The combination of accelerating revenue, margin expansion, cost discipline, and a clear path to recurring revenue via subscriptions suggests Wrap is transitioning toward sustainable growth. Traders should monitor execution on the 100% 2026 revenue target, particularly federal contract wins and international scale.
Price Chart
Executive Summary
Wrap Technologies reported Q4 and full-year 2025 results with strong quarterly revenue growth (62% YoY), expanding gross margins (52%), and reduced operating expenses, driving improved losses. Full-year revenue rose 15% to $5.2M, supported by services growth from the W1 acquisition and a strategic shift toward integrated, fleet-wide deployments. The company projects ~100% revenue growth in 2026, backed by federal market expansion and recurring subscription services.
Key Financial Metrics
Key Facts
- Q4 2025 revenue up 62% YoY to $1.4M, with product sales more than doubling to $1.2M
- Gross margin expanded to 52% in Q4 from 47% in Q4 2024
- Operating expenses down 7% in Q4 and 10% for full year 2025
- Full-year 2025 revenue increased 15% to $5.2M from $4.5M in 2024
- Company projects approximately 100% revenue growth in 2026
- Over 10,000 active BolaWrap units deployed, with 76% on the BolaWrap 150 platform
- Expanded into Indian market and launched new products including WrapVision and WrapTactics
Financial Impact
Revenue growth accelerating into 2026 with $1.4M in Q4 2025 and a target of ~100% annual growth; gross margin improvement to 52% enhances profitability trajectory
Risk Factors
- Forward-looking revenue target of ~100% growth is ambitious and not guaranteed
- Net loss widened for the full year 2025 to $(10.3)M due to non-cash warrant adjustments, despite operational improvements
- Execution risk in scaling federal and international sales, which typically involve long cycles
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3263380 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $1.15 | awaiting T+5 | — | $1.15 (−0.00%) |
Oct 22, 2026 4d ago | 3 | $1.22 | awaiting T+5 | — | $1.15 (−5.74%) |
Aug 28, 2026 8w ago | Press Release | $1.61 $1.67 | ▲ +3.73% | ▲ +3.62% | $1.15 (−28.57%) |
Aug 11, 2026 10w ago | Press Release | $1.73 $1.61 | ▼ −6.94% | ▼ −6.49% | $1.15 (−33.53%) |
Aug 4, 2026 11w ago | Press Release | $1.93 $1.73 | ▼ −10.36% | ▼ −10.71% | $1.15 (−40.41%) |
Jul 9, 2026 15w ago | Insider Cluster | $2.46 $2.19 | ▼ −10.98% | ▼ −10.42% | $1.15 (−53.25%) |
May 13, 2026 23w ago | 8-K | $1.65 $1.45 | ▼ −12.12% | ▼ −11.40% | $1.15 (−30.30%) |
May 13, 2026 23w ago | Press Release | $1.65 $1.45 | ▼ −12.12% | ▼ −11.40% | $1.15 (−30.30%) |
Apr 24, 2026 26w ago | Press Release | $1.60 $1.54 | ▼ −3.75% | ▼ −4.66% | $1.15 (−28.13%) |
Apr 22, 2026 26w ago | Press Release | $1.57 $1.58 | ▲ +0.32% | ▲ +0.26% | $1.15 (−26.75%) |
US Market Status
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