Filing Flows › Wrap Technologies (WRAP) › Q2 2025
Wrap Technologies (WRAP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Wrap Technologies (WRAP) reported revenue of $1.0M for the second quarter 2025 (Q2 2025), -36% from a year earlier and +32% from the quarter before. Operating margin was -282.2%, net loss $3.7M (368.3% of revenue).
Wrap Technologies, Q2 2025: revenue $1.0M (-36% year over year), operating margin -282.2%, net loss $3.7M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0M | +32% | -36% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$3.7M | -3519% | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $1.0M in Q2 2025, down 36% year over year and up 32% from the previous quarter.
Gross margin was 48.1%, down 14.4 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -282.2%. Operating expenses fell 20% while revenue fell 36%. The quarter ended with a net loss of $3.7M, after a profit of $109K the previous quarter.
Operating cash flow was −$1.9M. Non-cash charges added back $149K of depreciation and amortization and $770K of share-based compensation. Working capital and other items added $868K. Capital expenditures of $6K exceeded it, leaving free cash flow of −$1.9M.
Questions
What was Wrap Technologies' revenue in the second quarter 2025?
Wrap Technologies (WRAP) reported revenue of $1.0M for the second quarter 2025 (Q2 2025), -36% from a year earlier and +32% from the quarter before.
Was Wrap Technologies profitable in the second quarter 2025?
Operating loss was $2.9M (-282.2% of revenue) and net loss $3.7M.
Source: Wrap Technologies 10-Q on SEC EDGAR.