Wrap Technologies, Inc. (WRAP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.11M | 1.4M | 1.49M | 1.01M | 765K | 865K | 593K | 1.57M | 1.48M | 589K | 3.63M | 1.2M | 711K | 3.58M | 1.7M | 1.17M | 1.6M | 2.45M | 1.8M | 1.93M |
| Revenue Growth % | 45.23% | 62.31% | 151.43% | -35.66% | -48.17% | 46.86% | -83.67% | 30.87% | 107.59% | -83.57% | 113.46% | 3.18% | -55.53% | 46.39% | -5.76% | -39.76% | 3.7% | 73.07% | 79.29% | 132.29% |
| Cost of Goods Sold | 420K | 670K | 608K | 525K | 170K | 455K | 358K | 589K | 640K | 880K | 1.45M | 534K | 359K | 1.89M | 790K | 708K | 932K | 1.71M | 1.09M | 1.99M |
| COGS % of Revenue | 37.8% | 47.72% | 40.78% | 51.88% | 22.22% | 52.6% | 60.37% | 37.44% | 43.36% | 149.41% | 40.04% | 44.43% | 50.49% | 52.58% | 46.44% | 60.77% | 58.29% | 69.87% | 60.61% | 103.1% |
| Gross Profit | 691K | 734K | 883K | 487K | 595K | 410K | 235K | 984K | 836K | -291K | 2.18M | 668K | 352K | 1.7M | 911K | 457K | 667K | 738K | 711K | -60K |
| Gross Margin % | 62.2% | 52.28% | 59.22% | 48.12% | 77.78% | 47.4% | 39.63% | 62.56% | 56.64% | -49.41% | 59.96% | 55.57% | 49.51% | 47.42% | 53.56% | 39.23% | 41.71% | 30.13% | 39.39% | -3.1% |
| Gross Profit Growth % | 16.13% | 79.02% | 275.74% | -50.51% | -28.83% | 240.89% | -89.21% | 47.31% | 137.5% | -117.12% | 138.97% | 46.17% | -47.23% | 130.35% | 28.13% | 861.67% | 10.25% | 56.03% | 123.04% | -122.42% |
| Operating Expenses | 5.46M | 4.68M | 3.64M | 3.34M | 4.52M | 5.04M | 3.86M | 4.15M | 4.97M | 6.34M | 4.93M | 5.75M | 4.61M | 5.3M | 4.82M | 5.24M | 6.1M | 5.98M | 6.73M | 7.74M |
| OpEx % of Revenue | 491.45% | 333.19% | 244.4% | 330.34% | 590.46% | 583.01% | 651.1% | 264.08% | 337.06% | 1076.57% | 135.69% | 478.12% | 648.66% | 147.89% | 283.48% | 449.79% | 381.55% | 244.06% | 372.85% | 400.26% |
| Selling, General & Admin | 5.36M | 5.24M | 3.48M | 3.18M | 4.14M | 4.66M | 3.33M | 3.48M | 4.22M | 4.06M | 4.32M | 4.75M | 3.54M | 4.68M | 3.59M | 3.76M | 4.36M | 4.07M | 0 | 0 |
| SG&A % of Revenue | 482% | 373.29% | 233.2% | 314.33% | 541.05% | 538.61% | 562.23% | 220.92% | 285.91% | 688.79% | 118.89% | 394.76% | 497.89% | 130.43% | 210.82% | 323.09% | 272.92% | 166.03% | - | - |
| Research & Development | 105K | -563K | 167K | 162K | 378K | 384K | 527K | 679K | 755K | 584K | 610K | 1M | 1.07M | 868K | 1.24M | 1.48M | 1.5M | 1.91M | 2.08M | 1.16M |
| R&D % of Revenue | 9.45% | -40.1% | 11.2% | 16.01% | 49.41% | 44.39% | 88.87% | 43.17% | 51.15% | 99.15% | 16.8% | 83.36% | 150.77% | 24.21% | 72.66% | 126.7% | 93.5% | 78.03% | 115.01% | 60.08% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | -242K | 0 | 0 | 242K | 0 | 1000K | 1000K |
| Operating Income | -4.77M | -3.94M | -2.76M | -2.86M | -3.92M | -4.63M | -3.63M | -3.17M | -4.14M | -6.63M | -2.75M | -5.08M | -4.26M | -3.6M | -3.91M | -4.78M | -5.43M | -5.24M | -6.02M | -7.8M |
| Operating Margin % | -429.25% | -280.91% | -185.18% | -282.21% | -512.68% | -535.61% | -611.47% | -201.53% | -280.42% | -1125.98% | -75.74% | -422.55% | -599.16% | -100.47% | -229.92% | -410.56% | -339.84% | -213.92% | -333.46% | -403.36% |
| Operating Income Growth % | -21.6% | 14.87% | 23.86% | 9.91% | 5.24% | 30.14% | -31.85% | 37.59% | 2.84% | -84.12% | 29.69% | -6.19% | 21.6% | 31.25% | 35.02% | 38.69% | 0.07% | -31.77% | -55.8% | -173.97% |
| EBITDA | -4.71M | -3.8M | -2.61M | -2.71M | -3.77M | -4.45M | -3.43M | -2.94M | -3.92M | -6.48M | -2.48M | -4.85M | -4.06M | -3.41M | -3.72M | -4.59M | -5.25M | -5.1M | -5.9M | -7.69M |
| EBITDA Margin % | -424.21% | -270.94% | -175.12% | -267.49% | -492.42% | -514.68% | -578.58% | -187.03% | -265.31% | -1100.85% | -68.25% | -403.41% | -571.03% | -95.23% | -218.52% | -393.65% | -328.39% | -208.13% | -326.98% | -397.41% |
| EBITDA Growth % | -25.11% | 14.56% | 23.9% | 7.99% | 3.8% | 31.34% | -38.46% | 39.33% | 3.55% | -89.92% | 33.33% | -5.73% | 22.68% | 33.02% | 37.02% | 40.33% | 1.56% | -30.57% | -54.29% | -172.51% |
| D&A (Non-Cash Add-back) | 56K | 140K | 150K | 149K | 155K | 181K | 195K | 228K | 223K | 148K | 272K | 230K | 200K | 188K | 194K | 197K | 183K | 142K | 117K | 115K |
| EBIT | -4.77M | -3.94M | -2.76M | -2.86M | -3.92M | -7.6M | -3.63M | -3.17M | -4.14M | -4.93M | -2.75M | -5.01M | -4.26M | -3.84M | -3.91M | -4.78M | -5.19M | -5.24M | -6.02M | -7.8M |
| Net Interest Income | 1K | 1K | 2K | 2K | 2K | 2K | 21K | 55K | 78K | 0 | 90K | 88K | 236K | 16K | 34K | 0 | 2K | 9K | 13K | 8K |
| Interest Income | 1K | 1K | 2K | 2K | 2K | 2K | 21K | 55K | 78K | 0 | 90K | 88K | 236K | 16K | 34K | 0 | 2K | 9K | 13K | 8K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 229K | 0 | -12K | -871K | 4.03M | -2.96M | 5.62M | 2.79M | 4.26M | -11.77M | -33K | 72K | 232K | 67K | 46K | -2K | 2K | 10K | 28K | 2K |
| Pretax Income | -4.54M | -3.94M | -2.77M | -3.73M | 109K | -7.6M | 1.99M | -385K | 117K | -18.4M | -2.78M | -5.01M | -4.03M | -3.54M | -3.87M | -4.79M | -5.43M | -5.23M | -5.99M | -7.8M |
| Pretax Margin % | -408.64% | -280.91% | -185.98% | -368.28% | 14.25% | -878.27% | 335.58% | -24.48% | 7.93% | -3124.11% | -76.65% | -416.56% | -566.53% | -98.61% | -227.22% | -410.73% | -339.71% | -213.52% | -331.91% | -403.26% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -4.54M | -3.94M | -2.77M | -3.73M | 109K | -7.6M | 1.99M | -385K | 117K | -18.4M | -2.78M | -5.01M | -4.03M | -3.54M | -3.87M | -4.79M | -5.43M | -5.23M | -5.99M | -7.8M |
| Net Margin % | -408.64% | -280.91% | -185.98% | -368.28% | 14.25% | -878.27% | 335.58% | -24.48% | 7.93% | -3124.11% | -76.65% | -416.56% | -566.53% | -98.61% | -227.22% | -410.73% | -339.71% | -213.52% | -331.91% | -403.26% |
| Net Income Growth % | -4265.14% | 48.08% | -239.35% | -868.05% | -6.84% | 58.71% | 171.51% | 92.31% | 102.9% | -420.54% | 27.99% | -4.64% | 25.85% | 32.4% | 35.49% | 38.65% | -0.06% | -47.05% | -55.13% | -176.9% |
| Net Income (Continuing) | -4.54M | -3.94M | -2.77M | -3.73M | 109K | -7.6M | 1.99M | -385K | 117K | -18.4M | -2.78M | -5.01M | -4.03M | -3.54M | -3.87M | -4.79M | -5.43M | -5.23M | -5.99M | -7.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.09 | -0.08 | -0.06 | -0.08 | -0.00 | -0.17 | 0.04 | -0.02 | -0.00 | -0.42 | -0.07 | -0.12 | -0.10 | -0.08 | -0.09 | -0.12 | -0.13 | -0.13 | -0.15 | -0.20 |
| EPS Growth % | - | 50.47% | -257.53% | -288.38% | - | 59.52% | 152.29% | 83.5% | 98.36% | -398.22% | 25.82% | 0% | 25.15% | 35.15% | 37.27% | 40% | 7.14% | -36.7% | -36.36% | -121.73% |
| EPS (Basic) | -0.09 | -0.08 | -0.06 | -0.08 | -0.00 | -0.17 | 0.04 | -0.02 | -0.00 | -0.42 | -0.07 | -0.12 | -0.10 | -0.08 | -0.09 | -0.12 | -0.13 | -0.13 | -0.15 | -0.20 |
| Diluted Shares Outstanding | 54M | 51.73M | 51.1M | 50.61M | 48.4M | 45.62M | 45.86M | 45.32M | 44.16M | 43.86M | 42.65M | 41.71M | 41.42M | 41.16M | 41.09M | 40.98M | 40.91M | 39.28M | 40.41M | 38.16M |
| Basic Shares Outstanding | 54M | 51.73M | 51.1M | 50.61M | 48.4M | 45.62M | 45.86M | 45.32M | 44.16M | 43.86M | 42.65M | 41.71M | 41.42M | 41.16M | 41.09M | 40.98M | 40.91M | 39.28M | 40.41M | 38.16M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | 51.28% | - | - | - | - | - | - | - | - | - | - | - |