Safe Pro Group Inc. (SPAI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SPAI SEC filings page.
Safe Pro Group Inc. (SPAI) reported $2.9M in revenue over the twelve months to Jun 30, 2026, up 92.6% from the prior twelve months. This page shows its 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).
The business has reported liquidity and little debt, but equity funding is supporting a sharply loss-making operation.
The balance-sheet expansion came primarily through financing rather than operating earnings: financing cash flow reached$21.3M while operating cash flow was-$6.2M . That financing lifted assets to$19.1M without a comparable liability build, making the balance sheet look stronger while operations remained cash-consuming.
FY2025 revenue was
A 14.3x current ratio and debt-to-equity below 0.1x indicate substantial short-term balance-sheet flexibility with minimal borrowing, but not operating self-sufficiency. Reported liquidity equaled 32.4 months of the latest annual operating outflow, while free cash flow was
Financial Health Signals
Safe Pro Group Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Safe Pro Group Inc. scores 32.31, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($83.5M) relative to total liabilities ($1.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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.
Safe Pro Group Inc. reported a net loss of $14.3M while operations used $6.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Safe Pro Group Inc. reported an operating loss of $14.5M against $13K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Safe Pro Group Inc. generated $1.3M in revenue in Q2 2026. This represents an increase of 1336.2% from the same quarter a year earlier. Against the prior quarter it is up 9.2%.
Safe Pro Group Inc.'s EBITDA was -$3.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 76.9% from the same quarter a year earlier. Against the prior quarter it is down 13.0%.
Safe Pro Group Inc. reported -$3.2M in net income in Q2 2026. This represents a decrease of 65.5% from the same quarter a year earlier. Against the prior quarter it is down 13.4%.
Safe Pro Group Inc. earned -$0.15 per diluted share (EPS) in Q2 2026. This represents a decrease of 15.4% from the same quarter a year earlier. Against the prior quarter it is down 7.1%.
Cash & Balance Sheet
Safe Pro Group Inc. recorded an outflow of $2.9M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 180.9% from the same quarter a year earlier. Against the prior quarter it is down 139.6%.
Safe Pro Group Inc. held $10.2M in cash against $146K in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Safe Pro Group Inc.'s gross margin was 64.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 30.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.0 percentage points.
Safe Pro Group Inc.'s ROE was -26.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 48.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.3 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Safe Pro Group Inc. invested $192K in research and development in Q2 2026. This represents an increase of 976.6% from the same quarter a year earlier. Against the prior quarter it is down 46.6%.
Safe Pro Group Inc. spent $1.6M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 118.7%.
Safe Pro Group Inc. invested $60K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 2057.7% from the same quarter a year earlier. Against the prior quarter it is up 24.8%.
SPAI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3M+1336.2% | $1.2M+560.2% | $228K-74.4% | $101K-69.3% | $93K-85.6% | $185K-39.9% | $888K | $331K+102.2% |
| Cost of Revenue | $479K+683.2% | $390K+216.2% | $152K-64.4% | $68K-65.5% | $61K-86.6% | $123K-31.7% | $428K | $197K+94.4% |
| Gross Profit | $853K+2602.4% | $830K+1248.8% | $75K-83.6% | $34K-75.0% | $32K-82.9% | $62K-51.6% | $460K | $134K+115.0% |
| R&D Expenses | $192K+976.6% | $360K | N/A | $110K | $18K | N/A | N/A | N/A |
| SG&A Expenses | $717K+93.2% | $759K+113.2% | $802K+99.7% | $603K+44.1% | $371K+48.6% | $356K+92.0% | $402K | $418K+369.3% |
| Operating Income | -$3.3M-70.1% | -$2.9M+27.2% | -$4.4M-214.4% | -$4.2M-18.8% | -$1.9M-71.3% | -$4.0M-269.2% | -$1.4M | -$3.5M-422.3% |
| EBITDA | -$3.2M-76.9% | -$2.8M+27.3% | -$4.3M-237.5% | -$4.1M-19.5% | -$1.8M-71.0% | -$3.9M-281.0% | -$1.3M | -$3.4M-456.6% |
| Interest Expense | $2K-48.6% | $3K+82.1% | $5K+136.7% | $3K-97.9% | $3K-96.4% | $2K-97.2% | $2K | $153K+9699.7% |
| Net Income | -$3.2M-65.5% | -$2.8M+29.5% | -$3.4M-148.0% | -$5.0M-35.9% | -$1.9M-57.6% | -$4.0M-246.6% | -$1.4M | -$3.7M-442.2% |
| EPS (Basic) | -$0.15-15.4% | -$0.14+48.1% | -$0.16-166.7% | -$0.29+14.7% | -$0.13+7.1% | -$0.27-107.7% | -$0.06+88.9% | -$0.34-277.8% |
| EPS (Diluted) | -$0.15-15.4% | -$0.14+48.1% | -$0.16-166.7% | -$0.29 | -$0.13 | -$0.27 | -$0.06+88.9% | -$0.34-277.8% |
| Diluted Shares (Avg) | 21M+34.9% | 21M+39.9% | N/A | 17M | 15M | 15M | N/A | 11M+38.7% |
Not reported in any period shown, so not listed: Income Tax.
SPAI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.5M+282.3% | $16.7M+354.0% | $19.1M+286.2% | $9.7M+77.0% | $3.5M+17.3% | $3.7M | $4.9M+44.3% | $5.5M |
| Current Assets | $12.4M+829.4% | $15.6M+947.8% | $17.9M+551.9% | $8.4M+151.4% | $1.3M+71.5% | $1.5M | $2.8M+115.9% | $3.3M |
| Cash & Equivalents | $10.2M+1169.9% | $14.8M+1522.6% | $16.8M+752.1% | $7.6M+225.4% | $806K+357.8% | $912K+128.3% | $2.0M+180.2% | $2.3M+264.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $757K+147.3% | $454K+44.7% | $615K+79.8% | $494K+31.5% | $306K-16.0% | $314K | $342K-4.8% | $375K |
| Accounts Receivable | $1.3M+2995.2% | $62K+291.0% | $100K-19.1% | N/A | $40K-2.4% | $16K | $124K-24.3% | $221K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | N/A | N/A | $685K0.0% | $685K | $685K0.0% | $685K |
| Total Liabilities | $1.6M+60.3% | $1.3M+26.4% | $1.4M+30.0% | $1.3M+1.1% | $972K-60.9% | $1.0M | $1.1M-35.0% | $1.2M |
| Current Liabilities | $1.4M+74.4% | $1.2M+34.5% | $1.3M+39.9% | $1.1M+5.6% | $810K-64.5% | $872K | $894K-36.9% | $1.0M |
| Non-Current Liabilities | $146K-10.0% | $146K-14.7% | $147K-19.1% | $148K-23.6% | $162K-21.9% | $171K | $182K-23.4% | $193K |
| Long-Term Debt | $146K0.0% | $146K0.0% | $146K0.0% | $146K0.0% | $146K-43.0% | $146K | $146K | $146K |
| Total Equity | $12.0M+366.3% | $15.4M+483.3% | $17.7M+357.3% | $8.4M+99.3% | $2.6M+383.1% | $2.6M+227.4% | $3.9M+118.1% | $4.2M+81.4% |
| Retained Earnings | -$34.5M-71.6% | -$31.4M-72.2% | -$28.6M-100.5% | -$25.1M-95.4% | -$20.1M-119.3% | -$18.2M | -$14.3M-108.9% | -$12.9M |
SPAI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.9M-175.9% | -$1.2M-25.1% | -$2.7M-158.8% | -$1.6M+17.9% | -$1.0M-76.4% | -$942K-65.8% | -$1.0M-309.1% | -$1.9M-227.6% |
| Depreciation & Amortization | $64K-41.6% | $79K-23.7% | $76K-36.2% | $92K-7.2% | $110K+76.3% | $103K+70.4% | $118K+95.2% | $100K+66.6% |
| Capital Expenditures | $60K+2057.7% | $48K+164.2% | $23K+127.7% | $5K+73.2% | $3K | $18K | $10K+602.7% | $3K |
| Free Cash Flow | -$2.9M-180.9% | -$1.2M-27.7% | -$2.7M-158.5% | -$1.6M+17.7% | -$1.0M | -$960K | -$1.0M-310.7% | -$1.9M |
| Investing Cash Flow | -$90K+12.1% | -$82K+33.8% | -$8K+96.3% | -$8K-166.7% | -$103K | -$123K | -$210K-14657.0% | -$3K |
| Financing Cash Flow | -$1.6M-254.3% | -$731K-11164.3% | $11.9M+1254.6% | $8.4M+105.6% | $1.0M+75.7% | $7K-97.5% | $876K+176.8% | $4.1M+595.0% |
| Share Buybacks | $1.6M | $731K | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.
SPAI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.0%+30.0pp | 68.1%+34.8pp | 33.1%-18.7pp | 33.1%-7.5pp | 34.0%+5.3pp | 33.3%-8.0pp | 51.8% | 40.6%+2.4pp |
| Operating Margin | -245.6% | -239.1% | -1936.2% | -4148.6% | -2073.6% | -2167.6% | -157.9% | -1070.9% |
| Net Margin | -237.9% | -228.9% | -1507.6% | -4940.1% | -2064.2% | -2145.6% | -155.9% | -1114.3% |
| Return on Equity | -26.5%+48.1pp | -18.1%+131.9pp | -19.4%+16.4pp | -59.4%+27.7pp | -74.6%+154.1pp | -150.0%-8.3pp | -35.7% | -87.1%-57.9pp |
| Return on Assets | -23.4%+30.7pp | -16.7%+90.9pp | -18.0%+10.0pp | -51.7%+15.6pp | -54.1%-13.8pp | -107.5% | -28.0% | -67.3% |
| Current Ratio | 8.76+7.1x | 13.28+11.6x | 14.33+11.3x | 7.60+4.4x | 1.64+1.3x | 1.70 | 3.08+2.2x | 3.19 |
| Debt-to-Equity | 0.010.0x | 0.010.0x | 0.010.0x | 0.020.0x | 0.06-0.4x | 0.06 | 0.04-0.9x | 0.03 |
| Asset Turnover | 0.10+0.1x | 0.070.0x | 0.01-0.2x | 0.010.0x | 0.03-0.2x | 0.05 | 0.18 | 0.06 |
| FCF Margin | -220.5% | -100.5% | -1181.2% | -1547.8% | -1127.6% | -519.5% | -117.2% | -577.0% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Safe Pro Group Inc. SPAI | FY2025 | $607K | -$14.3M | N/A | $83.5M | — |
| VisionWave Holdings, Inc. VWAV | FY2025 | N/A | -$6.5M | N/A | $10.3M | — |
| Innovative Solutions & Support ISSC | FY2025 | $84.3M | $15.6M | 18.5% | $443.5M | 77/100 |
| Virgin Galactic Holdings, Inc. SPCE | FY2025 | $1.5M | -$279K | -18.1% | $462.4M | 52/100 |
| Outdoor Holding Company POWW | FY2026 | $51.1M | -$3.5M | -6.9% | $260.0M | 46/100 |
| Draganfly Inc. DPRO | FY2023 | N/A | N/A | N/A | $191.8M | — |
Where Safe Pro Group Inc. Ranks
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 72.0% 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.
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 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) recorded an outflow of $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) recorded an outflow of $6.2M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 P/E ratio?
Safe Pro Group Inc. (SPAI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $83.5M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Safe Pro Group Inc.'s price-to-sales ratio?
Safe Pro Group Inc. (SPAI) trades at 29.0x sales, its market capitalization divided by revenue of $2.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $83.5M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Safe Pro Group Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Safe Pro Group Inc. (SPAI) held $16.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $6.2M over that year. Dividing the one by the other, the reported balance equals about 32 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Safe Pro Group Inc.'s Altman Z-Score?
Safe Pro Group Inc. (SPAI) has an Altman Z-Score of 32.31, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
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) reported a net loss of $14.3M while operations used $6.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $14.5M against $13K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.