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

POET TECHNOLOGIES INC. is the larger business by last-quarter revenue ($298.4K vs $227.7K, roughly 1.3× Safe Pro Group Inc.). Safe Pro Group Inc. runs the higher net margin — -1507.6% vs -3139.6%, a 1632.0% gap on every dollar of revenue. Safe Pro Group Inc. produced more free cash flow last quarter ($-2.7M vs $-17.5M).

POET Technologies designs and develops photonic integrated circuits based on its proprietary Optical Interposer platform. Headquartered in Toronto with operations in Singapore, the company supplies optical engines and transceivers used in AI data centers, high-speed networking, and sensing applications.

POET vs SPAI — Head-to-Head

Bigger by revenue
POET
POET
1.3× larger
POET
$298.4K
$227.7K
SPAI
Higher net margin
SPAI
SPAI
1632.0% more per $
SPAI
-1507.6%
-3139.6%
POET
More free cash flow
SPAI
SPAI
$14.8M more FCF
SPAI
$-2.7M
$-17.5M
POET

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
POET
POET
SPAI
SPAI
Revenue
$298.4K
$227.7K
Net Profit
$-9.4M
$-3.4M
Gross Margin
33.1%
Operating Margin
-3201.6%
-1936.2%
Net Margin
-3139.6%
-1507.6%
Revenue YoY
Net Profit YoY
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
POET
POET
SPAI
SPAI
Q4 25
$298.4K
$227.7K
Q3 25
$268.5K
$101.4K
Q2 25
$166.8K
$92.8K
Q1 25
$184.8K
Q3 24
$177.4K
$330.8K
Q2 24
$643.0K
Q4 23
$232.9K
Q3 23
$177.4K
Net Profit
POET
POET
SPAI
SPAI
Q4 25
$-9.4M
$-3.4M
Q3 25
$-17.3M
$-5.0M
Q2 25
$6.3M
$-1.9M
Q1 25
$-4.0M
Q3 24
$-8.0M
$-3.7M
Q2 24
$-1.2M
Q4 23
$-5.1M
Q3 23
$-4.4M
Gross Margin
POET
POET
SPAI
SPAI
Q4 25
33.1%
Q3 25
33.1%
Q2 25
34.0%
Q1 25
33.3%
Q3 24
40.6%
Q2 24
28.7%
Q4 23
Q3 23
Operating Margin
POET
POET
SPAI
SPAI
Q4 25
-3201.6%
-1936.2%
Q3 25
-3261.9%
-4148.6%
Q2 25
-5718.6%
-2073.6%
Q1 25
-2167.6%
Q3 24
-3809.2%
-1070.9%
Q2 24
-174.6%
Q4 23
-2209.7%
Q3 23
-2498.9%
Net Margin
POET
POET
SPAI
SPAI
Q4 25
-3139.6%
-1507.6%
Q3 25
-6430.3%
-4940.1%
Q2 25
3802.8%
-2064.1%
Q1 25
-2145.5%
Q3 24
-4498.5%
-1114.3%
Q2 24
-188.9%
Q4 23
-2205.2%
Q3 23
-2472.9%
EPS (diluted)
POET
POET
SPAI
SPAI
Q4 25
$-0.16
Q3 25
$-0.29
Q2 25
$-0.12
$-0.13
Q1 25
$-0.27
Q3 24
$-0.34
Q2 24
$-0.14
Q4 23
Q3 23

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Total Debt
POET
POET
SPAI
SPAI
Q4 25
$146.0K
Q3 25
$146.0K
Q2 25
$146.0K
Q1 25
$146.0K
Q3 24
$146.0K
Q2 24
$256.0K
Q4 23
Q3 23
Stockholders' Equity
POET
POET
SPAI
SPAI
Q4 25
$17.7M
Q3 25
$8.4M
Q2 25
$2.6M
Q1 25
$2.6M
Q3 24
$4.2M
Q2 24
$531.4K
Q4 23
Q3 23
Total Assets
POET
POET
SPAI
SPAI
Q4 25
$19.1M
Q3 25
$9.7M
Q2 25
$3.5M
Q1 25
$3.7M
Q3 24
$5.5M
Q2 24
$3.0M
Q4 23
Q3 23
Debt / Equity
POET
POET
SPAI
SPAI
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.06×
Q1 25
0.06×
Q3 24
0.03×
Q2 24
0.48×
Q4 23
Q3 23

Cash Flow & Capital Efficiency

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

Metric
POET
POET
SPAI
SPAI
Operating Cash FlowLast quarter
$-14.6M
$-2.7M
Free Cash FlowOCF − Capex
$-17.5M
$-2.7M
FCF MarginFCF / Revenue
-5851.0%
-1181.2%
Capex IntensityCapex / Revenue
958.2%
10.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-46.5M
$-6.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
POET
POET
SPAI
SPAI
Q4 25
$-14.6M
$-2.7M
Q3 25
$-9.1M
$-1.6M
Q2 25
$-9.0M
$-1.0M
Q1 25
$-941.8K
Q3 24
$-8.4M
$-1.9M
Q2 24
Q4 23
$-9.6M
Q3 23
$-7.0M
Free Cash Flow
POET
POET
SPAI
SPAI
Q4 25
$-17.5M
$-2.7M
Q3 25
$-11.0M
$-1.6M
Q2 25
$-9.5M
$-1.0M
Q1 25
$-960.0K
Q3 24
$-8.5M
$-1.9M
Q2 24
Q4 23
$-11.0M
Q3 23
$-7.9M
FCF Margin
POET
POET
SPAI
SPAI
Q4 25
-5851.0%
-1181.2%
Q3 25
-4101.6%
-1579.6%
Q2 25
-5698.0%
-1092.7%
Q1 25
-519.5%
Q3 24
-4802.5%
-577.0%
Q2 24
Q4 23
-4703.1%
Q3 23
-4463.0%
Capex Intensity
POET
POET
SPAI
SPAI
Q4 25
958.2%
10.0%
Q3 25
712.3%
4.9%
Q2 25
313.3%
3.0%
Q1 25
9.9%
Q3 24
68.8%
0.9%
Q2 24
Q4 23
586.4%
Q3 23
492.2%
Cash Conversion
POET
POET
SPAI
SPAI
Q4 25
Q3 25
Q2 25
-1.42×
Q1 25
Q3 24
Q2 24
Q4 23
Q3 23

Financial Flow Comparison

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

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