What is Wrap Technologies Inc's earnings per share (EPS)?

Wrap Technologies Inc (WRAP) reported diluted earnings per share of $-0.22 for fiscal year 2025. This represents a -37.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Wrap Technologies Inc Financials

WRAP

Source SEC Filings (10-K/10-Q) Updated Mar 26, 2026 Currency USD FYE March

This page shows Wrap Technologies Inc (WRAP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 39/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Wrap Technologies Inc has an operating margin of -288.6%, meaning the company retains $-289 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -345.4% the prior year.

Growth

Wrap Technologies Inc's revenue grew a modest 3.7% year-over-year to $4.7M. This slow but positive growth earns a score of 39/100.

Leverage

Wrap Technologies Inc carries a low D/E ratio of 0.34, meaning only $0.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 6.29, Wrap Technologies Inc holds $6.29 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While Wrap Technologies Inc generated -$10.3M in operating cash flow, capex of $100K consumed most of it, leaving -$10.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Wrap Technologies Inc generates a -90.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -2350.0% the prior year.

Piotroski F-Score Neutral

4/9

Wrap Technologies Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

1.00x

For every $1 of reported earnings, Wrap Technologies Inc generates $1.00 in operating cash flow (-$10.3M OCF vs -$10.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$4.7M

YoY+3.7%

5Y CAGR+3.4%

Wrap Technologies Inc generated $4.7M in revenue in fiscal year 2025. This represents an increase of 3.7% from the prior year.

EBITDA

-$12.9M

YoY+12.5%

Wrap Technologies Inc's EBITDA was -$12.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.5% from the prior year.

Net Income

-$10.3M

YoY-75.9%

Wrap Technologies Inc reported -$10.3M in net income in fiscal year 2025. This represents a decrease of 75.9% from the prior year.

EPS (Diluted)

$-0.22

YoY-37.5%

Wrap Technologies Inc earned $-0.22 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 37.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$10.4M

YoY-27.7%

Wrap Technologies Inc generated -$10.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 27.7% from the prior year.

Cash & Debt

$3.5M

YoY-3.9%

5Y CAGR-26.9%

Wrap Technologies Inc held $3.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

56M

YoY+17.8%

5Y CAGR+8.1%

Wrap Technologies Inc had 56M shares outstanding in fiscal year 2025. This represents an increase of 17.8% from the prior year.

Margins & Returns

Gross Margin

57.8%

YoY+3.1pp

5Y CAGR+23.7pp

Wrap Technologies Inc's gross margin was 57.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.1 percentage points from the prior year.

Operating Margin

-288.6%

YoY+56.8pp

5Y CAGR+42.9pp

Wrap Technologies Inc's operating margin was -288.6% in fiscal year 2025, reflecting core business profitability. This is up 56.8 percentage points from the prior year.

Net Margin

-221.2%

YoY-90.9pp

5Y CAGR+97.8pp

Wrap Technologies Inc's net profit margin was -221.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 90.9 percentage points from the prior year.

Return on Equity

-90.0%

YoY+2260.1pp

5Y CAGR-62.8pp

Wrap Technologies Inc's ROE was -90.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2260.1 percentage points from the prior year.

Capital Allocation

R&D Spending

$56K

YoY-97.6%

5Y CAGR-54.2%

Wrap Technologies Inc invested $56K in research and development in fiscal year 2025. This represents a decrease of 97.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$100K

YoY+733.3%

5Y CAGR-16.7%

Wrap Technologies Inc invested $100K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 733.3% from the prior year.

WRAP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4.7M+3.7%	$4.5M-26.5%	$6.1M-23.8%	$8.0M+4.1%	$7.7M+96.0%	$3.9M
Cost of Revenue	$2.0M-3.4%	$2.0M-36.7%	$3.2M-25.2%	$4.3M-13.5%	$5.0M+91.7%	$2.6M
Gross Profit	$2.7M+9.5%	$2.5M-15.2%	$2.9M-22.2%	$3.7M+87.2%	$2.0M+48.5%	$1.3M
R&D Expenses	$56K-97.6%	$2.3M-28.3%	$3.3M-35.7%	$5.1M-18.3%	$6.2M+122.8%	$2.8M
SG&A Expenses	$16.1M+2.8%	$15.7M-14.6%	$18.4M+12.1%	$16.4M-19.2%	$20.3M+74.3%	$11.6M
Operating Income	-$13.5M+13.4%	-$15.6M+16.9%	-$18.7M-5.6%	-$17.7M+27.6%	-$24.5M-87.3%	-$13.1M
Interest Expense	N/A	N/A	N/A	N/A	$0-100.0%	$2K
Income Tax	N/A	N/A	$0	$0	$0	$0
Net Income	-$10.3M-75.9%	-$5.9M+80.6%	-$30.2M-71.5%	-$17.6M+27.9%	-$24.4M-94.3%	-$12.6M
EPS (Diluted)	$-0.22-37.5%	$-0.16+77.8%	$-0.72	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$1.5M+47.3%	$1.0M+32.3%	$765K-11.6%	$865K+45.9%	$593K-62.3%	$1.6M+6.6%	$1.5M+150.6%	$589K
Cost of Revenue	$608K+15.8%	$525K+208.8%	$170K-62.6%	$455K+27.1%	$358K-39.2%	$589K-8.0%	$640K-27.3%	$880K
Gross Profit	$883K+81.3%	$487K-18.2%	$595K+45.1%	$410K+74.5%	$235K-76.1%	$984K+17.7%	$836K+387.3%	-$291K
R&D Expenses	$167K+3.1%	$162K-57.1%	$378K-1.3%	$383K-27.3%	$527K-22.4%	$679K-10.1%	$755K+29.5%	$583K
SG&A Expenses	$3.5M+9.3%	$3.2M-23.1%	$4.1M-11.2%	$4.7M+39.7%	$3.3M-4.1%	$3.5M-17.7%	$4.2M-26.7%	$5.8M
Operating Income	-$2.8M+3.3%	-$2.9M+27.2%	-$3.9M+15.3%	-$4.6M-27.7%	-$3.6M-14.4%	-$3.2M+23.4%	-$4.1M+37.6%	-$6.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$2.8M+25.6%	-$3.7M-3519.3%	$109K+101.4%	-$7.6M-481.8%	$2.0M+616.9%	-$385K-429.1%	$117K+100.6%	-$18.4M
EPS (Diluted)	$-0.06+14.3%	$-0.07	N/A	N/A	$0.04+300.0%	$-0.02	N/A	N/A

WRAP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$15.4M+2.0%	$15.1M-46.9%	$28.5M-6.8%	$30.6M-30.9%	$44.2M-9.4%	$48.8M
Current Assets	$11.4M+9.1%	$10.5M-50.7%	$21.2M-21.0%	$26.9M-34.8%	$41.2M-12.2%	$46.9M
Cash & Equivalents	$3.5M-3.9%	$3.6M-8.7%	$4.0M-25.8%	$5.3M+8.0%	$4.9M-70.3%	$16.6M
Inventory	$5.0M-19.4%	$6.2M+6.5%	$5.8M+45.8%	$4.0M+153.8%	$1.6M-41.0%	$2.7M
Accounts Receivable	$2.8M+443.3%	$513K-83.0%	$3.0M+6.9%	$2.8M-26.7%	$3.9M+106.3%	$1.9M
Goodwill	$1.6M	N/A	$1.6M	$0	N/A	N/A
Total Liabilities	$3.9M-73.6%	$14.9M-41.3%	$25.3M+620.6%	$3.5M+18.5%	$3.0M+22.7%	$2.4M
Current Liabilities	$1.8M-86.2%	$13.2M-43.9%	$23.5M+645.6%	$3.2M+10.5%	$2.9M+22.1%	$2.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$11.5M+4496.0%	$250K-92.1%	$3.2M-88.3%	$27.1M-34.4%	$41.3M-11.1%	$46.4M
Retained Earnings	-$116.3M-10.7%	-$105.1M-7.2%	-$98.0M-45.4%	-$67.4M-35.4%	-$49.8M-96.6%	-$25.3M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$18.2M+16.8%	$15.6M-13.1%	$18.0M+18.9%	$15.1M-19.5%	$18.8M-13.7%	$21.8M-12.1%	$24.8M-13.1%	$28.5M
Current Assets	$13.6M+20.0%	$11.3M-16.1%	$13.5M+28.9%	$10.5M-14.5%	$12.2M-18.4%	$15.0M-15.3%	$17.7M-16.5%	$21.2M
Cash & Equivalents	$6.0M+42.8%	$4.2M-32.3%	$6.2M+70.9%	$3.6M-25.8%	$4.9M+135.8%	$2.1M-35.1%	$3.2M-19.6%	$4.0M
Inventory	$5.5M-7.5%	$5.9M-2.9%	$6.1M-1.4%	$6.2M-2.2%	$6.3M-2.7%	$6.5M+1.9%	$6.4M+9.9%	$5.8M
Accounts Receivable	$1.8M+101.1%	$906K+37.3%	$660K+28.7%	$513K-34.1%	$778K-76.1%	$3.3M+39.0%	$2.3M-22.4%	$3.0M
Goodwill	N/A	N/A	N/A	N/A	$1.6M+1.8%	$1.6M0.0%	$1.6M0.0%	$1.6M
Total Liabilities	$4.1M+6.8%	$3.9M-75.0%	$15.4M+3.6%	$14.9M+20.1%	$12.4M-30.9%	$17.9M-11.7%	$20.3M-19.9%	$25.3M
Current Liabilities	$1.9M-4.7%	$2.0M-85.5%	$13.8M+4.7%	$13.2M+23.9%	$10.7M-34.0%	$16.2M-12.5%	$18.5M-21.6%	$23.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$14.1M+20.1%	$11.8M+358.2%	$2.6M+926.8%	$250K-96.1%	$6.4M+66.8%	$3.8M-14.3%	$4.5M+41.7%	$3.2M
Retained Earnings	-$112.0M-2.7%	-$109.0M-3.7%	-$105.1M-0.1%	-$105.1M-8.0%	-$97.3M+1.7%	-$99.0M-0.9%	-$98.1M-0.1%	-$98.0M

WRAP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$10.3M-26.6%	-$8.1M+51.4%	-$16.7M-14.4%	-$14.6M+19.9%	-$18.2M-49.5%	-$12.2M
Capital Expenditures	$100K+733.3%	$12K-94.8%	$230K-10.2%	$256K-74.3%	$995K+299.6%	$249K
Free Cash Flow	-$10.4M-27.7%	-$8.1M+51.9%	-$16.9M-14.0%	-$14.9M+22.7%	-$19.2M-54.5%	-$12.4M
Investing Cash Flow	-$387K-105.3%	$7.3M+41.2%	$5.2M-65.3%	$14.9M+315.0%	-$6.9M+73.4%	-$26.1M
Financing Cash Flow	$10.5M+2150.9%	$468K-95.4%	$10.2M+12128.9%	$83K-99.4%	$13.4M-64.6%	$38.0M
Dividends Paid	$120K0.0%	$120K+106.9%	$58K	$0	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$2.6M-34.8%	-$1.9M+36.8%	-$3.1M-154.5%	-$1.2M-465.5%	$330K+109.4%	-$3.5M+5.3%	-$3.7M+1.6%	-$3.8M
Capital Expenditures	$85K+1316.7%	$6K+200.0%	$2K+300.0%	-$1K	$0+100.0%	-$1K-107.1%	$14K-85.6%	$97K
Free Cash Flow	-$2.7M-38.7%	-$1.9M+36.6%	-$3.1M-154.4%	-$1.2M-465.8%	$330K+109.4%	-$3.5M+5.7%	-$3.7M+3.7%	-$3.9M
Investing Cash Flow	-$96K-81.1%	-$53K+47.0%	-$100K-96.1%	-$51K-102.1%	$2.5M+0.1%	$2.5M+2.1%	$2.4M+0.4%	$2.4M
Financing Cash Flow	$4.5M	$0-100.0%	$5.7M	$0	$0+100.0%	-$60K-111.4%	$528K+33.3%	$396K
Dividends Paid	N/A	N/A	N/A	$0-100.0%	$321K-35.8%	$500K+733.3%	$60K+3.4%	$58K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WRAP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	57.8%+3.1pp	54.7%+7.3pp	47.4%+1.0pp	46.4%+20.6pp	25.8%-8.2pp	34.1%
Operating Margin	-288.6%+56.8pp	-345.4%-40.1pp	-305.3%-85.0pp	-220.3%+96.6pp	-316.9%+14.7pp	-331.6%
Net Margin	-221.2%-90.9pp	-130.4%+362.4pp	-492.7%-273.9pp	-218.9%+97.5pp	-316.3%+2.6pp	-319.0%
Return on Equity	-90.0%+2260.1pp	-2350.0%-1394.6pp	-955.4%-890.3pp	-65.1%-5.9pp	-59.3%-32.1pp	-27.1%
Return on Assets	-67.0%-28.2pp	-38.9%+67.2pp	-106.0%-48.4pp	-57.6%-2.4pp	-55.3%-29.5pp	-25.8%
Current Ratio	6.29+5.5	0.79-0.1	0.90-7.6	8.51-5.9	14.43-5.6	20.05
Debt-to-Equity	0.34-59.1	59.48+51.5	8.01+7.9	0.13+0.1	0.07+0.0	0.05
FCF Margin	-222.4%-41.8pp	-180.5%+95.6pp	-276.1%-91.5pp	-184.6%+64.0pp	-248.7%+66.7pp	-315.3%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	59.2%+11.1pp	48.1%-29.7pp	77.8%+30.4pp	47.4%+7.8pp	39.6%-22.9pp	62.6%+5.9pp	56.6%+106.0pp	-49.4%
Operating Margin	-185.2%+97.0pp	-282.2%+230.5pp	-512.7%+22.8pp	-535.5%+76.0pp	-611.5%-409.9pp	-201.5%+78.9pp	-280.4%+845.7pp	-1126.2%
Net Margin	-186.0%+182.3pp	-368.3%-382.5pp	14.2%+892.5pp	-878.3%-1213.9pp	335.6%+360.1pp	-24.5%-32.4pp	7.9%+3132.2pp	-3124.3%
Return on Equity	-19.6%+12.1pp	-31.7%-35.9pp	4.3%+3043.1pp	-3038.8%-3069.9pp	31.1%+41.1pp	-10.0%-12.6pp	2.6%+584.4pp	-581.8%
Return on Assets	-15.2%+8.7pp	-23.9%-24.5pp	0.6%+50.8pp	-50.2%-60.8pp	10.6%+12.4pp	-1.8%-2.2pp	0.5%+65.0pp	-64.6%
Current Ratio	7.12+1.5	5.65+4.7	0.98+0.2	0.79-0.4	1.15+0.2	0.93-0.0	0.96+0.1	0.90
Debt-to-Equity	0.29-0.0	0.33-5.7	6.00-53.5	59.48+57.6	1.93-2.7	4.67+0.1	4.53-3.5	8.01
FCF Margin	-181.1%+11.2pp	-192.3%+209.1pp	-401.4%-261.9pp	-139.5%-195.2pp	55.6%+279.8pp	-224.2%+29.1pp	-253.3%+405.8pp	-659.1%

Similar Companies

Genasys Inc GNSS

$80.5M

Acorn Energy Inc ACFN

$42.9M

Mind Technology Inc MIND

$73.9M

Odysight.ai ODYS

$120.7M

Sono Tek Corp SOTK

$62.2M

Frequently Asked Questions

What is Wrap Technologies Inc's annual revenue?

Wrap Technologies Inc (WRAP) reported $4.7M in total revenue for fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Wrap Technologies Inc's revenue growing?

Wrap Technologies Inc (WRAP) revenue grew by 3.7% year-over-year, from $4.5M to $4.7M in fiscal year 2025.

Is Wrap Technologies Inc profitable?

No, Wrap Technologies Inc (WRAP) reported a net income of -$10.3M in fiscal year 2025, with a net profit margin of -221.2%.

What is Wrap Technologies Inc's EBITDA?

Wrap Technologies Inc (WRAP) had EBITDA of -$12.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Wrap Technologies Inc's gross margin?

Wrap Technologies Inc (WRAP) had a gross margin of 57.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Wrap Technologies Inc's operating margin?

Wrap Technologies Inc (WRAP) had an operating margin of -288.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Wrap Technologies Inc's net profit margin?

Wrap Technologies Inc (WRAP) had a net profit margin of -221.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Wrap Technologies Inc's return on equity (ROE)?

Wrap Technologies Inc (WRAP) has a return on equity of -90.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Wrap Technologies Inc's free cash flow?

Wrap Technologies Inc (WRAP) generated -$10.4M in free cash flow during fiscal year 2025. This represents a -27.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Wrap Technologies Inc's operating cash flow?

Wrap Technologies Inc (WRAP) generated -$10.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Wrap Technologies Inc's total assets?

Wrap Technologies Inc (WRAP) had $15.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Wrap Technologies Inc's capital expenditures?

Wrap Technologies Inc (WRAP) invested $100K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Wrap Technologies Inc spend on research and development?

Wrap Technologies Inc (WRAP) invested $56K in research and development during fiscal year 2025.

How many shares does Wrap Technologies Inc have outstanding?

Wrap Technologies Inc (WRAP) had 56M shares outstanding as of fiscal year 2025.

What is Wrap Technologies Inc's current ratio?

Wrap Technologies Inc (WRAP) had a current ratio of 6.29 as of fiscal year 2025, which is generally considered healthy.

What is Wrap Technologies Inc's debt-to-equity ratio?

Wrap Technologies Inc (WRAP) had a debt-to-equity ratio of 0.34 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Wrap Technologies Inc's return on assets (ROA)?

Wrap Technologies Inc (WRAP) had a return on assets of -67.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Wrap Technologies Inc's cash runway?

Based on fiscal year 2025 data, Wrap Technologies Inc (WRAP) had $3.5M in cash against an annual operating cash burn of $10.3M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Wrap Technologies Inc's Piotroski F-Score?

Wrap Technologies Inc (WRAP) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Wrap Technologies Inc's earnings high quality?

Wrap Technologies Inc (WRAP) has an earnings quality ratio of 1.00x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Wrap Technologies Inc?

Wrap Technologies Inc (WRAP) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.