Filing Flows › Safe Pro Group (SPAI) › Q4 2025
Safe Pro Group (SPAI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Safe Pro Group (SPAI) reported revenue of $228K for the fourth quarter 2025 (Q4 2025), -74% from a year earlier and +125% from the quarter before.
Safe Pro Group, Q4 2025: revenue $228K (-74% year over year), net loss $3.4M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $228K | +125% | -74% |
| Operating profit | −$4.4M | — | — |
| Net earnings | −$3.4M | — | — |
| Operating cash flow | −$2.7M | — | — |
What changed
Revenue was $228K in Q4 2025, down 74% year over year and up 125% from the previous quarter. Airborne Response was the largest line at 67% of revenue.
Gross margin was 33.1%, down 19.1 points from Q4 2024. Operating costs exceeded revenue by $4.4M, an operating margin of -1936.2%. Operating expenses grew 140% against a revenue fall of 74%. The fastest-growing cost line was Research & development (+5911%). The quarter ended with a net loss of $3.4M, narrower than the previous quarter's $5.0M loss. Non-operating items added $1.0M, -28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.7M. Non-cash charges added back $76K of depreciation and amortization. Working capital and other items added $691K. Capital expenditures of $23K exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Safe Pro Group's revenue in the fourth quarter 2025?
Safe Pro Group (SPAI) reported revenue of $228K for the fourth quarter 2025 (Q4 2025), -74% from a year earlier and +125% from the quarter before.
Source: Safe Pro Group 10-K on SEC EDGAR.