Filing Flows › Wrap Technologies (WRAP) › Q1 2026
Wrap Technologies (WRAP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Wrap Technologies (WRAP) reported revenue of $1.1M for the first quarter 2026 (Q1 2026), +45% from a year earlier and -21% from the quarter before. Operating margin was -429.3%, net loss $4.5M (408.6% of revenue).
Wrap Technologies, Q1 2026: revenue $1.1M (+45% year over year), operating margin -429.3%, net loss $4.5M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | -21% | +45% |
| Operating profit | −$4.8M | — | — |
| Net earnings | −$4.5M | — | -4265% |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $1.1M in Q1 2026, up 45% year over year and down 21% from the previous quarter.
Gross margin was 62.2%, down 15.6 points from Q1 2025. Operating costs exceeded revenue by $4.8M, an operating margin of -429.3%. Operating expenses grew 21% against revenue growth of 45%. The fastest-growing cost line was SG&A (+29%). The quarter ended with a net loss of $4.5M, wider than the previous quarter's $3.9M loss.
Operating cash flow was −$1.2M. Non-cash charges added back $56K of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $854K. Capital expenditures of $5K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Wrap Technologies' revenue in the first quarter 2026?
Wrap Technologies (WRAP) reported revenue of $1.1M for the first quarter 2026 (Q1 2026), +45% from a year earlier and -21% from the quarter before.
Was Wrap Technologies profitable in the first quarter 2026?
Operating loss was $4.8M (-429.3% of revenue) and net loss $4.5M.
Source: Wrap Technologies 10-Q on SEC EDGAR.