What is SAFX's convertible notes payable?

SAFX (SAFX) reported convertible notes payable of $100M in Q1 2025.

What does convertible notes payable mean?

This represents the carrying value of debt instruments that can be converted into equity shares under specified conditions. It highlights a form of financing that balances debt obligations with potential future dilution for existing shareholders. Investors analyze this to understand the company's capital structure and potential future equity issuance.

SAFX SAFX Convertible Notes Payable

Convertible Notes Payable at other companies

Pagaya TechnologiesPGY

$149.42M—

XCF Global, Inc. Class A Common StockSAFX

$100M—

CelcuityCELC

$130M+30.0%

Verb Technology Company, Inc.TONX

$445K+69.2%

EMP

Empery Digital Inc. Common stockEMPD

$18.33K-31.1%

Hannon Armstrong Sustainable Infrastructure CapitalHASI

$400.11M-35.3%

Other financials

Income statement

See full

Revenue$348.7K—

Gross profit-$312.3K—

Operating income-$10.3M-75.0%

Net income-$17.8M-139%

EPS (diluted)-$0.07-40.0%

Balance sheet

See full

Cash & equivalents$1.0M—

Total debt$261.5M—

Total equity$25.3M+146%

Total assets$403.0M—

Cash flow

See full

Operating cash flow-$4.3M-31.1%

CapEx$15.4M—

Free cash flow-$8.6M—

Valuation

See full

Market cap$160.43M-47.3%

Enterprise value$420.88M-24.1%

P/E2.2×—

P/S7.6×—

Profitability

See full

Gross margin-19.3%—

Operating margin-341.7%—

Net margin342.4%—

Returns & leverage

See full

Return on equity651.6%—

Debt / equity10.3×—

Current ratio0×—

Where this comes from

Reported directly by SAFX in its filing.

Tagged under the XBRL concept us-gaap:ConvertibleNotesPayable.

The official record: SAFX’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SAFX's convertible notes payable?: SAFX (SAFX) reported convertible notes payable of $100M in Q1 2025.
What does convertible notes payable mean?: This represents the carrying value of debt instruments that can be converted into equity shares under specified conditions. It highlights a form of financing that balances debt obligations with potential future dilution for existing shareholders. Investors analyze this to understand the company's capital structure and potential future equity issuance.