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Wrap Technologies (WRAP) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Wrap Technologies (WRAP) Q2 2026 earnings results →
Q2 2026 Revenue up 103% year over year to $2.1M · 110¢ of every $1 of revenue lost · operating margin -109.7%
Wrap Technologies made $2.1M in Q2 2026 (+103% Y/Y). Operating margin -109.7%, net loss $2.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $2.1M in Q2 2026, up 103% year over year and up 85% from the previous quarter.
Gross margin was 75.3%, up 27.2 points from Q2 2025. Operating costs exceeded revenue by $2.3M, an operating margin of -109.7%. Operating expenses grew 14% against revenue growth of 103%. The fastest-growing cost line was SG&A (+15%). The quarter ended with a net loss of $2.3M, narrower than the previous quarter's $4.5M loss.
Operating cash flow was −$2.4M. Non-cash charges added back $55K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $1.2M. Capital expenditures of $6K exceeded it, leaving free cash flow of −$2.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $2.1M | +103% | -109.7% | −$2.3M | −$2.4M |
| Q1 2026 | 10-Q | May 13, 2026 | $1.1M | +45% | -429.3% | −$4.5M | −$1.2M |
| Q4 2025 | 10-K | Mar 26, 2026 | $1.4M | +62% | -280.9% | −$3.9M | −$2.7M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $1.5M | +151% | -185.2% | −$2.8M | −$2.6M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $1.0M | -36% | -282.2% | −$3.7M | −$1.9M |
| Q1 2025 | 10-Q | May 15, 2025 | $765K | -48% | -512.7% | $109K | −$3.1M |
| Q4 2024 | 10-K | Mar 31, 2025 | $865K | +47% | -535.6% | −$7.6M | −$1.2M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Wrap Technologies
We are a global public safety technology and services company focused on delivering integrated non-lethal solutions for law enforcement, corrections, defense, and other public safety organizations worldwide. Our mission is to enable safer outcomes by providing officers and agencies with the tools, training, and tactics to gain proactive, lawful control of encounters, reducing risk to both officers and subjects, while preserving tactical advantage. We began sales of our first public safety product, the BolaWrap® 100 device, in late 2018. In the first quarter of 2022, we introduced the BolaWrap® 150, a next‑generation, electronically deployed device that is more robust, smaller, lighter, and simpler to deploy than the BolaWrap 100, which has since been phased out. In December 2020, we acquired NSENA Inc.
In its own words, from its 10-K, filed Mar 26, 2026.
Wrap Technologies against its Ordnance & Accessories, (No Vehicles/Guided Missiles) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +103% against the peers' median +28%. Operating margin: -109.7% against the peers' median 4.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WRAP Wrap Technologies | Q2 2026 | $2.1M | +103% | -109.7% |
| AXON Axon Enterprise | Q3 2026 | $909M | +28% | 4.6% |
| RGR Sturm Ruger | Q3 2026 | $148M | +16% | 4.1% |
| NPK National Presto Industries | Q3 2026 | $144M | +25% | 13.8% |
| SWBI Smith & Wesson Brands | Q1 FY27 | $113M | +32% | 3.7% |
| FBDT First Breach | Q2 2026 | $95K | +0.1% | n/m |
Source: Wrap Technologies 10-Q on SEC EDGAR · CIK 1702924 · Ordnance & Accessories, (No Vehicles/Guided Missiles)
13F: who owns WRAP and who is buying
More on WRAP
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results