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Safe Pro Group Inc. Common Stock logo

Safe Pro Group Inc. Common Stock

SPAI
25
Aerospace & Defense · Industrials
Price
$3.89
+0.08 (+2.10%)
Market Cap
$65.6M
Exchange
NASDAQ
Winston Score
25
Winston is worried
Below-average fundamentals — multiple weak pillars.

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)

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.

Winston Score History

Growth Profile

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

Revenue Growth

+560.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+48.1% YoY

YoY Growth Rate

EPS growth accelerating

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

Insiders holding steady — not selling despite ability to

Cash Runway

~3 years

$15M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$15M cash & investments at current burn rate

Revenue accelerating

Safe Pro Group Inc. Common Stock grew revenue 560% 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.

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Quality

Gross Margin
68.1%
Premium pricing power — 68.1% gross margin
Operating Margin
-239.1%
Losing money on operations — -239.1%
ROCE
-18.9%
Weak — -18.9% return on capital

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

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Growth

Sales YoY
-19.8%
Shrinking sales (-19.8% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-402.9%
Burning cash (-402.9%)

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

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Stability

Debt / Equity
0.00
Conservative — low debt load (0.00)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
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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