Filing Flows › Wrap Technologies (WRAP) › Q4 2025
Wrap Technologies (WRAP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 26, 2026
Wrap Technologies (WRAP) reported revenue of $1.4M for the fourth quarter 2025 (Q4 2025), +62% from a year earlier and -6% from the quarter before. Operating margin was -280.9%, net loss $3.9M (280.9% of revenue).
Wrap Technologies, Q4 2025: revenue $1.4M (+62% year over year), operating margin -280.9%, net loss $3.9M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4M | -6% | +62% |
| Operating profit | −$3.9M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | −$2.7M | — | — |
What changed
Revenue was $1.4M in Q4 2025, up 62% year over year and down 6% from the previous quarter.
Gross margin was 52.3%, up 4.9 points from Q4 2024. Operating costs exceeded revenue by $3.9M, an operating margin of -280.9%. Operating expenses fell 7% while revenue rose 62%. The quarter ended with a net loss of $3.9M, wider than the previous quarter's $2.8M loss.
Operating cash flow was −$2.7M. Non-cash charges added back $139K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $137K. Capital expenditures of $7K exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Wrap Technologies' revenue in the fourth quarter 2025?
Wrap Technologies (WRAP) reported revenue of $1.4M for the fourth quarter 2025 (Q4 2025), +62% from a year earlier and -6% from the quarter before.
Was Wrap Technologies profitable in the fourth quarter 2025?
Operating loss was $3.9M (-280.9% of revenue) and net loss $3.9M.
Source: Wrap Technologies 10-K on SEC EDGAR.