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Wrap Technologies, Inc.

Physical products Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $1.43
52-Week Range: $1.04 – $3.23
Market Cap: $90.81M
P/E (TTM): —
EPS (TTM): -0.27
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 6.62
PEG Ratio: —
Return on Equity: -107.65%
Return on Assets: -53.07%
Gross Margin: 63.60%
Operating Margin: -109.70%
Profit Margin: -223.11%
Current Ratio: 8.04
Debt/Equity: 0.03
Total Debt: $436.00K
Free Cash Flow: $-4.40M
Revenue Growth: 102.80%
Earnings Growth: —
Enterprise Value: $77.98M

WRAP Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$8.05M	$6.13M	$4.51M	$4.67M
Cost of Revenue	$4.32M	$3.23M	$2.04M	$1.97M
Gross Profit	$3.73M	$2.91M	$2.46M	$2.70M
Research & Development	$5.08M	$3.27M	$2.34M	$56.00K
Selling, General & Admin	$16.39M	$18.36M	$15.69M	$16.13M
Operating Expenses	$21.46M	$21.63M	$18.03M	$16.18M
Operating Income	-$17.73M	-$18.72M	-$15.57M	-$13.48M
EBITDA	-$16.97M	-$17.90M	-$14.74M	-$12.89M
Pretax Income	-$17.62M	-$30.22M	-$5.88M	-$10.34M
Net Income	-$17.62M	-$30.22M	-$5.88M	-$10.34M
Diluted EPS	-0.43	-0.72	-0.16	-0.22
Diluted Shares	41.17M	42.32M	45.62M	50.39M

WRAP Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$5.33M	$3.96M	$3.61M	$3.47M
Receivables	$2.83M	$3.02M	$513.00K	$2.79M
Inventory	$3.98M	$5.79M	$6.17M	$4.97M
Current Assets	$26.86M	$21.23M	$10.47M	$11.42M
Total Assets	$30.57M	$28.50M	$15.12M	$15.42M
Current Liabilities	$3.16M	$23.53M	$13.20M	$1.82M
Total Debt	$301.00K	$2.29M	$2.20M	$2.42M
Total Liabilities	$3.52M	$25.34M	$14.87M	$3.93M
Retained Earnings	-$67.38M	-$97.99M	-$105.08M	-$116.32M
Shareholders' Equity	$27.05M	$3.16M	$250.00K	$11.49M
Working Capital	$23.70M	-$2.30M	-$2.73M	$9.60M

WRAP Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$14.60M	-$16.70M	-$8.13M	-$10.29M
Capital Expenditure	-$1.13M	-$623.00K	-$168.00K	-$387.00K
Free Cash Flow	-$15.73M	-$17.33M	-$8.29M	-$10.68M
Depreciation & Amortisation	$762.00K	$823.00K	$827.00K	$594.00K
Stock-Based Compensation	$3.23M	$1.99M	$2.43M	$4.08M
Investing Cash Flow	$14.91M	$5.18M	$7.31M	-$387.00K
Financing Cash Flow	$83.00K	$10.15M	$468.00K	$10.53M
Dividends Paid	$0.00	-$58.00K	-$120.00K	$0.00
Net Change in Cash	$393.00K	-$1.38M	-$345.00K	-$142.00K

WRAP Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$765.00K	$1.01M	$1.49M	$1.40M	$1.11M	$2.05M
Cost of Revenue	$170.00K	$525.00K	$608.00K	$670.00K	$420.00K	$507.00K
Gross Profit	$595.00K	$487.00K	$883.00K	$734.00K	$691.00K	$1.54M
Research & Development	$378.00K	$162.00K	$167.00K	-$563.00K	$105.00K	$152.00K
Selling, General & Admin	$4.14M	$3.18M	$3.48M	$5.24M	$5.36M	$3.64M
Operating Expenses	$4.52M	$3.34M	$3.64M	$4.68M	$5.46M	$3.80M
Operating Income	-$3.92M	-$2.86M	-$2.76M	-$3.94M	-$4.77M	-$2.25M
EBITDA	-$3.77M	-$2.71M	-$2.61M	-$3.81M	-$4.71M	-$2.20M
Pretax Income	$109.00K	-$3.73M	-$2.77M	-$3.94M	-$4.54M	-$2.26M
Net Income	$109.00K	-$3.73M	-$2.77M	-$3.94M	-$4.54M	-$2.26M
Diluted EPS	0.00	-0.07	-0.06	—	-0.09	-0.04
Diluted Shares	48.40M	50.61M	51.10M	—	54.00M	55.73M

WRAP Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$6.17M	$4.18M	$5.96M	$3.47M	$7.26M	$4.78M
Receivables	$660.00K	$906.00K	$1.82M	$2.79M	$1.99M	$3.38M
Inventory	$6.08M	$5.90M	$5.46M	$4.97M	$4.64M	$4.31M
Current Assets	$13.49M	$11.32M	$13.58M	$11.42M	$14.47M	$13.20M
Total Assets	$17.97M	$15.61M	$18.24M	$15.42M	$16.72M	$15.34M
Current Liabilities	$13.82M	$2.00M	$1.91M	$1.82M	$1.91M	$1.64M
Total Debt	$2.12M	$2.21M	$2.49M	$2.42M	$459.00K	$436.00K
Total Liabilities	$15.40M	$3.85M	$4.11M	$3.93M	$2.29M	$1.99M
Retained Earnings	-$105.14M	-$109.03M	-$111.96M	-$116.32M	-$121.11M	-$123.53M
Shareholders' Equity	$2.57M	$11.76M	$14.13M	$11.49M	$14.43M	$13.35M
Working Capital	-$332.00K	$9.32M	$11.68M	$9.60M	$12.57M	$11.55M

WRAP Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$3.07M	-$1.94M	-$2.62M	-$2.67M	-$1.25M	-$2.43M
Capital Expenditure	-$46.00K	-$107.00K	-$96.00K	-$138.00K	-$58.00K	-$50.00K
Free Cash Flow	-$3.12M	-$2.05M	-$2.71M	-$2.80M	-$1.30M	-$2.48M
Depreciation & Amortisation	$155.00K	$149.00K	$151.00K	$139.00K	$56.00K	$55.00K
Stock-Based Compensation	$1.67M	$770.00K	$638.00K	$1.00M	$2.38M	$1.02M
Investing Cash Flow	-$100.00K	-$53.00K	-$96.00K	-$138.00K	-$58.00K	-$50.00K
Financing Cash Flow	$5.73M	$0.00	$4.50M	$306.00K	$5.10M	$0.00
Dividends Paid	$0.00	$0.00	$0.00	$0.00	—	—
Net Change in Cash	$2.56M	-$1.99M	$1.79M	-$2.50M	$3.80M	-$2.48M

Market Snapshot

About

Wrap Technologies develops public safety products and services including the BolaWrap remote restraint device for law enforcement. The BolaWrap uses a Kevlar tether to temporarily restrain individuals from a distance, providing a less-lethal alternative for police officers. The company focuses on de-escalation technology to reduce injuries and improve public safety outcomes.