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Side-by-side financial comparison of HWH International Inc. (HWH) and Safe Pro Group Inc. (SPAI). Click either name above to swap in a different company.

Safe Pro Group Inc. is the larger business by last-quarter revenue ($227.7K vs $206.8K, roughly 1.1× HWH International Inc.). HWH International Inc. runs the higher net margin — -140.7% vs -1507.6%, a 1366.9% gap on every dollar of revenue. HWH International Inc. produced more free cash flow last quarter ($-217.9K vs $-2.7M).

HWH International Inc operates in the global luxury hospitality and lifestyle services industry, providing premium travel membership programs, curated high-end travel experiences, and exclusive access to luxury resorts, fine dining venues, and premium leisure facilities. Its key markets include North America, Asia Pacific, and Europe, serving high-net-worth individuals and corporate clients.

HWH vs SPAI — Head-to-Head

Bigger by revenue
SPAI
SPAI
1.1× larger
SPAI
$227.7K
$206.8K
HWH
Higher net margin
HWH
HWH
1366.9% more per $
HWH
-140.7%
-1507.6%
SPAI
More free cash flow
HWH
HWH
$2.5M more FCF
HWH
$-217.9K
$-2.7M
SPAI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
HWH
HWH
SPAI
SPAI
Revenue
$206.8K
$227.7K
Net Profit
$-291.0K
$-3.4M
Gross Margin
59.8%
33.1%
Operating Margin
-142.7%
-1936.2%
Net Margin
-140.7%
-1507.6%
Revenue YoY
-40.2%
Net Profit YoY
46.9%
EPS (diluted)
$-0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HWH
HWH
SPAI
SPAI
Q4 25
$227.7K
Q3 25
$206.8K
$101.4K
Q2 25
$310.4K
$92.8K
Q1 25
$184.8K
Q4 24
$287.1K
Q3 24
$345.5K
$330.8K
Q2 24
$334.9K
$643.0K
Q1 24
$286.1K
Net Profit
HWH
HWH
SPAI
SPAI
Q4 25
$-3.4M
Q3 25
$-291.0K
$-5.0M
Q2 25
$83.4K
$-1.9M
Q1 25
$-4.0M
Q4 24
$-476.7K
Q3 24
$-548.5K
$-3.7M
Q2 24
$-387.9K
$-1.2M
Q1 24
$-1.3M
Gross Margin
HWH
HWH
SPAI
SPAI
Q4 25
33.1%
Q3 25
59.8%
33.1%
Q2 25
48.0%
34.0%
Q1 25
33.3%
Q4 24
39.6%
Q3 24
46.3%
40.6%
Q2 24
49.2%
28.7%
Q1 24
57.1%
Operating Margin
HWH
HWH
SPAI
SPAI
Q4 25
-1936.2%
Q3 25
-142.7%
-4148.6%
Q2 25
24.5%
-2073.6%
Q1 25
-2167.6%
Q4 24
-170.2%
Q3 24
-155.5%
-1070.9%
Q2 24
-120.5%
-174.6%
Q1 24
-467.1%
Net Margin
HWH
HWH
SPAI
SPAI
Q4 25
-1507.6%
Q3 25
-140.7%
-4940.1%
Q2 25
26.9%
-2064.1%
Q1 25
-2145.5%
Q4 24
-166.1%
Q3 24
-158.7%
-1114.3%
Q2 24
-115.8%
-188.9%
Q1 24
-467.2%
EPS (diluted)
HWH
HWH
SPAI
SPAI
Q4 25
$-0.16
Q3 25
$-0.29
Q2 25
$-0.13
Q1 25
$-0.27
Q4 24
Q3 24
$-0.34
Q2 24
$-0.14
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HWH
HWH
SPAI
SPAI
Cash + ST InvestmentsLiquidity on hand
$2.9M
Total DebtLower is stronger
$146.0K
Stockholders' EquityBook value
$2.8M
$17.7M
Total Assets
$5.2M
$19.1M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWH
HWH
SPAI
SPAI
Q4 25
Q3 25
$2.9M
Q2 25
$3.7M
Q1 25
Q4 24
$4.4M
Q3 24
$836.3K
Q2 24
$958.9K
Q1 24
$1.1M
Total Debt
HWH
HWH
SPAI
SPAI
Q4 25
$146.0K
Q3 25
$146.0K
Q2 25
$146.0K
Q1 25
$146.0K
Q4 24
Q3 24
$146.0K
Q2 24
$256.0K
Q1 24
Stockholders' Equity
HWH
HWH
SPAI
SPAI
Q4 25
$17.7M
Q3 25
$2.8M
$8.4M
Q2 25
$3.2M
$2.6M
Q1 25
$2.6M
Q4 24
$2.8M
Q3 24
$-374.9K
$4.2M
Q2 24
$-3.6M
$531.4K
Q1 24
$-3.1M
Total Assets
HWH
HWH
SPAI
SPAI
Q4 25
$19.1M
Q3 25
$5.2M
$9.7M
Q2 25
$10.6M
$3.5M
Q1 25
$3.7M
Q4 24
$6.4M
Q3 24
$2.9M
$5.5M
Q2 24
$3.1M
$3.0M
Q1 24
$2.6M
Debt / Equity
HWH
HWH
SPAI
SPAI
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
Q3 24
0.03×
Q2 24
0.48×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HWH
HWH
SPAI
SPAI
Operating Cash FlowLast quarter
$-199.9K
$-2.7M
Free Cash FlowOCF − Capex
$-217.9K
$-2.7M
FCF MarginFCF / Revenue
-105.4%
-1181.2%
Capex IntensityCapex / Revenue
8.7%
10.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWH
HWH
SPAI
SPAI
Q4 25
$-2.7M
Q3 25
$-199.9K
$-1.6M
Q2 25
$26.9K
$-1.0M
Q1 25
$-941.8K
Q4 24
$-415.2K
Q3 24
$-275.0K
$-1.9M
Q2 24
$-490.8K
Q1 24
$-638.2K
Free Cash Flow
HWH
HWH
SPAI
SPAI
Q4 25
$-2.7M
Q3 25
$-217.9K
$-1.6M
Q2 25
$-1.0M
Q1 25
$-960.0K
Q4 24
$-415.5K
Q3 24
$-277.1K
$-1.9M
Q2 24
$-516.8K
Q1 24
$-640.3K
FCF Margin
HWH
HWH
SPAI
SPAI
Q4 25
-1181.2%
Q3 25
-105.4%
-1579.6%
Q2 25
-1092.7%
Q1 25
-519.5%
Q4 24
-144.7%
Q3 24
-80.2%
-577.0%
Q2 24
-154.3%
Q1 24
-223.8%
Capex Intensity
HWH
HWH
SPAI
SPAI
Q4 25
10.0%
Q3 25
8.7%
4.9%
Q2 25
3.0%
Q1 25
9.9%
Q4 24
0.1%
Q3 24
0.6%
0.9%
Q2 24
7.7%
Q1 24
0.7%
Cash Conversion
HWH
HWH
SPAI
SPAI
Q4 25
Q3 25
Q2 25
0.32×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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