Safe Pro Group Inc. (NASDAQ: SPAI) reported a 560% increase in quarterly revenue for the period ending March 31, 2026, driven by a 2,400% surge in its high-margin artificial intelligence sales. The company, which provides AI-powered security and defense solutions, also announced the formation of a new growth team to accelerate U.S. government contract awards.
Revenue rose to over $1,220,129, up from $184,809 in the first quarter of 2025, according to the company’s financial results (https://ibn.fm/RLuo5). The growth was largely attributed to contracted sales of its AI-powered, drone-based video and image analysis systems. Consolidated gross margins exceeded 68%, inclusive of depreciation, validating the company’s scalable business model. Safe Pro ended the quarter with $14.8 million in cash and minimal debt.
Operational highlights include the delivery of multiple Edge processing systems under a $1,000,000 government contract, along with a contract modification to provide support for these systems. The company’s Navigation, Observation & Detection Engine (NODE) and the new NODE-X miniaturized Edge processing solution have generated growing interest following live demonstrations and exercises conducted by the U.S. Army. These engagements allow Safe Pro to interact directly with defense decision-makers, potentially leading to product acquisition and deployment.
To capitalize on this momentum, Safe Pro launched a new Growth Team (https://ibn.fm/AQtOI) led by Brian Mack as Chief Growth Officer and Benjamin Chitty as Vice President of Government Growth. The team will focus on securing U.S. government awards through teaming agreements with prime contractors.
“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,” said Dan Erdberg, Chairman and CEO of Safe Pro Group. “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.”
The company’s core technology is a patented computer vision software that rapidly detects small objects in drone-based videos and images, enabling safer and more efficient field operations. Safe Pro serves law enforcement, humanitarian, homeland security, and defense sectors, also offering drone-based services and ballistic protective gear.
The financial and operational results underscore the growing demand for AI-driven defense solutions, positioning Safe Pro to expand its footprint within the U.S. government and beyond.
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