| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 1.49 | 47.5% | 152.5% |
| Total Income | 1.49 | 47.5% | 152.5% |
| Expenditure | 4.25 | 9.8% | 0.7% |
| PBT | — | ||
| Net Profit | -2.77 | 25.7% | 239.2% |
| OPM | — | ||
| NPM | — | ||
| EPS | -0.06 | 14.3% | 250.0% |
Wrap Technologies Reports Q3 2025 Gross Revenue of $2M, Up 241% YoY
04 May 2026 · 4 May, 7:24 am
Summary
Wrap Technologies reported a significant increase in revenue for the third quarter of 2025, with gross revenue reaching $2.0 million, a 241% increase compared to the same period in 2024. The growth was primarily driven by stronger BolaWrap® product sales and the addition of managed services revenue. Gross profit also saw a substantial increase, rising by 276% to $0.9 million, with gross margin expanding to 59%. The company's operating loss improved by 24% to $2.8 million, demonstrating progress toward profitability through disciplined execution and operational efficiency. Wrap is transitioning towards a recurring revenue model, with subscription sales representing 12% of total gross revenue.
Key Highlights
- 1
Wrap Technologies' total gross revenue for Q3 2025 was $2.0 million, a 241% increase compared to $0.6 million in Q3 2024.
- 2
Net revenue for the quarter increased by 151% year-over-year to $1.5 million.
- 3
Recurring subscription sales grew to $236,000, representing approximately 12% of total gross revenue for Q3 2025.
- 4
Gross profit increased by 276% to $0.9 million for Q3 2025, compared to $0.2 million in the same period last year.
- 5
Gross margin expanded to 59% in Q3 2025 from 40% in the prior year, driven by improved pricing discipline, product mix, and operational efficiencies.
- 6
Operating loss improved by 24% to $2.8 million for Q3 2025, compared to $3.6 million in Q3 2024.
- 7
For the nine months ended September 30, 2025, operating loss improved 13% to $9.5 million, from $10.9 million in the prior-year period.
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