NASDAQ : SPAI
Safe Pro Group Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 3.2 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 65.16M
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Financial statements
Safe Pro Group Inc. (SPAI) reported revenue of 2.88M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | 2.88M | 606.68K | 2.17M | 917.72K | 1.15M |
| Cost of Revenue | 1.00M | 327.98K | 1.19M | 606.64K | 632.07K |
| Gross Profit | 1.88M | 278.70K | 974.52K | 311.08K | 518.54K |
| Selling, General & Admin | 14.59M | 13.22M | 7.70M | 6.06M | 945.50K |
| Research & Development | 929.16K | 394.21K | 90.37K | 373.65K | |
| Operating Expenses | 15.85M | 13.99M | 8.13M | 6.62M | 1.02M |
| Operating Income | -13.97M | -13.71M | -7.15M | -6.31M | -502.84K |
| Interest Expense | -12.59K | -12.83K | -306.52K | -8.23K | -4.84K |
| Interest & Investment Income | 389.27K | 178.48K | 30.06K | 508.00 | 44.00 |
| Other Non Operating Income (Expenses) | 23.22K | 57.11K | |||
| EBT Excluding Unusual Items | -13.57M | -13.49M | -7.43M | -6.31M | -507.64K |
| Impairment of Goodwill | -684.87K | -684.87K | |||
| Asset Writedown | -146.00K | -146.00K | |||
| Pretax Income | -14.41M | -14.32M | -7.43M | -6.31M | -507.64K |
| Net Income | -14.41M | -14.32M | -7.43M | -6.31M | -507.64K |
| Net Income to Common | -14.41M | -14.32M | -7.43M | -6.31M | -507.64K |
| Shares Outstanding (Basic) | 19.70M | 16.91M | 10.61M | 7.98M | 5.28M |
| Shares Outstanding (Diluted) | 19.70M | 16.91M | 10.61M | 7.98M | 5.28M |
| EPS (Basic) | -0.73 | -0.85 | -0.70 | -0.79 | -0.10 |
| EPS (Diluted) | -0.73 | -0.85 | -0.70 | -0.79 | -0.10 |
| Free Cash Flow | -8.42M | -6.27M | -4.16M | -2.03M | 1.05M |
| Free Cash Flow Per Share | -0.43 | -0.37 | -0.39 | -0.26 | 0.20 |
| Gross Margin | 65.19% | 45.94% | 44.93% | 33.90% | 45.07% |
| Operating Margin | -485.01% | -2,260.61% | -329.71% | -687.24% | -43.70% |
| Profit Margin | -499.96% | -2,360.84% | -342.45% | -688.08% | -44.12% |
| Free Cash Flow Margin | -292.35% | -1,032.70% | -191.74% | -221.64% | 91.50% |
| EBITDA | -13.62M | -13.33M | -6.81M | -6.07M | -397.49K |
| EBITDA Margin | -34.55% | ||||
| D&A For EBITDA | 350.12K | 381.33K | 341.08K | 239.01K | 105.36K |
| EBIT | -13.97M | -13.71M | -7.15M | -6.31M | -502.84K |
| EBIT Margin | -43.70% | ||||
| Revenue as Reported | 2.88M | 606.68K | 2.17M | 917.72K | 1.15M |
| Advertising Expenses | 169.65K | 197.57K | 9.60K | 5.69K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 10.23M | 16.79M | 1.97M | 703.37K | 1.75M |
| Cash & Short-Term Investments | 10.23M | 16.79M | 1.97M | 703.37K | 1.75M |
| Receivables | 1.25M | 100.03K | 123.69K | 163.33K | 102.18K |
| Inventory | 757.45K | 615.02K | 342.06K | 359.16K | 364.24K |
| Prepaid Expenses | 140.17K | 420.31K | 313.66K | 48.05K | 136.10K |
| Total Current Assets | 12.38M | 17.93M | 2.75M | 1.27M | 2.35M |
| Property, Plant & Equipment | 359.67K | 342.10K | 416.50K | 474.33K | 566.65K |
| Goodwill | 684.87K | 684.87K | 684.87K | ||
| Other Intangible Assets | 781.55K | 834.46K | 1.09M | 987.29K | 622.60K |
| Other Long-Term Assets | 9.80K | 9.80K | 9.80K | 9.80K | 9.80K |
| Total Assets | 13.53M | 19.11M | 4.95M | 3.43M | 4.24M |
| Accounts Payable | 529.96K | 461.31K | 119.81K | 169.08K | 51.04K |
| Accrued Expenses | 229.94K | 278.12K | 205.61K | 345.11K | 294.09K |
| Short-Term Debt | 432.53K | 437.36K | 421.62K | 405.55K | |
| Current Portion of Long-Term Debt | 343.80K | ||||
| Current Portion of Leases | 16.48K | 55.16K | 63.12K | 68.52K | 62.54K |
| Current Unearned Revenue | 203.77K | 18.90K | 83.77K | 84.67K | 43.98K |
| Other Current Liabilities | 900.65K | ||||
| Total Current Liabilities | 1.41M | 1.25M | 893.93K | 1.42M | 1.35M |
| Long-Term Debt | 146.00K | 146.00K | 146.00K | 146.00K | 146.00K |
| Long-Term Leases | 947.00 | 35.59K | 91.11K | 159.63K | |
| Total Liabilities | 1.56M | 1.40M | 1.08M | 1.65M | 1.66M |
| Common Stock | 2.10K | 2.09K | 1.45K | 873.00 | 751.00 |
| Additional Paid-In Capital | 49.51M | 46.96M | 18.12M | 8.60M | 3.09M |
| Retained Earnings | -34.54M | -28.57M | -14.25M | -6.82M | -507.64K |
| Treasury Stock | -3.01M | -676.03K | |||
| Total Common Equity | 11.97M | 17.72M | 3.87M | 1.78M | 2.58M |
| Shareholders' Equity | 11.97M | 17.72M | 3.87M | 1.78M | 2.58M |
| Total Liabilities & Equity | 13.53M | 19.11M | 4.95M | 3.43M | 4.24M |
| Total Debt | 595.01K | 639.47K | 666.33K | 1.05M | 368.17K |
| Net Cash (Debt) | 9.64M | 16.15M | 1.30M | -351.62K | 1.38M |
| Net Cash Per Share | 0.49 | 0.96 | 0.12 | -0.04 | 0.26 |
| Filing Date Shares Outstanding | 20.36M | 20.74M | 15.17M | 8.73M | 5.28M |
| Total Common Shares Outstanding | 20.36M | 20.74M | 14.53M | 8.73M | 5.28M |
| Working Capital | 10.97M | 16.68M | 1.86M | -142.82K | 1.00M |
| Book Value Per Share | 0.59 | 0.85 | 0.27 | 0.20 | 0.49 |
| Tangible Book Value | 11.19M | 16.88M | 2.10M | 103.57K | 1.27M |
| Tangible Book Value Per Share | 0.55 | 0.81 | 0.14 | 0.01 | 0.24 |
| Machinery | 619.91K | 511.57K | 462.76K | 408.96K | 378.79K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | -14.41M | -14.32M | -7.43M | -6.31M | -507.64K |
| Depreciation & Amortization | 335.79K | 381.33K | 341.08K | 239.01K | 105.36K |
| Other Amortization | 208.01K | 1.45K | |||
| Asset Writedown & Restructuring Costs | 830.87K | 830.87K | |||
| Stock-Based Compensation | 6.00M | 6.91M | 2.85M | 3.83M | 221.97K |
| Other Operating Activities | 232.19K | 1.88K | 2.60K | ||
| Change in Accounts Receivable | -1.21M | 23.66K | 39.64K | -61.15K | 1.56M |
| Change in Inventory | -451.16K | -272.96K | 17.10K | 5.08K | -297.10K |
| Change in Accounts Payable | 298.65K | 278.87K | -49.27K | 118.04K | -44.14K |
| Change in Unearned Revenue | 158.37K | -64.87K | -902.00 | 40.69K | 43.98K |
| Change in Other Net Operating Assets | 161.88K | 22.42K | -307.47K | 139.07K | -6.14K |
| Operating Cash Flow | -8.29M | -6.22M | -4.10M | -2.00M | 1.08M |
| Capital Expenditures | -136.11K | -48.81K | -63.80K | -30.17K | -26.34K |
| Cash Acquisitions | 195.90K | ||||
| Sale (Purchase) of Intangibles | -51.20K | -192.54K | -372.59K | ||
| Investing Cash Flow | -187.31K | -241.35K | -436.39K | -30.17K | 169.56K |
| Short-Term Debt Issued | 141.87K | 275.00K | 773.36K | 143.00K | |
| Long-Term Debt Issued | 236.50K | ||||
| Total Debt Issued | 75.78K | 141.87K | 511.50K | 773.36K | 143.00K |
| Short-Term Debt Repaid | -69.59K | -23.04K | -793.46K | -814.89K | |
| Long-Term Debt Repaid | -236.50K | ||||
| Total Debt Repaid | -3.89K | -69.59K | -259.54K | -793.46K | -814.89K |
| Net Debt Issued (Repaid) | 71.89K | 72.28K | 251.96K | -20.10K | -671.89K |
| Issuance of Common Stock | 21.24M | 21.24M | 5.55M | 1.01M | 1.18M |
| Repurchase of Common Stock | -3.41M | -1.08M | |||
| Financing Cash Flow | 17.90M | 21.28M | 5.80M | 985.15K | 503.61K |
| Net Cash Flow | 9.42M | 14.82M | 1.27M | -1.05M | 1.75M |
| Free Cash Flow | -8.42M | -6.27M | -4.16M | -2.03M | 1.05M |
| Free Cash Flow Margin | -292.35% | -1,032.70% | -191.74% | -221.64% | 91.50% |
| Free Cash Flow Per Share | -0.43 | -0.37 | -0.39 | -0.26 | 0.20 |
| Levered Free Cash Flow | -3.60M | -1.54M | -1.85M | -568.90K | |
| Unlevered Free Cash Flow | -3.60M | -1.53M | -1.87M | -565.21K | |
| Cash Interest Paid | 7.89K | 8.56K | 93.31K | 5.03K | |
| Change in Working Capital | -1.04M | -12.89K | -300.90K | 241.73K | 1.26M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 65.16M | 87.25M | 52.70M | ||
| Enterprise Value | 55.53M | 79.87M | 51.01M | ||
| Last Close Price | 3.20 | 4.16 | 3.83 | ||
| PS Ratio | 22.61 | 143.81 | 24.29 | ||
| PB Ratio | 5.44 | 4.92 | 13.60 | ||
| P/TBV Ratio | 5.82 | 5.17 | 25.08 | ||
| EV/Sales Ratio | 19.27 | 131.66 | 23.52 | ||
| Debt / Equity Ratio | 0.05 | 0.04 | 0.17 | 0.59 | 0.14 |
| Debt / FCF Ratio | 0.35 | ||||
| Net Debt / Equity Ratio | -0.81 | -0.91 | -0.34 | 0.20 | -0.54 |
| Net Debt / EBITDA Ratio | 0.71 | 1.21 | 0.19 | -0.06 | 3.48 |
| Net Debt / FCF Ratio | 1.14 | 2.58 | 0.31 | -0.17 | -1.31 |
| Asset Turnover | 0.34 | 0.05 | 0.52 | 0.24 | |
| Inventory Turnover | 1.89 | 0.69 | 3.41 | 1.68 | |
| Quick Ratio | 8.13 | 13.51 | 2.34 | 0.61 | 1.37 |
| Current Ratio | 8.76 | 14.33 | 3.08 | 0.90 | 1.74 |
| Return on Equity (ROE) | -198.18% | -132.67% | -262.92% | -289.85% | |
| Return on Assets (ROA) | -102.34% | -71.24% | -106.68% | -102.80% | |
| Return on Capital Employed (ROCE) | -115.30% | -76.80% | -176.30% | -313.20% | -17.40% |
| Earnings Yield | -22.85% | -16.42% | -14.10% | ||
| FCF Yield | -12.93% | -7.18% | -7.89% | ||
| Buyback Yield / Dilution | -44.00% | -59.30% | -32.92% | -51.09% |