WRAPNasdaqOrdnance & Accessories, (No Vehicles/Guided Missiles)Fiscal year ends December 31
WRAP TECHNOLOGIES, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026
$1.31+0.04 (+3.15%)
Close on Oct 19, 2026
- Market cap
- $73.01M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
57.8%+23.7 pts over 5 years
Operating margin
-288.6%+42.9 pts over 5 years
Net margin
-221.2%+97.8 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 | +3.7% | -16.6% | +3.4% | – | |
| Gross profit | +9.5% | -10.3% | +15.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -38.3% | -176.1% | |
| Return on assets | – | -36.3% | -67.7% | |
| Current ratio | 3.34 | 20.05 | 6.29 | |
| Interest coverage | – | -6538.5× | – | |
| Inventory turnover | – | 1.1× | 0.4× | |
| Capex to revenue | – | 6.3% | 2.1% | |
| Diluted shares | – | 34M | 50M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Wrap Technologies generated $67.94M from operations and spent $1.77M on capital expenditure, dividends and share buybacks. 90% of that went back into the business.
Generated
$67.94M
Used
$1.77M
Capital expenditure$1.59M90%Dividends$178.00K10%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-221.2%
×Asset turnover0.31×
×Equity multiplier2.60×
=Return on equity, FY2025-176.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -221.2% | 0.31× | 2.60× | -176.1% |
| FY2024 | -130.4% | 0.21× | 12.78× | -344.3% |
| FY2023 | -492.7% | 0.21× | 1.95× | -200.0% |
| FY2022 | -218.9% | 0.22× | 1.09× | -51.6% |
| FY2021 | -316.3% | 0.17× | 1.06× | -55.8% |
| FY2020 | -319.0% | 0.11× | 1.06× | -38.3% |
| FY2019 | -1194.8% | 0.04× | 1.05× | -52.7% |
| FY2018 | -14412.2% | 0.00× | 1.04× | -43.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$10.34M
- Cash generatingOperating cash flow above zero-$10.29M
- Return on assets improvedROA up on the prior year-20.6% → -68.3%
- Earnings backed by cashOperating cash flow above net income-$10.29M vs -$10.34M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.79 → 6.29
- No dilutionShare count did not rise46M → 50M
- Gross margin improvedGross margin up on the prior year54.69% → 57.77%
- More efficientAsset turnover rose0.16 → 0.31