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Financial statements

Safe Pro Group Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Safe Pro Group Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2024FY2024FY2025
Revenue0.922.170.61
Cost of revenue0.611.260.4
Gross profit0.310.910.2
Research and development0.370.090.39
Selling, general and administrative0.451.252.13
Operating expenses6.628.0614.7
Operating income-6.31-7.15-14.5
Interest expense0.010.310.01
Interest income00.030.18
Other non-operating income-0.01-0.280.22
Net income-6.31-7.43-14.3
EBITDA-6.07-6.81-14.2
EPS, basic-0.79-0.70-0.85
EPS, diluted-0.79-0.70-0.85
Shares, basic (weighted)7.9810.616.9
Shares, diluted (weighted)7.9810.616.9

Balance sheet

FY2024FY2024FY2025
Cash and equivalents0.71.9716.8
Receivables0.160.120.1
Inventory0.360.340.62
Other current assets0.050.310.42
Total current assets1.272.7517.9
Property, plant and equipment0.320.310.28
Lease right-of-use assets0.150.10.06
Goodwill0.680.68
Intangible assets0.991.090.83
Total assets3.434.9519.1
Accounts payable0.170.120.46
Accrued liabilities0.140.090.28
Deferred revenue0.080.080.02
Total current liabilities1.420.891.25
Long-term debt0.150.150.15
Lease liabilities0.090.040
Total liabilities1.651.081.4
Total debt0.150.15
Paid-in capital8.618.147
Retained earnings-6.82-14.3-28.6
Treasury stock-0.68
Shareholders' equity1.783.8717.7
Total equity1.783.8717.7
Total liabilities and equity3.434.9519.1
Shares outstanding8.7314.520.7

Cash flow statement

FY2024FY2024FY2025
Net income-6.31-7.43-14.3
Depreciation and amortization0.240.340.38
Stock-based compensation0.01
Change in receivables-0.060.040.02
Change in inventory0.010.02-0.27
Change in payables0.12-0.050.28
Cash from operations-2-4.1-6.22
Capital expenditures-0.03-0.06-0.05
Cash from investing-0.03-0.44-0.24
Stock issued4.1812.9
Cash from financing0.995.821.3
Net change in cash-1.051.2714.8
Free cash flow-2.03-4.16-6.27
Interest paid0.010.090.01

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $4.17 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin62.2%Gross profit / revenue.
Operating margin-513.8%Operating income / revenue.
EBITDA margin-503.0%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-500.0%Net income / revenue.
FCF margin-292.3%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-287.6%Cash from operations / revenue.
Return on equity (ROE)-120.3%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-106.5%Net income / average total assets.
Return on invested capital (ROIC)-620.1%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue32.2%Research and development expense / revenue.
SG&A / revenue99.9%Selling, general and administrative expense / revenue.
Capex / revenue4.7%Capital expenditures / revenue.
D&A / revenue10.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-72.0%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y-77.7%Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y357.3%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y286.2%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y59.3%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio8.76xCurrent assets / current liabilities.
Quick ratio8.13x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio7.24x(Cash + short-term investments) / current liabilities.
Debt / equity0.01xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets1.1%Total debt / total assets.
Liabilities / assets11.5%Total liabilities / total assets.
Net debt-$10.1MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-1,176xOperating income / interest expense.
Working capital$11.0MCurrent assets - current liabilities.
Goodwill and intangibles / assets5.8%(Goodwill + intangible assets) / total assets.
Tangible book value$11.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.21xRevenue / average total assets.
Fixed asset turnover8.47xRevenue / average property, plant and equipment.
Inventory turnover1.44xCost of revenue / average inventory.
Days inventory254 days365 x average inventory / cost of revenue.
Receivables turnover2.30xRevenue / average receivables.
Days sales outstanding158 days365 x average receivables / revenue.
Days payables178 days365 x average accounts payable / cost of revenue.
Cash conversion cycle235 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.70Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.14Revenue / diluted weighted shares.
FCF per share-$0.41Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.40Cash from operations / diluted weighted shares.
Book value per share$0.59Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.55Tangible book value / shares outstanding.
Cash per share$0.50(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$84.9MShare price x shares outstanding.
Enterprise value$74.8MMarket cap + total debt - cash - short-term investments.
P/S29.5xMarket cap / revenue.
P/B7.09xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book7.59xMarket cap / tangible book value, when positive.
EV/Sales26.0xEnterprise value / revenue.
FCF yield-9.9%Free cash flow / market cap.
Earnings yield-17.0%Net income / market cap (the inverse of P/E).
What was Safe Pro Group Inc.'s revenue in fiscal 2025?

Safe Pro Group Inc. reported revenue of $606.7K for fiscal 2025, 72% lower than the year before.

Was Safe Pro Group Inc. profitable in fiscal 2025?

No. It reported a net loss of $14.3M.

How much free cash flow did Safe Pro Group Inc. generate in fiscal 2025?

Cash from operations of $6.2M minus capital expenditures of $48.8K left free cash flow of -$6.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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