Safe Pro Group Inc. (NASDAQ:SPAI)
Insiders filed in the last 90 days, but none of those trades qualified for scoring — round-trip buys and filings whose price is far off the market are excluded.
Loses money on what it sells.
- Revenue
- $2.9M
- Net income
- -$14.4M
- Net margin
- -500.0%
Little or no net debt.
- Total debt
- $595K
- Cash
- $10.2M
- Debt / equity
- 0.05
Comfortably covers what is due within a year.
- Current assets
- $12.4M
- Current liabilities
- $1.4M
- Current ratio
- 8.76
Consumes cash and must keep raising it.
- Operating cash flow
- -$8.3M
- Free cash flow
- -$8.4M
- FCF margin
- -292.9%
Heavy dilution — shareholders are paying for the business.
- Shares outstanding
- 20.5M
- Share growth (1y)
- 34.9%
- Cash runway
- 15 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
SPAI Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 1.33 M | 1.22 M | 227.70 K | 101.42 K | 92.75 K | 184.80 K |
| Revenue Growth (YoY) | 1336.15 % | 560.24 % | -74.35 % | -69.34 % | -85.57 % | -39.93 % |
| Cost of Revenue | 479.26 K | 2.10 M | 152.24 K | 67.83 K | 61.20 K | 123.24 K |
| Gross Profit | 852.81 K | -876.13 K | 75.46 K | 33.59 K | 31.56 K | 61.57 K |
| SG&A Expense | 929.08 K | 758.61 K | 3.33 M | 4.06 M | 1.85 M | 3.98 M |
| R&D Expense | 187.76 K | 360.40 K | 266.57 K | 109.76 K | 17.88 K | 0.00 |
| Operating Expenses | 4.12 M | 2.04 M | 3.65 M | 4.24 M | 1.95 M | 4.07 M |
| Operating Income | -3.27 M | -2.92 M | -3.58 M | -4.21 M | -1.92 M | -4.01 M |
| Pretax Income | -3.17 M | -2.79 M | -3.43 M | -5.01 M | -1.91 M | -3.97 M |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | -3.17 M | -2.79 M | -3.43 M | -5.01 M | -1.91 M | -3.97 M |
| EPS (Basic) | -0.15 | -0.14 | -0.20 | -0.29 | -0.13 | -0.27 |
| EPS (Diluted) | -0.15 | -0.14 | -0.20 | -0.29 | -0.13 | -0.27 |
| Shares Outstanding | 20.52 M | 20.63 M | 17.09 M | 17.09 M | 15.21 M | 14.75 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.