Safe Pro Group Inc.
Business
Safe Pro Group Inc. is a security and protection products company comprised of three operating units: Safe Pro AI develops artificial intelligence and machine learning software for analyzing drone imagery to detect threats like landmines and unexploded ordnance; Safe-Pro USA manufactures bullet and blast resistant personal protective equipment including body armor, EOD systems, and demining gear; and Airborne Response provides mission-critical drone services including Drone as a First Responder operations, critical infrastructure inspection, and aerial analytics. The company serves government, military, law enforcement, humanitarian organizations, and commercial enterprises globally.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Total revenues | 606,681 | 2 | 917,720 | |
| Total cost of revenues | 404,503 | 1 | 606,639 | |
| GROSS PROFIT | 202,178 | 906,146 | 311,081 | |
| Salary, wages and payroll taxes | 6 | 4 | 2 | |
| Research and development | 394,207 | 90,372 | 373,655 | |
| Professional fees | 6 | 2 | 3 | |
| Selling, general and administrative expenses | 2 | 1 | 449,874 | |
| Depreciation and amortization | 304,803 | 272,705 | 182,156 | |
| Impairment of goodwill | 684,867 | — | — | |
| Impairment of other intangibles | 146,001 | — | — | |
| Total operating expenses | 15 | 8 | 7 | |
| LOSS FROM OPERATIONS | −15 | −7 | −6 | |
| Other income | 57,107 | — | — | |
| Interest income | 178,476 | 30,056 | 508 | |
| Interest expense | −12,833 | −306,516 | −8,227 | |
| Total other income (expenses), net | 222,750 | −276,460 | −7,719 | |
| NET LOSS | −14 | −7 | −6 | |
| Net loss per common share, Basic | −0.85 | −0.7 | −0.79 | |
| Net loss per common share, Diluted | −0.85 | −0.7 | −0.79 | |
| Weighted average common shares outstanding, Basic | 17 | 11 | 8 | |
| Weighted average common shares outstanding, Diluted | 17 | 11 | 8 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-06-30 | FY 2024 2024-12-31 | FY 2024 2024-04-30 | FY 2023 2023-12-31 |
|---|---|---|---|---|---|---|
| Cash | 17 | — | 2 | — | 703,368 | |
| Accounts receivable and other receivables, net | 100,028 | — | 123,686 | — | 163,329 | |
| Inventory | 615,024 | — | 342,061 | — | 359,159 | |
| Prepaid expenses and other current assets | 420,306 | — | 313,663 | — | 48,052 | |
| Total current assets | 18 | — | 3 | — | 1 | |
| Property and equipment, net | 283,087 | — | 314,881 | — | 320,928 | |
| Right of use assets, net | 59,010 | 33,084 | 101,621 | 19,583 | 153,404 | |
| Intangible assets, net | 834,461 | — | 1 | — | 987,292 | |
| Goodwill | — | — | 684,867 | — | 684,867 | |
| Security deposits | 9,800 | — | 9,800 | — | 9,800 | |
| Total other assets | 1 | — | 2 | — | — | |
| TOTAL ASSETS | 19 | — | 5 | — | 3 | |
| Accounts payable | 461,306 | — | 119,812 | — | 169,081 | |
| Accrued expenses | 270,932 | — | 90,264 | — | 141,660 | |
| Accrued compensation | 7,187 | — | 115,344 | — | 203,446 | |
| Due to related parties | 437,362 | — | 421,623 | — | 405,554 | |
| Contract liabilities | 18,897 | — | 83,768 | — | 84,670 | |
| Lease liabilities, current portion | 55,160 | — | 63,115 | — | 68,522 | |
| Total current liabilities | 1 | — | 893,926 | — | 1 | |
| Note payable | 146,000 | — | 146,000 | — | 146,000 | |
| Lease liabilities, net of current portion | 947 | — | 35,592 | — | 91,112 | |
| Total long-term liabilities | 146,947 | — | 181,592 | — | 237,112 | |
| Total liabilities | 1 | — | 1 | — | 2 | |
| Common stock; $0.0001 par value, 200,000,000 shares authorized, 20,899,270 shares issued and 20,736,816 outstanding at December 31, 2025, and 14,534,685 shares issued and outstanding at December 31, 2024. | 2,090 | — | 1,453 | — | 873 | |
| Treasury Stock; at cost, 162,454 and 0 shares of common stock at December 31, 2025 and 2024, respectively | −676,034 | — | — | — | — | |
| Additional paid-in capital | 47 | — | 18 | — | 9 | |
| Accumulated deficit | −29 | — | −14 | — | −7 | |
| Total shareholders equity | 18 | — | 4 | — | 2 | |
| Total liabilities and shareholders equity | 19 | — | 5 | — | 3 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation and amortization expense | 381,330 | 341,083 | 239,009 | |
| Stock-based compensation and professional fees | 7 | 3 | 4 | |
| Amortization of debt discount | — | 208,006 | 1,454 | |
| Relative fair value of options granted | — | 241,336 | — | |
| Lease costs | — | −9,144 | 1,877 | |
| Accounts receivable | 23,658 | 39,643 | −61,152 | |
| Inventory | −272,963 | 17,098 | 5,083 | |
| Prepaid expenses and other assets | −106,643 | −265,611 | 88,052 | |
| Accounts payable | 278,869 | −49,269 | 118,038 | |
| Accrued expenses | 180,668 | 7,134 | −18,023 | |
| Contract liabilities | −64,871 | −902 | 40,692 | |
| Lease liabilities | 11 | — | — | |
| Accrued compensation | −51,619 | −48,995 | 69,041 | |
| NET USED IN OPERATING ACTIVITIES | −6 | −4 | −2 | |
| Purchase of property and equipment | −48,808 | −63,801 | −30,172 | |
| Investment in intangible technologies (software development) | −192,545 | −372,588 | — | |
| NET CASH USED IN INVESTING ACTIVITIES | −241,353 | −436,389 | −30,172 | |
| Proceeds from sale of common stock and warrants | 7 | 489,002 | — | |
| Proceeds from convertible notes payable | — | 275,002 | 475,000 | |
| Proceeds from sale of common stock in offering | 13 | 4 | — | |
| Proceeds from issuance of Series C Preferred Stock and warrants | 1 | — | — | |
| Purchase of treasury stock in connection with Stock Repurchase Program | −613,409 | — | — | |
| Proceeds from warrant exercise | 2 | 878,708 | — | |
| Proceeds from option exercise | 12,750 | — | — | |
| Payments for employee tax withholdings on net share settlement | −465,601 | — | — | |
| Proceeds from related party advances | 141,866 | — | 298,361 | |
| Proceeds from notes payable | — | 236,500 | — | |
| Payments on notes payable | — | −236,500 | — | |
| Repayment of due to related party | −69,588 | −23,038 | −793,458 | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 21 | 6 | 985,152 | |
| NET INCREASE IN CASH | 15 | 1 | −1 | |
| Interest | 8,559 | 93,314 | 5,033 | |
| Income taxes | — | — | — | |
| Issuance of common stock in exchange for Series C Preferred Stock | 51 | — | — | |
| Contributed Services | 113,077 | — | — | |
| Purchase of treasury stock in connection with Stock Repurchase Program included in Accounts Payable | 62,625 | — | — | |
| Increase in debt discount and additional paid-in capital | — | 76,802 | 132,658 | |
| Increase in common stock and additional paid-in capital issued for conversion of debt | — | 808,532 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Safe Pro Group Inc.'s CIK number?
Safe Pro Group Inc.'s SEC CIK number is 0002011208 (2011208). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Safe Pro Group Inc.'s SEC filings?
All of Safe Pro Group Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Safe Pro Group Inc. last report earnings?
Safe Pro Group Inc. (SPAI) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-023366). This is Safe Pro Group Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Safe Pro Group Inc.'s most recent earnings 8-K?
Safe Pro Group Inc.'s latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001493152-26-023366. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Safe Pro Group Inc.'s latest earnings 8-K →
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