Here are the 10-K annual reports from Wrap Technologies, Inc. (WRAP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow WRAP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WRAP filings page.
Wrap Technologies, Inc. reports continued expansion as a diversified public safety technology company while remaining unprofitable. For the year ended December 31, 2025, the company recorded a net loss of approximately $10.3 million, compared with $5.9 million in 2024, driven by lower non‑cash warrant income and ongoing investment in product development and commercialization.
Wrap focuses on integrated non‑lethal solutions built around its BolaWrap® restraint device, Wrap Reality VR training, WrapTactics digital training, WrapVision body‑worn cameras with cloud evidence management, and emerging counter‑UAS programs like MERLIN. It is targeting law enforcement, corrections, private security, and federal defense markets worldwide, but highlights significant risks including a history of operating losses, dependence on BolaWrap, capital needs, regulatory constraints, and potential product‑liability and reputational exposure.