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).
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
Total liabilities were only
Financial Health Signals
We are recalculating Safe Pro Group Inc.'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Safe Pro Group Inc. scores 29.58, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($77.1M) 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.
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 $607K in revenue in fiscal year 2025. This represents a decrease of 72.0% 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. held $16.8M in cash against $146K in long-term debt as of fiscal year 2025.
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
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.
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.
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.
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
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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M+435.8% | $228K+124.5% | $101K+9.3% | $93K-49.8% | $185K-79.2% | $888K+168.4% | $331K-48.6% | $643K |
| Cost of Revenue | $390K+156.0% | $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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16.7M-12.4% | $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 | $15.6M-13.2% | $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 | $14.8M-11.9% | $16.8M+121.0% | $7.6M+843.0% | $806K-11.7% | $912K-53.7% | $2.0M-15.6% | $2.3M+1226.9% | $176K |
| Inventory | $454K-26.2% | $615K+24.6% | $494K+61.1% | $306K-2.4% | $314K-8.3% | $342K-8.9% | $375K+2.9% | $365K |
| Accounts Receivable | $62K-38.3% | $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 | $1.3M-5.7% | $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 | $1.2M-6.3% | $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 | $146K0.0% | $146K0.0% | $146K0.0% | $146K0.0% | $146K0.0% | $146K0.0% | $146K-43.0% | $256K |
| Total Equity | $15.4M-13.0% | $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 | -$31.4M-9.8% | -$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 | Q1'26 | 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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.1%+34.9pp | 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 | -239.1%+1697.1pp | -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 | -228.9%+1278.6pp | -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 | -18.1%+1.3pp | -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 | -16.7%+1.3pp | -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 | 13.28-1.1 | 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 | 0.010.0 | 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 | -100.5%+1080.7pp | -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.
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 Altman Z-Score?
Safe Pro Group Inc. (SPAI) has an Altman Z-Score of 29.58, 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) 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.