Wrap Technologies Inc (WRAP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WRAP SEC filings page.
Wrap Technologies Inc (WRAP) reported $6.1M in revenue over the twelve months to Jun 30, 2026, up 87.3% from the prior twelve months. This page shows its 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).
Recurring operating cash consumption, not reinvestment, remains the dominant mechanic despite a repaired balance sheet and wider gross margin.
Gross-margin expansion from47.4% in FY2023 to57.8% in FY2025 occurred while revenue remained below its FY2023 level at$4.7M , indicating a more favorable cost mix without evidence of volume-led operating leverage. The FY2025 operating loss of$13.5M remained close to operating cash flow of-$10.3M , so reported earnings and cash consumption are telling broadly the same story.
With FY2025 capital expenditures of only
The balance sheet shifted from a current ratio below 1.0x in FY2024 to 6.3x in FY2025, while debt-to-equity fell to 0.3x. The change coincided with
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Wrap Technologies Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Wrap Technologies Inc held $3.5M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $10.3M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Wrap Technologies Inc scores 15/100 among other emerging companies.
Wrap Technologies Inc had 56M shares outstanding at the end of fiscal year 2025, against 50M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Wrap Technologies Inc scores 44/100 among other emerging companies.
Wrap Technologies Inc spent $56K on research and development in fiscal year 2025, which was 0.3% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Wrap Technologies Inc scores 5/100 among other emerging companies.
Wrap Technologies Inc reported revenue of $4.7M in fiscal year 2025, against $4.5M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Wrap Technologies Inc scores 26/100 among other emerging companies.
Wrap Technologies Inc's operations used $10.3M of cash in fiscal year 2025, against $8.1M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Wrap Technologies Inc scores 65/100 among other emerging companies.
Wrap Technologies Inc's cash, cash equivalents and investments came to $3.5M at the end of fiscal year 2025, against $3.9M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Wrap Technologies Inc scores 55/100 among other emerging companies.
Wrap Technologies Inc scores 2.89, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($100.1M) relative to total liabilities ($3.9M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Wrap Technologies Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Wrap Technologies Inc reported a net loss of $10.3M while operations used $10.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Wrap Technologies Inc generated $2.1M in revenue in Q2 2026. This represents an increase of 102.8% from the same quarter a year earlier. Against the prior quarter it is up 84.7%.
Wrap Technologies Inc's EBITDA was -$2.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.8% from the same quarter a year earlier. Against the prior quarter it is up 53.4%.
Wrap Technologies Inc reported -$2.3M in net income in Q2 2026. This represents an increase of 39.4% from the same quarter a year earlier. Against the prior quarter it is up 50.3%.
Wrap Technologies Inc earned -$0.04 per diluted share (EPS) in Q2 2026. This represents an increase of 42.9% from the same quarter a year earlier. Against the prior quarter it is up 55.6%.
Cash & Balance Sheet
Wrap Technologies Inc recorded an outflow of $2.4M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 25.3% from the same quarter a year earlier. Against the prior quarter it is down 95.0%.
Wrap Technologies Inc held $4.8M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Wrap Technologies Inc's gross margin was 75.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 27.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.1 percentage points.
Wrap Technologies Inc's ROE was -16.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 14.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.5 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Wrap Technologies Inc invested $152K in research and development in Q2 2026. This represents a decrease of 6.2% from the same quarter a year earlier. Against the prior quarter it is up 44.8%.
Wrap Technologies Inc invested $6K in capex in Q2 2026, funding long-term assets and infrastructure. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 20.0%.
Not reported for Q2 2026.
WRAP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1M+102.8% | $1.1M+45.2% | $1.4M+62.3% | $1.5M+151.4% | $1.0M-35.7% | $765K-48.2% | $865K+46.9% | $593K-83.7% |
| Cost of Revenue | $507K-3.4% | $420K+147.1% | $670K+47.3% | $608K+69.8% | $525K-10.9% | $170K-73.4% | $455K-48.3% | $358K-75.4% |
| Gross Profit | $1.5M+217.2% | $691K+16.1% | $734K+79.0% | $883K+275.7% | $487K-50.5% | $595K-28.8% | $410K+240.9% | $235K-89.2% |
| R&D Expenses | $152K-6.2% | $105K-72.2% | -$651K+70.0% | $167K-68.3% | $162K-76.1% | $378K-49.9% | $383K-34.3% | $527K-13.6% |
| SG&A Expenses | $3.6M+14.6% | $5.4M+29.4% | $5.3M+14.4% | $3.5M+4.3% | $3.2M-8.5% | $4.1M-1.9% | $4.7M-19.1% | $3.3M-22.8% |
| Operating Income | -$2.3M+21.2% | -$4.8M-21.6% | -$3.9M+14.8% | -$2.8M+23.9% | -$2.9M+9.9% | -$3.9M+5.2% | -$4.6M+30.2% | -$3.6M-31.9% |
| EBITDA | -$2.2M+18.8% | -$4.7M-25.1% | -$3.8M+14.5% | -$2.6M+23.8% | -$2.7M+8.1% | -$3.8M+3.8% | -$4.5M+31.4% | -$3.4M-38.4% |
| Net Income | -$2.3M+39.4% | -$4.5M-4265.1% | -$3.9M+48.1% | -$2.8M-239.3% | -$3.7M-868.1% | $109K-6.8% | -$7.6M+58.7% | $2.0M+171.5% |
| EPS (Basic) | -$0.04+42.9% | -$0.09 | -$0.08+55.6% | -$0.06-250.0% | -$0.07-250.0% | $0.00 | -$0.18+58.1% | $0.04+157.1% |
| EPS (Diluted) | -$0.04+42.9% | -$0.09 | -$0.08+55.6% | -$0.06-250.0% | -$0.07 | $0.00 | -$0.18 | $0.04 |
| Diluted Shares (Avg) | 56M+10.1% | 54M+11.6% | N/A | 51M+11.4% | 51M | 48M+9.6% | N/A | 46M |
Not reported in any period shown, so not listed: Interest Expense, Income Tax.
WRAP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.3M-1.7% | $16.7M-7.0% | $15.4M+2.0% | $18.2M-2.9% | $15.6M-28.3% | $18.0M-27.5% | $15.1M-46.9% | $18.8M-40.7% |
| Current Assets | $13.2M+16.6% | $14.5M+7.3% | $11.4M+9.1% | $13.6M+10.9% | $11.3M-24.6% | $13.5M-23.8% | $10.5M-50.7% | $12.2M-52.6% |
| Cash & Equivalents | $4.8M+14.5% | $7.3M+17.7% | $3.5M-3.9% | $6.0M+22.6% | $4.2M+102.4% | $6.2M+94.1% | $3.6M-8.7% | $4.9M-1.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% |
| Inventory | $4.3M-27.0% | $4.6M-23.6% | $5.0M-19.4% | $5.5M-13.5% | $5.9M-9.0% | $6.1M-4.5% | $6.2M+6.5% | $6.3M+8.5% |
| Accounts Receivable | $3.4M+272.8% | $2.0M+201.7% | $2.8M+443.3% | $1.8M+134.2% | $906K-72.2% | $660K-71.9% | $513K-83.0% | $778K-82.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | $0 | N/A | N/A | N/A | $0-100.0% | $1.6M+1.7% |
| Total Liabilities | $2.0M-48.2% | $2.3M-85.1% | $3.9M-73.6% | $4.1M-66.8% | $3.9M-78.5% | $15.4M-24.1% | $14.9M-41.3% | $12.4M+11.6% |
| Current Liabilities | $1.6M-18.0% | $1.9M-86.2% | $1.8M-86.2% | $1.9M-82.1% | $2.0M-87.6% | $13.8M-25.1% | $13.2M-43.9% | $10.7M-1.5% |
| Non-Current Liabilities | $352K-81.0% | $380K-75.9% | $2.1M+26.6% | $2.2M+27.7% | $1.8M+4.4% | $1.6M-13.9% | $1.7M-7.7% | $1.7M+514.2% |
| Total Equity | $13.3M+13.5% | $14.4M+462.3% | $11.5M+4496.0% | $14.1M+120.5% | $11.8M+206.2% | $2.6M-42.7% | $250K-92.1% | $6.4M-68.9% |
| Retained Earnings | -$123.5M-13.3% | -$121.1M-15.2% | -$116.3M-10.7% | -$112.0M-15.1% | -$109.0M-10.2% | -$105.1M-7.2% | -$105.1M-7.2% | -$97.3M-22.5% |
Not reported in any period shown, so not listed: Long-Term Debt.
WRAP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.4M-25.4% | -$1.2M+59.4% | -$2.7M-121.0% | -$2.6M-892.4% | -$1.9M+45.0% | -$3.1M+17.6% | -$1.2M+68.1% | $330K+102.7% |
| Depreciation & Amortization | $55K-63.3% | $56K-63.9% | $139K-23.2% | $149K-24.0% | $150K-33.9% | $155K-30.5% | $181K+22.3% | $196K-27.9% |
| Stock-Based Compensation | $1.0M+32.3% | $2.4M+43.2% | N/A | $638K-28.8% | $770K+218.2% | $1.7M+146.7% | N/A | $896K+543.6% |
| Capital Expenditures | $6K0.0% | $5K+150.0% | $7K+600.0% | $85K | $6K+500.0% | $2K-85.7% | -$1K-99.0% | $0-100.0% |
| Free Cash Flow | -$2.4M-25.3% | -$1.3M+59.3% | -$2.7M-121.4% | -$2.7M-918.2% | -$1.9M+44.8% | -$3.1M+17.8% | -$1.2M+68.9% | $330K+102.7% |
| Investing Cash Flow | -$50K+5.7% | -$58K+42.0% | -$138K-170.6% | -$96K-103.9% | -$53K-102.1% | -$100K-104.1% | -$51K-102.1% | $2.5M+156.6% |
| Financing Cash Flow | $0 | $5.1M-11.0% | $306K | $4.5M | $0+100.0% | $5.7M+985.0% | $0-100.0% | $0-100.0% |
| Dividends Paid | N/A | N/A | $0 | N/A | N/A | N/A | $0-100.0% | $321K+66.3% |
Not reported in any period shown, so not listed: Share Buybacks.
WRAP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.3%+27.2pp | 62.2%-15.6pp | 52.3%+4.9pp | 59.2%+19.6pp | 48.1%-14.4pp | 77.8%+21.1pp | 47.4%+96.8pp | 39.6%-20.3pp |
| Operating Margin | -109.7% | -429.3% | -281.1% | -185.2% | -282.2% | -512.7% | -535.5% | -611.5% |
| Net Margin | -110.0% | -408.6% | -280.9% | -186.0% | -368.3% | 14.2%+6.3pp | -878.3% | 335.6% |
| Return on Equity | -16.9%+14.8pp | -31.4%-35.7pp | -34.3%+3004.5pp | -19.6%-50.7pp | -31.7%-21.7pp | 4.3%+1.6pp | -3038.8%-2457.0pp | 31.1%+44.6pp |
| Return on Assets | -14.7%+9.2pp | -27.2%-27.8pp | -25.6%+24.7pp | -15.2%-25.8pp | -23.9%-22.1pp | 0.6%+0.1pp | -50.2%+14.3pp | 10.6%+19.4pp |
| Current Ratio | 8.04+2.4x | 7.59+6.6x | 6.29+5.5x | 7.12+6.0x | 5.65+4.7x | 0.980.0x | 0.79-0.1x | 1.15-1.2x |
| Debt-to-Equity | 0.15-0.2x | 0.16-5.8x | 0.34-59.1x | 0.29-1.6x | 0.33-4.3x | 6.00+1.5x | 59.48+51.5x | 1.93+1.4x |
| Asset Turnover | 0.13+0.1x | 0.070.0x | 0.090.0x | 0.08+0.1x | 0.060.0x | 0.040.0x | 0.060.0x | 0.03-0.1x |
| FCF Margin | -118.9% | -112.6% | -190.3% | -181.1% | -192.3% | -401.4% | -139.5% | 55.6% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Wrap Technologies Inc WRAP | FY2025 | $4.7M | -$10.3M | N/A | $100.1M | 35/100 |
| Genasys Inc GNSS | FY2025 | $40.8M | -$18.1M | -44.4% | $70.6M | 41/100 |
| Acorn Energy Inc ACFN | FY2025 | $11.5M | $2.5M | 21.9% | $53.2M | 53/100 |
| Mind Technology Inc MIND | FY2026 | $40.9M | $750K | 1.8% | $35.5M | 56/100 |
| Odysight.ai ODYS | FY2025 | $3.0M | -$17.0M | N/A | $58.2M | 53/100 |
| Sono Tek Corp SOTK | FY2026 | $20.9M | $1.8M | 8.6% | $70.9M | 62/100 |
Where Wrap Technologies Inc Ranks
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.
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 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) recorded an outflow of $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) recorded an outflow of $10.3M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 P/E ratio?
Wrap Technologies Inc (WRAP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $100.1M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Wrap Technologies Inc's price-to-sales ratio?
Wrap Technologies Inc (WRAP) trades at 16.5x sales, its market capitalization divided by revenue of $6.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $100.1M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Wrap Technologies Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Wrap Technologies Inc (WRAP) held $3.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $10.3M over that year. Dividing the one by the other, the reported balance equals about 4 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Wrap Technologies Inc's Altman Z-Score?
Wrap Technologies Inc (WRAP) has an Altman Z-Score of 2.89, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Wrap Technologies Inc's Piotroski F-Score?
Wrap Technologies Inc (WRAP) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $10.3M while operations used $10.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 35 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.