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Wrap Technologies WRAP WRAP Ready — Deferred Revenue

Other product segments

Extended Warranties And Services VR And Training
$460K+31.4%
Extended Warranties And Software VR And Training
$422K
Technology Service
$21K
Training
$14K+180%
Wrap Tactics
$10K

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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 WRAP ready — deferred revenue?
Wrap Technologies (WRAP) reported WRAP ready — deferred revenue of $27K in Q1 2026.
What does WRAP ready — deferred revenue mean?
This metric represents the deferred revenue or performance obligations associated with the WRAP Ready service program, where customers have paid in advance for future training, support, or equipment maintenance. It reflects the company's obligation to deliver ongoing services or product access over the duration of the contract term. Monitoring this balance provides insight into the company's future revenue visibility and the growth trajectory of its recurring service-based business model.