Safe Pro Group Inc. Financials
This page shows Safe Pro Group Inc. (SPAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
For every $1 of reported earnings, Safe Pro Group Inc. generates $0.43 in operating cash flow (-$6.2M OCF vs -$14.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Safe Pro Group Inc. earns $-1133.4 in operating income for every $1 of interest expense (-$14.5M vs $13K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Safe Pro Group Inc. generated $361K in revenue in fiscal year 2025. This represents a decrease of 83.3% from the prior year.
Safe Pro Group Inc.'s EBITDA was -$14.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 108.0% from the prior year.
Safe Pro Group Inc. reported -$14.3M in net income in fiscal year 2025. This represents a decrease of 92.8% from the prior year.
Safe Pro Group Inc. earned $-0.85 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 21.4% from the prior year.
Cash & Balance Sheet
Safe Pro Group Inc. generated -$6.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 50.6% from the prior year.
Safe Pro Group Inc. had 21M shares outstanding in fiscal year 2025. This represents an increase of 43.7% from the prior year.
Margins & Returns
Safe Pro Group Inc.'s gross margin was 56.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 14.2 percentage points from the prior year.
Safe Pro Group Inc.'s operating margin was -4026.3% in fiscal year 2025, reflecting core business profitability. This is down 3696.6 percentage points from the prior year.
Safe Pro Group Inc.'s net profit margin was -3964.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3622.2 percentage points from the prior year.
Capital Allocation
Safe Pro Group Inc. invested $394K in research and development in fiscal year 2025. This represents an increase of 336.2% from the prior year.
Safe Pro Group Inc. invested $49K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 23.5% from the prior year.
SPAI Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $101K+9.3% | $93K-49.8% | $185K-79.2% | $888K+168.4% | $331K-48.6% | $643K+109.0% | $308K | N/A |
| Cost of Revenue | $68K+10.8% | $61K-50.3% | $123K-71.2% | $428K+117.6% | $197K-57.1% | $458K+154.0% | $180K | N/A |
| Gross Profit | $34K+6.5% | $32K-48.7% | $62K-86.6% | $460K+242.7% | $134K-27.3% | $185K+45.1% | $127K | N/A |
| R&D Expenses | $110K+514.1% | $18K | N/A | N/A | N/A | N/A | $86K | N/A |
| SG&A Expenses | $603K+62.5% | $371K+4.2% | $356K-11.4% | $402K-4.0% | $418K+67.7% | $249K+34.6% | $185K | N/A |
| Operating Income | -$4.2M-118.8% | -$1.9M+52.0% | -$4.0M-185.7% | -$1.4M+60.4% | -$3.5M-215.5% | -$1.1M-3.5% | -$1.1M | N/A |
| Interest Expense | $3K-1.2% | $3K+100.2% | $2K-16.1% | $2K-98.7% | $153K+66.6% | $92K+56.2% | $59K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$5.0M-161.7% | -$1.9M+51.7% | -$4.0M-186.4% | -$1.4M+62.4% | -$3.7M-203.3% | -$1.2M-6.2% | -$1.1M | N/A |
| EPS (Diluted) | $-0.29-123.1% | $-0.13+51.9% | $-0.27 | N/A | $-0.34-142.9% | $-0.14-7.7% | $-0.13 | N/A |
SPAI Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.7M+173.9% | $3.5M-4.0% | $3.7M-25.5% | $4.9M-9.6% | $5.5M+81.4% | $3.0M | N/A | $3.4M |
| Current Assets | $8.4M+532.4% | $1.3M-10.4% | $1.5M-46.0% | $2.8M-17.9% | $3.3M+331.4% | $776K | N/A | $1.3M |
| Cash & Equivalents | $7.6M+843.0% | $806K-11.7% | $912K-53.7% | $2.0M-15.6% | $2.3M+1226.9% | $176K-56.0% | $400K-43.2% | $703K |
| Inventory | $494K+61.1% | $306K-2.4% | $314K-8.3% | $342K-8.9% | $375K+2.9% | $365K | N/A | $359K |
| Accounts Receivable | N/A | $40K+155.9% | $16K-87.2% | $124K-44.2% | $221K+435.3% | $41K | N/A | $163K |
| Goodwill | N/A | $685K0.0% | $685K0.0% | $685K0.0% | $685K0.0% | $685K | N/A | $685K |
| Total Liabilities | $1.3M+29.2% | $972K-6.8% | $1.0M-3.0% | $1.1M-13.4% | $1.2M-50.0% | $2.5M | N/A | $1.7M |
| Current Liabilities | $1.1M+36.8% | $810K-7.1% | $872K-2.4% | $894K-14.8% | $1.0M-54.0% | $2.3M | N/A | $1.4M |
| Long-Term Debt | $146K0.0% | $146K0.0% | $146K0.0% | $146K0.0% | $146K-43.0% | $256K | N/A | N/A |
| Total Equity | $8.4M+228.7% | $2.6M-2.9% | $2.6M-31.8% | $3.9M-8.5% | $4.2M+696.8% | $531K-34.2% | $807K-54.6% | $1.8M |
| Retained Earnings | -$25.1M-24.9% | -$20.1M-10.5% | -$18.2M-27.8% | -$14.3M-10.8% | -$12.9M-40.1% | -$9.2M | N/A | -$6.8M |
SPAI Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.6M-58.0% | -$1.0M-7.3% | -$942K+8.6% | -$1.0M+45.9% | -$1.9M-222.2% | -$591K-4.1% | -$568K-125.5% | -$252K |
| Capital Expenditures | $5K+79.4% | $3K-84.7% | $18K+82.5% | $10K+246.3% | $3K | N/A | N/A | $1K |
| Free Cash Flow | -$1.6M-58.1% | -$1.0M-5.6% | -$960K+7.7% | -$1.0M+45.5% | -$1.9M | N/A | N/A | -$253K |
| Investing Cash Flow | -$8K+92.5% | -$103K+16.9% | -$123K+41.3% | -$210K-7171.2% | -$3K | N/A | N/A | -$1K |
| Financing Cash Flow | $8.4M+705.0% | $1.0M+15617.9% | $7K-99.2% | $876K-78.5% | $4.1M+587.8% | $591K+123.8% | $264K-16.5% | $317K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SPAI Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.1%-0.9pp | 34.0%+0.7pp | 33.3%-18.5pp | 51.8%+11.2pp | 40.6%+11.9pp | 28.7%-12.6pp | 41.3% | N/A |
| Operating Margin | -4148.6%-2075.0pp | -2073.6%+93.9pp | -2167.6%-2009.6pp | -157.9%+913.0pp | -1070.9%-896.3pp | -174.6%+178.0pp | -352.6% | N/A |
| Net Margin | -4940.1%-2876.0pp | -2064.2%+81.4pp | -2145.6%-1989.6pp | -155.9%+958.3pp | -1114.3%-925.3pp | -188.9%+182.8pp | -371.8% | N/A |
| Return on Equity | -59.4%+15.2pp | -74.6%+75.4pp | -150.0%-114.3pp | -35.7%+51.3pp | -87.1%+141.6pp | -228.6%-86.9pp | -141.7% | N/A |
| Return on Assets | -51.7%+2.4pp | -54.1%+53.5pp | -107.5%-79.6pp | -28.0%+39.3pp | -67.3%-27.1pp | -40.3% | N/A | N/A |
| Current Ratio | 7.60+6.0 | 1.64-0.1 | 1.70-1.4 | 3.08-0.1 | 3.19+2.9 | 0.34 | N/A | 0.90 |
| Debt-to-Equity | 0.02-0.0 | 0.060.0 | 0.06+0.0 | 0.040.0 | 0.03-0.4 | 0.48 | N/A | 0.93 |
| FCF Margin | -1579.6%-486.9pp | -1092.7%-573.3pp | -519.5%-402.3pp | -117.2%+459.8pp | -577.0% | N/A | N/A | N/A |
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Frequently Asked Questions
What is Safe Pro Group Inc.'s annual revenue?
Safe Pro Group Inc. (SPAI) reported $361K in total revenue for fiscal year 2025. This represents a -83.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Safe Pro Group Inc.'s revenue growing?
Safe Pro Group Inc. (SPAI) revenue declined by 83.3% year-over-year, from $2.2M to $361K in fiscal year 2025.
Is Safe Pro Group Inc. profitable?
No, Safe Pro Group Inc. (SPAI) reported a net income of -$14.3M in fiscal year 2025, with a net profit margin of -3964.6%.
What is Safe Pro Group Inc.'s EBITDA?
Safe Pro Group Inc. (SPAI) had EBITDA of -$14.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Safe Pro Group Inc.'s gross margin?
Safe Pro Group Inc. (SPAI) had a gross margin of 56.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Safe Pro Group Inc.'s operating margin?
Safe Pro Group Inc. (SPAI) had an operating margin of -4026.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Safe Pro Group Inc.'s net profit margin?
Safe Pro Group Inc. (SPAI) had a net profit margin of -3964.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Safe Pro Group Inc.'s free cash flow?
Safe Pro Group Inc. (SPAI) generated -$6.3M in free cash flow during fiscal year 2025. This represents a -50.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Safe Pro Group Inc.'s operating cash flow?
Safe Pro Group Inc. (SPAI) generated -$6.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Safe Pro Group Inc.'s capital expenditures?
Safe Pro Group Inc. (SPAI) invested $49K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Safe Pro Group Inc. spend on research and development?
Safe Pro Group Inc. (SPAI) invested $394K in research and development during fiscal year 2025.
Are Safe Pro Group Inc.'s earnings high quality?
Safe Pro Group Inc. (SPAI) has an earnings quality ratio of 0.43x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Safe Pro Group Inc. cover its interest payments?
Safe Pro Group Inc. (SPAI) has an interest coverage ratio of -1133.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.