SPAI on Nasdaq

Safe Pro Group Inc.

Safe Pro Group Inc. is an American prepackaged software services company, incorporated in Delaware.1 It is headquartered in Aventura, Florida.1 Its shares trade on Nasdaq under the symbol SPAI.1

Price unavailable

Last updated Oct 20, 2026.

Overview

Compare with Sports Entertainment Gaming Global Corp, Quantum Computing Inc. or Youxin Technology Ltd, or pick any stock.

  • TickerSPAI on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersAventura, Florida1
  • Incorporated inDE2
  • Business address18305 Biscayne Blvd.,, Suite 222, Aventura, Fl 331602
  • Filer category, Emerging growth company2

See how the biggest companies compare on our leaderboards

Intelligence (“AI”) and Machine Learning (“ML”) Software Technology and Photogrammetry Analysis Tools.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

33.3%Gross margin4
-2397.6%Operating margin4
-2360.8%Net margin4
-72.0%Revenue growth, 20254
-80.8%Return on equity4
0.01×Debt to equity4
-$6.3MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 60% of the revenue Safe Pro Group Inc. broke down this way in fiscal 2025.

  1. Product$361.3K460%down 65% from 2024
  2. Service$245.4K440%down 78% from 2024
Products and services by year
Products and services20242025
Product$1.0M$361.3K
Service$1.1M$245.4K

Business segments

Safe-Pro USA brought in 56% of the revenue Safe Pro Group Inc. broke down this way in fiscal 2025.

  1. Safe-Pro USA$340.8K456%down 61% from 2024
  2. Airborne Response$191.5K432%down 85% from 2024
  3. Safe Pro AI$74.4K412%up 395% from 2024
Business segments by year
Business segments20242025
Safe-Pro USA$873.3K$340.8K
Airborne Response$1.3M$191.5K
Safe Pro AI$15.0K$74.4K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue14¢$404.5K
  • Research and development13¢$394.2K
  • Selling, general and admin73¢$2.1M

Out of $606.7K in revenue.4 The company lost money this year.

Financial statements

Revenue54$606.7K in 2025−34% since 2023
0$1.0M$2.0M$3.0M2023: $917.7K$917.7K20232024: $2.2M$2.2M2024+136%2025: $606.7K$606.7K2025−72%
Gross profit54$202.2K in 2025−35% since 2023
0$250.0K$500.0K$750.0K$1.0M2023: $311.1K$311.1K20232024: $906.1K$906.1K2024+191%2025: $202.2K$202.2K2025−78%
Operating income54-$14.5M in 2025+131% since 2023
-$15.0M-$10.0M-$5.0M02023: -$6.3M-$6.3M20232024: -$7.2M-$7.2M2024+13%2025: -$14.5M-$14.5M2025+103%
Net income54-$14.3M in 2025+127% since 2023
-$15.0M-$10.0M-$5.0M02023: -$6.3M-$6.3M20232024: -$7.4M-$7.4M2024+18%2025: -$14.3M-$14.3M2025+93%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Total revenues$606.7K$2.2M
Total cost of revenues$404.5K$1.3M
GROSS PROFIT$202.2K$906.1K
Salary, wages and payroll taxes$5.5M$4.3M
Research and development$394.2K$90.4K
Professional fees$5.5M$2.2M
Selling, general and administrative expenses$2.1M$1.3M
Depreciation and amortization$304.8K$272.7K
Impairment of goodwill$684.9K
Impairment of other intangibles$146.0K
Total operating expenses$14.7M$8.1M
LOSS FROM OPERATIONS-$14.5M-$7.2M
Other income$57.1K
Interest income$178.5K$30.1K
Interest expense-$12.8K-$306.5K
Total other income (expenses), net$222.8K-$276.5K
NET LOSS-$14.3M-$7.4M
Net loss per common share, Basic-$0.85-$0.70
Net loss per common share, Diluted-$0.85-$0.70
Weighted average common shares outstanding, Basic16.9M shares10.6M shares
Weighted average common shares outstanding, Diluted16.9M shares10.6M shares

Compare Safe Pro Group Inc. with another company

Corporate structure

Safe Pro Group Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Safe Pro Group Inc.

  • Phillip Et Al Frost Md. Filed SCHEDULE 13G on Safe Pro Group Inc., latest Sep 14, 2026
  • CITADEL ADVISORS LLC Filed SCHEDULE 13G/A on Safe Pro Group Inc., latest Aug 14, 2026 (4 filings since Aug 28, 2025)
  • Christopher Michael Todd Filed SC 13D on Safe Pro Group Inc., latest Sep 11, 2024
  • Daniyel Erdberg Filed SC 13D on Safe Pro Group Inc., latest Sep 11, 2024
  • Pravin Borkar Filed SC 13D on Safe Pro Group Inc., latest Sep 11, 2024
  • Safe Pro Group Inc. Aventura, Florida

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Safe Pro Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$521.6K4 Dec 31, 2025$472.8K4 Dec 31, 2024+10.3%
Accumulated depreciation$238.5K4 Dec 31, 2025$157.9K4 Dec 31, 2024+51.1%
Property and equipment, net$283.1K4 Dec 31, 2025$314.9K4 Dec 31, 2024−10.1%
Operating-lease assets (leased space)$59.0K4 Dec 31, 2025$101.6K4 Dec 31, 2024−41.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$684.9K4 Dec 31, 2024$684.9K5 Dec 31, 20230%
Intangible assets, net (excluding goodwill)$834.5K4 Dec 31, 2025$1.1M4 Dec 31, 2024−23.3%
Finite-lived intangibles, gross$1.8M4 Dec 31, 2025$1.6M4 Dec 31, 2024+11.9%
Accumulated amortization-$974.3K4 Dec 31, 2025-$527.6K4 Dec 31, 2024−84.7%
Finite-lived intangibles, net$834.5K4 Dec 31, 2025$1.1M4 Dec 31, 2024−23.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$615.0K4 Dec 31, 2025$342.1K4 Dec 31, 2024+79.8%
Work in process$306.0K4 Dec 31, 2025$60.2K4 Dec 31, 2024+408.0%
Finished goods$18.2K4 Dec 31, 2025$22.2K4 Dec 31, 2024−18.0%

Properties, in its own words

Properties

We do not own any real property. We currently rent our executive office space located in Aventura, Florida, which serves as the operational base for the parent and for two of our subsidiaries, Airborne Response and Safe Pro AI. We also lease a 7,000 square foot facility located, in Hialeah, Florida, which is used for the manufacturing operations of our Safe-Pro USA business unit. We believe our facilities are sufficient to meet our current needs and that suitable space will be available as and when needed.

Item 2 of the 10-K filed Mar 31, 2026.3

Leadership

Who has led Safe Pro Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Daniyel Erdberg2024–now

Chair

  1. Daniyel Erdberg2026–now

President

  1. Christopher Michael Todd2024–now

Chief financial officer

  1. Theresa Carlise2024–now

Chief operating officer

  1. Jarret Daniel Mathews2026–now
2025
Board members and other officers (6)

Timeline

  1. Oct 7, 20268-K Results of operations17
  2. Aug 25, 20268-K Regulation FD disclosure18
  3. Aug 18, 20268-K Regulation FD disclosure19
  4. Aug 14, 20268-K Results of operations20
  5. Aug 6, 20268-K Regulation FD disclosure21
  6. Aug 3, 20268-K Regulation FD disclosure22
  7. Jun 23, 20268-K Regulation FD disclosure23
  8. Jun 2, 20268-K Regulation FD disclosure24
  9. May 29, 20268-K Executive or director change25
  10. May 15, 20268-K Results of operations26
  11. Apr 3, 20268-K Executive or director change27
  12. Feb 20, 20268-K Regulation FD disclosure; Other events28
  13. Aug 28, 2024New chief executive Daniyel Erdberg becomes CEO8

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.29) a share, on Nov 14, 2025.29

When it reported results

  1. Oct 7, 2026Reported quarterly or annual results17
  2. Aug 14, 2026Reported quarterly or annual results20
  3. May 15, 2026Reported quarterly or annual results26
  4. Nov 14, 2024Reported quarterly or annual results30
  5. Sep 26, 2024Reported quarterly or annual results31

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

114 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 23 major events, 32 insider forms, 8 large holders, 41 other. The latest 20:

  1. Oct 7, 20268-K EDGAR
  2. Sep 25, 20264 EDGAR
  3. Sep 14, 2026SCHEDULE 13G EDGAR
  4. Sep 11, 20264 EDGAR
  5. Aug 25, 20268-K EDGAR
  6. Aug 18, 20268-K EDGAR
  7. Aug 14, 202610-Q EDGAR
  8. Aug 14, 20268-K EDGAR
  9. Aug 14, 2026SCHEDULE 13G/A EDGAR
  10. Aug 6, 20268-K EDGAR
  11. Aug 3, 20268-K EDGAR
  12. Jun 23, 20264 EDGAR
  13. Jun 23, 20263 EDGAR
  14. Jun 23, 20268-K EDGAR
  15. Jun 8, 20264 EDGAR
  16. Jun 8, 20263 EDGAR
  17. Jun 3, 2026S-8 EDGAR
  18. Jun 2, 20268-K EDGAR
  19. May 29, 20268-K EDGAR
  20. May 29, 20264 EDGAR

The 114 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 9, 2026ERDBERG DANIYELChairman and CEOSale1,000,000$4.00$4.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Daniyel Erdberg47$510.2K$1.7M37
2024Theresa Carlise66$160.0K$596.1K37
2024Christopher Todd54$225.0K$358.5K37
2024Pravin Borkar67$140.6K$142.1K37
2023(President of Airborne Response)$225.0K$748.4K37
2023Chief Financial OfficerTreasurer & Assistant Secretary$78.9K$470.3K37
2023Chief Executive Officer$285.0K$325.6K37
2023Chief Technology Officer, and(President of Safe-Pro USA)$120.0K$120.0K37

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vanguard Capital Management LLC563,837$2.4M0.0%+110,780
Cresset Asset Management, LLC306,735$1.3M0.0%No change
Perkins Capital Management Inc230,500$998.1K0.8%−750
Geode Capital Management, LLC147,046$637.0K0.0%−3,040
Jane Street Group, LLC139,551$604.3K0.0%New
Tudor Investment Corp Et Al129,459$560.6K0.0%−96,037
Vanguard Fiduciary Trust Co75,926$328.8K0.0%+10,294
BlackRock, Inc.73,258$317.2K0.0%+13,004
State Street Corp48,615$210.5K0.0%No change
UBS Group AG44,688$193.5K0.0%−17,340
Atlantic Union Bankshares Corp30,000$129.9K0.0%+20,000
Northern Trust Corp27,378$118.5K0.0%+2,762
Squarepoint Ops LLC20,420$88.4K0.0%New
Cornerstone Select Advisors, LLC11,700$50.7K0.0%New
Granite Investment Partners, LLC10,636$46.1K0.0%No change
Royal Bank Of Canada2,990$13.0K0.0%No change
Morgan Stanley2,793$12.1K0.0%−5,927
Vanguard Global Advisers, LLC600$2.6K0.0%No change
Thompson Siegel & Walmsley LLC118,976$5150.0%No change
Simplex Trading, LLC51$2200.0%New
Hrt Financial LP45,536$1970.0%+10,121
Barclays PLC29$1260.0%−9,127
Gsa Capital Partners Llp22,378$970.0%−15,206
Virtu Financial LLC22,233$960.0%+10,876
Price T Rowe Associates Inc /md/15,400$670.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Safe Pro Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSafe Pro Group Inc.1
  • CIK0002011208
  • Employer ID (EIN)87-42270793
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address18305 Biscayne Blvd.,, Suite 222, Aventura, FL 331601
  • Phone786-409-40301
  • Shares outstanding20,362,862 as of Aug 14, 20267
  • Public float$0 as of Jun 28, 202538
  • AuditorRBSM LLP, Las Vegas, Nevada PCAOB ID 587; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceApr 17, 20241
  • Filings114 in all: 8-K (23), 4 (22), 3 (9), CORRESP (8), 10-Q (7), UPLOAD (6), EFFECT (4), 424B3 (3)1
    All 28 form types

    S-1/A (3), S-3 (3), SC 13D (3), SCHEDULE 13G/A (3), 10-K (2), S-1 (2), S-8 (2), SCHEDULE 13G (2), 10-K/A (1), 4/A (1), 424B4 (1), 424B5 (1), 8-A12B (1), ARS (1), CERT (1), DEF 14A (1), DEFA14A (1), DRS (1), DRS/A (1), DRSLTR (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Apr 30, 2025
    Latest 8-K (8-K) Oct 7, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.0001SPAINasdaq

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks Safe Pro Group Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 45 risks under these headings, as written.3

  • Risks Related to Our Business and Industry
  • We lack an established operating history on which to evaluate our consolidated business and determine if we will be able to execute our business plan, and we can give no assurance that our operations will result in profits.
  • We incurred net losses in the years ended December 31, 2025, and 2024, we cannot assure you as to when, or if we will become profitable and generate positive cash flows.
  • We may need to raise additional capital to grow our business and satisfy our anticipated future liquidity needs, and we may not be able to raise it on terms acceptable to us, or at all.
  • If we are unable to obtain additional funding when needed, our business operations will be harmed, and if we do obtain additional financing, our then-existing shareholders may suffer substantial dilution.
  • Raising capital in the future could cause dilution to our existing shareholders and may restrict our operations or require us to relinquish rights.
  • Rapid technological change in our market and/or changes in customer requirements could cause our products to become obsolete or require us to redesign our products, which would have a material adverse effect on our business, operating results and financial condition.
  • Product development is a long, expensive and uncertain process, and our failure to develop marketable products in our various markets could adversely affect our business, prospects and financial condition.
  • We compete with companies that have significantly more resources for their research and development efforts than we have or have received government contracts for the development of new products.
  • Successful technical development of our products does not guarantee successful commercialization.
  • Product quality problems, defects, errors or vulnerabilities in our products could harm our reputation and adversely affect our business, financial condition, results of operations and prospects.
  • If we lose our rights to use software we currently license from third parties, we could be forced to seek alternative technology, which could increase our operating expenses and could adversely affect our ability to compete.
The other 34 risks
  • We are dependent upon our distributors in certain jurisdictions to provide localized support and other local services which assist us in avoiding certain costs and investments.
  • If critical components or raw materials used to manufacture our products become scarce or unavailable, then we may incur delays in manufacturing and delivery of our products, which could damage our business.
  • Our potential customers for our Safe-Pro USA products are likely to include U.S. Government or Government-related entities that are subject to appropriations by Congress. Reduced funding for defense procurement and research and development programs would likely adversely impact on our ability to generate revenues.
  • Opportunities for expanded uses of our drone-based services in the United States are limited by federal and state laws and rulemaking.
  • Rapidly evolving technological advances in aviation, aerospace, automation, and/or remote sensing may reduce demand for some of our service offerings.
  • One of our key customers may bolster its in-house aerial drone capabilities, thereby reducing dependency on our services.
  • Some of our products may be subject to government regulations pertaining to exportation, which may limit the markets in which we can sell some of our products.
  • Economic conditions in the U.S. and worldwide could adversely affect our revenues.
  • Sales to customers outside the United States or with international operations expose us to risks inherent in international sales.
  • Geopolitical and macroeconomic events and conditions could adversely affect our business, operating results, financial condition and cash flows.
  • We intend to pursue strategic transactions in the future, which could be difficult to implement, disrupt our business or change our business profile significantly.
  • If we fail to protect our intellectual property rights, we could lose our ability to compete in the marketplace.
  • If we fail to protect our intellectual property rights, our ability to pursue the development of our technologies and products would be negatively affected.
  • Other companies may claim that we infringe their intellectual property, which could materially increase our costs and harm our ability to generate future revenue and profit.
  • Security breaches, including cybersecurity incidents and other disruptions could compromise our information, expose us to liability and harm our reputation and business.
  • We do not carry insurance against all potential risks and losses, and our insurance might be inadequate to cover all of our losses or liabilities or may not be available on commercially reasonable terms.
  • The nature of our business involves significant risks and uncertainties that may not be covered by insurance or indemnity.
  • If a successful product liability claim was made against us, our business could be seriously harmed.
  • If we are unable to recruit and retain key management, technical and sales personnel, our business will be negatively affected.
  • If we are required to reclassify independent contractors as employees, we may incur additional costs and taxes which could adversely affect our business, financial condition, results of operations and prospects.
  • The control deficiencies in our internal control over financial reporting may, until remedied, cause errors in our financial statements or cause our filings with the SEC to not be timely.
  • Risks Relating to our Common Stock
  • A sustained, active trading market for our common stock may not be maintained, which may limit investors’ ability to sell shares at all or at an acceptable price.
  • Our stock price may be volatile, which could result in substantial losses to investors and litigation.
  • We have never declared or paid cash dividends on our common stock, and we do not anticipate paying any cash dividends on our common stock in the foreseeable future.
  • There is an increased potential risk for new public companies similar to ours of rapid and substantial price volatility which may add to the risk of investing in our company.
  • We may need to raise additional capital in the future. Additional capital may not be available to us on reasonable terms, if at all, when or as we require. If we issue additional shares of our common stock or other securities that may be convertible into, or exercisable or exchangeable for, our common stock, our existing stockholders will experience further dilution and could trigger anti-dilution provisions in outstanding warrants.
  • Our officers and directors are entitled to indemnification from us for liabilities under our certificate of incorporation, which could be costly to us and may discourage the exercise of stockholder rights.
  • Our bylaws and Delaware law may discourage, delay or prevent a change of control of our company or changes in our management, which could have the result of depressing the trading price of our common stock.
  • If equity research analysts do not publish research or reports about our business, or if they issue unfavorable commentary or downgrade our common stock, the market price of our common stock will likely decline.
  • Our certificate of incorporation and bylaws provides that the state and federal courts located in the State of Delaware will be the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • Our certificate of incorporation allows our board of directors to create a new series of preferred stock without further approval by our stockholders, which could adversely affect the rights of the holders of our common stock.
  • Our failure to meet the continued listing requirements of the Nasdaq could result in de-listing of our common stock.
  • If we are a “controlled company” under the rules of Nasdaq, we may choose to exempt our company from certain corporate governance requirements that could have an adverse effect on our public stockholders.
  • As an “emerging growth company” under the Jumpstart Our Business Startups Act, or JOBS Act, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements.

Legal proceedings

From time to time, we may become involved in various lawsuits and legal proceedings that arise in the ordinary course of business. Neither our company nor any of our subsidiaries is currently a party to any legal proceeding that, individually or in the aggregate, is material to our company as a whole.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38