Equity Research: Flock Safety (Updated 04/19/2026)

Sacra's updated equity research report on Flock Safety values the company at $8.4 billion as of April 2026, following authorization of roughly $200M in new shares at a per-share price about 6% above the spring 2025 round. The report tracks Flock's revenue trajectory (surpassing $300M ARR), expansion into AI-powered surveillance, and the policy and litigation headwinds that have elevated controversy around data use and governance.