What is Wrap Technologies's variable lease cost?

Wrap Technologies (WRAP) reported variable lease cost of $0 in Q1 2026.

How has Wrap Technologies's variable lease cost changed year-over-year?

Wrap Technologies's variable lease cost decreased by 100.0% year-over-year, from $23K to $0.

What does variable lease cost mean?

Lease payments that are not fixed in amount but vary based on an index, rate, or usage-based factor. This metric captures the flexible portion of occupancy or equipment rental costs. It provides insight into the company's exposure to market fluctuations in lease pricing and operational scalability.

Wrap Technologies WRAP Variable Lease Cost

Variable Lease Cost at other companies

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$38M-1.3%

ALH

Alliance Laundry Holdings Inc.ALH

$363.5K-17.0%

AMC Networks Inc.AMCX

$579K-7.1%

Mission Produce, Inc.AVO

$625K0.0%

Conduent IncorporatedCNDT

$4.75M-9.5%

The Baldwin Insurance Group, Inc.BWIN

$315.75K-75.6%

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

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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:VariableLeaseCost.

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 variable lease cost?: Wrap Technologies (WRAP) reported variable lease cost of $0 in Q1 2026.
How has Wrap Technologies's variable lease cost changed year-over-year?: Wrap Technologies's variable lease cost decreased by 100.0% year-over-year, from $23K to $0.
What does variable lease cost mean?: Lease payments that are not fixed in amount but vary based on an index, rate, or usage-based factor. This metric captures the flexible portion of occupancy or equipment rental costs. It provides insight into the company's exposure to market fluctuations in lease pricing and operational scalability.