Byrna Technologies Inc. BYRN
We are a less‑lethal self‑defense technology company specializing in innovative, next‑generation solutions for security situations that do not require the use of lethal force. Our mantra is Live Safe®, and our core mission is to empower people to safely embrace life. We seek to fulfill our mission by developing easy‑to‑use self‑defense tools that are designed to allow people to live more safely. We are also focused on providing law enforcement and private security customers with less‑lethal alternatives to firearms that are intended to reduce the use of lethal force and facilitate trust within the communities they serve.
Since 2023, the Company has modernized its product line, diversified its distribution channels, and implemented technology‑driven marketing tools that significantly expand reach and brand engagement. In 2024 and 2025, Byrna launched the Byrna CL™ (Compact Launcher), expanded its law‑enforcement‑grade Byrna LE™ and LE PRO™ product lines, deployed a proprietary AI‑assisted advertising platform, expanded retail distribution through Sportsman's Warehouse and other partners, and opened additional Byrna‑branded retail locations. The Company also established Byrna Technologies Canada, a wholly owned subsidiary supporting regulatory compliance, warehousing, marketing, and sales for the Canadian market.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States and Mexico
- Europe/South America/Asia
- Canada
- South Africa
| Region | FY2025 |
|---|---|
| United States and Mexico | $106.1M |
| Europe/South America/Asia | $8.1M |
| Canada | $2.5M |
| South Africa | $1.4M |
As the company reported it, from the “Note 19 - Segment and Geographical Disclosures - Schedule of Segment Reporting Information, by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $118.1M | $85.8M | $42.6M | $48.0M | $42.2M | $16.6M | $924.4K | $250.2K | $292.5K | $154.0K |
| Cost of revenue | $46.6M | $33.0M | $19.0M | $21.8M | $19.3M | $9.1M | $775.4K | $186.1K | $191.3K | $95.0K |
| Gross profit | $71.5M | $52.8M | $23.6M | $26.3M | $22.9M | $7.5M | $149.0K | $64.2K | $101.2K | $59.0K |
| R&D | $300.0K | $600.0K | $600.0K | $500.0K | $300.0K | $40.0K | $158.1K | $164.2K | — | — |
| SG&A | — | — | — | — | — | — | $3.4M | $2.1M | $1.9M | $1.7M |
| Total operating expenses | $59.6M | $46.1M | $31.4M | $34.0M | $26.2M | $11.8M | $3.4M | $2.1M | $2.0M | $1.8M |
| Operating income | $11.8M | $6.7M | -$7.8M | -$7.7M | -$3.3M | -$4.3M | -$3.3M | -$2.0M | -$1.9M | -$1.7M |
| Interest expense | — | — | — | — | — | $233.1K | $414.4K | $148.9K | — | — |
| Pre-tax income | $11.7M | $7.1M | -$8.0M | -$7.7M | -$3.4M | -$12.3M | -$4.4M | -$2.2M | -$2.8M | -$1.9M |
| Income tax | $2.1M | $5.7M | $165.0K | $234.0K | $160.0K | $293.0K | $0 | $0 | $0 | $0 |
| Net income | $9.7M | $12.8M | -$8.2M | -$7.9M | -$3.3M | -$12.6M | -$4.4M | -$2.2M | -$2.8M | -$1.9M |
| EPS, basic | 0.43 | 0.57 | -0.37 | -0.35 | -0.22 | — | — | — | — | — |
| EPS, diluted | 0.40 | 0.55 | -0.37 | — | -0.22 | -0.98 | 0.04 | -0.02 | -0.05 | -0.04 |
| Shares, diluted (wtd. avg.) | 24.1M | 23.1M | 21.9M | 22.4M | 19.6M | 126.8M | 103.5M | 94.4M | 57.7M | 54.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $13.7M | $16.8M | $20.5M | $20.1M | $56.4M | $9.7M | $1.2M | $1.2M | $2.0M | $192.8K |
| Short-term investments | $1.8M | $8.9M | $0 | — | — | — | — | — | — | — |
| Receivables | $10.8M | $2.6M | $2.9M | $5.9M | $1.7M | $800.0K | $438.3K | $18.9K | $36.4K | $32.5K |
| Inventory | $32.7M | $20.0M | $13.9M | $15.5M | $6.6M | $4.8M | $959.7K | $129.1K | $157.3K | $7.3K |
| Total current assets | $63.7M | $51.0M | $38.2M | $42.6M | $66.2M | $16.6M | $2.9M | $2.2M | $2.2M | $282.7K |
| Property, plant and equipment | $7.7M | $3.4M | $3.8M | $3.3M | $2.0M | $1.2M | $321.3K | $113.4K | $27.0K | $50.5K |
| Goodwill | $2.3M | $2.3M | $2.3M | $2.3M | $816.0K | $651.0K | — | — | — | — |
| Other intangibles | $3.1M | $3.3M | $3.6M | $3.9M | $3.7M | $811.0K | $99.0K | $106.3K | — | — |
| Total assets | $84.5M | $71.9M | $52.3M | $57.0M | $75.3M | $21.2M | $3.6M | $2.7M | $2.2M | $370.1K |
| Accounts payable | $15.9M | $13.1M | $13.1M | $7.7M | $7.0M | $6.6M | $639.9K | $380.5K | $393.3K | $245.9K |
| Total current liabilities | $17.1M | $15.4M | $8.6M | $8.9M | $8.2M | $11.8M | $3.7M | $2.3M | $973.6K | $1.4M |
| Long-term debt | — | — | — | — | — | — | $6.5M | — | — | — |
| Total liabilities | $18.7M | $17.6M | $10.0M | $11.1M | $9.2M | $12.8M | $5.6M | $2.5M | $1.9M | $1.4M |
| Retained earnings | -$47.1M | -$56.8M | -$69.6M | -$61.4M | -$53.5M | -$50.2M | -$37.7M | -$33.3M | -$31.1M | -$28.3M |
| Total equity | $65.8M | $54.4M | $42.3M | $46.0M | $66.1M | $8.4M | -$2.0M | $157.0K | -$326.6K | -$993.6K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.6M | $11.7M | $3.9M | -$13.8M | -$4.4M | $2.5M | -$3.8M | -$1.6M | -$1.5M | -$1.7M |
| Depreciation and amortisation | $2.1M | $1.5M | $1.3M | $855.0K | $487.0K | $242.0K | $46.8K | $19.4K | — | — |
| Stock-based compensation | $3.1M | $3.4M | $5.4M | $5.4M | $3.1M | $1.3M | $218.2K | $128.8K | $214.1K | $28.0K |
| Capital expenditure | $7.6M | $2.3M | $903.0K | $3.3M | $1.8M | $1.4M | $246.0K | $311.5K | $21.8K | $0 |
| Investing cash flow | -$459.0K | -$11.2M | -$3.0M | -$5.1M | -$5.9M | -$2.0M | -$246.0K | -$421.5K | -$21.8K | $0 |
| Financing cash flow | -$1.3M | -$4.6M | -$422.0K | -$17.0M | $57.3M | $7.8M | $4.0M | $1.2M | $3.2M | -$36.9K |
| Buybacks | $1.1M | $3.8M | $0 | $17.5M | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-029518.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $154.0K | $292.5K | $250.2K | $924.4K | $16.6M | $42.2M | $48.0M | $42.6M | $85.8M | $118.1M |
| Gross profit | $59.0K | $101.2K | $64.2K | $149.0K | $7.5M | $22.9M | $26.3M | $23.6M | $52.8M | $71.5M |
| Net income | -$1.9M | -$2.8M | -$2.2M | -$4.4M | -$12.6M | -$3.3M | -$7.9M | -$8.2M | $12.8M | $9.7M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Director nominations Dates and mechanics for shareholders proposing directors. Item 5.08
- Regulation FD disclosure Item 7.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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