SPAI
Safe Pro Group Inc. Common StockIndustrials·Aerospace & Defense
$6.15
$104M market cap
Revenue
$1.4M
Free Cash Flow
$-3.9M
Rev Growth
+0.0%
FCF Margin
-271.7%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Safe Pro Group Inc. manufactures and sells personal protective gear and ballistic protection products in the United States. The company offers explosive ordinance disposal and unexploded ordinance disposal products; ballistic vests; and body armor, helmets, and ballistic blankets, as well as aerial managed services (drones) for the inspection of radio towers and power grids. It also develops artificial intelligence-powered detection and data analysis and reporting tools for hyper-scalable and cl
2-Year Price History
$4.23-0.5%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 1.2 | -2.8 | -2.9 | -2.8 | -1.2 | -1.3 | -0.1 | 14.8 | 0.2 | 20.6 | -328.5% | -947.5x | -- |
| Act | 2025-Q4 | 0.2 | -3.4 | -3.6 | -3.4 | -2.7 | -2.7 | -0.0 | 16.8 | 0.2 | 17.1 | -240.2% | -722.1x | -- |
Valuation & Metrics
Market Stats
Price$6.15
Market Cap$104M
Enterprise Value$89M
P/S Ratio71.6x
P/FCF--
EV/FCF--
FCF Margin (TTM)-271.7%
FCF Yield-3.8%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$1.4M
Net Income$-6.2M
Free Cash Flow$-3.9M
Revenue Growth (YoY)+0.0%
EBITDA Margin-427.6%
Net Margin-430.0%
FCF Margin-271.7%
CapEx % of Revenue3.9%
SBC % of Revenue144.0%
ROIC-284.4%
WC Change % Rev13.9%
Interest Coverage-810.5x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.4M
Days to Cover3.0
Change (vs Prior)-12.0%
Need at least 2 settlement dates for chart
Employees
Headcount11
Revenue / Employee$131,621
Gross Profit / Employee$-72,788
Cash Runway
45.1months
WATCH
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
10.3%(+9.8% YoY)
20 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
4.4%(+4.4% YoY)
7 filers
Vanguard, iShares, SPDR
Market makers
0.2%(+0.1% YoY)
3 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| CITADEL ADVISORS LLC | $2.0M | $6.62 | +$307K | +$2.0M | -0.4% | $138.22B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $1.7M | $3.81 | +$1.7M | +$1.7M | — | $4.04T |
| Cresset Asset Management, LLC | $1.2M | $4.81 | +$119K | +$641K | -0.0% | $23.10B |
| Ghisallo Capital Management LLC | $953K | $4.16 | −$137K | +$953K | +1.5% | $2.56B |
| PERKINS CAPITAL MANAGEMENT INC | $881K | $3.81 | +$881K | +$881K | -1.7% | $105M |
| TUDOR INVESTMENT CORP ET AL | $859K | $6.78 | −$197K | +$859K | -0.3% | $17.85B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $572K | $5.58 | +$82K | +$572K | +2.3% | $1.61T |
| THOMPSON SIEGEL & WALMSLEY LLC | $453K | $3.81 | +$453K | +$453K | -0.2% | $5.66B |
| VANGUARD FIDUCIARY TRUST COPassive | $250K | $3.81 | +$250K | +$250K | — | $395.83B |
| UBS Group AG | $236K | $4.12 | −$71K | +$216K | -0.3% | $562.11B |
| BlackRock, Inc.Passive | $230K | $5.05 | +$37K | +$230K | -0.2% | $5.69T |
| STATE STREET CORPPassive | $185K | $7.02 | +$0 | +$185K | -0.2% | $2.89T |
| GSA CAPITAL PARTNERS LLP | $143K | $3.81 | +$143K | +$143K | -5.9% | $1.61B |
| HRT FINANCIAL LP | $134K | $3.81 | +$135K | +$134K | -0.6% | $39.46B |
| NORTHERN TRUST CORPPassive | $94K | $6.35 | +$0 | +$94K | -0.2% | $755.34B |
| DGS Capital Management, LLC | $72K | $4.16 | +$0 | +$72K | -0.0% | $607M |
| TWO SIGMA SECURITIES, LLCMM | $60K | $3.83 | −$20K | +$60K | -3.0% | $858M |
| PRICE T ROWE ASSOCIATES INC /MD/ | $59K | $4.16 | +$0 | +$59K | -0.2% | $864.93B |
| Prospera Financial Services Inc | $48K | $6.77 | +$4K | +$48K | +0.1% | $6.19B |
| Virtu Financial LLCMM | $43K | $2.32 | +$4K | +$4K | -2.0% | $2.41B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.34%
avg per quarter
Holders (ex-self)
-0.34%
excl. this stock
Buyers (this Q)
-1.45%
14 buyers · $0.00B in
Sellers (this Q)
+0.29%
9 sellers · $0.00B out
alpha coverage: 81% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+7.5%
how holders react when this stock falls
On quiet Qs
-0.5%
−10% to +10% baseline
On rallies (+10%+)
+17.2%
how they react when this stock rises
Holders' portfolio flow this Q
+8.6%
inflows — adds are organic
Sellers' portfolio flow this Q
+26.2%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-7.3%
Holder mid (any stock)
-5.5%
Holder rally (any stock)
-18.8%
Biggest decreases this quarter
DAVIDSON KEMPNER CAPITAL MANAGEMENT LPexited−$3.1MRENAISSANCE TECHNOLOGIES LLCexited−$322KTUDOR INVESTMENT CORP ET AL−$197Kα-0.3Ghisallo Capital Management LLC−$137Kα+1.5UBS Group AG−$71Kα-0.3TWO SIGMA SECURITIES, LLC−$20Kα-3.0BARCLAYS PLC−$5Kα-0.1ROYAL BANK OF CANADA−$0α-0.2MORGAN STANLEY−$0α-0.3BANK OF AMERICA CORP /DE/exited−$0
New buyers this quarter
Top-5 holders · 65.2%
CITADEL ADVISORS LLC--
VANGUARD CAPITAL MANAGEMENT LLC--
Cresset Asset Management, LLC--
Ghisallo Capital Management LLC--
PERKINS CAPITAL MANAGEMENT INC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
CITADEL ADVISORS LLC531KDAVIDSON KEMPNER CAPITAL MANAGEMENT LP—Cresset Asset Management, LLC307KTUDOR INVESTMENT CORP ET AL225KGhisallo Capital Management LLC250KPERKINS CAPITAL MANAGEMENT INC231KInformed Momentum Co LLC—RENAISSANCE TECHNOLOGIES LLC—THOMPSON SIEGEL & WALMSLEY LLC119KNewEdge Advisors, LLC—
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (1 analysts)$13.0011140.0%
Current Price$6.15
Corporate
Order Flow (FINRA, ~3w lag)
42.6%retail-5.0pp
8.7%dark+0.8pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Safe Pro Group Inc.: A Share-Printing Machine Cloaked in AI Drone Tech
Overall Risk
8/10
Fraud
5/10
Dilution
10/10
Insolvency
6/10
Earnings Overstated
4/10
Hidden Liabilities
5/10
Legal
3/10
Audit Warnings
7/10
Hidden Upside
2/10
Contextually Acceptable
3/10