RDW
Redwire Corporation
RDW has the edge over SPAI overall, supported by stronger modeled upside.
SPAI
Safe Pro Group Inc. Common Stock
SPAI has lower modeled downside risk, despite its lower overall score.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
SPAI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Weak | |
| Unavailable |
SPAI's revenue is currently strong, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
SPAI PE Valuation
SPAI has no meaningful PE right now: it lost money over the past year.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
SPAI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SPAI's losses to shrink, with revenue growing.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW has the edge over SPAI in the latest year-over-year earnings comparison.
SPAI Earnings Per Share
SPAI lost $0.74 per share over the past year, a bigger loss than the year before.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW has the edge over SPAI on profitability, with a higher operating margin.
SPAI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.3M | +1336% |
| Q1 2026 | $1.2M | +560% |
| Q4 2025 | $227.7K | -74% |
| Q3 2025 | $101.4K | -69% |
| Q2 2025 | $92.8K | -86% |
| Q1 2025 | $184.8K | -40% |
| Q4 2024 | $887.8K | +220% |
| Q3 2024 | $330.8K | +102% |
SPAI's revenue is growing: $1M last quarter, up 1336% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -246% | +1828 points |
| Q1 2026 | -239% | +1929 points |
| Q4 2025 | -1936% | -1778 points |
| Q3 2025 | -4149% | -3078 points |
| Q2 2025 | -2074% | -1899 points |
| Q1 2025 | -2168% | -1815 points |
| Q4 2024 | -158% | +1433 points |
| Q3 2024 | -1071% | -656 points |
SPAI's operating margin was −246% last quarter, up 1828 points from the same quarter a year ago.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has the edge over SPAI on cash flow, with more consistent year-over-year improvement.
SPAI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$2.9M | -$1.9M |
| Q1 2026 | -$1.2M | -$266.2K |
| Q4 2025 | -$2.7M | -$1.6M |
| Q3 2025 | -$1.6M | +$306.4K |
| Q1 2025 | -$960K | -$392K |
| Q4 2024 | -$1M | -$787.1K |
| Q3 2024 | -$1.9M | -$1.3M |
| Q1 2024 | -$568K | -$568K |
SPAI has burned cash in almost every quarter: −$8M over the past year, against −$5M the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
SPAI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -118K shares |
| 1 year | +35% | +5.3M shares |
| 3 years | +174% | +13M shares |
SPAI has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $1.6M |
| Q1 2026 | $731,079 |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SPAI Net Leverage
SPAI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
SPAI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.3 | Neutral |
| Stochastic | 4.7 | Oversold |
SPAI's weekly RSI is 37 (neutral) and its Stochastic is 5 (oversold).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
SPAI PE vs Industrials Sector
SPAI has no meaningful PE right now: it lost money over the past year.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
SPAI has stronger trend alignment. RDW is above 0 of 5 weekly averages versus SPAI above 0 of 4.
SPAI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.53 | 20% below |
| 20 week MA | $4.11 | 32% below |
| 50 week MA | $4.43 | 37% below |
| 100 week MA | $4.31 | 35% below |
SPAI is in a downtrend: it's below all four of its weekly moving averages, and 35% below its 100-week average.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over SPAI on returns for 2026, with the stronger performance.
SPAI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $4.25 | $4.48 | +5.4% |
| 2025 | $4.48 | $4.27 | -4.7% |
| 2026 YTD | $4.27 | $2.81 | -34% |
SPAI has finished lower in one of the last two years. It's down 34% so far in 2026.