SPAI · Safe Pro Group Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.22M | - | $101.4K | $92.8K | $307.7K | - | $330.8K | $643.0K |
| Cost of Revenue | $389.7K | - | $67.8K | $61.2K | $180.4K | - | $196.5K | $69.2K |
| Gross Profit | $830.4K | - | $33.6K | $31.6K | $127.2K | - | $62.4K | $184.6K |
| R&D | $360.4K | - | $109.8K | $17.9K | $85.8K | - | $91.5K | $130.5K |
| SG&A | $758.6K | - | $602.7K | $370.8K | $185.4K | - | $418.4K | $249.5K |
| Total Operating Expenses | $3.75M | - | $4.24M | $1.95M | $1.21M | - | $3.68M | $764.1K |
| D&A | $78.8K | - | $92.5K | $109.9K | $60.7K | - | $59.8K | $62.4K |
| Operating Income | ($2.92M) | - | ($4.21M) | ($1.92M) | ($1.08M) | - | ($3.54M) | ($730.3K) |
| Interest Expense | $3.0K | - | $3.3K | $3.3K | $59.0K | - | $1.6K | $1.2K |
| Income Tax | - | - | - | - | - | - | - | - |
| Net Income | ($2.79M) | - | ($5.01M) | ($1.91M) | ($1.14M) | - | ($3.69M) | ($731.5K) |
| EPS - Basic | ($0.14) | - | ($0.29) | ($0.13) | ($0.13) | - | ($0.09) | ($0.09) |
| EPS - Diluted | ($0.14) | - | ($0.29) | ($0.13) | ($0.13) | - | ($0.34) | ($0.14) |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.80M | $16.79M | $7.60M | $805.6K | $912.2K | $1.97M | $640.1K | $1.75M |
| Accounts Receivable | $61.7K | $100.0K | - | $38.6K | $15.8K | $123.7K | $221.5K | $163.3K |
| Inventory | $453.8K | $615.0K | $493.5K | $306.3K | $313.7K | $342.1K | $375.3K | $364.6K |
| Accounts Payable | $463.6K | $461.3K | $261.1K | $168.7K | $226.1K | $119.8K | $233.7K | $169.1K |
| Current Assets | $15.57M | $17.93M | $8.42M | $1.33M | $1.49M | $2.75M | $3.35M | $776.4K |
| Total Assets | $16.74M | $19.11M | $9.70M | $3.54M | $3.69M | $4.95M | $5.48M | $3.02M |
| Current Liabilities | $1.17M | $1.25M | $1.11M | $809.9K | $872.0K | $893.9K | $1.05M | $2.28M |
| Long-term Debt | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $146.0K | $256.0K |
| Total Liabilities | $1.32M | $1.40M | $1.26M | $972.1K | $1.04M | $1.08M | $1.24M | $2.49M |
| Stockholders' Equity | $15.42M | $17.72M | $8.44M | $2.57M | $2.64M | $3.87M | $2.33M | $2.42M |
| Retained Earnings | ($31.37M) | ($28.57M) | ($25.14M) | ($20.13M) | ($18.22M) | ($14.25M) | ($12.87M) | ($9.18M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.18M) | - | - | - | ($568.0K) | - | - | - |
| Investing Cash Flow | ($81.7K) | - | - | - | ($123.4K) | - | - | - |
| Financing Cash Flow | ($731.4K) | - | - | - | $264.3K | - | - | - |
| CapEx | $48.2K | - | - | - | $18.2K | - | - | - |
| Free Cash Flow | ($1.23M) | - | - | - | ($586.3K) | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||
| Gross margin | 68.1% | - | 33.1% | 34.0% | 41.4% | - | 18.9% | 28.7% |
| Operating margin | -239.1% | - | -4148.6% | -2073.6% | -352.6% | - | -1070.9% | -113.6% |
| EBITDA margin | -232.6% | - | -4057.5% | -1955.1% | -332.9% | - | -1052.8% | -103.9% |
| Net margin | -228.9% | - | -4940.1% | -2064.1% | -371.8% | - | -1114.3% | -113.8% |
| Free cash flow margin | -100.5% | - | - | - | -190.6% | - | - | - |
| FCF / Net income | 0.44 | - | - | - | 0.51 | - | - | - |
| R&D / Revenue | 29.5% | - | 108.2% | 19.3% | 27.9% | - | 27.7% | 20.3% |
| SG&A / Revenue | 62.2% | - | 594.3% | 399.8% | 60.3% | - | 126.5% | 38.8% |
| Effective tax rate | - | - | - | - | - | - | - | - |
| Return on assets | -16.7% | - | -51.7% | -54.1% | -31.0% | - | -67.3% | -24.2% |
| Return on equity | -18.1% | - | -59.4% | -74.6% | -43.3% | - | -157.9% | -30.3% |
| Return on invested capital | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||
| Current ratio | 13.28 | 14.33 | 7.60 | 1.64 | 1.70 | 3.08 | 3.19 | 0.34 |
| Quick ratio | 12.89 | 13.84 | 7.15 | 1.27 | 1.34 | 2.69 | 2.83 | 0.18 |
| Cash ratio | 12.62 | 13.43 | 6.85 | 0.99 | 1.05 | 2.20 | 0.61 | 0.77 |
| Leverage | ||||||||
| Debt / Equity | 0.01 | 0.01 | 0.02 | 0.06 | 0.06 | 0.04 | 0.06 | 0.11 |
| Debt / Assets | 0.01 | 0.01 | 0.02 | 0.04 | 0.04 | 0.03 | 0.03 | 0.08 |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest coverage | -973.8x | - | -1293.5x | -584.1x | -18.4x | - | -2261.9x | -634.5x |
| Equity multiplier | 1.09 | 1.08 | 1.15 | 1.38 | 1.39 | 1.28 | 2.35 | 1.25 |
| Liabilities / Assets | 0.08 | 0.07 | 0.13 | 0.27 | 0.28 | 0.22 | 0.23 | 0.82 |
| Efficiency | ||||||||
| Asset turnover | 0.07 | - | 0.01 | 0.03 | 0.08 | - | 0.06 | 0.21 |
| Inventory turnover | 0.86 | - | 0.14 | 0.20 | 0.58 | - | 0.52 | 0.19 |
| Days sales outstanding | 18d | - | - | 152d | 19d | - | 244d | 93d |
| Days inventory outstanding | 425d | - | 2656d | 1827d | 635d | - | 697d | 1922d |
| Days payable outstanding | 434d | - | 1405d | 1006d | 457d | - | 434d | 892d |
| Cash conversion cycle | 9d | - | - | 972d | 196d | - | 507d | 1123d |
| Valuation | ||||||||
| P / E | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| Growth | ||||||||
| Revenue growth (YoY) | 296.6% | - | -69.3% | -85.6% | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 552.8% | - | -46.2% | -82.9% | - | - | - | - |
| Operating income growth (YoY) | -168.9% | - | -18.8% | -163.4% | - | - | - | - |
| Net income growth (YoY) | -144.2% | - | -35.9% | -161.7% | - | - | - | - |
| EPS growth (YoY) | -7.7% | - | 14.7% | 7.1% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -109.2% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 483.3% | 357.3% | 261.5% | 6.2% | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$606.7K totalSafe Pro USA$340.8K · 56.2%
Airborne Response$191.5K · 31.6%
Safe Pro AI$74.4K · 12.3%
Product / service
$606.7K totalProduct$361.3K · 59.5%
Service$245.4K · 40.5%
Peer comparison
Same SIC group: Orthopedic, Prosthetic & Surgical Appliances & Supplies
Comparing Safe Pro Group Inc. against the 5 most active filers in the same SIC group.