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Safe Pro Group Inc. Common Stock(SPAI)Earnings, Financials & Key Ratios
SPAI•NASDAQ
Price updated Jun 19, 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$607K-72.0%
- EBITDA-$13M-95.8%
- Net Income-$14M-92.8%
- EPS (Diluted)-0.84-64.7%
- Gross Margin33.33%-20.2%
- EBITDA Margin-2197.75%-600.0%
- Operating Margin-2260.61%-585.6%
- Net Margin-2360.84%-589.4%
- ROE-132.67%+49.5%
SPAI Key Insights
Safe Pro Group Inc. Common Stock (SPAI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
✗Weaknesses
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 17.6% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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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-19.21%
TTM-19.76%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-28.31%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM4.28%
Return on Capital
10 Years-158.91%
5 Years-158.91%
3 Years-206.08%
Last Year-125.13%
SPAI Recent Earnings
Safe Pro Group Inc. Common Stock (SPAI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (33%)●Beat Revenue 3/12 qtrs (100%)
Q2 2026Latest
May 15, 2026Metric
Actual
Est
EPS
$0.14+6.7%
$0.15
Rev
$1M+0.8%
$1M
Q2 2026
Mar 31, 2026Metric
Actual
Est
EPS
$0.15-50.0%
$0.10
Rev
$214,000+114.0%
$100,000
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.29-163.6%
$0.11
Rev
$101,422+0.9%
$100,500
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.13
—
Rev
$92,753
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 15, 2026 | $0.14vs $0.15+6.7% | $1Mvs $1M+0.8% |
| Q2 2026 | Mar 31, 2026 | $0.15vs $0.10-50.0% | $214,000vs $100,000+114.0% |
| Q4 2025 | Nov 14, 2025 | $0.29vs $0.11-163.6% | $101,422vs $100,500+0.9% |
| Q3 2025 | Aug 14, 2025 | $0.13 | $92,753 |
Based on last 12 quarters of dataView full earnings history →
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 | 8.47B | 169.61 | 109.43 | 14.5% | -13.93% | -6.41% | 0.07 | |
 KTOS | 10.17B | 54.21 | 417 | 18.52% | 2.08% | 1.26% | 0.09 | |
 ATRO | 2.89B | 80.56 | 99.46 | 8.39% | 5.12% | 26.6% | 2.70 | |
 TDY | 28.7B | 619.58 | 32.82 | 7.86% | 15.15% | 8.94% | 0.25 | |
 UAVS | 41.04M | 0.94 | -1.81 | -4.34% | -190.06% | -66.25% | 0.06 | |
 RCAT | 1.23B | 11.44 | -19.07 | 459.81% | -189.21% | -34.19% | 0.07 | |
 LMT | 117.75B | 510.95 | 23.78 | 5.65% | 6.38% | 74.53% | 3.23 | |
 NOC | 74.07B | 521.50 | 17.93 | 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
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Sales/Revenue | 1.15M | 917.72K | 2.17M | 606.68K | 1.64M |
Revenue Growth % | - | -20.24% | 136.37% | -72.03% | -19.76% |
Cost of Goods Sold | 632.07K | 606.64K | 1.26M | 404.5K | 2.38M |
COGS % of Revenue | 54.93% | 66.1% | 58.23% | 66.67% | - |
Gross Profit | 518.54K▲ 0% | 311.08K▼ 40.0% | 906.15K▲ 191.3% | 202.18K▼ 77.7% | -735.51K▲ 0% |
Gross Margin % | 45.07% | 33.9% | 41.77% | 33.33% | -44.79% |
Gross Profit Growth % | - | -40.01% | 191.29% | -77.69% | - |
Operating Expenses | 1.02M | 6.62M | 8.06M | 13.92M | 11.89M |
OpEx % of Revenue | 88.77% | 721.14% | 371.48% | 2293.93% | - |
Selling, General & Admin | 945.5K | 6.06M | 7.7M | 13.22M | 9.99M |
SG&A % of Revenue | 82.17% | 660.57% | 354.75% | 2178.71% | - |
Research & Development | 0 | 373.65K | 90.37K | 394.21K | 754.6K |
R&D % of Revenue | - | 40.72% | 4.17% | 64.98% | - |
Other Operating Expenses | 75.88K | 182.16K | 272.7K | 304.8K | 1.14M |
Operating Income | -502.84K▲ 0% | -6.31M▼ 1154.3% | -7.15M▼ 13.4% | -13.71M▼ 91.8% | -12.63M▲ 0% |
Operating Margin % | -43.7% | -687.24% | -329.71% | -2260.61% | -768.96% |
Operating Income Growth % | - | -1154.25% | -13.4% | -91.76% | - |
EBITDA | -397.49K | -6.07M | -6.81M | -13.33M | -12.14M |
EBITDA Margin % | -34.55% | -661.2% | -313.99% | -2197.75% | -739.23% |
EBITDA Growth % | - | -1426.57% | -12.24% | -95.76% | -25.04% |
D&A (Non-Cash Add-back) | 105.36K | 239.01K | 341.08K | 381.33K | 488.18K |
EBIT | -502.8K | -6.31M | -7.12M | -14.31M | -13.26M |
Net Interest Income | -4.8K | -7.72K | -276.46K | 165.64K | 247.09K |
Interest Income | 44 | 508 | 30.06K | 178.48K | 261.27K |
Interest Expense | 4.84K | 8.23K | 306.52K | 12.83K | 14.19K |
Other Income/Expense | -4.8K | -7.72K | -276.46K | -608.12K | -524.89K |
Pretax Income | -507.64K▲ 0% | -6.31M▼ 1143.9% | -7.43M▼ 17.6% | -14.32M▼ 92.8% | -13.15M▲ 0% |
Pretax Margin % | -44.12% | -688.08% | -342.46% | -2360.84% | -800.92% |
Income Tax | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
Net Income | -507.64K▲ 0% | -6.31M▼ 1143.9% | -7.43M▼ 17.6% | -14.32M▼ 92.8% | -13.15M▲ 0% |
Net Margin % | -44.12% | -688.08% | -342.46% | -2360.84% | -800.92% |
Net Income Growth % | - | -1143.92% | -17.64% | -92.81% | -28.31% |
Net Income (Continuing) | -507.64K | -6.31M | -7.43M | -14.32M | -13.15M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.07▲ 0% | -0.46▼ 579.5% | -0.51▼ 10.9% | -0.84▼ 64.7% | -0.64▲ 0% |
EPS Growth % | - | -579.47% | -10.87% | -64.71% | 4.28% |
EPS (Basic) | -0.07 | -0.46 | -0.51 | -0.84 | - |
Diluted Shares Outstanding | 7.5M | 13.68M | 14.53M | 17.09M | 20.63M |
Basic Shares Outstanding | 7.5M | 13.68M | 14.53M | 17.09M | 20.63M |
Dividend Payout Ratio | - | - | - | - | - |
SPAI Balance Sheet
Safe Pro Group Inc. Common Stock (SPAI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Total Current Assets | 2.35M | 1.27M | 2.75M | 17.93M | 15.57M |
Cash & Short-Term Investments | 1.75M | 703.37K | 1.97M | 16.79M | 14.8M |
Cash Only | 1.75M | 703.37K | 1.97M | 16.79M | 14.8M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 102.18K | 163.33K | 123.69K | 100.03K | 61.72K |
Days Sales Outstanding | 32.41 | 64.96 | 20.81 | 60.18 | 13.38 |
Inventory | 364.24K | 359.16K | 342.06K | 615.02K | 453.81K |
Days Inventory Outstanding | 210.34 | 216.1 | 98.85 | 554.96 | 71.72 |
Other Current Assets | 136.1K | 48.05K | 0 | 420.31K | 249.21K |
Total Non-Current Assets | 1.88M | 2.16M | 2.2M | 1.19M | 1.17M |
Property, Plant & Equipment | 566.65K | 474.33K | 416.5K | 342.1K | 347.32K |
Fixed Asset Turnover | 2.03x | 1.93x | 5.21x | 1.77x | 4.55x |
Goodwill | 684.87K | 684.87K | 684.87K | 0 | 0 |
Intangible Assets | 622.6K | 987.29K | 1.09M | 834.46K | 812.67K |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 9.8K | 9.8K | 9.8K | 9.8K | 9.8K |
Total Assets | 4.24M▲ 0% | 3.43M▼ 19.1% | 4.95M▲ 44.3% | 19.11M▲ 286.2% | 16.74M▲ 0% |
Asset Turnover | 0.27x | 0.27x | 0.44x | 0.03x | 0.13x |
Asset Growth % | - | -19.07% | 44.3% | 286.16% | 734.44% |
Total Current Liabilities | 1.35M | 1.42M | 893.93K | 1.25M | 1.17M |
Accounts Payable | 51.04K | 169.08K | 119.81K | 461.31K | 463.65K |
Days Payables Outstanding | 29.48 | 101.73 | 34.62 | 416.26 | 52 |
Short-Term Debt | 0 | 343.8K | 421.62K | 0 | 36.55K |
Deferred Revenue (Current) | 43.98K | 84.67K | 0 | 18.9K | 92.53K |
Other Current Liabilities | 134.41K | 203.45K | 83.77K | 7.19K | 644.2K |
Current Ratio | 1.74x | 0.90x | 3.08x | 14.33x | 13.28x |
Quick Ratio | 1.47x | 0.65x | 2.69x | 13.84x | 12.89x |
Cash Conversion Cycle | 213.28 | 179.33 | 85.04 | 198.89 | 33.1 |
Total Non-Current Liabilities | 305.63K | 237.11K | 181.59K | 146.95K | 146K |
Long-Term Debt | 146K | 146K | 146K | 146K | 146K |
Capital Lease Obligations | 159.63K | 91.11K | 35.59K | 947 | 18.88K |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 1.66M | 1.65M | 1.08M | 1.4M | 1.32M |
Total Debt | 368.17K | 649.43K | 666.33K | 202.11K | 182.55K |
Net Debt | -1.38M | -53.94K | -1.3M | -16.59M | -14.62M |
Debt / Equity | 0.14x | 0.37x | 0.17x | 0.01x | 0.01x |
Debt / EBITDA | - | - | - | - | -0.02x |
Net Debt / EBITDA | - | - | - | - | 1.20x |
Interest Coverage | -103.84x | -766.55x | -23.24x | -1115.09x | -935.07x |
Total Equity | 2.58M▲ 0% | 1.78M▼ 31.2% | 3.87M▲ 118.1% | 17.72M▲ 357.3% | 15.42M▲ 0% |
Equity Growth % | - | -31.17% | 118.11% | 357.28% | 1323% |
Book Value per Share | 0.34 | 0.13 | 0.27 | 1.04 | 0.75 |
Total Shareholders' Equity | 2.58M | 1.78M | 3.87M | 17.72M | 15.42M |
Common Stock | 751 | 873 | 1.45K | 2.09K | 2.09K |
Retained Earnings | -507.64K | -6.82M | -14.25M | -28.57M | -31.37M |
Treasury Stock | 0 | 0 | 0 | -676.03K | -1.41M |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 |
SPAI Cash Flow Statement
Safe Pro Group Inc. Common Stock (SPAI) cash flow — operating, investing & free cash flow history
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Cash from Operations | 1.08M | -2M | -4.1M | -6.22M | -6.45M |
Operating CF Margin % | 93.78% | -218.35% | -188.8% | -1024.65% | - |
Operating CF Growth % | - | -285.7% | -104.38% | -51.79% | -238.61% |
Net Income | -507.64K | -6.31M | -7.43M | -14.32M | -13.15M |
Depreciation & Amortization | 105.36K | 239.01K | 341.08K | 381.33K | 205.85K |
Stock-Based Compensation | 0 | 3.62M | 2.85M | 6.91M | 3.11M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 224.57K | 213.33K | 440.2K | 830.87K | 3.34M |
Working Capital Changes | 1.26M | 241.73K | -300.9K | -12.89K | 47.78K |
Change in Receivables | 1.56M | -61.15K | 39.64K | 23.66K | -45.94K |
Change in Inventory | -297.1K | 5.08K | 17.1K | -272.96K | -140.1K |
Change in Payables | -44.14K | 118.04K | -49.27K | 278.87K | 174.96K |
Cash from Investing | 169.56K | -30.17K | -436.39K | -241.35K | -199.69K |
Capital Expenditures | -26.34K | -30.17K | -63.8K | -48.81K | -81.46K |
CapEx % of Revenue | 2.29% | 3.29% | 2.94% | 8.05% | 4.96% |
Acquisitions | 195.9K | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - |
Other Investing | 0 | 0 | -372.59K | -192.54K | -118.23K |
Cash from Financing | 503.61K | 985.15K | 5.8M | 21.28M | 20.54M |
Debt Issued (Net) | 50K | 475K | 275K | 0 | 0 |
Equity Issued (Net) | 1.18M | 1.01M | 4.67M | 21.67M | 20.51M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | -613.41K | -731.08K |
Other Financing | -721.89K | -495.1K | 855.67K | -393.32K | 36.39K |
Net Change in Cash | 1.75M▲ 0% | -1.05M▼ 159.9% | 1.27M▲ 220.8% | 14.82M▲ 1069.6% | 13.89M▲ 0% |
Free Cash Flow | 1.05M▲ 0% | -2.03M▼ 293.2% | -4.53M▼ 122.8% | -6.46M▼ 42.5% | -6.62M▲ 0% |
FCF Margin % | 91.5% | -221.64% | -208.92% | -1064.43% | -402.93% |
FCF Growth % | - | -293.21% | -122.8% | -42.5% | -61.02% |
FCF per Share | 0.14 | -0.15 | -0.31 | -0.38 | -0.32 |
FCF Conversion (FCF/Net Income) | -2.13x | 0.32x | 0.55x | 0.43x | 0.50x |
Interest Paid | 0 | 5.03K | 0 | 8.56K | 3.66K |
Taxes Paid | 0 | 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 | 2025 | TTM |
|---|---|---|---|---|
Return on Equity (ROE) | -289.85% | -262.92% | -132.67% | -119.17% |
Return on Invested Capital (ROIC) | -324.09% | -249.93% | -556.59% | -698.61% |
Gross Margin | 33.9% | 41.77% | 33.33% | -44.79% |
Net Margin | -688.08% | -342.46% | -2360.84% | -800.92% |
Debt / Equity | 0.37x | 0.17x | 0.01x | 0.01x |
Interest Coverage | -766.55x | -23.24x | -1115.09x | -935.07x |
FCF Conversion | 0.32x | 0.55x | 0.43x | 0.50x |
Revenue Growth | -20.24% | 136.37% | -72.03% | -19.76% |
Related:SPAI Dividend History·SPAI Revenue History·SPAI Price History·SPAI P/E History·SPAI Financial Ratios·SPAI Institutional Holders
SPAI SEC Filings & Documents
Safe Pro Group Inc. Common Stock (SPAI) SEC filings — annual & quarterly reports (10-K, 10-Q)
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 $1.6M in revenue for fiscal year 2025. This represents a 43% increase from $1.2M in 2022.
Safe Pro Group Inc. Common Stock (SPAI) saw revenue decline by 72.0% over the past year.
Safe Pro Group Inc. Common Stock (SPAI) reported a net loss of $13.2M for fiscal year 2025.
Dividend & Returns
Safe Pro Group Inc. Common Stock (SPAI) has a return on equity (ROE) of -132.7%. Negative ROE indicates the company is unprofitable.
Safe Pro Group Inc. Common Stock (SPAI) had negative free cash flow of $6.6M in fiscal year 2025, likely due to heavy capital investments.