Safe Pro Group Inc. (NASDAQ: SPAI) has reported second-quarter 2026 revenue of approximately $1.33 million, a 1,336% increase from $92,753 in the same period last year. The substantial growth was driven by AI product sales and U.S. government contract activity, according to a company announcement.
Quarterly sales from the company's AI subsidiary surged more than 3,084% year over year, supported by U.S. Army-contracted sales of its AI-powered Navigation, Observation & Detection Engine (NODE) and services and support revenue. The company's AI gross margin reached 75%, reflecting strong profitability in its core technology segment.
During the quarter, Safe Pro received four government contracts, including work supporting the U.S. Army and a U.S. Air Force Small Business Innovation Research (SBIR) award. Additionally, the company received an award from a leading U.S. defense prime contractor to integrate its AI-powered explosive threat detection technology aboard next-generation autonomous unmanned ground vehicles. These contracts underscore the company's growing role in defense and security applications.
The company also completed its board-approved stock repurchase program, under which it purchased 637,084 shares in the open market, signaling confidence in its financial position and future prospects.
Safe Pro Group is a mission-driven technology company delivering AI-enabled security and defense solutions. Through platforms like SPOTD, the company provides advanced situational awareness tools for defense, humanitarian, and homeland security applications globally. It specializes in drone imagery processing, leveraging commercially available off-the-shelf drones with proprietary machine learning and computer vision technology to enable rapid identification of explosive threats, offering a safer and more efficient alternative to traditional human-based analysis.
Built on a cloud-based ecosystem powered by Amazon Web Services (AWS), Safe Pro's scalable platform targets multiple markets, including commercial, government, law enforcement, and humanitarian sectors. The company's AI software, protective gear, and drone-based services work in synergy to deliver safety and operational efficiency.
The record revenue and high gross margin highlight the increasing adoption of AI-driven solutions in defense and security. The contracts with the U.S. Army, Air Force, and a leading defense prime contractor demonstrate the trust in Safe Pro's technology for critical missions. The integration of its explosive threat detection technology into autonomous unmanned ground vehicles could set a new standard for battlefield safety and efficiency.
Investors and industry observers will likely view the company's performance as a positive indicator for the AI defense sector. The completion of the stock repurchase program may also be seen as a signal of management's belief in the company's intrinsic value.
For more information, visit the company's newsroom at http://ibn.fm/SPAI or the Safe Pro Group website at https://safeprogroup.com.
