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Financials · WRAP

Wrap Technologies Inc. (WRAP) financials

For the twelve months ended Jun 30, 2026, Wrap Technologies Inc. reported $6.06M of revenue and -$13.51M of net income.

Revenue, TTM
$6.06M
Revenue growth, YoY
+87.3%
Net income, TTM
-$13.51M
Net margin
-223.1%
Free cash flow, TTM
-$9.06M
EPS, diluted, TTM
-$0.28
Cash
$4.78M
P/S
12.08
Market cap
$73.2M
Annual revenue$4.67M
FY2017FY2025
Annual net income-$10.34M
FY2017FY2025
Annual free cash flow-$10.39M
FY2017FY2025

WRAP revenue and earnings growth

WRAP revenueQ2 2026$2.05M

Quarter YoY
+102.8%
QoQ
+84.7%
FY YoY
+3.7%
5Y CAGR
+3.4%

WRAP revenue was $2.05M in fiscal Q2 2026 (ended Jun 30, 2026), up 102.8% from a year earlier and up 84.7% from the prior quarter. For the full fiscal 2025 it was $4.67M, up 3.7% from fiscal 2024. Compound annual growth was +3.4% over 5 years. It rose in 5 of the last 7 fiscal years.

WRAP net incomeQ2 2026-$2.26M

WRAP net income was -$2.26M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$3.73M a year earlier. For the full fiscal 2025 it was -$10.34M, compared with -$5.88M in fiscal 2024.

WRAP EPSQ2 2026-$0.04

WRAP diluted EPS was -$0.04 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.07 a year earlier. For the full fiscal 2025 it was -$0.22, compared with -$0.16 in fiscal 2024.

WRAP free cash flowQ2 2026-$2.44M

WRAP free cash flow was -$2.44M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.95M a year earlier. For the full fiscal 2025 it was -$10.39M, compared with -$8.14M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue$4.67M$4.51M$6.13M$8.05M$7.73M$3.94M$696.8K$23.1K$0
Cost of revenue$1.97M$2.04M$3.23M$4.32M$5.73M$2.60M$420.0K$18.6K$0
Gross profit$2.70M$2.46M$2.91M$3.73M$2.00M$1.34M$276.8K$4.5K$0
Research and development$56.0K$2.34M$3.27M$5.08M$6.21M$2.79M$2.24M$734.8K$311.3K
Selling, general and admin$16.13M$15.69M$18.36M$16.39M$20.28M$11.63M$6.65M$2.61M$522.2K
Operating income-$13.48M-$15.57M-$18.72M-$17.73M-$24.50M-$13.08M-$8.61M-$3.34M-$833.5K
Interest expense----$0$2.0K$0$1.3K$0
Pre-tax income-$10.34M--------
Income tax$0$0$0$0$0$0$0$0$0
Net income-$10.34M-$5.88M-$30.22M-$17.62M-$24.45M-$12.58M-$8.33M-$3.34M-$833.5K
EPS, basic-$0.22-$0.16-$0.72-$0.43-$0.62-$0.37-$0.29-$0.14-$0.04
EPS, diluted-$0.22-$0.16-$0.72--$0.62-$0.37-$0.29-$0.14-
Diluted shares50.4M45.6M42.3M-39.3M33.8M28.7M23.6M-

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Cash and equivalents$3.47M$3.61M$3.96M$5.33M$4.94M$16.65M$16.98M$12.36M$3.08M
Short-term investments--$7.50M$13.95M$29.98M$24.99M$0--
Receivables$2.79M$513.0K$3.02M$2.83M$3.86M$1.87M$195.3K$4.4K$0
Inventory$4.97M$6.17M$5.79M$3.98M$1.57M$2.65M$2.24M$158.3K$131.2K
Current assets$11.42M$10.47M$21.23M$26.86M$41.21M$46.93M$19.67M$12.64M$3.23M
Goodwill$0$0$1.61M$0-----
Total assets$15.42M$15.12M$28.50M$30.57M$44.23M$48.83M$20.42M$12.79M$3.26M
Current liabilities$1.82M$13.20M$23.53M$3.16M$2.86M$2.34M$1.08M$397.4K$192.5K
Total debt--------$0
Total liabilities$3.93M$14.87M$25.34M$3.52M$2.97M$2.42M$1.23M$397.4K-
Shareholders' equity$11.49M$250.0K$3.16M$27.05M$41.26M$46.41M$19.20M$12.39M$3.07M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Operating cash flow-$10.29M-$8.13M-$16.70M-$14.60M-$18.22M-$12.19M-$8.49M-$2.69M-$833.7K
Capital expenditures$100.0K$12.0K$230.0K$256.0K$995.0K$249.0K$256.7K$14.2K$35.1K
Free cash flow-$10.39M-$8.14M-$16.93M-$14.86M-$19.22M-$12.44M-$8.74M-$2.71M-$868.8K
Investing cash flow-$387.0K$7.31M$5.18M$14.91M-$6.94M-$26.11M-$382.2K-$134.3K-$35.1K
Financing cash flow$10.53M$468.0K$10.15M$83.0K$13.45M$37.96M$13.49M$12.10M$3.70M
Dividends paid$0$120.0K$58.0K$0-----
Stock-based compensation$4.08M$2.43M$1.99M$3.23M$5.36M$2.24M$1.54M$513.0K$0
Depreciation and amortization$594.0K$827.0K$823.0K$762.0K$478.0K$163.0K$46.9K$21.9K-

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue growth, YoY3.7%-26.5%-23.8%4.1%96.0%466.0%2909.9%--
Gross margin57.8%54.7%47.4%46.4%25.8%34.1%39.7%19.6%-
Operating margin-288.6%-345.4%-305.3%-220.3%-316.9%-331.6%-1236.2%-14417.4%-
Net margin-221.2%-130.4%-492.7%-218.9%-316.3%-319.0%-1194.8%-14412.2%-
Free cash flow margin-222.4%-180.5%-276.1%-184.6%-248.6%-315.3%-1254.7%-11690.5%-
Return on equity-89.9%-2350.0%-955.4%-65.1%-59.3%-27.1%-43.4%-26.9%-27.1%
Return on assets-67.0%-38.9%-106.0%-57.6%-55.3%-25.8%-40.8%-26.1%-25.5%
Current ratio6.290.790.908.5114.4320.0518.2931.8016.76
Debt to equity--------0.00

Source: XBRL data Wrap Technologies Inc. files with the SEC, latest filing dated Aug 11, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

WRAP peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
WRAP$6.06M+87.3%-$13.51M-223.1%$73.2M
AXON$3.42B+33.6%$258.49M7.6%$25.43B
NPK$544.68M+20.9%$42.81M7.9%$1.02B
RGR$598.10M+10.6%$16.40M2.7%$797.8M
SWBI$551.35M+17.0%$24.48M4.4%$779.0M
POWW$53.75M+9.7%$6.49M12.1%$266.9M

WRAP FAQ

9 questions
  • What is WRAP revenue?
    Wrap Technologies Inc. (WRAP) reported $6.06M of revenue for the twelve months ended Jun 30, 2026. That is up 87.3% from the year before. Revenue for fiscal 2025 was $4.67M.
  • Is WRAP profitable?
    No. Wrap Technologies Inc. reported a net loss of $13.51M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does WRAP have?
    Wrap Technologies Inc. reported $4.78M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is WRAP revenue growing?
    Wrap Technologies Inc.'s revenue changed +3.7% in fiscal 2025, to $4.67M. Its compound annual growth rate was +3.4% over 5 years.
  • What is WRAP gross margin?
    Wrap Technologies Inc.'s gross profit was $3.85M on $6.06M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 63.6%.
  • What is WRAP free cash flow?
    Wrap Technologies Inc. generated -$9.06M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$8.96M less capital expenditures.
  • What is WRAP earnings per share?
    Diluted earnings per share were -$0.28 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did WRAP last report financial results?
    The latest statements here come from Wrap Technologies Inc.'s 10-Q filed on Aug 11, 2026, covering the period ended Jun 30, 2026.
  • Where does this WRAP financial data come from?
    Quantisnow builds these statements from the structured XBRL data Wrap Technologies Inc. files with the SEC. It is provided for information only and is not investment advice.