Wrap Technologies, Inc.

WRAP Technology Scientific & Technical Instruments

Wrap Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 million, up 3.66% from fiscal 2024.

Revenue
+102.8%
EPS
+42.9%
Free cash flow
−21.3%

Quarter to June 2026, against a year earlier

1.18 0.16 +15.69%
Market cap
$63.2M
P/E
0.0×
Fwd P/E
−2.8×
Dividend yield
—
F-score
5/9
Altman Z
5.92
Beneish M
1.64
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 0.36
Sold, $m 0.71
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — 3 — — — —
Sell — 1 1 — — — — — — — — —
Insider Ownership 25.18%

Capital & Financial Ratios $m

Size
Market Cap 63.24
Revenue ttm 6.06
Net income ttm (13.51)
Free cash flow ttm (9.30)
Net debt Q (4.78)
Valuation
P/E 0.00
Forward P/E (2.83) (negative: loss-making)
Price / sales 10.67 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 4.84
Financial health
Current ratio Q 8.04 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (30.56)
Growth
Revenue growth Q +102.77% (above 0%: growing)
Operating income growth Q +21.18% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A +10.08% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 17.08%
10-year low 10-year high
P/B against its own 10 years 29.99%
10-year low 10-year high
EV/Sales against its own 10 years 26.32%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 11 4 3 5
Receivables 3 1 3 3
Inventory 6 6 5 4
Other — — — —
21 10 11 13
2023 2024 2025 Q'26
Payables 1 1 1 1
ST’ Debt — — — —
Other 21 10 0 0
24 13 2 2

Compound Annual Growth %

10y 5y 3y
Sales — 3.45% (16.58%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — (24.36%) (24.83%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.09) (0.04) — — —
’25 0.00 (0.07) (0.06) (0.08) (0.22)
’24 0.00 (0.02) 0.04 (0.17) (0.16)
’23 (0.10) (0.12) (0.07) (0.44) (0.72)
’22 (0.13) (0.12) (0.09) (0.09) (0.43)
’21 (0.14) (0.20) (0.15) (0.13) (0.62)
’20 (0.08) (0.09) (0.11) (0.10) (0.37)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1 2 — — —
’25 1 1 1 1 5
’24 1 2 1 1 5
’23 1 1 4 1 6
’22 2 1 2 4 8
’21 2 2 2 2 8
’20 1 1 1 1 4
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (2) — — —
’25 (3) (2) (3) (3) (10)
’24 (4) (4) 0 (1) (8)
’23 (3) 2 (12) (4) (17)
’22 (5) (1) (5) (4) (15)
’21 (4) (6) (3) (4) (18)
’20 (2) (2) (4) (4) (12)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (2) — — —
’25 (3) (2) (3) (3) (11)
’24 (4) (4) 0 (1) (8)
’23 (3) 2 (12) (4) (17)
’22 (5) (1) (5) (4) (16)
’21 (5) (6) (5) (5) (20)
’20 (2) (2) (4) (5) (13)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — 0 1 4 8 8 6 5 5 6 +113.4% — — — —
Gross margin, % — 0.00 19.40 39.72 34.05 25.81 46.39 47.38 54.69 57.77 63.60 +57.8 pt
EBT 0 (1) (3) (8) (13) (24) (18) (30) (6) (10) (14) +52.3%
EBT margin, % 0.00 0.00 (14,381.03) (1,194.82) (318.97) (316.33) (218.87) (492.74) (130.35) (221.21) (223.08) (221.2) pt
Net income 0 (1) (3) (8) (13) (24) (18) (30) (6) (10) (14) +52.3%
Per share, $
Per share, $ Revenue 0.00 0.00 0.00 0.02 0.12 0.20 0.20 0.14 0.10 0.09 0.11 n/m
Earnings (0.03) (0.04) (0.13) (0.29) (0.37) (0.62) (0.43) (0.72) (0.16) (0.22) (0.27) +24.1%
Cash flow (0.02) (0.04) (0.11) (0.30) (0.36) (0.46) (0.35) (0.39) (0.18) (0.20) (0.16) +27.0%
Capex 0.00 0.00 (0.01) (0.01) (0.03) (0.05) (0.03) (0.01) 0.00 (0.01) (0.01) +21.9%
Free cash flow (0.03) (0.04) (0.12) (0.31) (0.39) (0.51) (0.38) (0.41) (0.18) (0.21) (0.17) +26.7%
Book value 0.03 0.15 0.53 0.67 1.37 1.05 0.66 0.07 0.01 0.23 0.24 +26.3%
Shares, m 7 20 24 29 34 39 41 42 46 50 53 +23.6%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — 0.00 262.76 41.45 19.97 8.75 18.77 21.46 25.67 10.67 49.9
P/B — — 5.99 9.54 3.52 3.74 2.60 36.40 386.87 10.44 4.84 57.4
EV/Sales — — 0.00 238.60 30.94 15.48 6.38 16.93 20.70 24.97 9.91 44.2
EV/FCF — — (22.88) (18.77) (9.31) (5.94) (3.26) (5.99) (11.25) (10.93) (6.46) (11.0)
Cash, $m
Cash, $m Operating cash flow 0 (1) (3) (8) (12) (18) (15) (17) (8) (10) (9) +57.0%
Capex 0 0 0 0 (1) (2) (1) (1) 0 0 0 +51.0%
Free cash flow 0 (1) (3) (9) (13) (20) (16) (17) (8) (11) (9) +56.7%
Balance, $m
Balance, $m Working capital 0 3 12 19 45 38 24 (2) (3) 10 12 +53.9%
Net debt 0 (3) (12) (17) (42) (35) (19) (11) (4) (3) (5) +33.6%
Shareholders’ equity 0 3 12 19 46 41 27 3 0 11 13 +56.2%
Returns, %
Returns, % ROA (13.18) (46.85) (41.57) (50.14) (36.33) (52.54) (47.10) (103.64) (32.52) (73.60) (93.70) (60.4) pt
ROIC 0.00 0.00 (6,772.73) (243.40) (171.24) (241.32) (142.51) 0.00 0.00 (105.06) (100.17) (105.1) pt
ROE (14.29) (50.82) (43.16) (52.72) (38.35) (55.77) (51.57) (202.61) (415.65) (191.45) (115.51) (177.2) pt
People
People Employees — 9 17 19 52 68 69 52 19 25 — +13.6%
Revenue/emp, $m — 0.00 0.00 0.04 0.08 0.11 0.12 0.12 0.24 0.19 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Wrap Technologies, Inc. vs peers in Scientific & Technical Instruments (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LGL LGL Group, Inc. (The) $82.6M — (loss-making) — (loss-making) +24.78% (above 0%: growing) n/m −106.84% (below 0%: shrinking) 66.96% (38.77%) Compare
SOTK Sono-Tek Corporation $68.4M 36.4× 47.8× +1.35% (above 0%: growing) −33.33% (below 0%: shrinking) +580.50% (above 0%: growing) 52.88% 7.29% Compare
WRAP Wrap Technologies, Inc. $63.2M — (loss-making) — (loss-making) +102.77% (above 0%: growing) n/m −21.30% (below 0%: shrinking) 75.29% (109.70%)
GNSS Genasys Inc. $59.7M — (loss-making) — (loss-making) −25.99% (below 0%: shrinking) n/m +50.14% (above 0%: growing) 57.09% (55.33%) Compare
ARBE Arbe Robotics Ltd. $52.6M — (loss-making) — (loss-making) +156.57% (above 0%: growing) n/m −1.18% (below 0%: shrinking) (0.85%) (1,398.86%) Compare
MVIS Microvision, Inc. $38.8M — (loss-making) — (loss-making) +895.85% (above 0%: growing) n/m +9.71% (above 0%: growing) 49.96% (889.29%) Compare
ACFN Acorn Energy Inc. $36.5M 16.5× — +4.56% (above 0%: growing) +270.00% (above 0%: growing) +11.51% (above 0%: growing) 80.55% 7.33% Compare
ODYS Odysight.ai Inc. $35.2M — (loss-making) — (loss-making) +16.02% (above 0%: growing) n/m −7.02% (below 0%: shrinking) 37.86% (1,078.81%) Compare
MIND MIND Technology, Inc. $29.7M — (loss-making) — (loss-making) −58.54% (below 0%: shrinking) n/m −41.54% (below 0%: shrinking) 37.18% (31.95%) Compare
Median of peers $45.7M — — +10.29% — +4.27% 51.42% (47.05%)

All 33 Scientific & Technical Instruments stocks →

Pay and ownership Proxy statement filed 17 November 2025

Ownership

Directors and executive officers, together less than 1% of the votes
Scot Cohen/V4 Global LLC 13.16% of the votes
Elwood G. Norris 12.45% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Wrap Technologies, Inc. (WRAP) Latest News

29 Oct

Impact 3 · · Trefis
stockrow.com/WRAP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com