Wrap Technologies (WRAP) Operating Expenses (2017 - 2026)
Wrap Technologies' (WRAP) quarterly Operating Expenses came in at $5.5 million in Q1 2026, up 20.88% YoY from $4.5 million in Q1 2025, and up 16.72% on a QoQ basis from $4.7 million in Q4 2025.
Wrap Technologies (WRAP) Operating Expenses (2017 - 2026) Analysis & Trends
Wrap Technologies (WRAP) has 10 years of Operating Expenses data on file, last reported at $5.5 million in Q1 2026.
- Quarterly Operating Expenses rose 20.88% year-over-year to $5.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $17.1 million (down 2.56% YoY) and the FY2025 annual result came in at $16.2 million, down 10.25% from the prior year.
- Operating Expenses advanced to $5.5 million in Q1 2026, from $4.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $6.3 million in Q4 2023 to a low of $3.3 million in Q2 2025.
- A 5-year average of $4.9 million and a median of $4.9 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses tumbled 32.31% — and 2026, when it rose 20.88%.
- Tracing WRAP's Operating Expenses over 5 years: stood at $5.3 million in 2022, then climbed by 19.6% to $6.3 million in 2023, then dropped by 20.47% to $5.0 million in 2024, then decreased by 7.24% to $4.7 million in 2025, then grew by 16.72% to $5.5 million in 2026.
- The last three Operating Expenses figures came in at $5.5 million (Q1 2026), $4.7 million (Q4 2025), and $3.6 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 646.51 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 1.31 Bn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | 1.77 Bn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 1.33 Bn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 282.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 485.40 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 542.90 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 120.26 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 298.07 Mn |
| 10 | Wrap Technologies | 86.66 Mn | 81.88 Mn | 1.55 Mn | 3.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.80 Mn |
| Mar 31, 2026 | 5.46 Mn |
| Dec 31, 2025 | 4.68 Mn |
| Sep 30, 2025 | 3.64 Mn |
| Jun 30, 2025 | 3.34 Mn |
| Mar 31, 2025 | 4.52 Mn |
| Dec 31, 2024 | 5.04 Mn |
| Sep 30, 2024 | 3.86 Mn |
| Jun 30, 2024 | 4.15 Mn |
| Mar 31, 2024 | 4.98 Mn |
| Dec 31, 2023 | 6.34 Mn |
| Sep 30, 2023 | 4.93 Mn |
| Jun 30, 2023 | 5.75 Mn |
| Mar 31, 2023 | 4.61 Mn |
| Dec 31, 2022 | 5.30 Mn |
| Sep 30, 2022 | 4.82 Mn |
| Jun 30, 2022 | 5.24 Mn |
| Mar 31, 2022 | 6.10 Mn |
| Dec 31, 2021 | 5.98 Mn |
| Sep 30, 2021 | 6.73 Mn |