What is Wrap Technologies's contract liabilities?

Wrap Technologies (WRAP) reported contract liabilities of $11K in Q1 2026.

How has Wrap Technologies's contract liabilities changed year-over-year?

Wrap Technologies's contract liabilities decreased by 60.7% year-over-year, from $28K to $11K.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Wrap Technologies WRAP Contract Liabilities

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——

Segments

By product

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Extended Warranties And Services VR And Training$460K+31.4%

Extended Warranties And Software VR And Training$422K—

WRAP Ready$27K—

Technology Service$21K—

Training$14K+180%

Wrap Tactics$10K—

By segment

See full

Intrensic$379K+602%

Other financials

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

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Market cap$71.9M-5.9%

Enterprise value$65.1M-12.3%

P/S14.3×-9.3×

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

See full

Return on equity-176.3%+10.5pp

Debt / equity0×-0.8×

Current ratio7.6×+6.6×

Where this comes from

Reported directly by Wrap Technologies in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Wrap Technologies’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wrap Technologies's contract liabilities?: Wrap Technologies (WRAP) reported contract liabilities of $11K in Q1 2026.
How has Wrap Technologies's contract liabilities changed year-over-year?: Wrap Technologies's contract liabilities decreased by 60.7% year-over-year, from $28K to $11K.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.