Safe Pro Group Inc. Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Safe Pro Group Inc. has an operating margin of -329.7%, meaning the company retains $-330 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -687.2% the prior year.
Safe Pro Group Inc.'s revenue surged 136.4% year-over-year to $2.2M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Safe Pro Group Inc. carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.08, Safe Pro Group Inc. holds $3.08 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Safe Pro Group Inc. generated -$4.1M in operating cash flow, capex of $64K consumed most of it, leaving -$4.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Safe Pro Group Inc. passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Safe Pro Group Inc. generates $0.55 in operating cash flow (-$4.1M OCF vs -$7.4M 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 $-23.3 in operating income for every $1 of interest expense (-$7.2M vs $307K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Safe Pro Group Inc. (SPAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Key Financial Metrics
Safe Pro Group Inc. generated $2.2M in revenue in fiscal year 2024. This represents an increase of 136.4% from the prior year.
Safe Pro Group Inc.'s EBITDA was -$6.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.2% from the prior year.
Safe Pro Group Inc. generated -$4.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 104.5% from the prior year.
Safe Pro Group Inc. reported -$7.4M in net income in fiscal year 2024. This represents a decrease of 17.6% from the prior year.
Safe Pro Group Inc. earned $-0.70 per diluted share (EPS) in fiscal year 2024. This represents an increase of 11.4% from the prior year.
Safe Pro Group Inc. held $2.0M in cash against $146K in long-term debt as of fiscal year 2024.
Safe Pro Group Inc. had 15M shares outstanding in fiscal year 2024. This represents an increase of 66.4% from the prior year.
Safe Pro Group Inc.'s gross margin was 41.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 7.9 percentage points from the prior year.
Safe Pro Group Inc.'s operating margin was -329.7% in fiscal year 2024, reflecting core business profitability. This is up 357.5 percentage points from the prior year.
Safe Pro Group Inc.'s net profit margin was -342.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 345.6 percentage points from the prior year.
Safe Pro Group Inc. invested $90K in research and development in fiscal year 2024. This represents a decrease of 75.8% from the prior year.
Safe Pro Group Inc. invested $64K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 111.5% from the prior year.
SPAI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $101K+9.3% | $93K-49.8% | $185K-79.2% | $888K+38.1% | $643K+109.0% | $308K | N/A | $164K |
| Cost of Revenue | $68K+10.8% | $61K-50.3% | $123K-71.2% | $428K-6.7% | $458K+154.0% | $180K | N/A | $101K |
| Gross Profit | $34K+6.5% | $32K-48.7% | $62K-86.6% | $460K+149.2% | $185K+45.1% | $127K | N/A | $62K |
| R&D Expenses | $110K+514.1% | $18K | N/A | N/A | N/A | $86K | N/A | $92K |
| SG&A Expenses | $603K+62.5% | $371K+4.2% | $356K-11.4% | $402K+60.9% | $249K+34.6% | $185K | N/A | $89K |
| Operating Income | -$4.2M-118.8% | -$1.9M+52.0% | -$4.0M-185.7% | -$1.4M-24.9% | -$1.1M-3.5% | -$1.1M | N/A | -$678K |
| Interest Expense | $3K-1.2% | $3K+100.2% | $2K-16.1% | $2K-97.9% | $92K+56.2% | $59K | N/A | $2K |
| 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-13.9% | -$1.2M-6.2% | -$1.1M | N/A | -$680K |
| EPS (Diluted) | $-0.29-123.1% | $-0.13+51.9% | $-0.27-200.0% | $-0.09+35.7% | $-0.14-7.7% | $-0.13 | N/A | $-0.09 |
SPAI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.7M+173.9% | $3.5M-4.0% | $3.7M-25.5% | $4.9M+64.0% | $3.0M | N/A | $3.4M | N/A |
| Current Assets | $8.4M+532.4% | $1.3M-10.4% | $1.5M-46.0% | $2.8M+254.2% | $776K | N/A | $1.3M | N/A |
| Cash & Equivalents | $7.6M+843.0% | $806K-11.7% | $912K-53.7% | $2.0M+1020.0% | $176K-56.0% | $400K-43.2% | $703K+9.9% | $640K |
| Inventory | $494K+61.1% | $306K-2.4% | $314K-8.3% | $342K-6.2% | $365K | N/A | $359K | N/A |
| Accounts Receivable | N/A | $40K+155.9% | $16K-87.2% | $124K+198.9% | $41K | N/A | $163K | N/A |
| Goodwill | N/A | $685K0.0% | $685K0.0% | $685K0.0% | $685K | N/A | $685K | N/A |
| Total Liabilities | $1.3M+29.2% | $972K-6.8% | $1.0M-3.0% | $1.1M-56.8% | $2.5M | N/A | $1.7M | N/A |
| Current Liabilities | $1.1M+36.8% | $810K-7.1% | $872K-2.4% | $894K-60.8% | $2.3M | N/A | $1.4M | N/A |
| Long-Term Debt | $146K0.0% | $146K0.0% | $146K0.0% | $146K-43.0% | $256K | N/A | N/A | N/A |
| Total Equity | $8.4M+228.7% | $2.6M-2.9% | $2.6M-31.8% | $3.9M+629.1% | $531K-34.2% | $807K-54.6% | $1.8M-23.9% | $2.3M |
| Retained Earnings | -$25.1M-24.9% | -$20.1M-10.5% | -$18.2M-27.8% | -$14.3M-55.2% | -$9.2M | N/A | -$6.8M | N/A |
SPAI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.6M-58.0% | -$1.0M-7.3% | -$942K+8.6% | -$1.0M-74.2% | -$591K-4.1% | -$568K-125.5% | -$252K+56.7% | -$582K |
| Capital Expenditures | $5K+79.4% | $3K-84.7% | $18K+82.5% | $10K | N/A | N/A | $1K | N/A |
| Free Cash Flow | -$1.6M-58.1% | -$1.0M-5.6% | -$960K+7.7% | -$1.0M | N/A | N/A | -$253K | N/A |
| Investing Cash Flow | -$8K+92.5% | -$103K+16.9% | -$123K+41.3% | -$210K | N/A | N/A | -$1K | N/A |
| Financing Cash Flow | $8.4M+705.0% | $1.0M+15617.9% | $7K-99.2% | $876K+48.2% | $591K+123.8% | $264K-16.5% | $317K-45.9% | $585K |
| 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 | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.1%-0.9pp | 34.0%+0.7pp | 33.3%-18.5pp | 51.8%+23.1pp | 28.7%-12.6pp | 41.3% | N/A | 38.2% |
| Operating Margin | -4148.6%-2075.0pp | -2073.6%+93.9pp | -2167.6%-2009.6pp | -157.9%+16.7pp | -174.6%+178.0pp | -352.6% | N/A | -414.7% |
| Net Margin | -4940.1%-2876.0pp | -2064.2%+81.4pp | -2145.6%-1989.6pp | -155.9%+33.0pp | -188.9%+182.8pp | -371.8% | N/A | -415.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -51.7%+2.4pp | -54.1%+53.5pp | -107.5%-79.6pp | -28.0%+12.3pp | -40.3% | N/A | N/A | N/A |
| Current Ratio | 7.60+6.0 | 1.64-0.1 | 1.70-1.4 | 3.08+2.7 | 0.34 | N/A | 0.90 | N/A |
| Debt-to-Equity | 0.02-0.0 | 0.060.0 | 0.06+0.0 | 0.04-0.4 | 0.48 | N/A | 0.93 | N/A |
| FCF Margin | -1579.6%-486.9pp | -1092.7%-573.3pp | -519.5%-402.3pp | -117.2% | N/A | 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 $2.2M in total revenue for fiscal year 2024. This represents a 136.4% 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 grew by 136.4% year-over-year, from $918K to $2.2M in fiscal year 2024.
Is Safe Pro Group Inc. profitable?
No, Safe Pro Group Inc. (SPAI) reported a net income of -$7.4M in fiscal year 2024, with a net profit margin of -342.5%.
What is Safe Pro Group Inc.'s earnings per share (EPS)?
Safe Pro Group Inc. (SPAI) reported diluted earnings per share of $-0.70 for fiscal year 2024. This represents a 11.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Safe Pro Group Inc.'s EBITDA?
Safe Pro Group Inc. (SPAI) had EBITDA of -$6.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Safe Pro Group Inc. have?
As of fiscal year 2024, Safe Pro Group Inc. (SPAI) had $2.0M in cash and equivalents against $146K in long-term debt.
What is Safe Pro Group Inc.'s gross margin?
Safe Pro Group Inc. (SPAI) had a gross margin of 41.8% in fiscal year 2024, 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 -329.7% in fiscal year 2024, 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 -342.5% in fiscal year 2024, 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 -$4.2M in free cash flow during fiscal year 2024. This represents a -104.5% 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 -$4.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Safe Pro Group Inc.'s total assets?
Safe Pro Group Inc. (SPAI) had $4.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Safe Pro Group Inc.'s capital expenditures?
Safe Pro Group Inc. (SPAI) invested $64K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Safe Pro Group Inc. spend on research and development?
Safe Pro Group Inc. (SPAI) invested $90K in research and development during fiscal year 2024.
How many shares does Safe Pro Group Inc. have outstanding?
Safe Pro Group Inc. (SPAI) had 15M shares outstanding as of fiscal year 2024.
What is Safe Pro Group Inc.'s current ratio?
Safe Pro Group Inc. (SPAI) had a current ratio of 3.08 as of fiscal year 2024, which is generally considered healthy.
What is Safe Pro Group Inc.'s debt-to-equity ratio?
Safe Pro Group Inc. (SPAI) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Safe Pro Group Inc.'s return on assets (ROA)?
Safe Pro Group Inc. (SPAI) had a return on assets of -150.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Safe Pro Group Inc.'s cash runway?
Based on fiscal year 2024 data, Safe Pro Group Inc. (SPAI) had $2.0M in cash against an annual operating cash burn of $4.1M. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Safe Pro Group Inc.'s Piotroski F-Score?
Safe Pro Group Inc. (SPAI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Safe Pro Group Inc.'s earnings high quality?
Safe Pro Group Inc. (SPAI) has an earnings quality ratio of 0.55x, 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 -23.3x, 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.
How financially healthy is Safe Pro Group Inc.?
Safe Pro Group Inc. (SPAI) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.