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SPAI

Safe Pro Group Inc. Common Stock

SPAI

Safe Pro Group Inc. Common Stock • NASDAQ
$5.04 ▲ 1.20% (+0.06)
Market Cap $76.92 M
52w High $9.16
52w Low $1.47
Dividend Yield 0%
P/E -6.72
Volume 170.76K
Outstanding Shares 15.26M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $101.422K ▲ $4.241M ▲ $-5.01M ▼ -4.94K% ▼ $-0.29 ▼ $-4.932M ▼
Q2-2025 $92.753K ▼ $1.955M ▼ $-1.915M ▲ -2.064K% ▲ $-0.13 ▲ $-1.821M ▲
Q1-2025 $184.802K ▼ $4.067M ▲ $-3.965M ▼ -2.146K% ▼ $-0.27 ▼ $-3.921M ▼
Q4-2024 $887.779K ▲ $1.866M ▼ $-1.384M ▲ -155.92% ▲ $-0.095 ▲ $-1.264M ▲
Q3-2024 $330.756K $3.676M $-3.685M -1.114K% $-0.34 $-3.432M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.597M ▲ $9.695M ▲ $1.256M ▲ $8.439M ▲
Q2-2025 $805.596K ▼ $3.539M ▼ $972.103K ▼ $2.567M ▼
Q1-2025 $912.219K ▼ $3.687M ▼ $1.043M ▼ $2.643M ▼
Q4-2024 $1.971M ▼ $4.95M ▼ $1.076M ▼ $3.874M ▼
Q3-2024 $2.335M $5.477M $1.243M $4.234M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-5.01M ▼ $-1.597M ▼ $-7.703K ▲ $8.364M ▲ $6.791M ▲ $-1.602M ▼
Q2-2025 $-1.915M ▲ $-1.011M ▼ $-102.518K ▲ $1.039M ▲ $-106.623K ▲ $-1.113M ▼
Q1-2025 $-3.965M ▼ $-941.751K ▲ $-123.359K ▲ $6.61K ▼ $-1.058M ▼ $-959.998K ▲
Q4-2024 $-1.384M ▲ $-1.03M ▲ $-209.992K ▼ $876.323K ▼ $-363.996K ▼ $-1.24M ▲
Q3-2024 $-3.685M $-1.906M $-2.888K $4.067M $2.159M $-1.909M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $0 ▲$0 ▲$0 ▲$0 ▲
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement SPAI looks like an early‑stage, mostly pre‑revenue business. The data shown has essentially no meaningful revenue yet and small but recurring operating losses. That means the story today is about building technology, proving it in the field, and signing reference customers, not about mature, steady earnings. Losses per share have widened, which is common for young tech‑heavy defense companies as they invest in people, product development, and commercialization before revenue ramps. The key uncertainty is how quickly those investments convert into paying contracts, particularly with governments and large institutions, which tend to have long sales and approval cycles.

Balance Sheet

Balance Sheet The balance sheet information provided is effectively blank, so there is no clear view here of SPAI’s current cash position, asset base, or leverage. That limits visibility into its financial resilience. Given the SPAC background and early stage of operations, the main questions are: how much cash is actually on hand to fund development and commercialization, how much additional capital might be required, and whether there is meaningful debt. Without those answers, balance sheet risk and staying power are hard to assess from this data alone.

Cash Flow

Cash Flow The cash‑flow section is also essentially empty, which suggests we do not have reliable disclosures here on cash burn or investment spending. For an early‑stage defense and AI company, cash flow is usually negative as they fund R&D, pilots, and business development. The main issue for readers is not current profitability, but whether SPAI can secure enough funding (through equity, grants, or contracts with upfront payments) to bridge the gap from technology validation to recurring revenues. With no cash‑flow detail shown, there is high uncertainty around runway and funding needs.

Competitive Edge

Competitive Edge SPAI is trying to position itself as a specialized player at the intersection of AI, drones, and defense, with a focus on landmine and explosive threat detection plus protective equipment. Its spotlight product, SpotlightAI, has real‑world validation in Ukraine, which is a meaningful credibility boost versus purely lab‑tested solutions. The company’s potential moat appears to be multi‑layered: a patented detection approach, proprietary data from actual conflict‑zone deployments, and a first‑mover position in humanitarian demining AI. Combined with its drone‑services arm and protective‑gear business, SPAI can offer an integrated package rather than a single point solution, which can help deepen customer relationships. On the other hand, SPAI is operating in markets with powerful, well‑funded incumbents (both in AI/defense and in body armor). The company must prove it can scale beyond pilot projects, pass rigorous certification hurdles, and compete for large contracts against much bigger players. Execution risk and customer concentration risk are likely to be high in the early years.

Innovation and R&D

Innovation and R&D Innovation is the clear strength of SPAI’s story. The firm is focused on: - AI‑driven image analysis to locate mines and unexploded ordnance using drones. - Edge and on‑drone processing (InFlight and SPOTD NODE) so detection can happen in real time, even with poor connectivity. - Advanced, lighter‑weight ballistic protection and specialized gear for bomb disposal and demining teams. The technology has already shown strong productivity and cost benefits in field tests, which is a major proof point. The proprietary dataset from Ukraine gives SPAI a learning advantage: every mission can make the algorithms better, which is difficult for latecomers to replicate. Future upside depends on turning these technical wins into standardized, repeatable products adopted by multiple countries and agencies, and on securing critical certifications for its body armor line. This transition from innovation to broad commercialization is often where execution becomes most challenging.

Summary

SPAI is a very early‑stage defense and security technology company with a compelling technical story but extremely limited financial visibility in the data shown. It appears to be pre‑revenue, running modest operating losses as it builds out AI and drone‑based demining solutions plus protective equipment. Its main strengths are: - A focused niche (demining and threat detection) with clear humanitarian and defense demand. - Field‑validated AI technology, which is rare in this space. - A growing moat based on patents, proprietary data, and integrated offerings across AI, drones, and protective gear. Key risks and uncertainties include: - Lack of detailed balance sheet and cash‑flow information, making funding needs and runway unclear. - The challenge of moving from pilots and demonstrations to large, recurring contracts in a conservative, slow‑moving procurement environment. - Intense competition from larger, established defense and armor providers once the market opportunity becomes more visible. Overall, SPAI looks more like a technology and commercialization story than a traditional financial story at this stage. The company’s future will likely hinge on contract wins, regulatory certifications, and partnership expansions rather than near‑term earnings metrics.

NEWS

November 25, 2025 · 7:00 AM UTC

SPARC AI Receives Delivery of Two Custom STRIKE-1 Drones

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November 24, 2025 · 8:01 AM UTC

Safe Pro Group to Present at Upcoming Investor Conferences

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November 17, 2025 · 8:02 AM UTC

Safe Pro Group Accelerates Growth Across AI, Drone Services, and Ballistic Divisions Following $20+ Million in Strategic Investments

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November 4, 2025 · 8:03 AM UTC

Safe Pro's Artificial Intelligence Delivers 800+% Productivity Surge in Ukraine Demining Surveys According to Independent Research Presented at Leading Global Conference

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October 22, 2025 · 8:03 AM UTC

Safe Pro Group Announces Closing of $14 Million Strategic Investment and Provides Business Update

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