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How WRAP TECHNOLOGIES, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$4.7M · 100%Cost of revenue$2M · 42%Gross profit$2.7M · 58%Operating income−$13.5M · −289%Income before tax−$10.3M · −221%Income tax$0 · 0%Net income−$10.3M · −221%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$4.7M100%
  • 10-K · FY 2025Filing detailsAccession 0001140361-26-011401 · filed Mar 26, 2026
Cost of revenue$2M42%
  • 10-K · FY 2025Filing detailsAccession 0001140361-26-011401 · filed Mar 26, 2026
$2.7M58%
  • 10-K · FY 2025Filing detailsAccession 0001140361-26-011401 · filed Mar 26, 2026
−$13.5M−289%
  • 10-K · FY 2025Filing detailsAccession 0001140361-26-011401 · filed Mar 26, 2026
Income before tax−$10.3M−221%
  • 10-K · FY 2025Filing detailsAccession 0001140361-26-011401 · filed Mar 26, 2026
Income tax$00%
  • 10-K · FY 2025Filing detailsAccession 0001140361-26-011401 · filed Mar 26, 2026
−$10.3M−221%
  • 10-K · FY 2025Filing detailsAccession 0001140361-26-011401 · filed Mar 26, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001140361-26-011401 · filed Mar 26, 2026
· event Dec 31, 2025 · retrieved Oct 17, 2026 · annual-row source set
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