WRAP TECHNOLOGIES, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $4.7M | $4.5M | $6.1M | $8.0M | $7.7M |
| Cost of revenue | $2.0M | $2.0M | $3.2M | $4.3M | $5.0M |
| Gross profit | $2.7M | $2.5M | $2.9M | $3.7M | $2.0M |
| Selling, general & administrative | $16.1M | $15.7M | $18.4M | $16.4M | $20.3M |
| Research and development | $56,000 | $2.3M | $3.3M | $5.1M | $6.2M |
| Operating expenses | $16.2M | $18.0M | $21.6M | $21.5M | $26.5M |
| Operating income | -$13.5M | -$15.6M | -$18.7M | -$17.7M | -$24.5M |
| Interest expense | — | — | — | — | $0 |
| Pretax income | -$10.3M | — | — | — | — |
| Income tax expense | $0 | $0 | $0 | $0 | $0 |
| Net income | -$10.3M | -$5.9M | -$30.2M | -$17.6M | -$24.4M |
| Balance Sheet | |||||
| Cash and equivalents | $3.5M | $3.6M | $4.0M | $5.3M | $4.9M |
| Current assets | $11.4M | $10.5M | $21.2M | $26.9M | $41.2M |
| Total assets | $15.4M | $15.1M | $28.5M | $30.6M | $44.2M |
| Current liabilities | $1.8M | $13.2M | $23.5M | $3.2M | $2.9M |
| Total liabilities | $3.9M | $14.9M | $25.3M | $3.5M | $3.0M |
| Stockholders' equity | $11.5M | $250,000 | $3.2M | $27.1M | $41.3M |
| Cash Flow Statement | |||||
| Cash from operations | -$10.3M | -$8.1M | -$16.7M | -$14.6M | -$18.2M |
| Depreciation and amortization | $113,000 | $377,000 | $823,000 | $762,000 | $478,000 |
| Stock-based compensation | $4.1M | $2.4M | $2.0M | $3.2M | $5.4M |
| Capital expenditure | $100,000 | $12,000 | $230,000 | $256,000 | $995,000 |
| Free cash flow | -$10.4M | -$8.1M | -$16.9M | -$14.9M | -$19.2M |
| Dividends paid | $0 | $120,000 | $58,000 | $0 | — |
| Impairments | — | $1.6M | — | $0 | $0 |
Shares outstanding 55.7M · Free float 53.3%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.