WRAP · Wrap Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.11M | - | $1.49M | $1.01M | $765.0K | - | $593.0K | $1.57M | $1.48M | - |
| Cost of Revenue | $420.0K | - | $608.0K | $525.0K | $170.0K | - | $358.0K | $589.0K | $640.0K | - |
| Gross Profit | $691.0K | - | $883.0K | $487.0K | $595.0K | - | $235.0K | $984.0K | $836.0K | - |
| R&D | $105.0K | - | $167.0K | $162.0K | $378.0K | - | $527.0K | $679.0K | $755.0K | - |
| SG&A | $5.36M | - | $3.48M | $3.18M | $4.14M | - | $3.33M | $3.48M | $4.22M | - |
| Total Operating Expenses | $5.46M | - | $3.64M | $3.34M | $4.52M | - | $3.86M | $4.15M | $4.97M | - |
| D&A | $56.0K | - | $25.0K | $27.0K | $223.0K | - | $82.0K | $114.0K | $223.0K | - |
| Operating Income | ($4.77M) | - | ($2.76M) | ($2.86M) | ($3.92M) | - | ($3.63M) | ($3.17M) | ($4.14M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($4.54M) | - | ($2.77M) | ($3.73M) | $109.0K | - | $1.99M | ($385.0K) | $117.0K | - |
| EPS - Basic | $0.00 | - | ($0.06) | ($0.07) | - | - | $0.04 | ($0.02) | $0.00 | - |
| EPS - Diluted | ($0.09) | - | ($0.06) | ($0.02) | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.26M | $3.47M | $5.96M | $4.18M | $6.17M | $3.61M | $4.87M | $2.06M | $3.18M | $3.96M |
| Accounts Receivable | $1.99M | $2.79M | $1.82M | $906.0K | $660.0K | $513.0K | $778.0K | $3.26M | $2.35M | $3.02M |
| Inventory | $4.64M | $4.97M | $5.46M | $5.90M | $6.08M | $6.17M | $6.31M | $6.49M | $6.37M | $5.79M |
| Accounts Payable | $787.0K | $620.0K | $596.0K | $583.0K | $494.0K | $609.0K | $1.28M | $1.14M | $1.09M | $1.11M |
| Current Assets | $14.47M | $11.42M | $13.58M | $11.32M | $13.49M | $10.47M | $12.24M | $15.01M | $17.72M | $21.23M |
| Total Assets | $16.72M | $15.42M | $18.24M | $15.61M | $17.97M | $15.12M | $18.79M | $21.76M | $24.77M | $28.50M |
| Current Liabilities | $1.91M | $1.82M | $1.91M | $2.00M | $13.82M | $13.20M | $10.65M | $16.15M | $18.45M | $23.53M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.29M | $3.93M | $4.11M | $3.85M | $15.40M | $14.87M | $12.38M | $17.92M | $20.29M | $25.34M |
| Stockholders' Equity | $14.43M | $11.49M | $14.13M | $11.76M | $2.57M | $250.0K | $6.41M | $3.84M | $4.48M | $3.16M |
| Retained Earnings | ($121.11M) | ($116.32M) | ($111.96M) | ($109.03M) | ($105.14M) | ($105.08M) | ($97.28M) | ($98.96M) | ($98.06M) | ($97.99M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.25M) | - | - | - | ($3.07M) | - | - | - | ($3.72M) | - |
| Investing Cash Flow | ($58.0K) | - | - | - | ($100.0K) | - | - | - | $2.42M | - |
| Financing Cash Flow | $5.10M | - | - | - | $5.73M | - | - | - | $528.0K | - |
| CapEx | $5.0K | - | - | - | $2.0K | - | - | - | $14.0K | - |
| Free Cash Flow | ($1.25M) | - | - | - | ($3.07M) | - | - | - | ($3.74M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 62.2% | - | 59.2% | 48.1% | 77.8% | - | 39.6% | 62.6% | 56.6% | - |
| Operating margin | -429.3% | - | -185.2% | -282.2% | -512.7% | - | -611.5% | -201.5% | -280.4% | - |
| EBITDA margin | -424.2% | - | -183.5% | -279.5% | -483.5% | - | -597.6% | -194.3% | -265.3% | - |
| Net margin | -408.6% | - | -186.0% | -368.3% | 14.2% | - | 335.6% | -24.5% | 7.9% | - |
| Free cash flow margin | -112.6% | - | - | - | -401.4% | - | - | - | -253.3% | - |
| FCF / Net income | 0.28 | - | - | - | -28.17 | - | - | - | -31.95 | - |
| R&D / Revenue | 9.5% | - | 11.2% | 16.0% | 49.4% | - | 88.9% | 43.2% | 51.2% | - |
| SG&A / Revenue | 482.0% | - | 233.2% | 314.3% | 541.0% | - | 562.2% | 220.9% | 285.9% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -27.1% | - | -15.2% | -23.9% | 0.6% | - | 10.6% | -1.8% | 0.5% | - |
| Return on equity | -31.5% | - | -19.6% | -31.7% | 4.2% | - | 31.1% | -10.0% | 2.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 7.59 | 6.29 | 7.12 | 5.65 | 0.98 | 0.79 | 1.15 | 0.93 | 0.96 | 0.90 |
| Quick ratio | 5.15 | 3.55 | 4.26 | 2.71 | 0.54 | 0.33 | 0.56 | 0.53 | 0.62 | 0.66 |
| Cash ratio | 3.81 | 1.91 | 3.13 | 2.09 | 0.45 | 0.27 | 0.46 | 0.13 | 0.17 | 0.17 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.16 | 1.34 | 1.29 | 1.33 | 7.00 | 60.48 | 2.93 | 5.67 | 5.53 | 9.01 |
| Liabilities / Assets | 0.14 | 0.25 | 0.23 | 0.25 | 0.86 | 0.98 | 0.66 | 0.82 | 0.82 | 0.89 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.08 | 0.06 | 0.04 | - | 0.03 | 0.07 | 0.06 | - |
| Inventory turnover | 0.09 | - | 0.11 | 0.09 | 0.03 | - | 0.06 | 0.09 | 0.10 | - |
| Days sales outstanding | 654d | - | 446d | 327d | 315d | - | 479d | 757d | 580d | - |
| Days inventory outstanding | 4037d | - | 3278d | 4105d | 13056d | - | 6434d | 4021d | 3631d | - |
| Days payable outstanding | 684d | - | 358d | 405d | 1061d | - | 1303d | 705d | 623d | - |
| Cash conversion cycle | 4007d | - | 3367d | 4026d | 12311d | - | 5610d | 4073d | 3588d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 5.8x | - | 7.0x | 6.7x | 29.4x | - | - | - | - | - |
| P / S | 74.9x | - | 66.7x | 78.0x | 98.7x | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 45.2% | - | 151.4% | -35.7% | -48.2% | - | -83.7% | 30.9% | 107.6% | - |
| Revenue CAGR (3y) | 16.0% | - | - | -4.6% | -21.8% | - | -31.0% | -6.7% | 885.5% | - |
| Revenue CAGR (5y) | 272.8% | - | 8.2% | 4.0% | 2.1% | - | 17.1% | 92.5% | 65.8% | - |
| Gross profit growth (YoY) | 16.1% | - | 275.7% | -50.5% | -28.8% | - | -89.2% | 47.3% | 137.5% | - |
| Operating income growth (YoY) | -21.6% | - | 23.9% | 9.9% | 5.2% | - | -31.9% | 37.6% | 2.8% | - |
| Net income growth (YoY) | - | - | - | -868.1% | -6.8% | - | - | 92.3% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 59.3% | - | - | - | 17.8% | - | - | - | -21.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 462.3% | 4496.0% | 120.5% | 206.2% | -42.7% | -92.1% | -68.9% | -80.6% | -81.0% | -88.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Geographic
$4.51M totalAmericas$4.42M · 98.1%
Europe Middle East And Africa$76.0K · 1.7%
Asia Pacific$8.0K · 0.2%
Peer comparison
Same SIC group: Ordnance & Accessories, (No Vehicles/Guided Missiles)
Comparing WRAP TECHNOLOGIES against the 5 most active filers in the same SIC group.