BYRNNasdaqMiscellaneous Electrical Machinery, Equipment & SuppliesFiscal year ends November 30
Byrna Technologies Inc.
Financials through Q3 FY2026, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 8, 2026
$5.17+0.33 (+6.82%)
Close on Oct 19, 2026
- Market cap
- $118.81M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
60.5%+15.2 pts over 5 years
Operating margin
10.0%+36.0 pts over 5 years
Net margin
8.2%+84.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +37.7% | +35.0% | +48.1% | +94.7% | |
| Gross profit | +35.4% | +39.6% | +56.9% | +114.3% | |
| Operating income | +77.5% | – | – | – | |
| Net income | -24.3% | – | – | – | |
| EPS, diluted | -27.3% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 2133.3% | -390.6% | 16.1% | |
| Return on assets | -152.8% | -101.3% | 12.4% | |
| Current ratio | 0.21 | 1.41 | 3.73 | |
| Debt to equity | – | 0.01 | – | |
| Net debt to EBITDA | – | 2.35× | – | |
| Interest coverage | – | -18.5× | – | |
| Inventory turnover | 3.7× | 3.1× | 1.8× | |
| Capex to revenue | 0.0% | 8.6% | 6.5% | |
| Diluted shares | 5M | 13M | 24M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Byrna Technologies generated $35.47M from operations and spent $38.32M on capital expenditure, dividends and share buybacks. 42% of that went back into the business.
Generated
$35.47M
Used
$38.32M
Capital expenditure$15.96M42%Dividends$00%Share buybacks$22.36M58%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.2%
×Asset turnover1.51×
×Equity multiplier1.30×
=Return on equity, FY202516.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 8.2% | 1.51× | 1.30× | 16.1% |
| FY2024 | 14.9% | 1.38× | 1.28× | 26.5% |
| FY2023 | -19.2% | 0.78× | 1.24× | -18.6% |
| FY2022 | -16.4% | 0.73× | 1.18× | -14.1% |
| FY2021 | -7.8% | 0.87× | 1.30× | -8.8% |
| FY2020 | -75.8% | 1.34× | 3.86× | -390.6% |
| FY2019 | -477.0% | 0.30× | -3.41× | 483.5% |
| FY2018 | -860.6% | 0.10× | -28.60× | 2539.7% |
| FY2017 | -957.3% | 0.23× | -1.94× | 424.2% |
| FY2016 | -1249.3% | 0.12× | -13.96× | 2133.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$9.69M
- Cash generatingOperating cash flow above zero-$1.57M
- Return on assets improvedROA up on the prior year24.5% → 13.5%
- Earnings backed by cashOperating cash flow above net income-$1.57M vs $9.69M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.30 → 3.73
- No dilutionShare count did not rise23M → 24M
- Gross margin improvedGross margin up on the prior year61.54% → 60.51%
- More efficientAsset turnover rose1.64 → 1.64