BYRN Nasdaq Miscellaneous Electrical Machinery, Equipment & Supplies Financials FY2016βFY2025
Byrna Technologies Inc. had $118M of revenue in fiscal 2025, up 37.7% on the year before. Over five years, revenue changed +48.1% a year on average.
Last close Β· Oct 26, 2026
$4.78
β$16.18 (β77.19%) past year
Hi! I read Byrna Technologies Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+37.7%
Yes. Sales grew 37.7% last year.
Does it make a profit?
8.2%
A little. It keeps 8.2% of every sale as profit.
Does profit turn into cash?
β7.8%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA summarises the numbers
Byrna Technologies Inc. had $118M of revenue in fiscal 2025, up 37.7% on the year before.
Over five years, revenue changed +48.1% a year on average.
Its operating margin was 10.0%, up 2.2Β pts: of every 100 in sales, about 10 is left after running the business.
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Loss periods are shown in red.
KIRA summarises the numbers
Byrna Technologies Inc. made $9.7M of net profit in fiscal 2025.
Net income
Net income
Diluted EPS
Diluted EPS
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
KIRA summarises the numbers
Free cash flow was β$9.2M in fiscal 2025, β7.8% of revenue.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
KIRA summarises the numbers
Byrna Technologies Inc. returned $1.1M to shareholders in fiscal 2025.
The diluted share count rose 4.4%.
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
KIRA summarises the numbers
In the last 12 months, insiders bought $0.4M of shares on the open market and sold none.
Bought, 12 months
$0.4M
8 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 15, 2026 | Adam L. RothDirector | Bought | 10,000 | $4.77 | $0.0M | Form 4 |
| Oct 14, 2026 | Adam L. RothDirector | Bought | 5,000 | $4.53 | $0.0M | Form 4 |
| Aug 6, 2026 | Leonard J ElmoreDirector | Bought | 10,000 | $4.64 | $0.0M | Form 4 |
| Jul 28, 2026 | Herbert HughesDirector | Bought | 1,499 | $3.86 | $0.0M | Form 4 |
| Jul 27, 2026 | Herbert HughesDirector | Bought | 2,501 | $3.77 | $0.0M | Form 4 |
| Jul 24, 2026 | Chris Lavern ReedDirector | Bought | 8,150 | $3.63 | $0.0M | Form 4 |
| Jul 23, 2026 | Conn Q. DavisChief Executive Officer, Director | Bought | 3,340 | $3.51 | $0.0M | Form 4 |
| Jul 23, 2026 | Herbert HughesDirector | Bought | 16,203 | $3.40 | $0.1M | Form 4 |
| Jul 22, 2026 | Conn Q. DavisChief Executive Officer, Director | Bought | 18,768 | $3.46 | $0.1M | Form 4 |
| Jul 22, 2026 | Herbert HughesDirector | Bought | 5,478 | $3.47 | $0.0M | Form 4 |
| Jul 22, 2026 | Laurilee KearnesChief Financial Officer | Bought | 2,000 | $3.42 | $0.0M | Form 4 |
| Jul 22, 2026 | TJ KennedyDirector, Chairman of the Board | Bought | 29,000 | $3.53 | $0.1M | Form 4 |
| Apr 15, 2026 | Bryan GanzSee Remarks | Bought | 1,500 | $6.56 | $0.0M | Form 4 |
| Oct 10, 2025 | Bryan GanzPresident and CEO, Director | Sold plan | 40,000 | $29.90 | $1.2M | Form 4 |
| Oct 10, 2025 | Herbert HughesDirector | Sold plan | 5,000 | $29.00 | $0.1M | Form 4 |
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Byrna Technologies Inc. can carry it.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $56.3M | $20.1M | $20.5M | $25.7M | $15.5M |
| Current ratio | 8.1x | 4.8x | 4.4x | 3.3x | 3.7x |
| Quick ratio | 7.3x | 3.0x | 2.8x | 2.0x | 1.8x |
| Total assets | $75.3M | $57.0M | $52.3M | $71.9M | $84.5M |
| Total liabilities | $9.2M | $11.1M | $10.0M | $17.6M | $18.7M |
| Shareholders' equity | $66.1M | $46.0M | $42.3M | $54.4M | $65.8M |
| Net debt (β = net cash) | β | β | β | β | β |
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Return on capital, equity and assets (annual)
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
KIRA summarises the numbers
Byrna Technologies Inc. passes 3 of 8 financial health tests (Piotroski F-score).
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 3 / 8 | 2 / 8 | 2 / 8 | 6 / 8 | 4 / 8 | 2 / 7 | 3 / 7 | 5 / 8 | 3 / 8 |
| Accruals ratio | β71.3% | β103.8% | β23.0% | β20.5% | β121.8% | 2.4% | 9.0% | β22.1% | 1.7% | 14.4% |
| Altman Z'' | β299.92 | β48.74 | β46.14 | β42.50 | β6.91 | 9.97 | 3.83 | 2.82 | 4.54 | 6.43 |
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $0.2M | $0.3M | $0.3M | $0.9M | $16.6M | $42.2M | $48.0M | $42.6M | $85.8M | $118M |
| Gross profit | $0.1M | $0.1M | $0.1M | $0.1M | $7.5M | $22.9M | $26.3M | $23.6M | $52.8M | $71.5M |
| Research and development | β | β | $0.2M | $0.2M | $0.0M | $0.3M | $0.5M | $0.6M | $0.6M | $0.3M |
| Operating income | β$1.7M | β$1.9M | β$2.0M | β$3.3M | β$4.3M | β$3.3M | β$7.7M | β$7.8M | $6.7M | $11.8M |
| Interest expense | β | β | $0.1M | $0.4M | $0.2M | β | β | β | β | β |
| Pretax income | β$1.9M | β$2.8M | β$2.2M | β$4.4M | β$12.3M | β$3.4M | β$7.7M | β$8.0M | $7.1M | $11.7M |
| Income tax | $0.0M | $0.0M | $0.0M | $0.0M | $0.3M | β$0.2M | $0.2M | $0.2M | β$5.7M | $2.1M |
| Net income | β$1.9M | β$2.8M | β$2.2M | β$4.4M | β$12.6M | β$3.3M | β$7.9M | β$8.2M | $12.8M | $9.7M |
| Net income to common | β | β | β | β | β$12.6M | β$4.3M | β$7.9M | β | β | β |
| Diluted EPS | β$0.04 | β$0.05 | β$0.02 | $0.04 | β$0.98 | β$0.22 | β | β$0.37 | $0.55 | $0.40 |
| Diluted shares | 0.05B | 0.06B | 0.09B | 0.10B | 0.13B | 0.02B | β | 0.02B | 0.02B | 0.02B |
| Cash flow | ||||||||||
| Cash from operations | β$1.7M | β$1.5M | β$1.6M | β$3.8M | $2.5M | β$4.4M | β$13.8M | $3.9M | $11.7M | β$1.6M |
| Capital expenditure | $0.0M | $0.0M | $0.3M | $0.2M | $1.4M | $1.8M | $3.3M | $0.9M | $2.3M | $7.6M |
| Free cash flow | β$1.7M | β$1.5M | β$1.9M | β$4.0M | $1.1M | β$6.3M | β$17.1M | $3.0M | $9.4M | β$9.2M |
| Depreciation and amortization | $0.0M | $0.0M | $0.0M | $0.0M | $0.2M | $0.5M | $0.9M | $1.3M | $1.5M | $2.1M |
| Stock-based compensation | $0.0M | $0.2M | $0.1M | $0.2M | $1.3M | $3.2M | $5.4M | $5.4M | $3.4M | $3.1M |
| Acquisitions | β | β | β | β | $0.5M | $4.0M | $1.9M | $0.0M | β | β |
| Share buybacks | β | β | β | β | β | $0.0M | $17.5M | $0.0M | $3.8M | $1.1M |
| Dividends and buybacks | β | β | β | β | β | $0.0M | $17.5M | $0.0M | $3.8M | $1.1M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.2M | $2.0M | $1.2M | $1.2M | $3.2M | $56.3M | $20.1M | $20.5M | $25.7M | $15.5M |
| Total debt | β | β | β | $6.5M | β | β | β | β | β | β |
| Current assets | $0.3M | $2.2M | $2.2M | $2.9M | $16.6M | $66.2M | $42.6M | $38.2M | $51.0M | $63.7M |
| Current liabilities | $1.4M | $1.0M | $2.3M | $3.7M | $11.8M | $8.2M | $8.9M | $8.6M | $15.4M | $17.1M |
| Inventory | $0.0M | $0.2M | $0.1M | $1.0M | $4.8M | $6.6M | $15.5M | $13.9M | $20.0M | $32.7M |
| Property and equipment, net | $0.1M | $0.0M | $0.1M | $0.3M | $1.2M | $2.0M | $3.3M | $3.8M | $3.4M | $7.7M |
| Goodwill | β | β | β | β | $0.7M | $0.8M | $2.3M | $2.3M | $2.3M | $2.3M |
| Intangible assets | β | $0.0M | $0.1M | $0.1M | $0.8M | $3.9M | $3.9M | $3.6M | $3.3M | $3.1M |
| Total assets | $0.4M | $2.2M | $2.7M | $3.6M | $21.2M | $75.3M | $57.0M | $52.3M | $71.9M | $84.5M |
| Total liabilities | $1.4M | $1.9M | $2.5M | $5.6M | $12.8M | $9.2M | $11.1M | $10.0M | $17.6M | $18.7M |
| Preferred stock | $0.0M | $0.0M | β | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$1.0M | β$0.3M | $0.2M | β$2.0M | $8.4M | $66.1M | $46.0M | $42.3M | $54.4M | $65.8M |
| Margins | ||||||||||
| Gross margin | 38.3% | 34.6% | 25.7% | 16.1% | 45.3% | 54.3% | 54.7% | 55.5% | 61.5% | 60.5% |
| Operating margin | β1,098.8% | β656.1% | β814.8% | β355.7% | β26.0% | β7.8% | β16.1% | β18.3% | 7.8% | 10.0% |
| EBITDA margin | β1,068.6% | β640.5% | β807.1% | β350.7% | β24.5% | β6.7% | β14.3% | β15.3% | 9.5% | 11.8% |
| Net margin | β1,249.4% | β957.4% | β860.7% | β477.0% | β75.8% | β7.8% | β16.4% | β19.2% | 14.9% | 8.2% |
| FCF margin | β1,078.0% | β510.4% | β762.4% | β434.7% | 6.7% | β14.9% | β35.6% | 7.0% | 11.0% | β7.8% |
| Returns | ||||||||||
| Return on capital | β | β | β | β78.7% | β | β | β | β | β | β |
| Return on capital employed | 170.3% | β157.5% | β629.0% | 3,017.0% | β45.8% | β4.9% | β16.1% | β17.8% | 11.8% | 17.6% |
| Return on equity | β | β | β | β | β390.6% | β8.8% | β14.1% | β18.6% | 26.5% | 16.1% |
| Return on assets | β519.9% | β218.6% | β88.8% | β141.7% | β101.3% | β6.8% | β11.9% | β15.0% | 20.6% | 12.4% |
| Return on tangible equity | β | β | β4,247.5% | β | β180.7% | β7.0% | β19.8% | β22.5% | 26.2% | 16.0% |
| Growth | ||||||||||
| Revenue growth | β | 89.9% | β14.5% | 269.5% | 1,692.1% | 154.5% | 13.9% | β11.2% | 101.1% | 37.7% |
| Net income growth | β | β | β | β | β | β | β | β | β | β24.3% |
| EPS growth | β | β | β | β | β2,550.0% | β | β | β | β | β27.3% |
| FCF growth | β | β | β | β | β | β664.3% | β | β | 214.2% | β197.9% |
| Share count change | β | 5.5% | 63.7% | 9.6% | 22.4% | β84.5% | β | β | 5.6% | 4.4% |
| Financial health | ||||||||||
| Interest coverage | β | β | β13.7x | β7.9x | β18.5x | β | β | β | β | β |
| Current ratio | 0.2x | 2.2x | 1.0x | 0.8x | 1.4x | 8.1x | 4.8x | 4.4x | 3.3x | 3.7x |
| Quick ratio | 0.2x | 2.1x | 0.9x | 0.5x | 1.0x | 7.3x | 3.0x | 2.8x | 2.0x | 1.8x |
| Capital allocation | ||||||||||
| Capex / revenue | 0.0% | 7.5% | 124.5% | 26.6% | 8.6% | 4.4% | 6.8% | 2.1% | 2.7% | 6.5% |
| Stock comp / revenue | 18.2% | 73.2% | 51.5% | 23.6% | 7.6% | 7.5% | 11.3% | 12.6% | 4.0% | 2.6% |
| Payouts / FCF | β | β | β | β | β | β | β | 0.0% | 40.0% | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 3.0 | 2.0 | 2.0 | 6.0 | 4.0 | 2.0 | 3.0 | 5.0 | 3.0 |
| Altman Z'' | β299.9 | β48.7 | β46.1 | β42.5 | β6.9 | 10.0 | 3.8 | 2.8 | 4.5 | 6.4 |
| Accruals ratio | β71.3% | β103.8% | β23.0% | β20.5% | β121.8% | 2.4% | 9.0% | β22.1% | 1.7% | 14.4% |
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
Source: SEC EDGAR XBRL filings (CIK 0001354866). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
