Symbols / SPAI
SPAI Chart
About
Safe Pro Group Inc. provides security and protection products in the United States, Europe, Asia, and the Pacific. The company offers explosive ordinance disposal and unexploded ordinance disposal products; ballistic vests; and body armor, helmets, and ballistic blankets, as well as aerial managed services (drones) for the inspection of radio towers and power grids. It also develops artificial intelligence-powered detection and data analysis, as well as reporting tools for hyper-scalable and cloud-based processing of drone imagery. In addition, the company provides drone as a responder solutions for public safety, emergency management, security, critical infrastructure, and other incident response; critical infrastructure inspection utilizing visual and/or IR/thermal sensors; data capture, analytics, and processing by machine learning and artificial intelligence to provide data-driven insights and reporting; aerial mapping of ground-based infrastructure and other targeted assets; UAS-related training and consultation services; and other customized and specialized services. It serves critical infrastructure, insurance, public utilities, and telecommunication network operators; state and local/municipal governments and agencies; and police, fire, and other public safety organizations. The company was formerly known as Cybernate Corp. and changed its name to Safe Pro Group Inc. in July 2022. Safe Pro Group Inc. was incorporated in 2021 and is based in Aventura, Florida.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Aerospace & Defense | Market Cap | 87.25M |
| Enterprise Value | 75.68M | Income | -12.27M | Sales | 1.27M |
| Book/sh | 0.45 | Cash/sh | 0.36 | Dividend Yield | — |
| Payout | 0.00% | Employees | 11 | IPO | — |
| P/E | — | Forward P/E | — | PEG | — |
| P/S | 68.88 | P/B | 9.29 | P/C | — |
| EV/EBITDA | -6.81 | EV/Sales | 59.74 | Quick Ratio | 6.89 |
| Current Ratio | 7.60 | Debt/Eq | 2.62 | LT Debt/Eq | — |
| EPS (ttm) | -0.75 | EPS next Y | — | EPS Growth | — |
| Revenue Growth | -69.30% | Earnings | 2025-11-14 16:00 | ROA | -95.07% |
| ROE | -193.70% | ROIC | — | Gross Margin | 47.09% |
| Oper. Margin | -41.49% | Profit Margin | 0.00% | Shs Outstand | 20.97M |
| Shs Float | 12.40M | Short Float | 5.69% | Short Ratio | 2.57 |
| Short Interest | — | 52W High | 9.16 | 52W Low | 1.47 |
| Beta | — | Avg Volume | 340.58K | Volume | 944.90K |
| Target Price | $10.67 | Recom | Strong_buy | Prev Close | $3.96 |
| Price | $4.16 | Change | 5.05% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$10.67
Mean price target
2. Current target
$4.16
Latest analyst target
3. DCF / Fair value
$-0.35
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.16
Low
$9.00
High
$13.00
Mean
$10.67
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-11-18 | init | Lake Street | — → Buy | $9 |
| 2025-09-09 | init | Northland Capital Markets | — → Outperform | $13 |
| 2025-07-17 | init | Litchfield Hills | — → Buy | $8 |
- Army’s $1B TiC 2.0 test showcases Safe Pro AI that spots landmines - Stock Titan ue, 24 Feb 2026 13
- Safe Pro Group: This AI Defense Stock Could Explode Or Collapse (NASDAQ:SPAI) - Seeking Alpha Wed, 21 Jan 2026 08
- SPAI Stock Surges as Expansion Into Europe Gains Traction - StocksToTrade Fri, 20 Feb 2026 19
- Safe Pro Group (NASDAQ: SPAI) to Demonstrate NODE AI Threat Detection Integrated with General Dynamics GeoSuite at Army TiC 2.0 Event - The Globe and Mail ue, 24 Feb 2026 15
- Safe Pro Group Inc.'s (NASDAQ:SPAI) stock price dropped 26% last week; individual investors would not be happy - simplywall.st hu, 05 Feb 2026 08
- U.S. government backs Safe Pro bomb-spotting AI, fuelling 500% sales surge - Stock Titan Mon, 23 Feb 2026 13
- This AI-Based Defense Company Secured A US Government Contract – So, Why Did The Stock Reverse Pre-Market Gains? - Stocktwits Fri, 20 Feb 2026 15
- Safe Pro Secures $1 Million Government Contract - Intellectia AI Mon, 23 Feb 2026 18
- Safe Pro Group Reports Financials, Stocks Soar - Baystreet.ca Mon, 23 Feb 2026 15
- Safe Pro Group (SPAI) Price Target Increased by 26.92% to 16.83 - Nasdaq ue, 30 Sep 2025 07
- Safe Pro Group Secures $1 Million AI Defense Contract - TipRanks Fri, 20 Feb 2026 15
- Safe Pro Group (NASDAQ: SPAI) Projects Over 500% Q1 Revenue Growth As Government Deployment Accelerates - Digital Journal Mon, 23 Feb 2026 20
- With Safe Pro Stock Sliding, Have You Assessed The Risk? - Trefis Fri, 19 Dec 2025 08
- Safe Pro Group (SPAI): Assessing Valuation After AI Drone Breakthroughs and New Industry Partnerships - Yahoo Finance ue, 21 Oct 2025 07
- Why Did SW, IP, PKG Stocks Slump Today? - Stocktwits Mon, 23 Feb 2026 18
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 24000 | — | — | Stock Gift at price 0.00 per share. | ERDBERG DANIYEL | Chief Executive Officer | — | 2025-12-23 00:00:00 | D |
| 1 | 40000 | — | — | Stock Award(Grant) at price 0.00 per share. | CARLISE THERESA | Chief Financial Officer | — | 2025-08-22 00:00:00 | D |
| 2 | 25000 | — | — | Stock Award(Grant) at price 0.00 per share. | MILLER JOHN EDWARD | Director | — | 2025-08-22 00:00:00 | D |
| 3 | 25000 | — | — | Stock Award(Grant) at price 0.00 per share. | DEAN ARTHUR T. | Director | — | 2025-08-22 00:00:00 | D |
| 4 | 25000 | — | — | Stock Award(Grant) at price 0.00 per share. | VAN ARSDALE LEE | Director | — | 2025-08-22 00:00:00 | D |
| 5 | 400000 | — | — | Stock Award(Grant) at price 0.00 per share. | ERDBERG DANIYEL | Chief Executive Officer | — | 2025-02-28 00:00:00 | D |
| 6 | 200000 | — | — | Stock Gift at price 0.00 per share. | ERDBERG DANIYEL | Chief Executive Officer | — | 2024-11-25 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.00 | 0.00 | 0.00 |
| NormalizedEBITDA | -6.78M | -6.07M | -397.44K |
| NetIncomeFromContinuingOperationNetMinorityInterest | -7.43M | -6.31M | -507.64K |
| ReconciledDepreciation | 341.08K | 239.01K | 105.36K |
| ReconciledCostOfRevenue | 1.19M | 549.79K | 602.59K |
| EBITDA | -6.78M | -6.07M | -397.44K |
| EBIT | -7.12M | -6.31M | -502.80K |
| NetInterestIncome | -276.46K | -7.72K | -4.80K |
| InterestExpense | 306.52K | 8.23K | 4.84K |
| InterestIncome | 30.06K | 508.00 | 44.00 |
| NormalizedIncome | -7.43M | -6.31M | -507.64K |
| NetIncomeFromContinuingAndDiscontinuedOperation | -7.43M | -6.31M | -507.64K |
| TotalExpenses | 9.32M | 7.22M | 1.65M |
| TotalOperatingIncomeAsReported | -7.15M | -6.31M | -502.84K |
| DilutedAverageShares | 10.61M | 13.68M | 13.68M |
| BasicAverageShares | 10.61M | 13.68M | 13.68M |
| DilutedEPS | -0.70 | -0.46 | -0.04 |
| BasicEPS | -0.70 | -0.46 | -0.04 |
| DilutedNIAvailtoComStockholders | -7.43M | -6.31M | -507.64K |
| NetIncomeCommonStockholders | -7.43M | -6.31M | -507.64K |
| NetIncome | -7.43M | -6.31M | -507.64K |
| NetIncomeIncludingNoncontrollingInterests | -7.43M | -6.31M | -507.64K |
| NetIncomeContinuousOperations | -7.43M | -6.31M | -507.64K |
| PretaxIncome | -7.43M | -6.31M | -507.64K |
| NetNonOperatingInterestIncomeExpense | -276.46K | -7.72K | -4.80K |
| InterestExpenseNonOperating | 306.52K | 8.23K | 4.84K |
| InterestIncomeNonOperating | 30.06K | 508.00 | 44.00 |
| OperatingIncome | -7.15M | -6.31M | -502.84K |
| OperatingExpense | 8.06M | 6.62M | 1.02M |
| DepreciationAmortizationDepletionIncomeStatement | 272.70K | 182.16K | 75.88K |
| DepreciationAndAmortizationInIncomeStatement | 272.70K | 182.16K | 75.88K |
| ResearchAndDevelopment | 90.37K | 373.65K | 0.00 |
| SellingGeneralAndAdministration | 7.70M | 6.06M | 945.50K |
| SellingAndMarketingExpense | 1.25M | 449.87K | 180.17K |
| GeneralAndAdministrativeExpense | 7.70M | 6.06M | 945.50K |
| OtherGandA | 3.42M | 3.76M | 518.14K |
| SalariesAndWages | 4.28M | 2.30M | 427.36K |
| GrossProfit | 906.15K | 311.08K | 518.54K |
| CostOfRevenue | 1.26M | 606.64K | 632.07K |
| TotalRevenue | 2.17M | 917.72K | 1.15M |
| OperatingRevenue | 2.17M | 917.72K | 1.15M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| OrdinarySharesNumber | 14.53M | 13.68M | 13.68M |
| ShareIssued | 14.53M | 13.68M | 13.68M |
| TotalDebt | 244.71K | 649.43K | 368.17K |
| TangibleBookValue | 2.10M | 103.57K | 1.27M |
| InvestedCapital | 4.02M | 2.27M | 2.73M |
| WorkingCapital | 1.86M | -142.82K | 1.00M |
| NetTangibleAssets | 2.10M | 104.20K | 1.27M |
| CapitalLeaseObligations | 98.71K | 159.63K | 222.17K |
| CommonStockEquity | 3.87M | 1.78M | 2.58M |
| PreferredStockEquity | 628.00 | 628.00 | |
| TotalCapitalization | 4.02M | 1.92M | 2.73M |
| TotalEquityGrossMinorityInterest | 3.87M | 1.78M | 2.58M |
| StockholdersEquity | 3.87M | 1.78M | 2.58M |
| RetainedEarnings | -14.25M | -6.82M | -507.64K |
| AdditionalPaidInCapital | 18.12M | 8.60M | 3.09M |
| CapitalStock | 1.45K | 1.50K | 1.38K |
| CommonStock | 1.45K | 873.00 | 751.00 |
| PreferredStock | 0.00 | 628.00 | 628.00 |
| TotalLiabilitiesNetMinorityInterest | 1.08M | 1.65M | 1.66M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 181.59K | 237.11K | 305.63K |
| LongTermDebtAndCapitalLeaseObligation | 181.59K | 237.11K | 305.63K |
| LongTermCapitalLeaseObligation | 35.59K | 91.11K | 159.63K |
| LongTermDebt | 146.00K | 146.00K | 146.00K |
| CurrentLiabilities | 893.93K | 1.42M | 1.35M |
| CurrentDeferredLiabilities | 83.77K | 84.67K | 43.98K |
| CurrentDeferredRevenue | 83.77K | 84.67K | 43.98K |
| CurrentDebtAndCapitalLeaseObligation | 63.12K | 412.32K | 62.54K |
| CurrentCapitalLeaseObligation | 63.12K | 68.52K | 62.54K |
| CurrentDebt | 343.80K | ||
| OtherCurrentBorrowings | 343.80K | ||
| PensionandOtherPostRetirementBenefitPlansCurrent | 115.34K | 203.45K | 134.41K |
| PayablesAndAccruedExpenses | 631.70K | 716.29K | 1.11M |
| CurrentAccruedExpenses | 90.26K | 141.66K | 159.68K |
| Payables | 541.43K | 574.63K | 951.69K |
| DuetoRelatedPartiesCurrent | 421.62K | 405.55K | 900.65K |
| AccountsPayable | 119.81K | 169.08K | 51.04K |
| TotalAssets | 4.95M | 3.43M | 4.24M |
| TotalNonCurrentAssets | 2.20M | 2.16M | 1.88M |
| NonCurrentPrepaidAssets | 9.80K | 9.80K | 9.80K |
| GoodwillAndOtherIntangibleAssets | 1.77M | 1.67M | 1.31M |
| OtherIntangibleAssets | 1.09M | 987.29K | 622.60K |
| Goodwill | 684.87K | 684.87K | 684.87K |
| NetPPE | 416.50K | 474.33K | 566.65K |
| AccumulatedDepreciation | -353.36K | -181.40K | -58.91K |
| GrossPPE | 769.86K | 655.73K | 625.56K |
| OtherProperties | 455.43K | 401.63K | 372.88K |
| MachineryFurnitureEquipment | 36.91K | 7.33K | 5.91K |
| BuildingsAndImprovements | 277.51K | 246.77K | 246.77K |
| Properties | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 2.75M | 1.27M | 2.35M |
| OtherCurrentAssets | 313.66K | 48.05K | 136.10K |
| Inventory | 342.06K | 359.16K | 364.24K |
| InventoriesAdjustmentsAllowances | 0.00 | 0.00 | 0.00 |
| FinishedGoods | 22.17K | 11.89K | 46.29K |
| WorkInProcess | 60.23K | 93.53K | 110.67K |
| RawMaterials | 259.66K | 253.74K | 207.28K |
| Receivables | 123.69K | 163.33K | 102.18K |
| AccountsReceivable | 123.69K | 163.33K | 102.18K |
| AllowanceForDoubtfulAccountsReceivable | 0.00 | 0.00 | 0.00 |
| GrossAccountsReceivable | 123.69K | 163.33K | 102.18K |
| CashCashEquivalentsAndShortTermInvestments | 1.97M | 703.37K | 1.75M |
| CashAndCashEquivalents | 1.97M | 703.37K | 1.75M |
| CashFinancial | 1.97M | 703.37K | 1.75M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| FreeCashFlow | -4.53M | -2.03M | 1.05M |
| RepaymentOfDebt | -236.50K | 0.00 | |
| IssuanceOfDebt | 511.50K | 475.00K | 50.00K |
| IssuanceOfCapitalStock | 4.67M | 1.01M | 1.18M |
| CapitalExpenditure | -436.39K | -30.17K | -26.34K |
| InterestPaidSupplementalData | 93.31K | 5.03K | 0.00 |
| IncomeTaxPaidSupplementalData | 0.00 | 0.00 | 0.00 |
| EndCashPosition | 1.97M | 703.37K | 1.75M |
| BeginningCashPosition | 703.37K | 1.75M | 0.00 |
| ChangesInCash | 1.27M | -1.05M | 1.75M |
| FinancingCashFlow | 5.80M | 985.15K | 503.61K |
| CashFlowFromContinuingFinancingActivities | 5.80M | 985.15K | 503.61K |
| NetOtherFinancingCharges | -23.04K | -495.10K | -721.89K |
| ProceedsFromStockOptionExercised | 878.71K | 0.00 | |
| NetCommonStockIssuance | 4.67M | 1.01M | 1.18M |
| CommonStockIssuance | 4.67M | 1.01M | 1.18M |
| NetIssuancePaymentsOfDebt | 275.00K | 475.00K | 50.00K |
| NetShortTermDebtIssuance | 475.00K | 50.00K | |
| ShortTermDebtIssuance | 475.00K | 50.00K | |
| NetLongTermDebtIssuance | 275.00K | 475.00K | |
| LongTermDebtPayments | -236.50K | 0.00 | |
| LongTermDebtIssuance | 511.50K | 475.00K | |
| InvestingCashFlow | -436.39K | -30.17K | 169.56K |
| CashFlowFromContinuingInvestingActivities | -436.39K | -30.17K | 169.56K |
| NetBusinessPurchaseAndSale | 0.00 | 195.90K | |
| SaleOfBusiness | 0.00 | 195.90K | |
| NetIntangiblesPurchaseAndSale | -372.59K | 0.00 | |
| PurchaseOfIntangibles | -372.59K | 0.00 | |
| NetPPEPurchaseAndSale | -63.80K | -30.17K | -26.34K |
| PurchaseOfPPE | -63.80K | -30.17K | -26.34K |
| OperatingCashFlow | -4.10M | -2.00M | 1.08M |
| CashFlowFromContinuingOperatingActivities | -4.10M | -2.00M | 1.08M |
| ChangeInWorkingCapital | -300.90K | 241.73K | 1.26M |
| ChangeInOtherWorkingCapital | -902.00 | 40.69K | 43.98K |
| ChangeInPayablesAndAccruedExpense | -91.13K | 169.06K | -155.73K |
| ChangeInAccruedExpense | -41.86K | 51.02K | -111.59K |
| ChangeInPayable | -49.27K | 118.04K | -44.14K |
| ChangeInAccountPayable | -49.27K | 118.04K | -44.14K |
| ChangeInPrepaidAssets | -265.61K | 88.05K | 105.45K |
| ChangeInInventory | 17.10K | 5.08K | -297.10K |
| ChangeInReceivables | 39.64K | -61.15K | 1.56M |
| ChangesInAccountReceivables | 39.64K | -61.15K | 1.56M |
| OtherNonCashItems | 198.86K | 213.33K | 224.57K |
| StockBasedCompensation | 2.85M | 3.62M | 0.00 |
| DepreciationAmortizationDepletion | 341.08K | 239.01K | 105.36K |
| DepreciationAndAmortization | 341.08K | 239.01K | 105.36K |
| AmortizationCashFlow | 271.24K | 180.93K | 75.40K |
| AmortizationOfIntangibles | 271.24K | 180.93K | 75.40K |
| Depreciation | 69.85K | 58.08K | 29.96K |
| OperatingGainsLosses | 241.34K | ||
| GainLossOnInvestmentSecurities | 241.34K | ||
| NetIncomeFromContinuingOperations | -7.43M | -6.31M | -507.64K |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for SPAI
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|