Filing Flows › Wrap Technologies (WRAP) › Q3 2025
Wrap Technologies (WRAP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Wrap Technologies (WRAP) reported revenue of $1.5M for the third quarter 2025 (Q3 2025), +151% from a year earlier and +47% from the quarter before. Operating margin was -185.2%, net loss $2.8M (186.0% of revenue).
Wrap Technologies, Q3 2025: revenue $1.5M (+151% year over year), operating margin -185.2%, net loss $2.8M, operating cash flow −$2.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5M | +47% | +151% |
| Operating profit | −$2.8M | — | — |
| Net earnings | −$2.8M | — | — |
| Operating cash flow | −$2.6M | — | — |
What changed
Revenue was $1.5M in Q3 2025, up 151% year over year and up 47% from the previous quarter.
Gross margin was 59.2%, up 19.6 points from a year earlier. Operating costs exceeded revenue by $2.8M, an operating margin of -185.2%. Operating expenses fell 6% while revenue rose 151%. The quarter ended with a net loss of $2.8M, narrower than the previous quarter's $3.7M loss.
Operating cash flow was −$2.6M. Non-cash charges added back $151K of depreciation and amortization and $638K of share-based compensation. Working capital and other items used $631K. Capital expenditures of $85K exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Wrap Technologies' revenue in the third quarter 2025?
Wrap Technologies (WRAP) reported revenue of $1.5M for the third quarter 2025 (Q3 2025), +151% from a year earlier and +47% from the quarter before.
Was Wrap Technologies profitable in the third quarter 2025?
Operating loss was $2.8M (-185.2% of revenue) and net loss $2.8M.
Source: Wrap Technologies 10-Q on SEC EDGAR.