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Wrap Technologies WRAP Technology Service — Deferred Revenue

Other product segments

Extended Warranties And Services VR And Training
$460K+31.4%
Extended Warranties And Software VR And Training
$422K
WRAP Ready
$27K
Training
$14K+180%
Wrap Tactics
$10K

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MKTXTechnology Services — Deferred Revenue
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DUOTTechnology Solutions — Deferred Revenue
$2.9M
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DUOTTechnology Systems — Deferred Revenue
$92.3K
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MKTXTechnology Services — Contract With Customer Liability Revenue Billed In Advance
$1.49M
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AIOTServices — Contract with Customer, Liability
$23.34M+8.7%
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GNSSService — Contract With Customer Liability Current
$3.71M+17.5%

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+2.9%
Enterprise value$65.1M-3.3%
P/S14.3×-7.3×

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 / equity-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:ContractWithCustomerLiability.

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 technology service — deferred revenue?
Wrap Technologies (WRAP) reported technology service — deferred revenue of $21K in Q1 2026.
What does technology service — deferred revenue mean?
This metric reflects the balance of deferred revenue or performance obligations related to technology service contracts where payment has been received but services have not yet been fully delivered. It provides insight into the company's future revenue visibility and the volume of committed service work currently in the backlog. A rising balance typically indicates strong sales momentum for service-based offerings, while a declining balance may signal a need for new contract acquisitions.