What is Safe Pro Group Inc.'s earnings per share (EPS)?

Safe Pro Group Inc. (SPAI) reported diluted earnings per share of $-0.85 for fiscal year 2025. This represents a -21.4% 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.

Safe Pro Group Inc. Financials

SPAI

Source SEC Filings (10-K/10-Q) Updated May 15, 2026 Currency USD FYE December

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).

Rhea AI SPAI FY2025 2026-04-30

FY2025 looks like an equity-funded cash build, with operations still far too small to support the cost base.

Cash rose from $2.0M in FY2024 to $16.8M in FY2025. That stronger liquidity came from financing, because FY2025 operating cash flow remained -$6.2M while financing cash flow brought in $21.3M.

Revenue was just $607K in FY2025, and SG&A alone reached $2.1M. With R&D still meaningful and gross margin staying near 33.0% across FY2023 and FY2025, the core issue is overhead versus scale, not a sudden deterioration in gross profit per sale; better product margin alone would not fix the gap.

Total liabilities were only $1.4M against $17.7M of equity, leaving solvency dependent far more on shareholders than lenders. The same shift shows up in capital raising: long-term debt stayed just $146K while shares outstanding rose to 20.7M from 14.5M, so the stronger cash position was built mainly through equity issuance, which reduces lender pressure but not operating dependence on fresh capital.

Financial Health Signals

Financial Profile 34/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Safe Pro Group Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Safe Pro Group Inc. has an operating margin of -2397.6%, meaning the company retains $-2398 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 down from -329.7% the prior year.

Growth

Safe Pro Group Inc.'s revenue declined 72% year-over-year, from $2.2M to $607K. This contraction results in a growth score of 2/100.

Leverage

100

Safe Pro Group Inc. carries a low D/E ratio of 0.01, meaning only $0.01 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.

Liquidity

100

With a current ratio of 14.33, Safe Pro Group Inc. holds $14.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Safe Pro Group Inc. generated -$6.2M in operating cash flow, capex of $49K consumed most of it, leaving -$6.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Safe Pro Group Inc. generates a -80.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -191.7% the prior year.

Piotroski F-Score Neutral

4/9

Safe Pro Group Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.43x

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.

Interest Coverage At Risk

-1133.4x

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

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Earnings & Revenue

Revenue

$607K

YoY-72.0%

Safe Pro Group Inc. generated $607K in revenue in fiscal year 2025. This represents a decrease of 72.0% from the prior year.

EBITDA

-$14.2M

YoY-108.0%

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.

Net Income

-$14.3M

YoY-92.8%

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.

EPS (Diluted)

$-0.85

YoY-21.4%

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

Free Cash Flow

-$6.3M

YoY-50.6%

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.

Cash & Debt

$16.8M

YoY+752.1%

Safe Pro Group Inc. held $16.8M in cash against $146K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

21M

YoY+42.7%

Safe Pro Group Inc. had 21M shares outstanding in fiscal year 2025. This represents an increase of 42.7% from the prior year.

Margins & Returns

Gross Margin

33.3%

YoY-8.4pp

Safe Pro Group Inc.'s gross margin was 33.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 8.4 percentage points from the prior year.

Operating Margin

-2397.6%

YoY-2067.8pp

Safe Pro Group Inc.'s operating margin was -2397.6% in fiscal year 2025, reflecting core business profitability. This is down 2067.8 percentage points from the prior year.

Net Margin

-2360.8%

YoY-2018.4pp

Safe Pro Group Inc.'s net profit margin was -2360.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2018.4 percentage points from the prior year.

Return on Equity

-80.8%

YoY+110.9pp

Safe Pro Group Inc.'s ROE was -80.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 110.9 percentage points from the prior year.

Capital Allocation

R&D Spending

$394K

YoY+336.2%

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.

Share Buybacks

N/A

Capital Expenditures

$49K

YoY-23.5%

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	FY25	FY24	FY23
Revenue	$607K-72.0%	$2.2M+136.4%	$918K
Cost of Revenue	$405K-68.0%	$1.3M+108.2%	$607K
Gross Profit	$202K-77.7%	$906K+191.3%	$311K
R&D Expenses	$394K+336.2%	$90K-75.8%	$374K
SG&A Expenses	$2.1M+69.8%	$1.3M+178.9%	$450K
Operating Income	-$14.5M-103.4%	-$7.2M-13.4%	-$6.3M
Interest Expense	$13K-95.8%	$307K+3625.7%	$8K
Income Tax	N/A	N/A	N/A
Net Income	-$14.3M-92.8%	-$7.4M-17.6%	-$6.3M
EPS (Diluted)	$-0.85-21.4%	$-0.70+11.4%	$-0.79

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$1.2M+405.5%	$228K+124.5%	$101K+9.3%	$93K-49.8%	$185K-79.2%	$888K+168.4%	$331K-48.6%	$643K
Cost of Revenue	$1K-99.3%	$152K+124.5%	$68K+10.8%	$61K-50.3%	$123K-71.2%	$428K+117.6%	$197K-57.1%	$458K
Gross Profit	$830K+1000.5%	$75K+124.6%	$34K+6.5%	$32K-48.7%	$62K-86.6%	$460K+242.7%	$134K-27.3%	$185K
R&D Expenses	$360K	N/A	$110K+514.1%	$18K	N/A	N/A	N/A	N/A
SG&A Expenses	$759K-5.4%	$802K+33.0%	$603K+62.5%	$371K+4.2%	$356K-11.4%	$402K-4.0%	$418K+67.7%	$249K
Operating Income	-$2.9M+33.8%	-$4.4M-4.8%	-$4.2M-118.8%	-$1.9M+52.0%	-$4.0M-185.7%	-$1.4M+60.4%	-$3.5M-215.5%	-$1.1M
Interest Expense	$3K-35.5%	$5K+42.7%	$3K-1.2%	$3K+100.2%	$2K-16.1%	$2K-98.7%	$153K+66.6%	$92K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$2.8M+18.6%	-$3.4M+31.5%	-$5.0M-161.7%	-$1.9M+51.7%	-$4.0M-186.4%	-$1.4M+62.4%	-$3.7M-203.3%	-$1.2M
EPS (Diluted)	$-0.14	N/A	$-0.29-123.1%	$-0.13+51.9%	$-0.27	N/A	$-0.34-142.9%	$-0.14

SPAI Balance Sheet

Metric	FY25	FY24	FY23
Total Assets	$19.1M+286.2%	$4.9M+44.3%	$3.4M
Current Assets	$17.9M+551.9%	$2.8M+115.9%	$1.3M
Cash & Equivalents	$16.8M+752.1%	$2.0M+180.2%	$703K
Inventory	$615K+79.8%	$342K-4.8%	$359K
Accounts Receivable	$100K-19.1%	$124K-24.3%	$163K
Goodwill	N/A	$685K0.0%	$685K
Total Liabilities	$1.4M+30.0%	$1.1M-35.0%	$1.7M
Current Liabilities	$1.3M+39.9%	$894K-36.9%	$1.4M
Long-Term Debt	$146K0.0%	$146K	N/A
Total Equity	$17.7M+357.3%	$3.9M+118.1%	$1.8M
Retained Earnings	-$28.6M-100.5%	-$14.3M-108.9%	-$6.8M

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	N/A	$19.1M+97.2%	$9.7M+173.9%	$3.5M-4.0%	$3.7M-25.5%	$4.9M-9.6%	$5.5M+81.4%	$3.0M
Current Assets	N/A	$17.9M+112.9%	$8.4M+532.4%	$1.3M-10.4%	$1.5M-46.0%	$2.8M-17.9%	$3.3M+331.4%	$776K
Cash & Equivalents	N/A	$16.8M+121.0%	$7.6M+843.0%	$806K-11.7%	$912K-53.7%	$2.0M-15.6%	$2.3M+1226.9%	$176K
Inventory	N/A	$615K+24.6%	$494K+61.1%	$306K-2.4%	$314K-8.3%	$342K-8.9%	$375K+2.9%	$365K
Accounts Receivable	N/A	$100K	N/A	$40K+155.9%	$16K-87.2%	$124K-44.2%	$221K+435.3%	$41K
Goodwill	N/A	N/A	N/A	$685K0.0%	$685K0.0%	$685K0.0%	$685K0.0%	$685K
Total Liabilities	N/A	$1.4M+11.3%	$1.3M+29.2%	$972K-6.8%	$1.0M-3.0%	$1.1M-13.4%	$1.2M-50.0%	$2.5M
Current Liabilities	N/A	$1.3M+12.9%	$1.1M+36.8%	$810K-7.1%	$872K-2.4%	$894K-14.8%	$1.0M-54.0%	$2.3M
Long-Term Debt	N/A	$146K0.0%	$146K0.0%	$146K0.0%	$146K0.0%	$146K0.0%	$146K-43.0%	$256K
Total Equity	N/A	$17.7M+109.9%	$8.4M+228.7%	$2.6M-2.9%	$2.6M-31.8%	$3.9M-8.5%	$4.2M+696.8%	$531K
Retained Earnings	N/A	-$28.6M-13.7%	-$25.1M-24.9%	-$20.1M-10.5%	-$18.2M-27.8%	-$14.3M-10.8%	-$12.9M-40.1%	-$9.2M

SPAI Cash Flow Statement

Metric	FY25	FY24	FY23
Operating Cash Flow	-$6.2M-51.8%	-$4.1M-104.4%	-$2.0M
Capital Expenditures	$49K-23.5%	$64K+111.5%	$30K
Free Cash Flow	-$6.3M-50.6%	-$4.2M-104.5%	-$2.0M
Investing Cash Flow	-$241K+44.7%	-$436K-1346.3%	-$30K
Financing Cash Flow	$21.3M+267.0%	$5.8M+488.7%	$985K
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$1.2M+55.8%	-$2.7M-67.0%	-$1.6M-58.0%	-$1.0M-7.3%	-$942K+8.6%	-$1.0M+45.9%	-$1.9M-222.2%	-$591K
Capital Expenditures	$48K+111.7%	$23K+355.4%	$5K+79.4%	$3K-84.7%	$18K+82.5%	$10K+246.3%	$3K	N/A
Free Cash Flow	-$1.2M+54.4%	-$2.7M-67.9%	-$1.6M-58.1%	-$1.0M-5.6%	-$960K+7.7%	-$1.0M+45.5%	-$1.9M	N/A
Investing Cash Flow	-$82K-951.1%	-$8K-0.9%	-$8K+92.5%	-$103K+16.9%	-$123K+41.3%	-$210K-7171.2%	-$3K	N/A
Financing Cash Flow	-$731K-106.2%	$11.9M+41.9%	$8.4M+705.0%	$1.0M+15617.9%	$7K-99.2%	$876K-78.5%	$4.1M+587.8%	$591K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$731K	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SPAI Financial Ratios

Metric	FY25	FY24	FY23
Gross Margin	33.3%-8.4pp	41.8%+7.9pp	33.9%
Operating Margin	-2397.6%-2067.8pp	-329.7%+357.5pp	-687.2%
Net Margin	-2360.8%-2018.4pp	-342.5%+345.6pp	-688.1%
Return on Equity	-80.8%+110.9pp	-191.7%+163.8pp	-355.5%
Return on Assets	-74.9%+75.1pp	-150.1%+34.0pp	-184.1%
Current Ratio	14.33+11.3	3.08+2.2	0.90
Debt-to-Equity	0.01-0.0	0.04-0.9	0.93
FCF Margin	-1032.7%-841.0pp	-191.7%+29.9pp	-221.6%

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	72.2%+39.0pp	33.1%+0.0pp	33.1%-0.9pp	34.0%+0.7pp	33.3%-18.5pp	51.8%+11.2pp	40.6%+11.9pp	28.7%
Operating Margin	-253.5%+1682.8pp	-1936.2%+2212.4pp	-4148.6%-2075.0pp	-2073.6%+93.9pp	-2167.6%-2009.6pp	-157.9%+913.0pp	-1070.9%-896.3pp	-174.6%
Net Margin	-242.7%+1264.9pp	-1507.6%+3432.5pp	-4940.1%-2876.0pp	-2064.2%+81.4pp	-2145.6%-1989.6pp	-155.9%+958.3pp	-1114.3%-925.3pp	-188.9%
Return on Equity	N/A	-19.4%+40.0pp	-59.4%+15.2pp	-74.6%+75.4pp	-150.0%-114.3pp	-35.7%+51.3pp	-87.1%+141.6pp	-228.6%
Return on Assets	N/A	-18.0%+33.7pp	-51.7%+2.4pp	-54.1%+53.5pp	-107.5%-79.6pp	-28.0%+39.3pp	-67.3%-27.1pp	-40.3%
Current Ratio	N/A	14.33+6.7	7.60+6.0	1.64-0.1	1.70-1.4	3.08-0.1	3.19+2.9	0.34
Debt-to-Equity	N/A	0.010.0	0.02-0.0	0.060.0	0.06+0.0	0.040.0	0.03-0.4	0.48
FCF Margin	-106.5%+1074.6pp	-1181.2%+398.5pp	-1579.6%-486.9pp	-1092.7%-573.3pp	-519.5%-402.3pp	-117.2%+459.8pp	-577.0%	N/A

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Frequently Asked Questions

What is Safe Pro Group Inc.'s annual revenue?

Safe Pro Group Inc. (SPAI) reported $607K in total revenue for fiscal year 2025. This represents a -72.0% 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 72% year-over-year, from $2.2M to $607K 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 -2360.8%.

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.

How much debt does Safe Pro Group Inc. have?

As of fiscal year 2025, Safe Pro Group Inc. (SPAI) had $16.8M 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 33.3% 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 -2397.6% 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 -2360.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Safe Pro Group Inc.'s return on equity (ROE)?

Safe Pro Group Inc. (SPAI) has a return on equity of -80.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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 total assets?

Safe Pro Group Inc. (SPAI) had $19.1M in total assets as of fiscal year 2025, including both current and long-term assets.

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.

How many shares does Safe Pro Group Inc. have outstanding?

Safe Pro Group Inc. (SPAI) had 21M shares outstanding as of fiscal year 2025.

What is Safe Pro Group Inc.'s current ratio?

Safe Pro Group Inc. (SPAI) had a current ratio of 14.33 as of fiscal year 2025, 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 0.01 as of fiscal year 2025, 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 -74.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Safe Pro Group Inc.'s cash runway?

Based on fiscal year 2025 data, Safe Pro Group Inc. (SPAI) had $16.8M in cash against an annual operating cash burn of $6.2M. This gives an estimated cash runway of approximately 32 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 4 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 to 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 0.43x, 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.

How financially healthy is Safe Pro Group Inc.?

Safe Pro Group Inc. (SPAI) scores 34 out of 100 on our Financial Profile, indicating weak 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.