — | $0 |
| Pretax income | -$398.5M | -$617.3M | — | — | -$93.7M |
| Income tax expense | $11.7M | -$48,000 | — | — | $0 |
| Net income | -$410.2M | -$617.3M | — | — | -$93.7M |
| Balance Sheet | |||||
| Cash and equivalents | $97.7M | $300.4M | — | $0 | $0 |
| Current assets | $135.7M | $355.3M | — | — | $16.2M |
| Total assets | $1.7B | $1.6B | — | — | $711.6M |
| Current liabilities | $1.0B | $120.7M | — | — | $17.9M |
| Total liabilities | $1.2B | $1.2B | — | — | $372.6M |
| Total debt | $0 | $834.2M | — | — | — |
| Stockholders' equity | $534.3M | $384.2M | -$19.1M | — | $339.0M |
| Cash Flow Statement | |||||
| Cash from operations | -$351.7M | -$163.0M | — | — | -$70.1M |
| Depreciation and amortization | $12.9M | $9.7M | — | — | $21.0M |
| Stock-based compensation | $42.7M | $91.6M | — | — | $0 |
| Capital expenditure | $417.6M | $72.3M | — | — | $0 |
| Free cash flow | -$769.3M | -$235.3M | — | — | -$70.1M |
| Share repurchases | — | — | — | — | $230.1M |
| Impairments | $0 | $0 | — | — | $0 |
Shares outstanding 154.4M · Free float 61.3%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.