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. In the quarter to June 2026, revenue grew 102.8%, EPS grew 42.9% and free cash flow fell 21.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Wrap Technologies, Inc. (WRAP) Altman Z-score
Wrap Technologies, Inc.'s Altman Z-score for fiscal 2025 is 5.92, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 5.92 | 15.06 |
| FY2024 | −9.14 | (5.39) |
| FY2023 | −3.76 | (11.82) |
| FY2022 | 8.07 | (20.96) |
| FY2021 | 29.03 | (11.08) |
| FY2020 | 40.12 | (48.37) |
| FY2019 | 88.48 | (23.46) |
| FY2018 | 111.94 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.62 | — | 0.75 | |
| Retained earnings / total assets | (7.54) | — | −10.56 | |
| EBIT / total assets | (0.87) | — | −2.89 | |
| Market value of equity / total liabilities | 30.53 | — | 18.32 | |
| Sales / total assets | 0.30 | — | 0.30 | |
| Altman Z-score | Safe zone | 5.92 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −23.31 | ||
Z and Z″ put Wrap Technologies, Inc. in different zones: safe zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| LGL LGL Group, Inc. (The) compare | 16.5× |
| SOTK Sono-Tek Corporation compare | 8.3× |
| WRAP Wrap Technologies, Inc. | 5.9× |
| ODYS Odysight.ai Inc. compare | 4.9× |
| MIND MIND Technology, Inc. compare | 4.4× |
| USBC USBC, INC. compare | −0.9× |
| GNSS Genasys Inc. compare | −2.2× |
| ARBE Arbe Robotics Ltd. compare | −4.9× |
| ACFN Acorn Energy Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets