Filing Flows › Safe Pro Group (SPAI) › Q1 2025
Safe Pro Group (SPAI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Safe Pro Group (SPAI) reported revenue of $185K for the first quarter 2025 (Q1 2025), -40% from a year earlier and -79% from the quarter before.
Safe Pro Group, Q1 2025: revenue $185K (-40% year over year), net loss $4.0M, operating cash flow −$942K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $185K | -79% | -40% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$4.0M | — | — |
| Operating cash flow | −$942K | — | — |
What changed
Revenue was $185K in Q1 2025, down 40% year over year and down 79% from the previous quarter. Safe-Pro USA was the largest line at 76% of revenue. Safe-Pro USA lost $82K year over year (down 37%), 67% of the total change.
Gross margin was 33.3%, down 8.0 points from a year earlier. Operating costs exceeded revenue by $4.0M, an operating margin of -2167.6%. Operating expenses grew 236% against a revenue fall of 40%. The fastest-growing cost line was Other operating costs (+294%). The quarter ended with a net loss of $4.0M, wider than the previous quarter's $1.4M loss.
Operating cash flow was −$942K. Non-cash charges added back $103K of depreciation and amortization. Working capital and other items added $2.9M. Capital expenditures of $18K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Safe Pro Group's revenue in the first quarter 2025?
Safe Pro Group (SPAI) reported revenue of $185K for the first quarter 2025 (Q1 2025), -40% from a year earlier and -79% from the quarter before.
Source: Safe Pro Group 10-Q on SEC EDGAR.