Wrap Technologies, Inc. (WRAP) Revenue History
Annual and quarterly revenue from 2016 to 2025
Compound Annual Growth Rate (CAGR)
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WRAP Revenue Growth
Revenue Breakdown (FY 2025)
WRAP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WRAP Revenue Analysis (2016–2025)
As of May 8, 2026, Wrap Technologies, Inc. (WRAP) generated trailing twelve-month (TTM) revenue of $4.7 million, reflecting explosive growth of +62.3% year-over-year. The most recent quarter (Q4 2025) recorded $1.4 million in revenue, down 5.8% sequentially.
Looking at the longer-term picture, WRAP's 5-year compound annual growth rate (CAGR) stands at +5.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $8.0 million in 2022.
Revenue diversification analysis shows WRAP's business is primarily driven by Product (67%), and Technology Service (33%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including AXON (+34.0% YoY), DGLY (-20.5% YoY), and VVPR (-85.8% YoY), WRAP has outperformed the peer group in terms of revenue growth. Compare WRAP vs AXON →
WRAP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WRAPCurrent | $5M | +62.3% | +5.7% | -259.2% | |
 AXON | $2.8B | +34.0% | +32.5% | -2.2% | |
 DGLY | $20M | -20.5% | +13.5% | -77.4% | |
 VVPR | $61,000 | -85.8% | -73.7% | -14326.2% | |
 CODA | $27M | +33.2% | +5.8% | 17.1% | |
 OSS | $32M | -63.2% | -9.1% | -10.5% |
WRAP Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.2M | +15.4% | $2.7M | 51.9% | $-13,485,000 | -259.2% |
| 2024 | $4.5M | -26.5% | $2.5M | 54.7% | $-15,567,000 | -345.4% |
| 2023 | $6.1M | -23.8% | $2.9M | 47.4% | $-18,722,000 | -305.3% |
| 2022 | $8.0M | +4.1% | $3.7M | 46.4% | $-17,730,000 | -220.3% |
| 2021 | $7.7M | +96.0% | $2.7M | 35.5% | $-24,495,000 | -316.9% |
| 2020 | $3.9M | +466.0% | $1.3M | 34.1% | $-13,077,000 | -331.6% |
| 2019 | $697K | +2909.9% | $277K | 39.7% | $-8,613,676 | -1236.2% |
| 2018 | $23K | - | $5K | 19.6% | $-3,337,634 | -14417.4% |
| 2017 | $0 | - | $-6,661 | - | $-833,545 | - |
| 2016 | $0 | - | $0 | - | $-281,227 | - |
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Start ComparisonWRAP — Frequently Asked Questions
Quick answers to the most common questions about buying WRAP stock.
Is WRAP's revenue growth accelerating or slowing?
WRAP revenue is accelerating at +62.3% year-over-year, exceeding the 5-year CAGR of +5.7%. TTM revenue reached $5M. Growth momentum has increased versus prior periods.
What is WRAP's long-term revenue growth rate?
Wrap Technologies, Inc.'s 5-year revenue CAGR of +5.7% reflects the sustained expansion pattern. Current YoY growth of +62.3% is above this long-term average.
How is WRAP's revenue distributed by segment?
WRAP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2025 are available for download. Segment mix reveals concentration and diversification trends.