Safe Pro Group Inc.
SPAI Industrials Aerospace & Defense
Safe Pro Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $606,700.00, down 72.0% from fiscal 2024. In the quarter to June 2026, revenue grew 1,335.5%, EPS fell 15.4%, free cash flow fell 159.1% and total debt was flat, each against the same quarter a year earlier.
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Safe Pro Group Inc. (SPAI) Piotroski F-score
Safe Pro Group Inc.'s Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (119.04%) | (177.29%) | Fail | 0 |
| Positive operating cash flow | (6.22m) | (4.10m) | Fail | 0 |
| Rising return on assets | (119.04%) | (177.29%) | Pass | 1 |
| Cash flow above net income | 8.11m | 3.33m | Pass | 1 |
| Falling long-term leverage | 0.01 | 0.03 | Pass | 1 |
| Rising current ratio | 14.33 | 3.08 | Pass | 1 |
| No new shares issued | 16,907,000 | 10,613,000 | Fail | 0 |
| Rising gross margin | 33.33% | 41.77% | Fail | 0 |
| Rising asset turnover | 0.05 | 0.52 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| OPXS Optex Systems Holdings Inc. compare | 8 |
| MNTS Momentus Inc. compare | 5 |
| BYRN Byrna Technologies Inc. compare | 4 |
| SPAI Safe Pro Group Inc. | 4 |
| CVU CPI Aerostructures, Inc. compare | 1 |
| HOVR New Horizon Aircraft Ltd. compare | — |
| FJET Starfighters Space, Inc. compare | — |
| PEW GrabAGun Digital Holdings Inc. compare | — |
| EVTL Vertical Aerospace Ltd. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover