Safe Pro Group Inc. Common Stock(SPAI)Earnings, Financials & Key Ratios
SPAI•NASDAQ
$4.30
$81M mkt cap·Price updated May 7, 2026
AboutSafe Pro Group Inc. manufactures and sells personal protective gear and ballistic protection products in the United States. The company offers explosive ordinance disposal and unexploded ordinance disposal products; ballistic vests; and body armor, helmets, and ballistic blankets, as well as aerial managed services (drones) for the inspection of radio towers and power grids. It also develops artificial intelligence-powered detection and data analysis and reporting tools for hyper-scalable and cloud-based processing of drone imagery. In addition, the company provides drone as a responder (DaaR) solutions for public safety, emergency management, security, critical infrastructure, and other incident response; critical infrastructure inspection utilizing visual and/or IR/ thermal sensors; data capture, analytics, and processing by machine learning and artificial intelligence to provide data-driven insights and reporting; aerial mapping of ground-based infrastructure and other targeted assets; UAS-related training and consultation services; and other customized and specialized services. It serves critical infrastructure, insurance, public utilities, and telecommunication network operators; state and local/municipal governments and agencies; and police, fire, and other public safety organizations. The company was formerly known as Cybernate Corp. and changed its name to Safe Pro Group Inc. in July 2022. Safe Pro Group Inc. was incorporated in 2021 and is based in Aventura, Florida.Show more
- Revenue$2M+136.4%
- EBITDA-$7M-12.2%
- Net Income-$7M-17.6%
- EPS (Diluted)-0.51-10.9%
- Gross Margin41.77%+23.2%
- EBITDA Margin-313.99%+52.5%
- Operating Margin-329.71%+52.0%
- Net Margin-342.46%+50.2%
- ROE-262.92%+9.3%
- ROIC-249.93%+22.9%
- Debt/Equity0.17-53.0%
- Interest Coverage-23.33+97.0%
SPAI Key Insights
Safe Pro Group Inc. Common Stock (SPAI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Negative free cash flow
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 16.1x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SPAI Price & Volume
Safe Pro Group Inc. Common Stock (SPAI) stock price & volume — 10-year historical chart
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SPAI Growth Metrics
Safe Pro Group Inc. Common Stock (SPAI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-18.75%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-17.29%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM6.01%
Return on Capital
10 Years-170.17%
5 Years-170.17%
3 Years-170.17%
Last Year-235.67%
SPAI Peer Comparison
Safe Pro Group Inc. Common Stock (SPAI) competitors in Drones, Autonomy and eVTOL — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AVAV | 8.4B | 168.18 | 108.50 | 14.5% | -13.93% | -6.41% | 0.07 | |
 KTOS | 10.68B | 57.00 | 438.46 | 18.52% | 2.08% | 1.26% | 0.09 | |
 ATRO | 3B | 77.95 | 96.23 | 8.39% | 3.41% | 20.96% | 2.70 | |
 TDY | 29.22B | 630.89 | 33.42 | 7.86% | 15.15% | 8.94% | 0.25 | |
 UAVS | 1.34M | 1.17 | -0.03 | -2.54% | -153.64% | -68.52% | ||
 RCAT | 1.02B | 10.36 | -17.27 | 459.81% | -227.71% | -33.59% | 0.07 | |
 LMT | 118.09B | 512.41 | 23.84 | 5.65% | 6.38% | 74.53% | 3.23 | |
 NOC | 78.41B | 552.07 | 18.98 | 2.24% | 10.8% | 28.05% | 1.18 |
Compare SPAI vs Peers
Safe Pro Group Inc. Common Stock (SPAI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SPAI Income Statement
Safe Pro Group Inc. Common Stock (SPAI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Sales/Revenue | 1.15M | 917.72K | 2.17M | 1.27M |
| Revenue Growth % | - | -20.24% | 136.37% | -18.75% |
| Cost of Goods Sold | 632.07K | 606.64K | 1.26M | 676.19K |
| COGS % of Revenue | 54.93% | 66.1% | 58.23% | - |
| Gross Profit | 518.54K▲ 0% | 311.08K▼ 40.0% | 906.15K▲ 191.3% | 590.56K▲ 0% |
| Gross Margin % | 45.07% | 33.9% | 41.77% | 46.62% |
| Gross Profit Growth % | - | -40.01% | 191.29% | - |
| Operating Expenses | 1.02M | 6.62M | 8.06M | 12.13M |
| OpEx % of Revenue | 88.77% | 721.14% | 371.48% | - |
| Selling, General & Admin | 945.5K | 6.06M | 7.7M | 8.19M |
| SG&A % of Revenue | 82.17% | 660.57% | 354.75% | - |
| Research & Development | 0 | 373.65K | 90.37K | 132.07K |
| R&D % of Revenue | - | 40.72% | 4.17% | - |
| Other Operating Expenses | 75.88K | 182.16K | 272.7K | 1.27M |
| Operating Income | -502.84K▲ 0% | -6.31M▼ 1154.3% | -7.15M▼ 13.4% | -11.54M▲ 0% |
| Operating Margin % | -43.7% | -687.24% | -329.71% | -910.9% |
| Operating Income Growth % | - | -1154.25% | -13.4% | - |
| EBITDA | -397.49K | -6.07M | -6.81M | -11.17M |
| EBITDA Margin % | -34.55% | -661.2% | -313.99% | -881.82% |
| EBITDA Growth % | - | -1426.57% | -12.24% | -13.03% |
| D&A (Non-Cash Add-back) | 105.36K | 239.01K | 341.08K | 368.41K |
| EBIT | -502.8K | -6.31M | -7.12M | -12.31M |
| Net Interest Income | -4.8K | -7.72K | -276.46K | 30.33K |
| Interest Income | 44 | 508 | 30.06K | 40.48K |
| Interest Expense | 4.84K | 8.23K | 306.52K | 10.15K |
| Other Income/Expense | -4.8K | -7.72K | -276.46K | -735.25K |
| Pretax Income | -507.64K▲ 0% | -6.31M▼ 1143.9% | -7.43M▼ 17.6% | -12.27M▲ 0% |
| Pretax Margin % | -44.12% | -688.08% | -342.46% | -968.94% |
| Income Tax | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% |
| Net Income | -507.64K▲ 0% | -6.31M▼ 1143.9% | -7.43M▼ 17.6% | -12.27M▲ 0% |
| Net Margin % | -44.12% | -688.08% | -342.46% | -968.94% |
| Net Income Growth % | - | -1143.92% | -17.64% | -17.29% |
| Net Income (Continuing) | -507.64K | -6.31M | -7.43M | -12.27M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.07▲ 0% | -0.46▼ 579.5% | -0.51▼ 10.9% | -0.72▲ 0% |
| EPS Growth % | - | -579.47% | -10.87% | 6.01% |
| EPS (Basic) | -0.07 | -0.46 | -0.51 | - |
| Diluted Shares Outstanding | 7.5M | 13.68M | 14.53M | 17.09M |
| Basic Shares Outstanding | 7.5M | 13.68M | 14.53M | 17.09M |
| Dividend Payout Ratio | - | - | - | - |
SPAI Balance Sheet
Safe Pro Group Inc. Common Stock (SPAI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Total Current Assets | 2.35M | 1.27M | 2.75M | 8.42M |
| Cash & Short-Term Investments | 1.75M | 703.37K | 1.97M | 7.6M |
| Cash Only | 1.75M | 703.37K | 1.97M | 7.6M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 102.18K | 163.33K | 123.69K | 40.39K |
| Days Sales Outstanding | 32.41 | 64.96 | 20.81 | 15.73 |
| Inventory | 364.24K | 359.16K | 342.06K | 493.55K |
| Days Inventory Outstanding | 210.34 | 216.1 | 98.85 | 196.43 |
| Other Current Assets | 136.1K | 48.05K | 0 | 0 |
| Total Non-Current Assets | 1.88M | 2.16M | 2.2M | 1.27M |
| Property, Plant & Equipment | 566.65K | 474.33K | 416.5K | 359.6K |
| Fixed Asset Turnover | 2.03x | 1.93x | 5.21x | 3.23x |
| Goodwill | 684.87K | 684.87K | 684.87K | 0 |
| Intangible Assets | 622.6K | 987.29K | 1.09M | 903.7K |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 9.8K | 9.8K | 9.8K | 39.2K |
| Total Assets | 4.24M▲ 0% | 3.43M▼ 19.1% | 4.95M▲ 44.3% | 9.7M▲ 0% |
| Asset Turnover | 0.27x | 0.27x | 0.44x | 0.23x |
| Asset Growth % | - | -19.07% | 44.3% | 155.07% |
| Total Current Liabilities | 1.35M | 1.42M | 893.93K | 1.11M |
| Accounts Payable | 51.04K | 169.08K | 119.81K | 261.11K |
| Days Payables Outstanding | 29.48 | 101.73 | 34.62 | 104.67 |
| Short-Term Debt | 0 | 343.8K | 421.62K | 432.73K |
| Deferred Revenue (Current) | 43.98K | 84.67K | 0 | 72.14K |
| Other Current Liabilities | 134.41K | 203.45K | 83.77K | 73.01K |
| Current Ratio | 1.74x | 0.90x | 3.08x | 3.08x |
| Quick Ratio | 1.47x | 0.65x | 2.69x | 2.69x |
| Cash Conversion Cycle | 213.28 | 179.33 | 85.04 | 107.49 |
| Total Non-Current Liabilities | 305.63K | 237.11K | 181.59K | 147.74K |
| Long-Term Debt | 146K | 146K | 146K | 146K |
| Capital Lease Obligations | 159.63K | 91.11K | 35.59K | 78.73K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.66M | 1.65M | 1.08M | 1.26M |
| Total Debt | 368.17K | 649.43K | 666.33K | 653.89K |
| Net Debt | -1.38M | -53.94K | -1.3M | -6.94M |
| Debt / Equity | 0.14x | 0.37x | 0.17x | 0.17x |
| Debt / EBITDA | - | - | - | -0.06x |
| Net Debt / EBITDA | - | - | - | 0.62x |
| Interest Coverage | -103.85x | -766.61x | -23.33x | -1212.33x |
| Total Equity | 2.58M▲ 0% | 1.78M▼ 31.2% | 3.87M▲ 118.1% | 8.44M▲ 0% |
| Equity Growth % | - | -31.17% | 118.11% | 827.99% |
| Book Value per Share | 0.34 | 0.13 | 0.27 | 0.49 |
| Total Shareholders' Equity | 2.58M | 1.78M | 3.87M | 8.44M |
| Common Stock | 751 | 873 | 1.45K | 1.89K |
| Retained Earnings | -507.64K | -6.82M | -14.25M | -25.14M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
SPAI Cash Flow Statement
Safe Pro Group Inc. Common Stock (SPAI) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Cash from Operations | 1.08M | -2M | -4.1M | -4.1M |
| Operating CF Margin % | 93.78% | -218.35% | -188.8% | - |
| Operating CF Growth % | - | -285.7% | -104.38% | -429.6% |
| Net Income | -507.64K | -6.31M | -7.43M | -12.27M |
| Depreciation & Amortization | 105.36K | 239.01K | 341.08K | 273.28K |
| Stock-Based Compensation | 0 | 3.62M | 2.85M | 3.6M |
| Deferred Taxes | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 224.57K | 213.33K | 440.2K | 3.57M |
| Working Capital Changes | 1.26M | 241.73K | -300.9K | 253.97K |
| Change in Receivables | 1.56M | -61.15K | 39.64K | 181.08K |
| Change in Inventory | -297.1K | 5.08K | 17.1K | -118.27K |
| Change in Payables | -44.14K | 118.04K | -49.27K | 27.37K |
| Cash from Investing | 169.56K | -30.17K | -436.39K | -443.57K |
| Capital Expenditures | -26.34K | -30.17K | -63.8K | -38.74K |
| CapEx % of Revenue | 2.29% | 3.29% | 2.94% | - |
| Acquisitions | 195.9K | 0 | 0 | 0 |
| Investments | - | - | - | - |
| Other Investing | 0 | 0 | -372.59K | -404.83K |
| Cash from Financing | 503.61K | 985.15K | 5.8M | 10.29M |
| Debt Issued (Net) | 50K | 475K | 275K | 0 |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 2M |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | -721.89K | -495.1K | 855.67K | 943.97K |
| Net Change in Cash | 1.75M▲ 0% | -1.05M▼ 159.9% | 1.27M▲ 220.8% | 5.26M▲ 0% |
| Free Cash Flow | 1.05M▲ 0% | -2.03M▼ 293.2% | -4.53M▼ 122.8% | -4.92M▲ 0% |
| FCF Margin % | 91.5% | -221.64% | -208.92% | -388.05% |
| FCF Growth % | - | -293.21% | -122.8% | -80.07% |
| FCF per Share | 0.14 | -0.15 | -0.31 | -0.31 |
| FCF Conversion (FCF/Net Income) | -2.13x | 0.32x | 0.55x | 0.40x |
| Interest Paid | 0 | 5.03K | 0 | -1.2K |
| Taxes Paid | 0 | 0 | 0 | 0 |
SPAI Key Ratios
Safe Pro Group Inc. Common Stock (SPAI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | TTM |
|---|---|---|---|
| Return on Equity (ROE) | -289.85% | -262.92% | -145.44% |
| Return on Invested Capital (ROIC) | -324.09% | -249.93% | -249.93% |
| Gross Margin | 33.9% | 41.77% | 46.62% |
| Net Margin | -688.08% | -342.46% | -968.94% |
| Debt / Equity | 0.37x | 0.17x | 0.17x |
| Interest Coverage | -766.61x | -23.33x | -1212.33x |
| FCF Conversion | 0.32x | 0.55x | 0.40x |
| Revenue Growth | -20.24% | 136.37% | -18.75% |
SPAI Frequently Asked Questions
Safe Pro Group Inc. Common Stock (SPAI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Safe Pro Group Inc. Common Stock (SPAI) reported $1.3M in revenue for fiscal year 2024. This represents a 10% increase from $1.2M in 2022.
Safe Pro Group Inc. Common Stock (SPAI) grew revenue by 136.4% over the past year. This is strong growth.
Safe Pro Group Inc. Common Stock (SPAI) reported a net loss of $12.3M for fiscal year 2024.
Dividend & Returns
Safe Pro Group Inc. Common Stock (SPAI) has a return on equity (ROE) of -262.9%. Negative ROE indicates the company is unprofitable.
Safe Pro Group Inc. Common Stock (SPAI) had negative free cash flow of $4.9M in fiscal year 2024, likely due to heavy capital investments.
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Safe Pro Group Inc. Common Stock (SPAI) financial analysis — history, returns, DCA and operating performance tools
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Dividend History
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Earnings History
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Revenue History
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Financial Ratios
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Valuation
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