Company / R&D Expense
WRAP TECHNOLOGIES, INC. R&D Expense History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$2.3M
FY2025
5-year range
$2.3M / $6.2M
FY2021-FY2025
Trend
-28.3%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has declined for 3 consecutive years, from $6M in FY2022 to $2M in FY2025.
Based on SEC 10-K filings.
$2M in FY2025 with a 5-year CAGR of +0.9%.
Declined from $5M to $2M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -27.7%
- 5-Year CAGR
- +0.9%
- 10-Year CAGR
- -
Key checks
Key Insights
- WRAP TECHNOLOGIES, INC.'s r&d expense has declined for 3 consecutive years.
- 5-year CAGR of +0.9%, indicating consistent growth.
- In FY2025, r&d expense decreased 28.3% year-over-year.
- Peak r&d expense was recorded in FY2022.
Company context
Key Data Points
- Altman Z-Score -2.39 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.3M | -28.3% |
| FY2024 | $3.3M | -35.7% |
| FY2023 | $5.1M | -18.3% |
| FY2022 | $6.2M | +122.8% |
| FY2021 | $2.8M | +24.7% |
| FY2020 | $2.2M | +204.4% |
| FY2019 | $734.8K | +136.0% |
| FY2018 | $311.3K | - |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026