Byrna Technologies (BYRN) financial statements
Byrna Technologies reported revenue of $118M in fiscal 2025, up 109.2% a year over 9 years.
Net income was $10M and the operating margin 10.0%, against -1098.6% in 2016.
Free cash flow was -$9M, and the company returned $1M in net buybacks.
The diluted share count rose 341% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Byrna Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $154,015 | $292,508 | $250,227 | $924,419 | $17M | $42M | $48M | $43M | $86M | $118M |
| Cost of revenue | $95,017 | $191,320 | $186,068 | $775,412 | $9M | $19M | $22M | $19M | $33M | $47M |
| Gross profit | $58,998 | $101,188 | $64,159 | $149,007 | $8M | $23M | $26M | $24M | $53M | $71M |
| Research and development | — | — | $164,162 | $158,105 | $40,000 | $300,000 | $500,000 | $600,000 | $600,000 | $300,000 |
| Selling, general and admin | $2M | $2M | $2M | $3M | — | — | — | — | — | — |
| Operating income | -$2M | -$2M | -$2M | -$3M | -$4M | -$3M | -$8M | -$8M | $7M | $12M |
| Interest expense | — | — | $148,887 | $414,364 | $233,095 | — | — | — | — | — |
| Pre-tax income | -$2M | -$3M | -$2M | -$4M | -$12M | -$3M | -$8M | -$8M | $7M | $12M |
| Income tax | $0 | $0 | $0 | $0 | $293,000 | -$160,000 | $234,000 | $165,000 | -$6M | $2M |
| Net income | -$2M | -$3M | -$2M | -$4M | -$13M | -$3M | -$8M | -$8M | $13M | $10M |
| EPS (diluted) | -$0.40 | -$0.50 | -$0.20 | $0.40 | -$0.98 | -$0.22 | -$0.35 | -$0.37 | $0.55 | $0.40 |
| Diluted shares | 5M | 6M | 9M | 10M | 13M | 20M | 22M | 22M | 23M | 24M |
| Gross margin | 38.3% | 34.6% | 25.6% | 16.1% | 45.3% | 54.3% | 54.7% | 55.5% | 61.5% | 60.5% |
| Operating margin | -1098.6% | -656.0% | -814.7% | -355.7% | -26.0% | -7.8% | -16.1% | -18.3% | 7.8% | 10.0% |
| Net margin | -1249.3% | -957.3% | -860.6% | -477.0% | -75.8% | -7.8% | -16.4% | -19.2% | 14.9% | 8.2% |
Balance sheet
Fiscal years, from Byrna Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $192,826 | $2M | $1M | $1M | $3M | $56M | $20M | $20M | $26M | $15M |
| Receivables | $32,534 | $36,412 | $18,914 | $438,255 | $800,000 | $2M | $6M | $3M | $3M | $11M |
| Inventory | $7,323 | $157,303 | $129,121 | $959,748 | $5M | $7M | $15M | $14M | $20M | $33M |
| Total current assets | $282,720 | $2M | $2M | $3M | $17M | $66M | $43M | $38M | $51M | $64M |
| Property, plant and equipment | $50,496 | $26,951 | $113,418 | $321,288 | $1M | $2M | $3M | $4M | $3M | $8M |
| Goodwill | — | — | — | — | $651,000 | $816,000 | $2M | $2M | $2M | $2M |
| Total assets | $370,090 | $2M | $3M | $4M | $21M | $75M | $57M | $52M | $72M | $84M |
| Total current liabilities | $1M | $973,558 | $2M | $4M | $12M | $8M | $9M | $9M | $15M | $17M |
| Total liabilities | $1M | $2M | $3M | $6M | $13M | $9M | $11M | $10M | $18M | $19M |
| Shareholders' equity | -$993,592 | -$326,623 | $157,037 | -$2M | $8M | $66M | $46M | $42M | $54M | $66M |
| Net debt | -$192,826 | -$2M | -$1M | -$1M | -$3M | -$56M | -$20M | -$20M | -$17M | -$14M |
Cash flow
Fiscal years, from Byrna Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2M | -$1M | -$2M | -$4M | $3M | -$4M | -$14M | $4M | $12M | -$2M |
| Capital spending | $0 | $21,844 | $311,523 | $245,971 | $1M | $2M | $3M | $903,000 | $2M | $8M |
| Free cash flow | -$2M | -$1M | -$2M | -$4M | $1M | -$6M | -$17M | $3M | $9M | -$9M |
| Stock-based compensation | $28,024 | $214,112 | $128,799 | $218,154 | $1M | $3M | $5M | $5M | $3M | $3M |
| Share buybacks (net) | — | — | — | — | — | $0 | -$18M | $0 | -$4M | -$1M |
| Free cash flow margin | -1077.9% | -510.4% | -762.4% | -434.7% | 6.7% | -14.9% | -35.6% | 7.0% | 11.0% | -7.8% |
Questions
What was Byrna Technologies's revenue in 2025?
$118M in fiscal 2025, from its 10-K filing.
How much free cash flow does Byrna Technologies generate?
-$9M in fiscal 2025 (operating cash flow minus capital spending).
From Byrna Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.