Safe Pro Group (NASDAQ: SPAI), a provider of AI-powered security and defense solutions, announced its financial results for the quarter ending March 31, 2026, demonstrating substantial growth driven by its artificial intelligence products. The company reported quarterly revenue of over $1,220,129, a 560% increase compared to $184,809 in the same period of 2025. This growth was propelled by a 2,400% surge in Safe Pro AI quarterly revenue, largely attributed to new contracted sales of its AI-powered and drone-based video and image analysis systems.
The company's quarterly consolidated gross margins exceeded 68%, inclusive of depreciation, validating the scalability of its business model. Safe Pro ended the quarter with a strong balance sheet, holding $14.8 million in cash and minimal debt. These financial highlights were detailed in the company's press release (https://ibn.fm/RLuo5).
Operationally, Safe Pro achieved several milestones during the quarter. The company delivered multiple Edge processing systems under a $1,000,000 government contract, and a subsequent contract modification expanded the scope to include support for these systems. Interest in Safe Pro's Navigation, Observation & Detection Engine (NODE) and the new NODE-X miniaturized Edge processing solution continues to grow following live demonstrations and exercises conducted by the U.S. Army. These events allow Safe Pro to engage directly with defense industry decision-makers, potentially leading to product acquisition and deployment.
Safe Pro also expanded its leadership team and launched a new Growth Team (https://ibn.fm/AQtOI), led by Chief Growth Officer Brian Mack and Vice President of Government Growth Benjamin Chitty. This team is focused on securing additional U.S. government contract awards through teaming agreements with Prime Contractors.
Chairman and CEO Dan Erdberg commented on the results, stating, 'We believe Safe Pro is well positioned to capitalize on the AI era with the momentum we see building for our patented AI solutions within the U.S. Government. Supported by a strong balance sheet, expanded team of accomplished military acquisition specialists, and an enhanced portfolio of real-world proven solutions, we are excited about our future.'
Safe Pro Group delivers AI-powered security and defense solutions to law enforcement, humanitarian, homeland security, and defense industries. Its core technology is patented computer vision software that rapidly detects small objects in drone-based videos and images, enabling more efficient and safe field operations.
