What is Safe Pro Group's operating income?

Safe Pro Group's total operating income in 2025 was -$14.55 million, based on the following breakdown: Total Gross Profit: $202.18 thousand Total Operating Expenses: $14.75 million

Safe Pro Group (SPAI) Financials

$3.81 -0.06 (-1.55%)

Closing price 07/16/2026 04:00 PM Eastern

Extended Trading

$3.76 -0.05 (-1.31%)

As of 04:29 AM Eastern

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Annual Income Statements for Safe Pro Group

This table shows Safe Pro Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-6.31	-7.43	-14
Consolidated Net Income / (Loss)	-6.31	-7.43	-14
Net Income / (Loss) Continuing Operations	-6.32	-7.43	-14
Total Pre-Tax Income	-6.32	-7.43	-14
Total Operating Income	-6.31	-7.15	-15
Total Gross Profit	0.31	0.91	0.20
Total Revenue	0.92	2.17	0.61
Operating Revenue	0.92	2.17	0.61
Total Cost of Revenue	0.61	1.26	0.40
Operating Cost of Revenue	0.61	1.26	0.40
Total Operating Expenses	6.62	8.06	15
Selling, General & Admin Expense	3.76	3.42	7.68
Research & Development Expense	0.37	0.09	0.39
Depreciation Expense	0.18	0.27	0.30
Other Operating Expenses / (Income)	2.30	4.28	5.54
Impairment Charge	-	0.00	0.83
Total Other Income / (Expense), net	-0.02	-0.28	0.22
Interest Expense	0.01	0.31	0.01
Interest & Investment Income	0.00	0.03	0.18
Other Income / (Expense), net	-0.01	0.00	0.06
Basic Earnings per Share	($0.79)	($0.70)	($0.85)
Weighted Average Basic Shares Outstanding	7.98M	10.61M	16.91M
Diluted Earnings per Share	($0.79)	($0.70)	($0.85)
Weighted Average Diluted Shares Outstanding	7.98M	10.61M	16.91M
Weighted Average Basic & Diluted Shares Outstanding	-	15.17M	20.89M

This table shows Safe Pro Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-0.68	-1.14	-1.21	-3.69	-1.38	-3.97	-1.91	-5.01	-3.43	-2.79
Consolidated Net Income / (Loss)	-0.68	-1.14	-1.21	-3.69	-1.38	-3.97	-1.91	-5.01	-3.43	-2.79
Net Income / (Loss) Continuing Operations	-0.68	-1.14	-1.21	-3.69	-1.38	-3.97	-1.91	-5.01	-3.44	-2.79
Total Pre-Tax Income	-0.68	-1.14	-1.21	-3.69	-1.38	-3.97	-1.91	-5.01	-3.43	-2.79
Total Operating Income	-0.68	-1.08	-1.12	-3.54	-1.40	-4.01	-1.92	-4.21	-4.41	-2.92
Total Gross Profit	0.06	0.13	0.18	0.13	0.46	0.06	0.03	0.03	0.08	0.83
Total Revenue	0.16	0.31	0.64	0.33	0.89	0.18	0.09	0.10	0.23	1.22
Operating Revenue	0.16	0.31	0.64	0.33	0.89	0.18	0.09	0.10	0.23	1.22
Total Cost of Revenue	0.10	0.18	0.46	0.20	0.43	0.12	0.06	0.07	0.15	0.39
Operating Cost of Revenue	0.10	0.18	0.46	0.20	0.43	0.12	0.06	0.07	0.15	0.39
Total Operating Expenses	0.74	1.21	1.31	3.68	1.86	4.07	1.95	4.24	4.48	3.75
Selling, General & Admin Expense	0.26	0.65	0.87	0.85	1.05	1.96	1.41	2.77	1.54	1.68
Research & Development Expense	0.09	0.09	0.00	0.00	0.00	0.00	0.02	0.11	0.27	0.36
Depreciation Expense	0.05	0.05	0.05	0.08	0.10	0.08	0.09	0.07	0.05	0.06
Other Operating Expenses / (Income)	0.34	0.43	0.39	2.75	0.70	2.02	0.43	1.29	1.79	1.65
Total Other Income / (Expense), net	-0.00	-0.06	-0.09	-0.14	0.02	0.04	0.01	-0.80	0.98	0.12
Interest Expense	0.00	0.06	0.09	0.15	0.00	0.00	0.00	0.00	0.00	0.00
Interest & Investment Income	0.00	0.00	0.00	0.01	0.02	0.01	0.01	0.00	0.16	0.13
Other Income / (Expense), net	-	0.00	0.00	0.00	-	0.03	0.00	-0.80	0.82	0.00
Basic Earnings per Share	($0.09)	($0.13)	($0.14)	($0.34)	($0.09)	($0.27)	($0.13)	($0.29)	($0.16)	($0.14)
Weighted Average Basic Shares Outstanding	7.77M	8.78M	8.90M	10.78M	10.61M	14.75M	15.21M	17.09M	16.91M	20.63M
Diluted Earnings per Share	($0.09)	($0.13)	($0.14)	($0.34)	($0.09)	($0.27)	($0.13)	($0.29)	($0.16)	($0.14)
Weighted Average Diluted Shares Outstanding	7.77M	8.78M	8.90M	10.78M	10.61M	14.75M	15.21M	17.09M	16.91M	20.63M
Weighted Average Basic & Diluted Shares Outstanding	-	-	13.68M	13.76M	15.17M	15.17M	16.17M	20.97M	20.89M	20.62M

This table details how cash moves in and out of Safe Pro Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-1.05	1.27	15
Net Cash From Operating Activities	-2.00	-4.10	-6.22
Net Cash From Continuing Operating Activities	-2.00	-4.10	-6.22
Net Income / (Loss) Continuing Operations	-6.31	-7.43	-14
Consolidated Net Income / (Loss)	-6.31	-7.43	-14
Depreciation Expense	0.24	0.34	0.38
Amortization Expense	0.00	0.21	0.00
Non-Cash Adjustments To Reconcile Net Income	3.87	3.08	7.67
Changes in Operating Assets and Liabilities, net	0.20	-0.30	0.05
Net Cash From Investing Activities	-0.03	-0.44	-0.24
Net Cash From Continuing Investing Activities	-0.03	-0.44	-0.24
Purchase of Property, Plant & Equipment	-0.03	-0.06	-0.05
Acquisitions	0.00	-0.37	-0.19
Net Cash From Financing Activities	0.99	5.80	21
Net Cash From Continuing Financing Activities	0.99	5.80	21
Repayment of Debt	-0.79	-0.26	-0.07
Repurchase of Common Equity	-	-	-0.61
Issuance of Debt	0.77	0.51	0.14
Issuance of Preferred Equity	-	0.00	1.05
Issuance of Common Equity	1.01	4.67	13
Other Financing Activities, net	0.00	0.88	7.83
Cash Interest Paid	0.01	0.09	0.01
Cash Income Taxes Paid	0.00	0.00	0.00

This table details how cash moves in and out of Safe Pro Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-0.03	0.06	-0.30	-0.22	2.16	-0.36	-1.06	-0.07	6.76	9.20	-1.99
Net Cash From Operating Activities	-0.58	-0.25	-0.57	-0.59	-1.91	-1.03	-0.94	-1.01	-1.60	-2.67	-1.18
Net Cash From Continuing Operating Activities	-0.58	-0.25	-0.57	-0.59	-1.91	-1.03	-0.94	-1.01	-1.60	-2.67	-1.18
Net Income / (Loss) Continuing Operations	-0.68	-4.42	-1.14	-1.21	-3.69	-1.38	-3.97	-1.91	-5.01	-3.43	-2.79
Consolidated Net Income / (Loss)	-0.68	-4.42	-1.14	-1.21	-3.69	-1.38	-3.97	-1.91	-5.01	-3.43	-2.79
Depreciation Expense	0.06	0.06	0.06	0.06	0.10	0.12	0.10	0.11	0.09	0.08	0.08
Non-Cash Adjustments To Reconcile Net Income	-0.00	3.76	0.10	0.45	2.40	0.14	2.67	0.79	3.42	0.79	1.23
Changes in Operating Assets and Liabilities, net	0.04	0.35	0.38	0.06	-0.84	0.10	0.25	0.01	-0.10	-0.10	0.31
Net Cash From Investing Activities	-0.03	-0.00	0.00	-0.22	-0.00	-0.21	-0.12	-0.10	-0.01	-0.01	-0.08
Net Cash From Continuing Investing Activities	-0.03	-0.00	0.00	-0.22	-0.00	-0.21	-0.12	-0.10	-0.01	-0.01	-0.08
Purchase of Property, Plant & Equipment	-0.03	-0.00	0.00	-0.05	-0.00	-0.01	-0.02	-0.00	-0.01	-0.02	-0.05
Acquisitions	-	-	0.00	-0.17	-	-0.20	-0.11	-0.10	-0.00	0.02	-0.03
Net Cash From Financing Activities	0.59	0.32	0.26	0.59	4.07	0.88	0.01	1.04	8.36	12	-0.73
Net Cash From Continuing Financing Activities	0.59	0.32	0.26	0.59	4.07	0.88	0.01	1.04	8.36	12	-0.73
Repayment of Debt	-0.01	-0.47	-0.01	-0.01	-0.00	-0.24	-0.01	-0.07	0.02	-0.01	-0.01
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-0.61	-0.73
Issuance of Debt	0.60	-0.22	0.28	0.11	0.13	-	0.02	0.06	0.05	0.01	0.01
Cash Interest Paid	-0.00	0.00	0.00	0.00	0.09	-0.00	0.00	0.00	0.00	0.00	0.00
Cash Income Taxes Paid	-	-	0.00	-	-	-	0.00	-	-	-	0.00

This table presents Safe Pro Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Total Assets	3.43	4.95	19
Total Current Assets	1.27	2.75	18
Cash & Equivalents	0.70	1.97	17
Inventories, net	0.36	0.34	0.62
Prepaid Expenses	0.05	0.31	0.42
Plant, Property, & Equipment, net	0.32	0.31	0.28
Total Noncurrent Assets	1.84	1.88	0.90
Intangible Assets	0.99	1.09	0.83
Other Noncurrent Operating Assets	0.16	0.11	0.07
Total Liabilities & Shareholders' Equity	3.43	4.95	19
Total Liabilities	1.65	1.08	1.40
Total Current Liabilities	1.42	0.89	1.25
Accounts Payable	0.17	0.12	0.46
Accrued Expenses	0.14	0.09	0.28
Current Deferred Revenue	-	-	0.02
Other Current Liabilities	0.90	0.57	0.49
Total Noncurrent Liabilities	0.24	0.18	0.15
Long-Term Debt	0.15	0.15	0.15
Other Noncurrent Operating Liabilities	0.09	0.04	0.00
Total Equity & Noncontrolling Interests	1.78	3.87	18
Total Preferred & Common Equity	1.78	3.87	18
Preferred Stock	0.00	0.00	0.00
Total Common Equity	1.78	3.87	18
Common Stock	8.60	18	47
Retained Earnings	-6.82	-14	-29
Treasury Stock	-	0.00	-0.68

This table presents Safe Pro Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	3.02	5.48	3.69	3.54	9.70	17
Total Current Assets	0.78	3.35	1.49	1.33	8.42	16
Cash & Equivalents	0.18	2.33	0.91	0.81	7.60	15
Inventories, net	0.36	0.38	0.31	0.31	0.49	0.45
Prepaid Expenses	0.19	0.42	0.24	0.18	0.29	0.25
Plant, Property, & Equipment, net	0.34	0.32	0.31	0.30	0.28	0.31
Total Noncurrent Assets	1.90	1.80	1.89	1.91	0.99	0.86
Intangible Assets	1.07	0.99	1.11	1.12	0.90	0.81
Other Noncurrent Operating Assets	0.15	0.13	0.09	0.11	0.09	0.05
Total Liabilities & Shareholders' Equity	3.02	5.48	3.69	3.54	9.70	17
Total Liabilities	2.49	1.24	1.04	0.97	1.26	1.32
Total Current Liabilities	2.28	1.05	0.87	0.81	1.11	1.17
Accounts Payable	0.23	0.23	0.23	0.17	0.26	0.46
Accrued Expenses	0.22	0.24	0.12	0.13	0.26	0.21
Current Deferred Revenue	-	0.07	0.03	-	0.07	0.03
Other Current Liabilities	1.17	0.45	0.48	0.51	0.51	0.47
Total Noncurrent Liabilities	0.21	0.19	0.17	0.16	0.15	0.15
Long-Term Debt	0.15	0.15	0.15	0.15	0.15	0.15
Other Noncurrent Operating Liabilities	0.06	0.05	0.03	0.02	0.00	0.00
Total Equity & Noncontrolling Interests	0.53	4.23	2.64	2.57	8.44	15
Total Preferred & Common Equity	0.53	4.23	2.64	2.57	8.44	15
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	0.53	4.23	2.64	2.57	8.44	15
Common Stock	9.71	17	21	23	34	48
Retained Earnings	-9.18	-13	-18	-20	-25	-31
Treasury Stock	-	-	-	-	-	-1.41

This table displays calculated financial ratios and metrics derived from Safe Pro Group's official financial filings.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	13,759,448.00	20,973,270.00
DEI Adjusted Shares Outstanding	0.00	13,759,448.00	20,973,270.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-0.54	-0.68
Growth Metrics	-	-	-
Revenue Growth	0.00%	136.37%	-72.03%
EBITDA Growth	0.00%	-8.70%	-113.65%
EBIT Growth	0.00%	-13.26%	-102.58%
NOPAT Growth	0.00%	-13.40%	-103.38%
Net Income Growth	0.00%	-17.64%	-92.81%
EPS Growth	0.00%	11.39%	-21.43%
Operating Cash Flow Growth	0.00%	-104.38%	-51.79%
Free Cash Flow Firm Growth	0.00%	0.00%	-55.93%
Invested Capital Growth	0.00%	68.15%	-52.68%
Revenue Q/Q Growth	0.00%	0.00%	-52.11%
EBITDA Q/Q Growth	0.00%	0.00%	-26.92%
EBIT Q/Q Growth	0.00%	0.00%	-25.56%
NOPAT Q/Q Growth	0.00%	0.00%	-26.06%
Net Income Q/Q Growth	0.00%	0.00%	-16.69%
EPS Q/Q Growth	0.00%	0.00%	-8.97%
Operating Cash Flow Q/Q Growth	0.00%	-23.47%	-35.73%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	2.32%
Profitability Metrics	-	-	-
Gross Margin	33.90%	41.77%	33.33%
EBITDA Margin	-661.88%	-304.40%	-2,325.29%
Operating Margin	-687.24%	-329.71%	-2,397.56%
EBIT Margin	-688.08%	-329.71%	-2,388.15%
Profit (Net Income) Margin	-688.08%	-342.46%	-2,360.84%
Tax Burden Percent	99.88%	100.00%	100.00%
Interest Burden Percent	100.12%	103.87%	98.86%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-362.17%	-306.32%	-674.38%
ROIC Less NNEP Spread (ROIC-NNEP)	-21.32%	-102.97%	-629.79%
Return on Net Nonoperating Assets (RNNOA)	6.69%	43.41%	541.71%
Return on Equity (ROE)	-355.48%	-262.92%	-132.67%
Cash Return on Invested Capital (CROIC)	0.00%	-357.15%	-602.86%
Operating Return on Assets (OROA)	-184.09%	-170.69%	-120.41%
Return on Assets (ROA)	-184.09%	-177.29%	-119.04%
Return on Common Equity (ROCE)	-355.36%	-262.89%	-132.67%
Return on Equity Simple (ROE_SIMPLE)	-355.48%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.41	-5.01	-10
NOPAT Margin	-481.07%	-230.80%	-1,678.29%
Net Nonoperating Expense Percent (NNEP)	-340.85%	-203.36%	-44.59%
Return On Investment Capital (ROIC_SIMPLE)	-229.66%	-124.52%	-57.00%
Cost of Revenue to Revenue	66.10%	58.23%	66.67%
SG&A Expenses to Revenue	409.58%	157.51%	1,265.66%
R&D to Revenue	40.72%	4.17%	64.98%
Operating Expenses to Revenue	721.14%	371.48%	2,430.88%
Earnings before Interest and Taxes (EBIT)	-6.31	-7.15	-14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-6.07	-6.60	-14
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.87	10.49	3.97
Price to Tangible Book Value (P/TBV)	49.24	19.35	4.17
Price to Revenue (P/Rev)	5.56	18.74	115.93
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.73	18.94	55.35
Enterprise Value to Revenue (EV/Rev)	4.95	17.90	88.49
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.08	0.04	0.01
Long-Term Debt to Equity	0.08	0.04	0.01
Financial Leverage	-0.31	-0.42	-0.86
Leverage Ratio	1.93	1.48	1.11
Compound Leverage Factor	1.93	1.54	1.10
Debt to Total Capital	7.59%	3.63%	0.82%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	7.59%	3.63%	0.82%
Preferred Equity to Total Capital	0.03%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	92.37%	96.37%	99.18%
Debt to EBITDA	-0.02	-0.02	-0.01
Net Debt to EBITDA	0.09	0.28	1.18
Long-Term Debt to EBITDA	-0.02	-0.02	-0.01
Debt to NOPAT	-0.03	-0.03	-0.01
Net Debt to NOPAT	0.13	0.36	1.64
Long-Term Debt to NOPAT	-0.03	-0.03	-0.01
Altman Z-Score	-6.79	14.77	26.67
Noncontrolling Interest Sharing Ratio	0.04%	0.01%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.90	3.08	14.33
Quick Ratio	0.61	2.34	13.43
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-5.84	-9.10
Operating Cash Flow to CapEx	-6,641.52%	-6,419.07%	-12,736.37%
Free Cash Flow to Firm to Interest Expense	0.00	-19.04	-709.27
Operating Cash Flow to Interest Expense	-243.57	-13.36	-484.40
Operating Cash Flow Less CapEx to Interest Expense	-247.24	-13.57	-488.21
Efficiency Ratios	-	-	-
Asset Turnover	0.27	0.52	0.05
Accounts Receivable Turnover	5.62	15.12	0.00
Inventory Turnover	1.69	3.60	0.85
Fixed Asset Turnover	2.86	6.82	2.03
Accounts Payable Turnover	3.59	8.74	1.39
Days Sales Outstanding (DSO)	64.96	24.15	0.00
Days Inventory Outstanding (DIO)	216.10	101.32	431.81
Days Payable Outstanding (DPO)	101.73	41.74	262.18
Cash Conversion Cycle (CCC)	179.33	83.73	169.63
Capital & Investment Metrics	-	-	-
Invested Capital	1.22	2.05	0.97
Invested Capital Turnover	0.75	1.33	0.40
Increase / (Decrease) in Invested Capital	0.00	0.83	-1.08
Enterprise Value (EV)	4.54	39	54
Market Capitalization	5.10	41	70
Book Value per Share	$0.22	$0.28	$0.84
Tangible Book Value per Share	$0.01	$0.15	$0.81
Total Capital	1.92	4.02	18
Total Debt	0.15	0.15	0.15
Total Long-Term Debt	0.15	0.15	0.15
Net Debt	-0.56	-1.82	-17
Capital Expenditures (CapEx)	0.03	0.06	0.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.85	-0.11	-0.12
Debt-free Net Working Capital (DFNWC)	-0.14	1.86	17
Net Working Capital (NWC)	-0.14	1.86	17
Net Nonoperating Expense (NNE)	1.90	2.42	4.14
Net Nonoperating Obligations (NNO)	-0.56	-1.82	-17
Total Depreciation and Amortization (D&A)	0.24	0.55	0.38
Debt-free, Cash-free Net Working Capital to Revenue	-92.21%	-5.28%	-19.04%
Debt-free Net Working Capital to Revenue	-15.56%	85.57%	2,748.99%
Net Working Capital to Revenue	-15.56%	85.57%	2,748.99%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.70)	($0.85)
Adjusted Weighted Average Basic Shares Outstanding	0.00	10.61M	16.91M
Adjusted Diluted Earnings per Share	$0.00	($0.70)	($0.85)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	10.61M	16.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	15.17M	20.89M
Normalized Net Operating Profit after Tax (NOPAT)	-4.41	-5.01	-9.60
Normalized NOPAT Margin	-481.07%	-230.80%	-1,582.42%
Pre Tax Income Margin	-688.92%	-342.46%	-2,360.84%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-767.55	-23.33	-1,129.00
NOPAT to Interest Expense	-536.63	-16.33	-793.41
EBIT Less CapEx to Interest Expense	-771.22	-23.54	-1,132.80
NOPAT Less CapEx to Interest Expense	-540.30	-16.54	-797.22
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-4.28%

This table displays calculated financial ratios and metrics derived from Safe Pro Group's official financial filings.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	0.00	0.00	0.00	13,680,249.00	13,759,448.00	15,172,185.00	15,172,185.00	16,168,352.00	20,973,270.00	20,889,586.00
DEI Adjusted Shares Outstanding	0.00	0.00	0.00	13,680,249.00	13,759,448.00	15,172,185.00	15,172,185.00	16,168,352.00	20,973,270.00	20,889,586.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	0.00	-0.27	-0.10	-0.26	-0.13	-0.31	-0.16	-0.13
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	524.21%	102.24%	0.00%	-39.93%	-85.57%	-69.34%	-74.35%	560.24%
EBITDA Growth	0.00%	0.00%	-47.22%	-437.39%	0.00%	-292.20%	-79.44%	-47.88%	-173.46%	26.70%
EBIT Growth	0.00%	0.00%	-53.74%	-422.26%	0.00%	-266.50%	-70.92%	-41.36%	-155.75%	26.63%
NOPAT Growth	0.00%	0.00%	-53.74%	-422.26%	0.00%	-269.23%	-71.30%	-18.79%	-214.42%	27.17%
Net Income Growth	0.00%	0.00%	-66.09%	-442.15%	0.00%	-246.63%	-57.59%	-35.95%	-148.00%	29.55%
EPS Growth	0.00%	0.00%	-55.56%	-277.78%	0.00%	-107.69%	7.14%	14.71%	-77.78%	48.15%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	-227.62%	-309.10%	-65.80%	-70.89%	16.19%	-158.83%	-25.08%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-89.11%	59.16%	0.00%	81.12%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	212.00%	-53.65%	-52.68%	-62.38%
Revenue Q/Q Growth	58.77%	0.00%	109.00%	-48.56%	168.41%	-79.18%	-49.81%	9.35%	124.51%	435.84%
EBITDA Q/Q Growth	9.69%	0.00%	-2.10%	-229.64%	61.37%	-201.66%	53.29%	-171.66%	28.57%	19.14%
EBIT Q/Q Growth	7.14%	0.00%	-3.50%	-215.47%	60.41%	-183.55%	51.73%	-160.91%	28.38%	18.65%
NOPAT Q/Q Growth	7.14%	0.00%	-3.50%	-215.47%	60.41%	-185.66%	51.98%	-118.77%	-4.78%	33.83%
Net Income Q/Q Growth	7.07%	0.00%	-6.21%	-203.35%	62.44%	-186.44%	51.71%	-161.70%	31.49%	18.62%
EPS Q/Q Growth	0.00%	0.00%	-7.69%	-142.86%	73.53%	-200.00%	51.85%	-123.08%	44.83%	12.50%
Operating Cash Flow Q/Q Growth	0.00%	-125.53%	-4.13%	-222.19%	45.93%	8.60%	-7.33%	-58.01%	-66.98%	55.83%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-223.80%	100.00%	0.00%	43.36%	30.07%	-8.57%	56.09%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	234.50%	0.22%	-9.19%	2.49%	-50.31%	2.32%	-27.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.18%	41.35%	28.71%	40.58%	51.82%	33.31%	34.02%	33.12%	33.14%	68.06%
EBITDA Margin	-378.15%	-320.95%	-156.80%	-1,004.82%	-144.61%	-2,095.60%	-1,950.48%	-4,845.75%	-1,541.74%	-232.64%
Operating Margin	-414.69%	-352.63%	-174.62%	-1,070.90%	-157.95%	-2,167.56%	-2,073.62%	-4,148.64%	-1,936.22%	-239.11%
EBIT Margin	-414.69%	-352.63%	-174.62%	-1,070.90%	-157.95%	-2,151.53%	-2,069.01%	-4,936.90%	-1,574.93%	-239.11%
Profit (Net Income) Margin	-415.65%	-371.80%	-188.95%	-1,114.25%	-155.92%	-2,145.55%	-2,064.15%	-4,940.11%	-1,507.59%	-228.95%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	100.23%	105.44%	108.20%	104.05%	98.72%	99.72%	99.76%	100.07%	95.72%	95.75%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-117.01%	-3,336.14%	-1,724.16%	-2,458.08%	-544.62%	-214.58%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-94.94%	-3,039.20%	-1,528.07%	-2,415.41%	-540.89%	-204.89%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	44.71%	899.11%	285.80%	1,844.94%	465.24%	175.83%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	-72.29%	-2,437.03%	-1,438.36%	-613.14%	-79.38%	-38.75%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-284.78%	0.00%	0.00%	0.00%	-602.86%	-644.84%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	-81.77%	-1,194.26%	-944.05%	-824.40%	-79.41%	-38.45%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	-80.72%	-1,190.94%	-941.83%	-824.93%	-76.01%	-36.81%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	-72.29%	-2,437.03%	-1,438.06%	-613.14%	-79.38%	-38.75%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.47	-0.76	-0.79	-2.48	-0.98	-2.80	-1.35	-2.95	-3.09	-2.04
NOPAT Margin	-290.29%	-246.84%	-122.24%	-749.63%	-110.56%	-1,517.29%	-1,451.53%	-2,904.05%	-1,355.36%	-167.37%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	1,071.77%	-110.20%	-22.07%	-296.94%	-196.09%	-42.67%	-3.73%	-9.69%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-99.82%	-56.61%	-24.41%	-100.52%	-49.62%	-34.31%	-17.28%	-13.12%
Cost of Revenue to Revenue	61.82%	58.65%	71.29%	59.42%	48.18%	66.69%	65.98%	66.88%	66.86%	31.94%
SG&A Expenses to Revenue	161.66%	210.02%	134.83%	256.70%	118.78%	1,059.52%	1,522.49%	2,731.95%	675.24%	137.76%
R&D to Revenue	55.97%	27.88%	0.00%	0.00%	0.52%	0.00%	19.27%	108.22%	117.07%	29.54%
Operating Expenses to Revenue	452.88%	393.98%	203.33%	1,111.49%	209.77%	2,200.87%	2,107.64%	4,181.76%	1,969.36%	307.17%
Earnings before Interest and Taxes (EBIT)	-0.68	-1.08	-1.12	-3.54	-1.40	-3.98	-1.92	-5.01	-3.59	-2.92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.62	-0.99	-1.01	-3.32	-1.28	-3.87	-1.81	-4.91	-3.51	-2.84
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	9.61	7.36	10.49	12.13	16.29	14.21	3.97	5.10
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	12.16	19.35	37.78	54.81	15.92	4.17	5.38
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	18.74	15.67	27.96	94.69	115.93	47.88
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	8.47	14.16	18.94	16.82	21.58	118.68	55.35	91.35
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	17.90	15.30	27.52	88.81	88.49	38.95
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.48	0.03	0.04	0.06	0.06	0.02	0.01	0.01
Long-Term Debt to Equity	0.00	0.00	0.27	0.03	0.04	0.06	0.06	0.02	0.01	0.01
Financial Leverage	0.00	0.00	0.15	-0.52	-0.47	-0.30	-0.19	-0.76	-0.86	-0.86
Leverage Ratio	0.00	0.00	5.68	1.29	1.48	1.39	2.12	1.20	1.11	1.13
Compound Leverage Factor	0.00	0.00	6.15	1.35	1.46	1.39	2.11	1.20	1.07	1.08
Debt to Total Capital	0.00%	0.00%	32.51%	3.33%	3.63%	5.23%	5.38%	1.70%	0.82%	0.94%
Short-Term Debt to Total Capital	0.00%	0.00%	13.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	18.54%	3.33%	3.63%	5.23%	5.38%	1.70%	0.82%	0.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	67.41%	96.67%	96.37%	94.77%	94.62%	98.30%	99.18%	99.06%
Debt to EBITDA	0.00	0.00	0.00	0.00	-0.02	-0.02	-0.01	-0.01	-0.01	-0.01
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.28	0.08	0.06	0.67	1.18	1.12
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	-0.02	-0.02	-0.01	-0.01	-0.01	-0.01
Debt to NOPAT	0.00	0.00	0.00	0.00	-0.03	-0.02	-0.02	-0.02	-0.01	-0.02
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.36	0.11	0.09	0.92	1.64	1.56
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-0.03	-0.02	-0.02	-0.02	-0.01	-0.02
Altman Z-Score	0.00	0.00	0.00	0.00	18.60	8.73	16.66	53.00	28.56	33.70
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.02%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.34	3.19	3.08	1.70	1.64	7.60	14.33	13.28
Quick Ratio	0.00	0.00	0.10	2.44	2.34	1.05	1.04	6.85	13.43	12.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-1.40	-4.52	0.00	-4.67	-2.64	-1.85	-2.01	-0.88
Operating Cash Flow to CapEx	-2,023.21%	0.00%	-1,161.71%	-65,984.49%	-10,303.27%	-5,161.13%	-36,266.59%	-31,935.53%	-11,710.22%	-2,443.94%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-15.17	-29.48	0.00	-2,836.07	-802.47	-568.10	-432.23	-294.06
Operating Cash Flow to Interest Expense	-371.43	-9.63	-6.42	-12.42	-525.41	-572.49	-306.94	-490.96	-574.49	-393.18
Operating Cash Flow Less CapEx to Interest Expense	-389.78	-9.63	-6.97	-12.44	-530.51	-583.59	-307.79	-492.50	-579.39	-409.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.52	0.56	0.46	0.17	0.05	0.16
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	15.12	0.00	37.43	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	3.60	3.84	2.41	1.57	0.85	1.75
Fixed Asset Turnover	0.00	0.00	0.00	0.00	6.82	6.51	4.70	4.18	2.03	5.28
Accounts Payable Turnover	0.00	0.00	0.00	0.00	8.74	5.33	4.08	2.75	1.39	1.95
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	24.15	0.00	9.75	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	101.32	94.96	151.40	233.19	431.81	208.77
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	41.74	68.43	89.37	132.82	262.18	187.60
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	83.73	26.53	71.79	100.37	169.63	21.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.61	2.05	2.05	1.86	1.91	0.95	0.97	0.70
Invested Capital Turnover	0.00	0.00	0.00	0.00	1.06	2.20	1.19	0.85	0.40	1.28
Increase / (Decrease) in Invested Capital	0.00	0.00	0.61	2.05	0.00	1.86	1.30	-1.10	-1.08	-1.16
Enterprise Value (EV)	0.00	0.00	5.18	29	39	31	41	112	54	64
Market Capitalization	5.10	5.10	5.10	31	41	32	42	120	70	79
Book Value per Share	$0.00	$0.00	$0.06	$0.31	$0.28	$0.17	$0.17	$0.52	$0.84	$0.74
Tangible Book Value per Share	$0.00	$0.00	($0.14)	$0.19	$0.15	$0.06	$0.05	$0.47	$0.81	$0.70
Total Capital	0.00	0.00	0.79	4.38	4.02	2.79	2.71	8.59	18	16
Total Debt	0.00	0.00	0.26	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Total Long-Term Debt	0.00	0.00	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Net Debt	0.00	0.00	0.08	-2.19	-1.82	-0.77	-0.66	-7.45	-17	-15
Capital Expenditures (CapEx)	0.03	0.00	0.05	0.00	0.01	0.02	0.00	0.01	0.02	0.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	-1.57	-0.03	-0.11	-0.30	-0.28	-0.28	-0.12	-0.41
Debt-free Net Working Capital (DFNWC)	0.00	0.00	-1.39	2.30	1.86	0.61	0.52	7.31	17	14
Net Working Capital (NWC)	0.00	0.00	-1.50	2.30	1.86	0.61	0.52	7.31	17	14
Net Nonoperating Expense (NNE)	0.21	0.38	0.43	1.21	0.40	1.16	0.57	2.07	0.35	0.75
Net Nonoperating Obligations (NNO)	0.00	0.00	0.08	-2.19	-1.82	-0.78	-0.66	-7.49	-17	-15
Total Depreciation and Amortization (D&A)	0.06	0.10	0.11	0.22	0.12	0.10	0.11	0.09	0.08	0.08
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	-5.28%	-14.59%	-18.96%	-22.34%	-19.04%	-24.84%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	85.57%	29.99%	34.89%	577.38%	2,748.99%	876.62%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	85.57%	29.99%	34.89%	577.38%	2,748.99%	876.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.14)	($0.34)	($0.09)	($0.27)	($0.13)	($0.29)	($0.16)	($0.14)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	8.90M	10.78M	10.61M	14.75M	15.21M	17.09M	16.91M	20.63M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.14)	($0.34)	($0.09)	($0.27)	($0.13)	($0.29)	($0.16)	($0.14)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	8.90M	10.78M	10.61M	14.75M	15.21M	17.09M	16.91M	20.63M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	13.68M	13.76M	15.17M	15.17M	16.17M	20.97M	20.89M	20.62M
Normalized Net Operating Profit after Tax (NOPAT)	-0.47	-0.76	-0.79	-2.48	-0.98	-2.80	-1.35	-2.95	-3.09	-2.04
Normalized NOPAT Margin	-290.29%	-246.84%	-122.24%	-749.63%	-110.56%	-1,517.29%	-1,451.53%	-2,904.05%	-1,355.36%	-167.37%
Pre Tax Income Margin	-415.65%	-371.80%	-188.95%	-1,114.25%	-155.92%	-2,145.55%	-2,064.15%	-4,940.11%	-1,507.59%	-228.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-433.09	-18.40	-12.19	-23.08	-715.06	-2,417.07	-582.77	-1,539.23	-772.55	-973.76
NOPAT to Interest Expense	-303.16	-12.88	-8.53	-16.16	-500.54	-1,704.55	-408.85	-905.42	-664.84	-681.63
EBIT Less CapEx to Interest Expense	-451.45	-18.40	-12.74	-23.10	-720.16	-2,428.16	-583.62	-1,540.76	-777.46	-989.85
NOPAT Less CapEx to Interest Expense	-321.52	-12.88	-9.08	-16.18	-505.64	-1,715.64	-409.70	-906.96	-669.75	-697.72
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4.28%	-10.22%

Financials Breakdown Chart

Key Financial Trends

Safe Pro Group (NASDAQ: SPAI) continues to show rapid revenue growth, but profitability remains a major challenge. Over the past four quarters, the company has materially expanded revenue, improved its cash position, and finished Q1 2026 with a sizable balance sheet cushion. However, losses remain large, operating expenses still far exceed gross profit, and the business has relied heavily on equity financing to support operations.

Revenue has grown sharply year over year. Q1 2026 revenue was $1.22 million, up from $184.8 thousand in Q1 2025 and $101.4 thousand in Q3 2025. That suggests the business is scaling meaningfully.
Cash and equivalents jumped to $14.8 million in Q1 2026. That is a major increase from $7.6 million in Q3 2025 and gives the company a much stronger liquidity position than it had earlier in the year.
Current assets now comfortably exceed current liabilities. Q1 2026 current assets were $15.6 million versus current liabilities of $1.17 million, which is a solid short-term liquidity profile.
Gross profit remains positive and expanded in absolute dollars. Q1 2026 gross profit was $830 thousand, compared with just $75 thousand in Q4 2025 and $34 thousand in Q3 2025.
Operating cash burn improved versus prior quarters. Q1 2026 operating cash outflow was $1.18 million, better than the $2.67 million outflow in Q4 2025 and the $1.60 million outflow in Q3 2025.
The company has been adding to R&D and other operating investments. R&D and other operating expense items have fluctuated significantly, which may support product development but also increases earnings pressure.
Book equity improved materially in late 2025 and Q1 2026. Total common equity rose to $15.4 million in Q1 2026 from $8.4 million in Q3 2025, helped by financing and balance sheet growth.
The company is still deeply unprofitable. Q1 2026 net loss was $2.79 million, following a $3.43 million loss in Q4 2025 and a $5.01 million loss in Q3 2025.
Operating expenses are far above gross profit. In Q1 2026, operating expenses totaled $3.75 million versus gross profit of $830 thousand, leading to an operating loss of $2.92 million.
Past growth has been accompanied by heavy dilution and equity financing. Shares outstanding have climbed materially over the last year, and Q3/Q4 2025 cash flow shows large common equity issuance to fund the business.

Bottom line: Safe Pro Group has shown encouraging revenue momentum and a much stronger cash position, but the company is not yet close to consistent profitability. For retail investors, the key question is whether revenue growth can continue accelerating while operating expenses eventually come under control. Until then, SPAI looks like a high-risk, high-execution-name rather than a fundamentally proven earnings story.

07/17/26 06:38 AM ETAI Generated. May Contain Errors.

Safe Pro Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Safe Pro Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Safe Pro Group's net income appears to be on an upward trend, with a most recent value of -$14.32 million in 2025, rising from -$6.31 million in 2023. The previous period was -$7.43 million in 2024. Find out what analysts predict for Safe Pro Group in the coming months.

Safe Pro Group's total operating income in 2025 was -$14.55 million, based on the following breakdown:

Total Gross Profit: $202.18 thousand
Total Operating Expenses: $14.75 million

Over the last 2 years, Safe Pro Group's total revenue changed from $917.72 thousand in 2023 to $606.68 thousand in 2025, a change of -33.9%.

Safe Pro Group's total liabilities were at $1.40 million at the end of 2025, a 30.0% increase from 2024, and a 15.5% decrease since 2023.

In the past 2 years, Safe Pro Group's cash and equivalents has ranged from $703.37 thousand in 2023 to $16.79 million in 2025, and is currently $16.79 million as of their latest financial filing in 2025.

Over the last 2 years, Safe Pro Group's book value per share changed from 0.22 in 2023 to 0.84 in 2025, a change of 279.8%.

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Financial statements for NASDAQ:SPAI last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Safe Pro Group (SPAI) Financials

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Safe Pro Group (SPAI) Financials

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Financials Breakdown Chart

Key Financial Trends

Safe Pro Group Financials - Frequently Asked Questions

When does Safe Pro Group's financial year end?

How has Safe Pro Group's net income changed over the last 2 years?

What is Safe Pro Group's operating income?

How has Safe Pro Group's revenue changed over the last 2 years?

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How has Safe Pro Group's book value per share changed over the last 2 years?

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