Wrap TECHNOLOGIES, Inc. (WRAP) intrinsic value & 10-year financials

Wrap TECHNOLOGIES, Inc. (WRAP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 113.4% a year to $4.7M, with an average return on invested capital of -963.3%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.27
Market cap
$64.0M
Revenue (FY2025)
$4.7M
Revenue growth (10-yr CAGR)
113.4%
ROIC (10-yr avg)
-963.3%
Free cash flow (FY2025)
-$10.4M

WRAP 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.7M -$10.3M -$0.22 -$10.4M -288.6% -321.5%
FY2024 $3.6M -$5.9M -$0.16 -$8.1M -433.6% 3654.2%
FY2023 $5.3M -$30.2M -$0.72 -$16.9M -350.8% -164.2%
FY2022 $7.5M -$17.6M — -$14.9M -237.0% -60.9%
FY2021 $7.4M -$24.4M — -$19.2M -331.9% -74.1%
FY2020 $3.9M -$12.6M — -$12.4M -338.1% -81.3%
FY2019 $696.8K -$8.3M — -$8.7M -1236.2% -720.0%
FY2018 $23.1K -$3.3M — -$2.7M -14417.4% -10851.3%
FY2017 $0 -$833.5K — -$868.8K — -50.8%
FY2016 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

WRAP TECHNOLOGIES, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

WRAP TECHNOLOGIES, INC. has historically struggled to out-earn its cost of capital, averaging just -39.0% ROIC.

WRAP TECHNOLOGIES, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, WRAP TECHNOLOGIES, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-7.31 per share.

WRAP stock: frequently asked questions

What is the intrinsic value of Wrap TECHNOLOGIES, Inc. (WRAP) stock?

Graham's formula only works with positive earnings. Wrap TECHNOLOGIES, Inc. reported diluted EPS of -$0.22 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Wrap TECHNOLOGIES, Inc. generate free cash flow?

Wrap TECHNOLOGIES, Inc. generated -$10.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 9 reported years.

What is WRAP's return on invested capital?

Average ROIC over the last 10 fiscal years was -963.3%, and average return on equity was -112.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this WRAP data come from?

From Wrap TECHNOLOGIES, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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