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Safe Pro Group (SPAI) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Safe Pro Group (SPAI) Q2 2026 earnings results →

Q2 2026 Revenue up 1336% year over year to $1.3M · 238¢ of every $1 of revenue lost · operating margin -245.6%

Safe Pro Group made $1.3M in Q2 2026 (14× Y/Y): Safe Pro AI $934K, Airborne Response $284K, Safe-Pro USA $114K. Operating margin -245.6%, net loss $3.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$1.3M
Year over year14×
Operating margin-245.6%
Net earnings−$3.2M
Operating cash flow−$2.9M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.3M in Q2 2026, up 1336% year over year and up 9% from the previous quarter. Safe Pro AI was the largest line at 70% of revenue. Safe Pro AI added $905K year over year (up 3084%), 73% of the total change.

Gross margin was 64.0%, up 30.0 points from Q2 2025. Operating costs exceeded revenue by $3.3M, an operating margin of -245.6%. Operating expenses grew 111% against revenue growth of 1336%. The fastest-growing cost line was Research & development (+977%). The quarter ended with a net loss of $3.2M, wider than the previous quarter's $2.8M loss.

Operating cash flow was −$2.9M. Non-cash charges added back $89K of depreciation and amortization. Working capital and other items added $202K. Capital expenditures of $60K exceeded it, leaving free cash flow of −$2.9M.

Quarterly history

Safe Pro Group revenue by quarterSafe Pro Group revenue by quarter$888KQ4 2024$185KQ1 2025$93KQ2 2025$101KQ3 2025$228KQ4 2025$1.2MQ1 2026$1.3MQ2 2026
Safe Pro Group net earnings by quarterSafe Pro Group net earnings by quarter−$1.4MQ4 2024−$4.0MQ1 2025−$1.9MQ2 2025−$5.0MQ3 2025−$3.4MQ4 2025−$2.8MQ1 2026−$3.2MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$1.3M14×-245.6%−$3.2M−$2.9M
Q1 202610-QMay 15, 2026$1.2M+560%-239.1%−$2.8M−$1.2M
Q4 202510-KMar 31, 2026$228K-74%n/m−$3.4M−$2.7M
Q3 202510-QNov 14, 2025$101K-69%n/m−$5.0M−$1.6M
Q2 202510-QAug 14, 2025$93K-86%n/m−$1.9M−$1.0M
Q1 202510-QMay 15, 2025$185K-40%n/m−$4.0M−$942K
Q4 202410-KMar 31, 2025$888K+220%-157.9%−$1.4M−$1.0M

Charts

Safe Pro Group: revenue growth, year over year and quarter over quarterSafe Pro Group: revenue growth, year over year and quarter over quarterY/YQ/Q+220%Q4 2024-40%-79%Q1 2025-86%-50%Q2 2025-69%+9%Q3 2025-74%+125%Q4 2025+400%+400%Q1 2026+400%+9%Q2 2026
Latest (Q2 2026): Y/Y +400%, Q/Q +9%.
Safe Pro Group: where the cash came from (+) and went (−), TTM to Q2 2026Safe Pro Group: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$17.9MCash drawn (+) / kept (−)−$9.4MOperating cash flow−$8.3MCapital spending−$136KOther investing−$51K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Safe Pro Group: profit against cash, quarter by quarterSafe Pro Group: profit against cash, quarter by quarterNet incomeOperating cash flow−$3.7M−$1.9MQ3 2024−$1.4M−$1.0MQ4 2024−$4.0M−$942KQ1 2025−$1.9M−$1.0MQ2 2025−$5.0M−$1.6MQ3 2025−$3.4M−$2.7MQ4 2025−$2.8M−$1.2MQ1 2026−$3.2M−$2.9MQ2 2026
Latest (Q2 2026): Net income −$3.2M, Operating cash flow −$2.9M.
Safe Pro Group: diluted shares by fiscal yearSafe Pro Group: diluted shares by fiscal year8MFY202311MFY202417MFY2025
+111.7% since FY2023: more shares outstanding (issuance, stock pay).
Safe Pro Group: long-term debt falling due (FY2025)Safe Pro Group: long-term debt falling due (FY2025)$3K2026$3K2027$3K2028$3K2029$4K2030$130KLater
Cash $16.8M, short-term investments —, long-term debt $146K at 2025-12-31.
Safe Pro Group in its industry: growth against margin (192 companies, SIC 7372)Safe Pro Group in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCPCTYZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYSPAI (+300%, -100%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Safe Pro Group

Safe Pro Group Inc. (Nasdaq: SPAI) is a mission-driven technology company delivering AI-enabled security and defense solutions. Through cutting-edge platforms like SPOTD, Safe Pro provides advanced situational awareness tools for defense, humanitarian, and homeland security applications globally. The Company is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing and mapping, leveraging commercially available off-the-shelf drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosive threats, providing a safer and more efficient alternative to traditional human-based analysis methods.

In its own words, from its 8-K, filed Oct 7, 2026.

Safe Pro Group against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: 14× against the peers' median +19%. Operating margin: -245.6% against the peers' median 15.2%.

CompanyQuarterRevenueY/YOp. margin
SPAI Safe Pro GroupQ2 2026$1.3M14×-245.6%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: Safe Pro Group 10-Q on SEC EDGAR · CIK 2011208 · Services-Prepackaged Software

13F: who owns SPAI and who is buying

Largest holders of SPAI (13F)Largest holders of SPAI (13F)Vanguard Capital Management LLC$2.4MCresset Asset Management, LLC$1.3MVanguard Group$1.3MPerkins Capital Management$1.0MThemes Management Co LLC$1.0MGeode Capital Management, LLC$637KJane Street Group, LLC$604KTudor Investment Corp et Al$561KThompson Siegel & Walmsley LLC$515KVanguard Fiduciary Trust$329K
Funds' net buying of SPAI by quarter (13F)Funds' net buying of SPAI by quarter (13F)$02024-12$14K2025-03$15K2025-06$11.3M2025-09$2.9M2025-12−$1.5M2026-03−$2.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on SPAI

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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