# WRAP TECHNOLOGIES, INC. (WRAP) · Edgar & Edgarette company card

> Wrap Technologies (WRAP) grew revenue 3.7% in FY2025 to $5 million, operating margin -289% against a 8.1% median for ordnance & accessories, (no vehicles/guided missiles), equity 74.5% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1702924 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/WRAP) · [JSON](https://www.pops4.com/boards/company/WRAP.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $5M |
| Revenue growth, 1 year | 3.7% |
| Revenue growth per year | -11.8% |
| Operating margin | -288.6% (prior year -345.4%) |
| Net margin | -221.2% |
| Operating cash flow | −$10M |
| Capital spending | $100,000 |
| Free cash flow | −$10M |
| Cash | $3M |
| Long-term debt | — |
| Total assets | $15M |
| Total equity | $11M |
| Equity ÷ assets | 74.5% |
| Return on equity | -89.9% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -23.31 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Beneish M: 1.64 (above the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -288.6% in FY2025; revenue is hard to predict: its 80% range is ±60%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $4.7M (FY2025). Experience: revenue up 3.7% on the year, down 11.8% a year over 4 years; operating margin -288.6%, up from -345.4%. Soundness: equity 74.5% of assets, return on equity -89.9%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.1M and $8.6M next year (method v4.1: its own 5-year record of growth weighed at 57% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.9M to $9.5M. A statistical range, not company guidance. Against peers (38 filers, $50M+ revenue, its industry group): operating margin -288.6% against a 8.1% median; growth 3.7% against 2.4%.

Range logged 2026-09-25, receipt 26a6ddbc2f0fff69, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-10-26 ([filing](https://www.sec.gov/Archives/edgar/data/1702924/000149315226048510/0001493152-26-048510-index.htm))

## Recent filings

- 8-K · filed 2026-10-26 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1702924/000149315226048510/0001493152-26-048510-index.htm)
- 8-K · filed 2026-09-09 · 1.01 Entry into a Material Definitive Agreement; 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1702924/000149315226041992/0001493152-26-041992-index.htm)
- 8-K · filed 2026-08-18 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1702924/000149315226039044/0001493152-26-039044-index.htm)
- 8-K · filed 2026-08-18 · 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1702924/000149315226038916/0001493152-26-038916-index.htm)
- 10-Q · filed 2026-08-11 · [filing](https://www.sec.gov/Archives/edgar/data/1702924/000114036126032276/0001140361-26-032276-index.htm)
- 8-K · filed 2026-08-11 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1702924/000149315226037136/0001493152-26-037136-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001702924.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1702924

## Cite

POPS4, Edgar & Edgarette: WRAP TECHNOLOGIES, INC. (WRAP) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/WRAP. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.