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Wrap Technologies

WRAP

Wrap Technologies is a global public safety technology company that develops integrated non-lethal solutions for law enforcement, corrections, and defense organizations.

Market cap
$88.62M+13.8%
Revenue$5.0M+32.2%
Net income-$15.0M-155%
Free cash flow-$8.6M-9.9%
EPS (diluted)-$0.30-87.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 13, 2026 (in a month)
Revenue estimate$1.6M
EPS estimate-$0.10

Financials

Q1 2026

Income statement

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Revenue$1.1M+45.2%
Gross profit$691.0K+16.1%
Operating income-$4.8M-21.6%
Net income-$4.5M-4,265%
EPS (diluted)-$0.09

Balance sheet

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Cash & equivalents$7.3M+17.7%
Total debt$459.0K-78.4%
Total equity$14.4M+462%
Total assets$16.7M-7.0%

Cash flow

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Operating cash flow-$1.2M+59.4%
CapEx$5.0K+150%
Free cash flow-$1.3M+59.3%

Valuation & ratios

Valuation

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Market cap$88.62M+13.8%
Enterprise value$81.82M+8.0%
P/S17.7×-6.4×

Profitability

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Gross margin55.7%-2.9pp
Operating margin-285.6%-64.9pp
Net margin-298.6%+3,778pp
FCF margin-170.8%-24.7pp

Returns & leverage

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Return on equity-176.3%+10.5pp
Debt / equity-0.8×
Current ratio7.6×+6.6×

Competitors

Profile

Wrap Technologies is a global public safety technology company that develops integrated non-lethal solutions for law enforcement, corrections, and defense organizations. The company provides a comprehensive ecosystem of restraint devices, body-worn cameras, and immersive virtual reality training platforms designed to de-escalate encounters and reduce the need for higher-force options. Their core value proposition centers on improving safety outcomes for both officers and subjects through tools that do not rely on pain compliance.

Competitive position

The company occupies a unique niche by offering non-pain-compliance restraint technology, differentiating itself from traditional conducted energy weapon providers.

GeographiesUnited States, South America, Global
Customer segmentsLaw Enforcement, Government Agencies, Correctional Institutions, Private Security
Business modelHardware-as-a-Service, Subscription SaaS, Consumables-driven recurring revenue, Professional Services
SuppliersThird-party component suppliers, Specialized material providers (Kevlar), Contract manufacturers, Software development partners
CustomersMunicipal police departments, Federal law enforcement agencies, International distributors, Private security firms
Listed2018
Employees69.0
CEOScot Jason Cohen
Websitewrap.com
FilingsSEC EDGAR

Questions, answered.

What is Wrap Technologies's market cap?
Wrap Technologies (WRAP) has a market capitalization of $88.6M and trades on NASDAQ.
What is Wrap Technologies's revenue and profitability?
Wrap Technologies generated $5.0M in trailing twelve-month revenue with a net loss of $15.0M, representing a net margin of -298.6%. Gross margin stands at 55.7%, with free cash flow of -$8.6M. These figures are based on the Q1 2026 filing.
Who are Wrap Technologies's competitors?
Wrap Technologies's key competitors include Motorola Solutions, Inc., Axon Enterprise, Inc., Red Cat Holdings, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Wrap Technologies partner with?
Wrap Technologies's notable partners include Carahsoft Technology Corp., OMNIA Partners.
What subsidiaries does Wrap Technologies have?
Wrap Technologies's subsidiaries include Wrap Federal, LLC, NSENA Inc., Intrensic, LLC.
Where is Wrap Technologies headquartered?
Wrap Technologies is headquartered in United States of America and employs approximately 69 people. It has been publicly traded since 2018.