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Safe Pro Group Inc. Common Stock

SPAI
32
Aerospace & Defense · Industrials
Price
$5.37
+0.17 (+3.27%)
Market Cap
$110.7M
Exchange
NASDAQ
Winston Score
32
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Share count rising — dilution

+127.8% over 3y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 7.5M (2022) → 17.1M (2025)

Winston Score History

The full picture

Safe Pro Group is a small defense technology company that builds tools to help soldiers and first responders detect and avoid explosive threats like landmines and improvised explosive devices (IEDs). Its core products combine drone technology with artificial intelligence software to scan dangerous areas from the air, reducing the need for people to physically search hazardous ground. The company sells primarily to military and government customers.

Safe Pro Group makes money by selling its drone systems and the AI software that powers them, likely through government contracts and direct equipment sales. It operates mainly in the United States but targets international defense and humanitarian demining markets as well. The company is very small, with a market cap around $100 million, and its deeply negative margins show it is spending far more than it earns right now. The key risk is that it must win enough government contracts to grow revenue before it runs out of cash, which is a common challenge for early-stage defense technology firms.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

>+1,000% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-15.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$394,207/ year

Rising (+336% vs prior year)

65.0% of revenue

16.2x the sector average (4%)

Investing heavily in future products and technology

Insider Activity

60.4%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~10 months

$10M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Safe Pro Group Inc. Common Stock grew revenue 1336% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
64.0%
Premium pricing power — 64.0% gross margin
Profit after running costs
Operating Margin
-245.6%
Losing money on operations — -245.6%
Return on the money invested
ROCE
-116.6%
Weak — -116.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+92.6%
Fast-growing sales (+92.6% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-292.9%
Burning cash (-292.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.00
Conservative — low debt load (0.00)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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