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WRAP · WRAP TECHNOLOGIES, INC.

Wrap Technologies, Inc., a public safety technology and services company, develops policing solutions for law enforcement and security personnel in the United States, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company offers BolaWrap, a handheld and non-lethal device designed to give a tactical option; Wrap Reality, a virtual reality training platform, which provides scenario-based training focused on human-factors awareness, decision making under stress, and use of force judgment.; WrapTactics, a subscription-based digital training and performance platform aimed at delivering short form and scenario-based instruction focused on non-lethal response tactics, decision-making under stress, and follow-on lawful control techniques; WrapVision, a body-worn camera and digital evidence management solution; and counter-unmanned aircraft systems (C-UAS) through a network of distributors, resellers, strategic partners, and direct sales. Wrap Technologies, Inc. was founded in 2016 and is headquartered in Miami, Florida.

Cap structure and valuation

Cap structure
SP$2.20
SO55.7M
Options10.3M
Warrants0.0M
FD SO66.1M
MC$145.4M
Cash$7.3M
Total debt
EV$138.1M
TTM Multiples
EV / Revenue27.5x
EV / EBITDA
MC / Net Income
EV / FCF
MC / FCF
Ownership & coverage
Institutional12.8%
Insiders18.0%
# Institutions67
Analysts0
Consensus
Avg target
Short % float17.5%
Days to cover27.54

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-11. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.

Financial statements

LTM12/31/2512/31/2412/31/2312/31/22
Total Revenue 5.024.674.516.138.05
Revenue YoY % 7.4%3.7%(26.5%)(23.8%)
Cost of Revenue 2.221.972.043.234.32
Gross Profit 2.792.702.462.913.73
Gross Profit YoY % 3.6%9.5%(15.2%)(22.2%)
Gross Margin % 55.7%57.8%54.7%47.4%46.4%
SG&A 17.2516.1315.6918.3616.39
R&D (0.13)0.062.343.275.08
Operating Expense 17.1216.1818.0321.6321.46
Operating Income (14.33)(13.48)(15.57)(18.72)(17.73)
Operating Income YoY % (6.3%)13.4%16.9%(5.6%)
Operating Margin % (285.6%)(288.6%)(345.4%)(305.3%)(220.3%)
EBITDA (13.84)(12.89)(14.74)(17.90)(16.97)
EBITDA Margin % (275.7%)(275.9%)(327.0%)(291.8%)(210.8%)
Other Income / (Expense) (0.65)3.159.69(11.50)
Pretax Income (14.98)(10.34)(5.88)(30.22)(17.62)
Tax Provision 0.000.000.000.00
Net Income (14.98)(10.34)(5.88)(30.22)(17.62)
Net Margin % (298.6%)(221.2%)(130.4%)(492.7%)(218.9%)
Diluted EPS -$0.30-$0.22-$0.16-$0.72
Basic EPS -$0.30-$0.22-$0.16-$0.72-$0.43
Diluted Avg Shares 54.050.445.642.3
Basic Avg Shares 54.050.445.642.341.2

Insider activity (last 2 years)

Date Filed Reporter Relationship Trans. Date Code Shares Price Total Value
2026-07-10 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-07-08 P 209,353 $1.10 $230,288
2026-07-09 SHULMAN JOHN D Director 2026-07-08 P 100,000 $1.10 $110,000
2026-07-09 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-07-08 P 21,740 $1.10 $23,914
2026-07-09 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-07-07 A 6,408 $0
2026-07-09 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-07-07 A 4,576 $0
2026-07-06 Bernstein Bruce Director 2026-07-01 A 34,998 $0
2026-07-06 Savas Marc Director 2026-07-01 A 34,998 $0
2026-07-06 Srinivasan Rajiv Director 2026-07-01 A 34,998 $0
2026-07-06 Szymanski Timothy Director 2026-07-01 A 34,998 $0
2026-07-06 SHULMAN JOHN D Director 2026-07-01 A 34,998 $0
2026-06-05 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-06-05 A 30,435 $0
2026-06-05 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-06-05 A 21,740 $0
2026-05-05 NORRIS ELWOOD G 10% Owner 2026-02-10 S (27,104) $1.82 -$49,291
2026-05-05 NORRIS ELWOOD G 10% Owner 2026-02-09 S (35,000) $1.82 -$63,574
2026-05-05 NORRIS ELWOOD G 10% Owner 2026-02-06 S (75,000) $1.87 -$140,572
2026-05-05 NORRIS ELWOOD G 10% Owner 2026-02-03 S (20,000) $2.20 -$44,020
2026-05-05 NORRIS ELWOOD G 10% Owner 2026-02-02 S (31,991) $2.08 -$66,439
2026-05-04 SHULMAN JOHN D Director 2026-04-01 A 19,643 $0
2026-05-04 Szymanski Timothy Director 2026-04-01 A 19,643 $0
2026-05-01 Srinivasan Rajiv Director 2026-04-01 A 19,643 $0
2026-05-01 Savas Marc Director 2026-04-01 A 19,643 $0
2026-05-01 Bernstein Bruce Director 2026-04-01 A 19,643 $0
2026-04-06 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-04-06 A 4,763 $0
2026-04-06 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-04-06 A 3,402 $0
2026-03-06 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-03-04 A 38,740 $0
2026-03-06 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-03-04 A 27,672 $0
2026-02-03 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-02-03 A 60,345 $0
2026-02-03 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-02-03 A 43,104 $0
2026-02-03 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-02-02 A 475,000 $2.00 $950,000
2026-02-03 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-02-02 A 475,000 $0
2026-02-03 SHULMAN JOHN D Director 2026-02-02 A 250,000 $2.00 $500,000
2026-02-03 SHULMAN JOHN D Director 2026-02-02 A 250,000 $0
2026-02-03 Savas Marc Director 2026-02-02 A 25,000 $2.00 $50,000
2026-02-03 Savas Marc Director 2026-02-02 A 25,000 $0
2026-02-03 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2026-02-01 A 2,000,000 $0
2026-02-03 Novick Jared Officer (President and COO) 2026-02-01 A 1,000,000 $0
2026-02-03 Bernstein Bruce Director 2026-02-01 A 100,000 $0
2026-02-03 Srinivasan Rajiv Director 2026-02-01 A 50,000 $0
2026-02-03 NORRIS ELWOOD G 10% Owner 2026-01-29 S (80,000) $2.21 -$176,560
2026-02-03 NORRIS ELWOOD G 10% Owner 2026-01-28 S (68,020) $2.46 -$167,458
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-11-28 S (5,000) $2.15 -$10,765
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-11-26 S (5,000) $2.14 -$10,710
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-11-24 S (30,000) $2.06 -$61,653
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-11-21 S (10,536) $2.06 -$21,688
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-11-20 S (17,008) $2.02 -$34,315
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-11-19 S (3,013) $2.02 -$6,086
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-11-14 S (55,000) $2.36 -$129,701
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-11-13 S (20,000) $2.09 -$41,784
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-11-12 S (25,000) $2.16 -$54,027
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-11-11 S (5,000) $2.20 -$11,005
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-31 S (55,000) $2.82 -$154,974
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-30 S (54,381) $2.77 -$150,809
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-27 S (5,000) $2.65 -$13,272
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-24 S (75,001) $2.62 -$196,518
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-23 S (50,000) $2.52 -$125,810
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-21 S (25,000) $2.69 -$67,360
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-20 S (75,000) $2.48 -$186,158
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-17 S (10,000) $2.29 -$22,901
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-16 S (25,000) $2.43 -$60,632
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-15 S (2,871) $2.57 -$7,364
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-14 S (40,000) $2.56 -$102,376
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-13 S (35,000) $2.56 -$89,579
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-10 S (5,000) $2.58 -$12,909
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-07 S (55,000) $2.83 -$155,650
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-06 S (25,100) $2.91 -$73,041
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-03 S (51,501) $2.74 -$141,113
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-10-02 S (25,000) $2.58 -$64,480
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-07-10 S (15,000) $1.50 -$22,500
2026-01-29 NORRIS ELWOOD G 10% Owner 2025-06-13 S (10,000) $1.71 -$17,101
2026-01-12 Savas Marc Director 2026-01-12 A 7,063 $0
2026-01-12 Srinivasan Rajiv Director 2026-01-12 A 3,346 $0
2026-01-12 Bernstein Bruce Director 2026-01-12 A 10,409 $0
2026-01-05 Szymanski Timothy Director 2026-01-01 A 12,710 $0
2026-01-05 Srinivasan Rajiv Director 2026-01-01 A 12,710 $0
2026-01-05 SHULMAN JOHN D Director 2026-01-01 A 9,394 $0
2026-01-05 Savas Marc Director 2026-01-01 A 12,710 $0
2026-01-05 Bernstein Bruce Director 2026-01-01 A 12,710 $0
2025-12-29 SHULMAN JOHN D Director 2025-10-25 A 30,000 $0
2025-10-08 Bernstein Bruce Director 2025-10-01 A 13,940 $0
2025-10-08 Szymanski Timothy Director 2025-10-01 A 13,940 $0
2025-10-08 Savas Marc Director 2025-10-01 A 13,940 $0
2025-10-07 Srinivasan Rajiv Director 2025-10-01 A 13,940 $0
2025-09-03 Novick Jared Director, Officer (President and COO), 10% Owner 2025-08-29 S (96,988) $1.31 -$126,666
2025-09-03 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2025-08-29 S (96,989) $1.31 -$126,668
2025-08-28 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2025-08-18 A 666,667 $0
2025-08-28 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2025-08-18 A 1,000 $0
2025-07-21 Ratigan Gerald Thomas JR Officer (Chief Financial Officer) 2025-06-09 A 200,000 $0
2025-07-10 Bernstein Bruce Director 2025-07-01 A 19,391 $0
2025-07-03 Szymanski Timothy Director 2025-07-01 A 19,391 $0
2025-07-03 Srinivasan Rajiv Director 2025-07-01 A 19,391 $0
2025-07-03 Savas Marc Director 2025-07-01 A 19,391 $0
2025-06-17 NORRIS ELWOOD G 10% Owner 2025-06-11 S (30,000) $1.68 -$50,412
2025-05-22 NORRIS ELWOOD G 10% Owner 2025-05-19 S (1,449) $1.54 -$2,233
2025-04-16 Savas Marc Director 2025-04-10 A 19,643 $0
2025-04-16 Szymanski Timothy Director 2025-04-10 A 19,643 $0
2025-04-16 Bernstein Bruce Director 2025-04-10 A 19,643 $0
2025-04-16 Srinivasan Rajiv Director 2025-04-10 A 19,643 $0
2025-03-12 Novick Jared Officer (President and COO) 2025-02-24 A 275,000 $1.80 $495,000
2025-03-12 Novick Jared Officer (President and COO) 2025-02-24 A 275,000 $0
2025-02-26 Savas Marc Director 2025-02-24 A 50,000 $1.80 $90,000
2025-02-26 Savas Marc Director 2025-02-24 A 50,000 $0
2025-02-26 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2025-02-24 A 1,100,000 $1.80 $1,980,000
2025-02-26 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2025-02-24 A 1,100,000 $0
2025-02-13 Novick Jared Officer (Chief Operating Officer) 2025-02-05 A 250,000 $0
2025-02-13 Novick Jared Officer (Chief Operating Officer) 2025-02-05 A 500,000 $0
2025-02-13 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2025-02-05 A 250,000 $0
2025-02-13 Cohen Scot Director, Officer (Executive Chairman and CEO), 10% Owner 2025-02-05 A 500,000 $0
2025-02-13 Srinivasan Rajiv Director 2025-02-05 A 4,545 $0
2025-02-13 Bernstein Bruce Director 2025-02-05 A 5,051 $0
2025-02-13 Bernstein Bruce Director 2025-02-05 A 9,091 $0
2025-02-13 Savas Marc Director 2025-02-05 A 5,051 $0
2025-02-13 Savas Marc Director 2025-02-05 A 4,545 $0
2025-01-07 Szymanski Timothy Director 2025-01-01 A 14,269 $0
2025-01-06 Bernstein Bruce Director 2025-01-01 A 14,269 $0
2025-01-06 Savas Marc Director 2025-01-01 A 14,269 $0
2025-01-06 Srinivasan Rajiv Director 2025-01-01 A 14,269 $0
2024-10-22 NORRIS ELWOOD G 10% Owner 2024-10-17 S (39,990) $1.84 -$73,522
2024-10-22 NORRIS ELWOOD G 10% Owner 2024-10-16 S (22,186) $1.63 -$36,199
2024-10-22 NORRIS ELWOOD G 10% Owner 2024-10-15 S (10,000) $1.54 -$15,396
2024-10-22 NORRIS ELWOOD G 10% Owner 2024-10-14 S (12,814) $1.59 -$20,329
2024-10-22 NORRIS ELWOOD G 10% Owner 2024-10-11 S (12,365) $1.61 -$19,894
2024-10-22 NORRIS ELWOOD G 10% Owner 2024-10-10 S (5,000) $1.56 -$7,822
2024-10-03 Bernstein Bruce Director 2024-10-01 A 20,167 $0
2024-10-03 Savas Marc Director 2024-10-01 A 20,167 $0
2024-10-03 Srinivasan Rajiv Director 2024-10-01 A 20,167 $0
2024-10-03 Szymanski Timothy Director 2024-10-01 A 20,167 $0