Safe Pro Group Inc.

NasdaqCM:SPAI Stock Report

Market Cap: US$95.7m

Safe Pro Group Management

Management criteria checks 2/4

Safe Pro Group's CEO is Dan Erdberg, appointed in Dec 2021, has a tenure of 4.75 years. total yearly compensation is $4.18M, comprised of 8.6% salary and 91.4% bonuses, including company stock and options. directly owns 23.32% of the company’s shares, worth $22.32M. The average tenure of the management team and the board of directors is 3.3 years and 4.3 years respectively.

Key information

Dan Erdberg

Chief executive officer

US$4.2m

Total compensation

CEO salary percentage8.60%
CEO tenure4.8yrs
CEO ownership23.3%
Management average tenure3.3yrs
Board average tenure4.3yrs

Recent management updates

Recent updates

Seeking Alpha • Aug 23

Safe Pro Group: AI Takes Off, But A High-Risk Buy

Summary Safe Pro Group receives a high-risk buy rating with a $7.16 price target, reflecting roughly 33% upside potential. SPAI's AI segment now leads revenue growth, posting 1,336% YoY Q2 revenue growth and securing over $5 million in 2026 AI-related orders. Gross margin expanded to 64%, but customer concentration, lack of SaaS revenue, and continued operating losses highlight ongoing risks. Cash burn remains significant, with a 40% decline in six months, and options/warrants present dilution risk as the business scales. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Dan Erdberg's remuneration changed compared to Safe Pro Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-US$14m

Mar 31 2026n/an/a

-US$13m

Dec 31 2025US$4mUS$360k

-US$14m

Sep 30 2025n/an/a

-US$12m

Jun 30 2025n/an/a

-US$11m

Mar 31 2025n/an/a

-US$10m

Dec 31 2024US$2mUS$510k

-US$7m

Sep 30 2024n/an/a

-US$10m

Jun 30 2024n/an/a

-US$7m

Mar 31 2024n/an/a

-US$7m

Dec 31 2023US$326kUS$285k

-US$6m

Dec 31 2022US$156kUS$77k

-US$508k

Compensation vs Market: Dan's total compensation ($USD4.18M) is above average for companies of similar size in the US market ($USD649.34K).

Compensation vs Earnings: Dan's compensation has increased whilst the company is unprofitable.

CEO

Dan Erdberg (48 yo)

4.8yrs
Tenure
US$4,183,654
Compensation

Mr. Daniyel Erdberg, also known as Dan, had been Chief Executive Officer and Director of ComSovereign Holding Corp. (formerly known as Drone Aviation Holding Corp.) since September 4, 2019 until November 2...

Leadership Team

NamePositionTenureCompensationOwnership
Daniyel Erdberg
Founder4.8yrsUS$4.18m23.32%
$ 22.3m
Theresa Carlise
CFO, Treasurer & Assistant Secretary3.3yrsUS$519.50k1.48%
$ 1.4m
Pravin Borkar
CTO & Director4.3yrsUS$145.53kno data
Christopher Todd
President & Founder of Airborne Response Corp.10.1yrsUS$258.53k3.54%
$ 3.4m
Jarret Mathews
Chief Operating Officerless than a yearno data0.16%
$ 152.7k
Jasper Baur
Chief Scientist & Co-Founder of Safe Pro AIless than a yearno datano data
Jonathan Leinwand
General Counsel & Secretaryno datano data2.95%
$ 2.8m
Reginald Brown
Director of Worldwide Salesno datano datano data
Brian Mack
Chief Growth Officerless than a yearno datano data
Gabriel Steinberg
Head of Product & Co-Founder of Safe Pro AIno datano datano data
Thomas Bass
Controllerno datano datano data
3.3yrs
Average Tenure
55yo
Average Age

Experienced Management: SPAI's management team is considered experienced (3.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Daniyel Erdberg
Founder4.8yrsUS$4.18m23.32%
$ 22.3m
Pravin Borkar
CTO & Director4.3yrsUS$145.53kno data
Lee Van Arsdale
Independent Directorno dataUS$190.25k0.48%
$ 459.7k
John Miller
Independent Directorno dataUS$190.25k0.37%
$ 352.5k
Arthur Dean
Independent Directorno dataUS$190.25k0.37%
$ 352.5k
Young Bang
Chairman of Strategic Advisory Board1.5yrsno datano data
4.3yrs
Average Tenure
68yo
Average Age

Experienced Board: SPAI's board of directors are considered experienced (4.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 23:13
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Safe Pro Group Inc. is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maxwell MichaelisLake Street Capital Markets, LLC
Theodore O'NeillLitchfield Hills Research, LLC
Michael LatimoreNorthland Capital Markets