What is Byrna Technologies' operating income?

Byrna Technologies' total operating income in 2025 was $11.84 million, based on the following breakdown: Total Gross Profit: $71.47 million Total Operating Expenses: $59.63 million

Byrna Technologies (BYRN) Financials

$3.54 +0.17 (+5.04%)

Closing price 07/24/2026 04:00 PM Eastern

Extended Trading

$3.60 +0.06 (+1.61%)

As of 07/24/2026 07:34 PM Eastern

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Annual Income Statements for Byrna Technologies

This table shows Byrna Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-2.37	-1.92	-2.80	-2.15	-4.41	-13	-4.33	-8.49	-8.63	13	9.65
Consolidated Net Income / (Loss)	-2.37	-1.92	-2.80	-2.15	-4.41	-13	-3.28	-7.89	-8.19	13	9.69
Net Income / (Loss) Continuing Operations	-2.37	-1.92	-2.80	-2.15	-4.41	-13	-3.28	-7.89	-8.19	13	9.69
Total Pre-Tax Income	-2.37	-1.92	-2.80	-2.15	-4.41	-12	-3.44	-7.65	-8.03	7.08	12
Total Operating Income	-2.14	-1.69	-1.92	-2.04	-3.29	-4.31	-3.29	-7.73	-7.79	6.67	12
Total Gross Profit	0.04	0.06	0.10	0.06	0.15	7.51	23	26	24	53	71
Total Revenue	0.15	0.15	0.29	0.25	0.92	17	42	48	43	86	118
Operating Revenue	0.15	0.15	0.29	0.25	0.92	17	42	48	43	86	118
Total Cost of Revenue	0.12	0.10	0.19	0.19	0.78	9.06	19	22	19	33	47
Operating Cost of Revenue	0.12	0.10	0.19	0.19	0.78	9.06	19	22	19	33	47
Total Operating Expenses	2.17	1.75	2.02	2.10	3.44	12	26	34	31	46	60
Other Operating Expenses / (Income)	-0.18	-0.02	0.06	-0.05	3.44	12	26	34	31	46	60
Total Other Income / (Expense), net	-0.23	-0.23	-0.88	-0.11	-1.12	-7.95	-0.15	0.08	-0.24	0.41	-0.10
Interest & Investment Income	-	-	-	-	-	-0.23	-0.03	0.20	0.09	0.98	0.41
Other Income / (Expense), net	-0.23	-0.23	-0.88	0.03	-0.71	-0.94	-0.31	-0.12	-0.33	-0.57	-0.51
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.29	-0.16	0.23	0.17	-5.71	2.05
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	-	-	-	0.60	0.44	-0.34	-0.01
Basic Earnings per Share	($0.05)	($0.04)	($0.05)	($0.02)	$0.04	($0.98)	($0.22)	($0.35)	($0.37)	$0.57	$0.43
Weighted Average Basic Shares Outstanding	54.62M	48.10M	56M	103.09M	-	12.68M	19.61M	22.36M	21.92M	22.50M	22.67M
Diluted Earnings per Share	($0.05)	($0.04)	($0.05)	($0.02)	$0.04	($0.98)	-	-	($0.37)	$0.55	$0.40
Weighted Average Diluted Shares Outstanding	50.39M	54.70M	57.70M	94.45M	103.54M	12.68M	19.61M	22.36M	21.92M	23.14M	24.15M
Weighted Average Basic & Diluted Shares Outstanding	54.62M	48.10M	56M	103.09M	-	12.68M	19.61M	22.36M	22.00M	22.65M	22.67M

This table shows Byrna Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026	5/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-0.62	-0.10	2.22	1.41	9.67	1.59	2.52	2.27	3.27	1.16	-10
Consolidated Net Income / (Loss)	-0.83	0.02	2.08	1.03	9.67	1.66	2.43	2.24	3.36	0.80	-10
Net Income / (Loss) Continuing Operations	-0.83	0.02	2.08	1.03	9.67	1.66	2.43	2.24	3.36	0.80	-10
Total Pre-Tax Income	-0.50	0.02	2.08	0.95	4.04	1.80	3.33	2.86	3.75	0.80	-13
Total Operating Income	-0.70	-0.16	1.91	0.83	4.09	1.70	3.33	2.86	3.95	0.93	-13
Total Gross Profit	9.04	9.64	13	13	18	16	18	17	21	17	1.78
Total Revenue	16	17	20	21	28	26	29	28	35	29	16
Operating Revenue	16	17	20	21	28	26	29	28	35	29	16
Total Cost of Revenue	6.60	7.02	7.71	7.84	10	10	11	11	14	12	15
Operating Cost of Revenue	6.60	7.02	7.71	7.84	10	10	11	11	14	12	15
Total Operating Expenses	9.74	9.80	11	12	13	14	14	14	17	16	15
Other Operating Expenses / (Income)	9.74	9.80	11	12	13	14	14	14	17	16	15
Total Other Income / (Expense), net	0.20	0.18	0.17	0.12	-0.05	0.11	-0.00	0.00	-0.20	-0.13	0.10
Interest & Investment Income	0.19	0.24	0.39	0.22	0.14	0.19	0.12	0.10	0.01	0.09	0.04
Other Income / (Expense), net	0.01	-0.06	-0.22	-0.10	-0.19	-0.08	-0.12	-0.10	-0.21	-0.22	0.05
Income Tax Expense	0.33	0.00	0.00	-0.08	-5.63	0.14	0.90	0.63	0.39	-0.00	-2.66
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-0.21	0.12	-0.14	-0.38	0.07	0.07	-0.08	-0.03	0.03	-0.35	0.09
Basic Earnings per Share	($0.03)	$0.00	$0.09	$0.05	$0.43	$0.07	$0.11	$0.10	$0.15	$0.04	($0.44)
Weighted Average Basic Shares Outstanding	21.92M	22.04M	22.73M	22.76M	22.50M	22.59M	22.67M	22.69M	22.67M	22.67M	22.69M
Diluted Earnings per Share	($0.03)	$0.00	$0.09	$0.04	$0.42	$0.07	$0.10	$0.09	$0.14	$0.03	($0.44)
Weighted Average Diluted Shares Outstanding	21.92M	22.84M	23.73M	23.41M	23.14M	24.10M	23.95M	24.10M	24.15M	23.83M	22.69M
Weighted Average Basic & Diluted Shares Outstanding	22.00M	22.74M	22.78M	22.51M	22.65M	22.67M	22.70M	22.73M	22.67M	22.69M	22.69M

This table details how cash moves in and out of Byrna Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025
Net Change in Cash & Equivalents	0.77	-1.66	1.77	-0.78	-0.01	8.48	47	-36	0.43	-3.67	-3.10
Net Cash From Operating Activities	-1.74	-1.66	-1.47	-1.60	-3.77	2.54	-4.44	-14	3.89	12	-1.57
Net Cash From Continuing Operating Activities	-1.74	-1.66	-1.47	-1.60	-3.77	2.54	-4.44	-14	3.89	12	-1.57
Net Income / (Loss) Continuing Operations	-2.37	-1.92	-2.80	-2.15	-4.41	-13	-3.28	-7.89	-8.19	13	9.69
Consolidated Net Income / (Loss)	-2.37	-1.92	-2.80	-2.15	-4.41	-13	-3.28	-7.89	-8.19	13	9.69
Depreciation Expense	0.05	0.05	0.05	0.02	0.05	0.24	0.49	0.86	1.26	1.49	2.12
Amortization Expense	0.06	0.06	0.14	0.00	0.01	0.76	0.02	0.03	0.03	0.00	0.00
Non-Cash Adjustments To Reconcile Net Income	0.46	0.10	1.11	1.65	1.83	9.37	3.19	5.97	7.41	3.13	5.22
Changes in Operating Assets and Liabilities, net	0.06	0.05	0.03	-1.11	-1.25	4.72	-4.85	-13	3.39	-5.68	-19
Net Cash From Investing Activities	0.00	0.00	-0.02	-0.42	-0.25	-2.00	-5.88	-5.14	-2.98	-11	-0.46
Net Cash From Continuing Investing Activities	0.00	0.00	-0.02	-0.42	-0.25	-2.00	-5.88	-5.14	-2.98	-11	-0.46
Purchase of Property, Plant & Equipment	-	0.00	-0.02	-0.31	-0.25	-1.43	-1.84	-3.25	-0.90	-2.35	-7.62
Acquisitions	-	-	-	-0.11	0.00	-0.57	-4.04	-1.88	-0.52	-0.02	-0.01
Purchase of Investments	-	-	-	-	-	-	-	-	0.00	-8.86	-1.74
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	-	-	0.00	0.07
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	-	-	0.00	8.84
Net Cash From Financing Activities	2.52	-0.04	3.24	1.23	4.03	7.77	57	-17	-0.42	-4.55	-1.33
Net Cash From Continuing Financing Activities	2.52	-0.04	3.24	1.23	4.03	7.77	57	-17	-0.42	-4.55	-1.33
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	0.00	-3.75	-1.10
Other Financing Activities, net	0.02	-	-	-	0.00	7.22	1.38	-17	-0.42	-0.80	-0.23
Other Net Changes in Cash	-	-	-	-	-0.02	0.17	-0.19	-	-0.06	0.37	0.26
Cash Income Taxes Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.34	0.11	0.05	0.00	0.71

This table details how cash moves in and out of Byrna Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026	5/31/2026
Net Change in Cash & Equivalents	6.84	3.68	0.61	-4.71	-3.25	-9.16	-0.67	-0.51	7.23	-5.88	1.58
Net Cash From Operating Activities	7.52	3.94	1.93	-1.40	7.26	-3.78	-5.46	-2.27	9.93	-4.42	1.39
Net Cash From Continuing Operating Activities	7.52	3.94	1.93	-1.40	7.26	-3.78	-5.46	-2.27	9.93	-4.42	1.42
Net Income / (Loss) Continuing Operations	-0.83	0.02	2.08	1.03	9.67	1.66	2.43	2.24	3.36	0.80	-10
Consolidated Net Income / (Loss)	-0.83	0.02	2.08	1.03	9.67	1.66	2.43	2.24	3.36	0.80	-10
Depreciation Expense	0.34	0.34	0.34	0.44	0.38	0.44	0.56	0.62	0.50	0.64	0.73
Non-Cash Adjustments To Reconcile Net Income	0.77	0.97	0.68	1.36	-0.01	1.07	3.03	1.72	1.81	0.98	12
Changes in Operating Assets and Liabilities, net	7.21	2.61	-1.49	-3.89	-2.78	-6.95	-11	-6.84	4.26	-6.84	-0.72
Net Cash From Investing Activities	-0.56	-0.17	-0.52	-0.69	-9.85	-5.30	4.71	1.17	-1.04	-0.62	0.24
Net Cash From Continuing Investing Activities	-0.56	-0.17	-0.52	-0.69	-9.85	-5.30	4.71	1.17	-1.04	-0.62	0.24
Purchase of Property, Plant & Equipment	-0.56	-0.17	-0.52	-0.69	-0.97	-2.64	-0.94	-2.25	-1.79	-0.62	-0.51
Net Cash From Financing Activities	0.03	0.01	-0.94	-3.00	-0.63	0.03	0.07	0.01	-1.43	-0.96	-0.16
Net Cash From Continuing Financing Activities	0.03	0.01	-0.94	-3.00	-0.63	0.03	0.07	0.01	-1.43	-0.96	-0.16
Other Financing Activities, net	0.03	0.01	-0.68	-0.01	-0.12	0.03	0.12	0.01	-0.38	-0.01	-0.16
Other Net Changes in Cash	-0.15	-	0.14	0.37	-0.04	-0.11	0.02	-	-0.23	0.13	0.12

This table presents Byrna Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025
Total Assets	2.15	0.37	2.19	2.66	3.57	21	75	57	52	72	84
Total Current Assets	2.02	0.28	2.17	2.23	2.86	17	66	43	38	51	64
Cash & Equivalents	1.85	0.19	1.97	1.18	1.08	3.18	56	20	20	17	14
Short-Term Investments	-	-	-	-	-	-	-	-	0.00	8.90	1.75
Accounts Receivable	0.04	0.03	0.04	0.02	0.44	0.83	1.66	5.92	2.95	2.63	11
Inventories, net	0.04	0.01	0.16	0.13	0.96	4.82	6.61	15	14	20	33
Prepaid Expenses	0.03	0.05	0.01	0.90	0.38	1.39	1.49	1.20	0.87	2.62	4.68
Plant, Property, & Equipment, net	0.10	0.05	0.03	0.11	0.32	1.22	1.97	3.31	3.80	3.41	7.73
Total Noncurrent Assets	0.04	0.04	0.00	0.31	0.39	3.39	7.18	11	10	18	13
Goodwill	-	-	-	-	0.00	0.65	0.82	2.26	2.26	2.26	2.26
Intangible Assets	-	-	-	0.11	0.10	0.81	3.67	3.87	3.58	3.34	3.09
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	0.00	5.84	4.13
Other Noncurrent Operating Assets	-	-	-	0.21	0.29	1.93	2.70	4.97	4.47	6.12	3.59
Total Liabilities & Shareholders' Equity	2.15	0.37	2.19	2.66	3.57	21	75	57	52	72	84
Total Liabilities	1.34	1.36	1.87	2.50	5.55	13	9.22	11	10.00	18	19
Total Current Liabilities	0.17	1.36	0.97	2.33	3.68	12	8.18	8.92	8.65	15	17
Accounts Payable	0.17	0.25	0.39	0.38	0.64	6.63	7.00	7.71	6.16	13	16
Current Deferred Revenue	-	-	-	-	0.01	4.84	0.72	0.46	1.84	1.79	0.50
Other Current Liabilities	-	0.00	0.54	0.96	0.00	0.26	0.46	0.76	0.64	0.54	0.73
Total Noncurrent Liabilities	1.16	0.00	0.89	0.17	1.87	1.00	1.04	2.13	1.35	2.12	1.64
Noncurrent Deferred Revenue	-	-	-	-	-	0.06	0.41	0.34	0.09	0.02	0.03
Other Noncurrent Operating Liabilities	-	-	-	-	0.00	0.83	0.63	1.79	1.26	2.10	1.61
Commitments & Contingencies	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.81	-0.99	0.33	0.16	-1.98	8.41	66	46	42	54	66
Total Preferred & Common Equity	0.81	-0.99	0.33	0.16	-1.98	8.41	66	46	42	54	66
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	0.81	-0.99	0.33	0.16	-1.98	8.41	66	46	42	54	66
Common Stock	27	27	31	33	37	59	120	125	130	133	136
Retained Earnings	-26	-28	-31	-33	-38	-50	-53	-61	-70	-57	-47
Treasury Stock	-	-	-	-	-0.89	-	0.00	-18	-18	-21	-22
Accumulated Other Comprehensive Income / (Loss)	-0.05	-0.06	-0.03	-0.03	-0.04	0.03	-0.02	-0.62	-1.06	-0.65	-0.69

This table presents Byrna Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	2/28/2023	5/31/2023	8/31/2023	2/29/2024	5/31/2024	8/31/2024	2/28/2025	5/31/2025	8/31/2025	2/28/2026	5/31/2026
Total Assets	54	53	50	53	58	59	71	0.00	79	80	68
Total Current Assets	38	38	35	39	44	44	49	0.00	57	59	49
Cash & Equivalents	14	15	14	24	25	20	7.67	0.00	6.50	7.45	9.44
Short-Term Investments	-	-	-	-	-	-	12	0.00	2.50	1.76	1.00
Accounts Receivable	4.18	4.19	3.64	1.54	1.64	2.13	2.90	6.50	8.87	12	4.44
Inventories, net	18	17	17	12	16	20	23	32	34	33	30
Prepaid Expenses	1.60	1.22	0.96	1.13	1.78	1.98	3.44	0.00	5.40	5.08	4.01
Plant, Property, & Equipment, net	3.74	3.34	3.64	3.59	3.41	3.48	4.65	6.84	6.78	7.42	4.05
Total Noncurrent Assets	12	12	11	10	10	12	18	5.22	14	13	15
Goodwill	2.26	2.26	2.26	2.26	2.27	2.26	2.26	0.00	2.26	2.26	2.26
Intangible Assets	3.80	3.73	3.66	3.51	3.44	3.40	3.27	3.22	3.15	3.02	2.96
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	5.47	0.00	4.19	3.99	7.40
Other Noncurrent Operating Assets	5.79	5.69	5.09	4.41	4.71	5.88	6.58	2.00	4.81	3.86	2.43
Total Liabilities & Shareholders' Equity	54	53	50	53	58	59	71	0.00	79	80	68
Total Liabilities	9.41	8.97	7.37	9.57	12	14	14	0.00	15	13	11
Total Current Liabilities	7.58	7.31	5.86	8.37	11	13	12	0.00	14	12	10
Accounts Payable	5.79	6.15	4.56	5.13	9.21	11	11	14	13	11	9.03
Current Deferred Revenue	1.05	0.42	0.65	2.60	1.41	0.82	0.48	0.34	0.25	0.45	0.33
Other Current Liabilities	0.75	0.73	0.65	0.64	0.55	0.60	0.57	0.65	0.67	0.75	0.78
Total Noncurrent Liabilities	1.82	1.67	1.51	1.21	1.04	1.93	1.97	1.95	1.80	1.44	1.29
Noncurrent Deferred Revenue	0.27	0.20	0.14	0.07	0.05	0.03	0.01	0.02	0.04	0.02	0.02
Other Noncurrent Operating Liabilities	1.55	1.47	1.37	1.14	1.00	1.90	1.96	1.94	1.76	-	1.27
Commitments & Contingencies	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	45	44	42	43	45	45	57	-53	63	66	57
Total Preferred & Common Equity	45	44	42	43	45	45	57	60	63	66	57
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	45	44	42	43	45	45	57	-53	63	66	57
Common Stock	127	128	130	131	132	132	134	0.00	136	136	137
Retained Earnings	-64	-65	-69	-70	-67	-66	-55	-53	-50	-46	-56
Treasury Stock	-18	-	-18	-18	-18	-21	-21	0.00	-21	-23	-23
Accumulated Other Comprehensive Income / (Loss)	-1.21	-1.85	-1.26	-1.17	-1.03	-0.65	-0.72	0.00	-0.60	-0.33	-0.43

This table displays calculated financial ratios and metrics derived from Byrna Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	11/30/2015	11/30/2016	11/30/2017	11/30/2018	11/30/2019	11/30/2020	11/30/2021	11/30/2022	11/30/2023	11/30/2024	11/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	255.47%	1.99%	89.92%	-14.45%	269.43%	1,692.04%	154.50%	13.94%	-11.22%	101.10%	37.74%
EBITDA Growth	14.92%	19.75%	-44.22%	24.25%	-98.90%	-7.78%	27.28%	-125.61%	2.04%	211.28%	76.99%
EBIT Growth	12.91%	18.84%	-45.53%	28.41%	-99.31%	-31.28%	31.38%	-118.17%	-3.37%	175.18%	85.69%
NOPAT Growth	19.41%	20.91%	-13.41%	-6.24%	-61.31%	-31.03%	23.63%	-134.91%	-0.76%	320.91%	-18.92%
Net Income Growth	12.91%	18.84%	-45.53%	23.10%	-104.78%	-184.66%	73.85%	-140.18%	-3.89%	256.15%	-24.27%
EPS Growth	16.67%	20.00%	-25.00%	60.00%	300.00%	-2,550.00%	0.00%	0.00%	0.00%	248.65%	-27.27%
Operating Cash Flow Growth	10.37%	4.53%	11.39%	-8.50%	-136.34%	167.28%	-274.82%	-211.61%	128.15%	201.62%	-113.39%
Free Cash Flow Firm Growth	29.15%	28.29%	25.04%	-203.27%	-78.23%	94.56%	-5,833.96%	-66.90%	93.77%	488.07%	-326.96%
Invested Capital Growth	-56.81%	-220.04%	-568.95%	117.01%	1,427.05%	-152.57%	1,106.02%	167.33%	-15.83%	31.23%	75.57%
Revenue Q/Q Growth	53.93%	3.72%	4.05%	-17.33%	103.58%	174.39%	0.32%	11.24%	-0.88%	16.81%	6.56%
EBITDA Q/Q Growth	8.95%	16.77%	-43.15%	13.32%	-14.61%	6.17%	-201.37%	32.93%	-5.65%	153.23%	-0.30%
EBIT Q/Q Growth	8.56%	15.97%	-42.62%	15.62%	-14.87%	3.92%	-142.68%	29.55%	-6.80%	303.04%	-1.39%
NOPAT Q/Q Growth	9.42%	17.77%	3.52%	-38.80%	6.69%	-12.81%	-124.18%	26.57%	-5.33%	611.63%	-38.68%
Net Income Q/Q Growth	8.56%	15.97%	-42.62%	9.35%	-13.53%	0.62%	-91.09%	28.04%	-9.27%	458.60%	-39.44%
EPS Q/Q Growth	16.67%	20.00%	-25.00%	50.00%	200.00%	-50.77%	0.00%	0.00%	0.00%	0.00%	-41.18%
Operating Cash Flow Q/Q Growth	13.97%	0.51%	13.14%	-39.03%	-35.56%	-21.58%	19.36%	0.85%	183.34%	-2.17%	62.95%
Free Cash Flow Firm Q/Q Growth	14.09%	22.00%	23.25%	-59.88%	-14.83%	-115.66%	5.68%	-6.27%	87.70%	-9.80%	13.69%
Invested Capital Q/Q Growth	-72.90%	-168.36%	-161.58%	8.02%	60.70%	67.07%	-0.95%	13.80%	-23.62%	17.06%	-7.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.22%	38.31%	34.59%	25.64%	16.12%	45.32%	54.29%	54.70%	55.45%	61.54%	60.51%
EBITDA Margin	-1,496.75%	-1,177.71%	-894.32%	-791.89%	-426.35%	-25.64%	-7.33%	-14.51%	-16.01%	8.86%	11.38%
Operating Margin	-1,416.84%	-1,098.64%	-656.05%	-814.74%	-355.74%	-26.01%	-7.81%	-16.09%	-18.27%	7.78%	10.02%
EBIT Margin	-1,570.08%	-1,249.30%	-957.32%	-801.11%	-432.21%	-31.66%	-8.54%	-16.35%	-19.03%	7.12%	9.59%
Profit (Net Income) Margin	-1,570.08%	-1,249.30%	-957.32%	-860.61%	-477.03%	-75.78%	-7.79%	-16.41%	-19.21%	14.92%	8.20%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	102.39%	95.35%	103.06%	102.06%	180.58%	82.51%
Interest Burden Percent	100.00%	100.00%	100.00%	107.43%	110.37%	233.75%	95.67%	97.44%	98.89%	116.09%	103.62%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-80.58%	17.49%
Return on Invested Capital (ROIC)	-1,027.76%	0.00%	0.00%	0.00%	-235.63%	-693.56%	-52.75%	-30.38%	-22.84%	47.75%	24.75%
ROIC Less NNEP Spread (ROIC-NNEP)	-691.13%	0.00%	0.00%	0.00%	-347.13%	-350.22%	-49.77%	-23.91%	-9.34%	44.52%	25.14%
Return on Net Nonoperating Assets (RNNOA)	442.54%	0.00%	0.00%	0.00%	718.38%	302.81%	43.94%	16.31%	4.29%	-21.29%	-8.63%
Return on Equity (ROE)	-585.22%	2,133.27%	839.69%	-890.49%	482.75%	-390.75%	-8.81%	-14.07%	-18.55%	26.46%	16.13%
Cash Return on Invested Capital (CROIC)	-948.41%	0.00%	0.00%	-1,876.18%	-411.05%	0.00%	-133.69%	-121.49%	-5.65%	20.74%	-30.09%
Operating Return on Assets (OROA)	-127.97%	-152.81%	-218.56%	-82.67%	-128.40%	-42.33%	-7.46%	-11.86%	-14.84%	9.82%	14.49%
Return on Assets (ROA)	-127.97%	-152.81%	-218.56%	-88.81%	-141.71%	-101.31%	-6.80%	-11.91%	-14.98%	20.59%	12.39%
Return on Common Equity (ROCE)	-585.22%	2,133.27%	839.69%	-890.49%	482.75%	-390.75%	-8.81%	-14.07%	-18.55%	26.46%	16.13%
Return on Equity Simple (ROE_SIMPLE)	-291.55%	193.65%	-857.33%	-1,371.32%	222.27%	-149.28%	-4.97%	-17.14%	-19.36%	23.53%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.50	-1.18	-1.34	-1.43	-2.30	-3.02	-2.30	-5.41	-5.45	12	9.77
NOPAT Margin	-991.79%	-769.05%	-459.23%	-570.32%	-249.02%	-18.21%	-5.46%	-11.27%	-12.79%	14.05%	8.27%
Net Nonoperating Expense Percent (NNEP)	-336.63%	908.80%	-2,017.41%	-135.84%	111.50%	-343.34%	-2.98%	-6.47%	-13.50%	3.23%	-0.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-12.89%	22.16%	14.85%
Cost of Revenue to Revenue	76.78%	61.69%	65.41%	74.36%	83.88%	54.68%	45.71%	45.30%	44.55%	38.46%	39.49%
SG&A Expenses to Revenue	1,527.72%	1,118.92%	656.32%	849.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	1,440.06%	1,136.95%	690.64%	840.38%	371.86%	71.33%	62.10%	70.80%	73.72%	53.76%	50.48%
Earnings before Interest and Taxes (EBIT)	-2.37	-1.92	-2.80	-2.00	-4.00	-5.25	-3.60	-7.85	-8.12	6.10	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.26	-1.81	-2.62	-1.98	-3.94	-4.25	-3.09	-6.97	-6.83	7.60	13
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	13.55	0.00	41.18	94.77	0.00	6.27	5.26	4.19	3.04	8.00	6.31
Price to Tangible Book Value (P/TBV)	13.55	0.00	41.18	293.53	0.00	7.59	5.64	4.83	3.52	8.92	6.87
Price to Revenue (P/Rev)	72.99	84.08	45.98	59.48	15.89	3.18	8.24	4.01	3.01	5.07	3.51
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	32.97	42.98
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.03%	2.33%
Enterprise Value to Invested Capital (EV/IC)	117.54	0.00	0.00	123.62	9.95	0.00	30.03	6.65	4.95	14.30	7.94
Enterprise Value to Revenue (EV/Rev)	68.42	90.09	42.45	59.33	19.73	2.62	6.91	3.59	2.53	4.77	3.38
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	53.89	29.69
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	67.09	35.24
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	33.98	40.88
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	17.07	0.00	0.00	27.77	34.87	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	78.26	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.43	-1.13	2.86	7.29	-2.34	0.02	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	1.43	0.00	2.73	1.06	-0.95	0.01	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.64	-0.90	0.22	-2.21	-2.07	-0.86	-0.88	-0.68	-0.46	-0.48	-0.34
Leverage Ratio	4.57	-13.96	-3.84	10.03	-3.41	3.86	1.30	1.18	1.24	1.28	1.30
Compound Leverage Factor	4.57	-13.96	-3.84	10.77	-3.76	9.02	1.24	1.15	1.22	1.49	1.35
Debt to Total Capital	58.82%	900.13%	74.06%	87.94%	174.88%	2.22%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	900.13%	3.21%	75.12%	104.11%	0.88%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	58.82%	0.00%	70.86%	12.83%	70.77%	1.34%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	41.18%	-800.13%	25.94%	12.06%	-74.88%	97.78%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	-0.51	-0.62	-0.36	-0.58	-1.18	-0.05	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.31	-0.51	0.39	0.02	-0.90	2.21	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	-0.51	0.00	-0.34	-0.08	-0.48	-0.03	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.78	-0.94	-0.69	-0.80	-2.01	-0.06	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.46	-0.78	0.77	0.03	-1.54	3.11	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	-0.78	0.00	-0.66	-0.12	-0.81	-0.04	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-14.78	-121.60	-18.96	-16.39	-16.91	-0.61	22.96	10.04	6.84	15.83	15.01
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	11.63	0.21	2.22	0.96	0.78	1.41	8.09	4.78	4.42	3.30	3.73
Quick Ratio	10.91	0.17	2.06	0.51	0.41	0.34	7.09	2.91	2.71	1.84	1.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1.38	-0.99	-0.74	-2.25	-4.02	-0.22	-13	-22	-1.35	5.23	-12
Operating Cash Flow to CapEx	0.00%	0.00%	-6,734.26%	-512.36%	-1,533.61%	177.98%	-241.40%	-425.02%	431.01%	500.17%	-20.80%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-15.13	-9.69	-0.03	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	-10.72	-9.10	0.37	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-12.81	-9.70	0.16	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.08	0.12	0.23	0.10	0.30	1.34	0.87	0.73	0.78	1.38	1.51
Accounts Receivable Turnover	6.42	4.27	8.49	9.05	4.04	26.04	33.84	12.69	9.63	30.76	17.54
Inventory Turnover	1.41	3.68	2.32	1.30	1.42	3.14	3.37	1.97	1.29	1.95	1.77
Fixed Asset Turnover	1.25	2.09	7.55	3.57	4.25	21.50	26.42	18.19	11.99	23.78	21.22
Accounts Payable Turnover	0.69	0.45	0.60	0.48	1.52	2.49	2.83	2.96	2.74	3.42	3.22
Days Sales Outstanding (DSO)	56.89	85.57	43.02	40.35	90.25	14.02	10.79	28.77	37.92	11.86	20.81
Days Inventory Outstanding (DIO)	259.04	99.19	157.04	280.93	256.27	116.39	108.25	185.16	281.98	187.36	206.04
Days Payable Outstanding (DPO)	526.90	805.24	609.78	759.04	240.16	146.45	129.04	123.33	133.21	106.60	113.34
Cash Conversion Cycle (CCC)	-210.98	-620.48	-409.73	-437.76	106.37	-16.05	-10.00	90.60	186.69	92.62	113.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.09	-0.11	-0.71	0.12	1.83	-0.96	9.70	26	22	29	50
Invested Capital Turnover	1.04	-17.49	-0.72	-0.85	0.95	38.09	9.65	2.70	1.79	3.40	2.99
Increase / (Decrease) in Invested Capital	-0.12	-0.19	-0.60	0.83	1.71	-2.80	11	16	-4.11	6.82	22
Enterprise Value (EV)	10	14	12	15	18	43	291	173	108	409	399
Market Capitalization	11	13	13	15	15	53	348	193	129	435	415
Book Value per Share	$0.02	($0.02)	$0.01	$0.00	($0.02)	$0.06	$2.80	$2.07	$1.93	$2.42	$2.89
Tangible Book Value per Share	$0.02	($0.02)	$0.01	$0.00	($0.02)	$0.05	$2.61	$1.79	$1.66	$2.17	$2.66
Total Capital	1.97	0.12	1.26	1.30	2.65	8.60	66	46	42	54	66
Total Debt	1.16	1.12	0.93	1.15	4.63	0.19	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	1.16	0.00	0.89	0.17	1.87	0.12	0.00	0.00	0.00	0.00	0.00
Net Debt	-0.69	0.92	-1.03	-0.04	3.55	-9.37	-56	-20	-20	-26	-15
Capital Expenditures (CapEx)	0.00	0.00	0.02	0.31	0.25	1.43	1.84	3.25	0.90	2.35	7.56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.01	-0.16	-0.73	-0.31	0.86	-4.69	1.58	14	9.06	9.79	31
Debt-free Net Working Capital (DFNWC)	1.84	0.04	1.23	0.88	1.94	4.88	58	34	30	36	47
Net Working Capital (NWC)	1.84	-1.08	1.19	-0.10	-0.82	4.80	58	34	30	36	47
Net Nonoperating Expense (NNE)	0.87	0.74	1.46	0.73	2.11	9.54	0.98	2.47	2.74	-0.75	0.08
Net Nonoperating Obligations (NNO)	-0.73	0.89	-1.03	-0.04	3.82	-9.37	-56	-20	-20	-26	-15
Total Depreciation and Amortization (D&A)	0.11	0.11	0.18	0.02	0.05	1.00	0.51	0.88	1.29	1.50	2.12
Debt-free, Cash-free Net Working Capital to Revenue	-6.03%	-101.30%	-250.54%	-122.02%	92.86%	-28.29%	3.75%	28.42%	21.24%	11.41%	26.35%
Debt-free Net Working Capital to Revenue	1,219.77%	23.90%	421.26%	350.51%	209.90%	29.44%	137.53%	70.20%	69.31%	41.42%	39.45%
Net Working Capital to Revenue	1,219.77%	-701.86%	407.46%	-40.48%	-88.51%	28.98%	137.53%	70.20%	69.31%	41.42%	39.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.05)	($0.04)	($0.05)	($0.02)	($0.04)	($0.10)	($0.22)	($0.35)	($0.37)	$0.57	$0.43
Adjusted Weighted Average Basic Shares Outstanding	54.62M	48.10M	56M	103.09M	0.00	149.20M	23.82M	22.36M	21.92M	22.50M	22.67M
Adjusted Diluted Earnings per Share	($0.05)	($0.04)	($0.05)	($0.02)	($0.04)	($0.10)	($0.22)	$0.00	$0.00	$0.55	$0.40
Adjusted Weighted Average Diluted Shares Outstanding	50.39M	54.70M	57.70M	94.45M	103.54M	126.79M	23.82M	22.36M	22.00M	23.14M	24.15M
Adjusted Basic & Diluted Earnings per Share	($0.05)	($0.04)	($0.05)	($0.02)	($0.04)	($0.10)	($0.22)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.62M	48.10M	56M	103.09M	0.00	149.20M	19.61M	22.36M	22.00M	22.65M	22.67M
Normalized Net Operating Profit after Tax (NOPAT)	-1.50	-1.18	-1.34	-1.43	-2.30	-3.02	-2.30	-5.41	-5.45	4.67	9.77
Normalized NOPAT Margin	-991.79%	-769.05%	-459.23%	-570.32%	-249.02%	-18.21%	-5.46%	-11.27%	-12.79%	5.45%	8.27%
Pre Tax Income Margin	-1,570.08%	-1,249.30%	-957.32%	-860.61%	-477.03%	-74.01%	-8.17%	-15.93%	-18.82%	8.26%	9.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	-13.46	-9.64	-0.77	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	-9.59	-5.56	-0.44	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-15.56	-10.24	-0.98	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-11.68	-6.15	-0.66	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.34%	11.38%

This table displays calculated financial ratios and metrics derived from Byrna Technologies' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026	5/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	22,667,235.00	22,703,814.00	-	22,671,283.00	22,685,654.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	22,667,235.00	22,703,814.00	-	22,671,283.00	22,685,654.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.11	0.10	-	0.05	-0.45
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.36%	98.00%	76.13%	194.34%	78.89%	57.26%	40.63%	35.13%	25.97%	10.92%	-42.51%
EBITDA Growth	-793.48%	106.33%	645.96%	120.03%	1,441.07%	1,599.17%	85.43%	190.22%	-0.94%	-34.63%	-420.20%
EBIT Growth	-302.34%	89.90%	258.26%	117.46%	666.86%	831.22%	89.32%	279.95%	-4.10%	-56.13%	-498.63%
NOPAT Growth	-122.92%	88.25%	375.09%	131.16%	2,114.86%	1,053.80%	27.09%	149.39%	-63.84%	-40.38%	-470.40%
Net Income Growth	-518.66%	100.79%	286.11%	125.04%	1,266.83%	9,676.47%	16.85%	118.05%	-65.23%	-51.81%	-515.66%
EPS Growth	0.00%	100.00%	280.00%	121.05%	1,500.00%	0.00%	11.11%	125.00%	-66.67%	-57.14%	-540.00%
Operating Cash Flow Growth	821.69%	216.94%	91.58%	-10.27%	-3.46%	-195.81%	-382.36%	-62.46%	36.79%	-17.13%	125.47%
Free Cash Flow Firm Growth	125.65%	173.71%	205.38%	157.76%	-17.44%	-257.48%	-202.79%	-648.65%	-705.76%	-16.78%	-108.03%
Invested Capital Growth	-15.83%	-36.56%	-28.99%	-14.38%	31.23%	97.64%	63.37%	121.35%	75.57%	55.31%	38.81%
Revenue Q/Q Growth	120.75%	6.48%	21.71%	2.89%	34.17%	-6.39%	8.84%	-1.14%	25.08%	-17.58%	-43.59%
EBITDA Q/Q Growth	92.34%	134.87%	1,853.72%	-64.72%	412.95%	-51.94%	83.27%	-10.19%	25.24%	-68.29%	-997.69%
EBIT Q/Q Growth	83.50%	67.88%	866.97%	-57.05%	435.71%	-58.56%	98.58%	-13.80%	35.21%	-81.04%	-1,904.23%
NOPAT Q/Q Growth	83.09%	66.29%	1,264.78%	-53.08%	993.76%	-84.04%	55.20%	-7.94%	58.57%	-73.68%	-1,064.15%
Net Income Q/Q Growth	79.75%	102.05%	12,117.65%	-50.65%	843.71%	-82.82%	46.03%	-7.91%	50.47%	-76.18%	-1,359.43%
EPS Q/Q Growth	84.21%	0.00%	0.00%	-55.56%	950.00%	-83.33%	42.86%	-10.00%	55.56%	-78.57%	-1,566.67%
Operating Cash Flow Q/Q Growth	694.00%	-47.58%	-50.96%	-172.22%	620.06%	-152.02%	-44.51%	58.45%	537.87%	-144.55%	131.42%
Free Cash Flow Firm Q/Q Growth	141.77%	198.00%	-4.56%	-51.38%	-40.29%	-668.43%	37.70%	-159.49%	34.08%	-9.58%	-10.98%
Invested Capital Q/Q Growth	-23.62%	-12.96%	8.07%	19.18%	17.06%	31.09%	-10.67%	61.48%	-7.15%	15.96%	-20.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.83%	57.88%	61.97%	62.40%	62.76%	60.80%	61.62%	60.05%	59.75%	59.90%	10.88%
EBITDA Margin	-2.04%	0.73%	11.66%	4.00%	15.29%	7.85%	13.22%	12.01%	12.02%	4.63%	-73.63%
Operating Margin	-4.44%	-0.98%	9.44%	3.97%	14.63%	6.48%	11.67%	10.16%	11.22%	3.19%	-78.39%
EBIT Margin	-4.40%	-1.33%	8.36%	3.49%	13.94%	6.17%	11.26%	9.82%	10.61%	2.44%	-78.06%
Profit (Net Income) Margin	-5.30%	0.10%	10.25%	4.92%	34.57%	6.35%	8.51%	7.93%	9.54%	2.76%	-61.56%
Tax Burden Percent	166.47%	100.00%	99.86%	108.24%	239.43%	92.23%	72.99%	78.07%	89.66%	100.50%	79.12%
Interest Burden Percent	72.38%	-7.69%	122.71%	130.08%	103.59%	111.51%	103.61%	103.51%	100.29%	112.41%	99.67%
Effective Tax Rate	0.00%	0.00%	0.14%	-8.24%	-139.43%	7.77%	27.01%	21.94%	10.34%	-0.50%	0.00%
Return on Invested Capital (ROIC)	-5.56%	-2.05%	22.74%	11.90%	119.09%	20.14%	32.62%	22.37%	30.10%	8.11%	-149.20%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.87%	-2.98%	21.92%	11.14%	119.65%	19.69%	32.62%	22.37%	30.98%	9.06%	-152.09%
Return on Net Nonoperating Assets (RNNOA)	1.78%	1.32%	-9.85%	-4.33%	-57.21%	-8.56%	-271.33%	-6.04%	-10.63%	-2.02%	-2,691.43%
Return on Equity (ROE)	-3.78%	-0.73%	12.90%	7.57%	61.88%	11.58%	-238.71%	16.33%	19.47%	6.09%	-2,840.63%
Cash Return on Invested Capital (CROIC)	-5.65%	27.69%	25.26%	21.87%	20.74%	-16.48%	5.67%	-35.00%	-30.09%	-24.34%	-41.42%
Operating Return on Assets (OROA)	-3.43%	-1.26%	8.99%	4.72%	19.24%	9.50%	40.52%	15.82%	16.03%	3.91%	-248.41%
Return on Assets (ROA)	-4.13%	0.10%	11.02%	6.65%	47.73%	9.77%	30.65%	12.78%	14.41%	4.42%	-195.90%
Return on Common Equity (ROCE)	-3.78%	-0.73%	12.90%	7.57%	61.88%	11.58%	-238.71%	16.33%	19.47%	6.09%	-2,840.63%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-13.95%	-6.24%	5.14%	0.00%	25.41%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.49	-0.16	1.91	0.90	9.80	1.56	2.43	2.24	3.54	0.93	-8.99
NOPAT Margin	-3.11%	-0.98%	9.42%	4.30%	35.03%	5.97%	8.52%	7.93%	10.06%	3.21%	-54.87%
Net Nonoperating Expense Percent (NNEP)	-1.69%	0.93%	0.83%	0.76%	-0.56%	0.45%	0.00%	0.00%	-0.88%	-0.96%	2.89%
Return On Investment Capital (ROIC_SIMPLE)	-1.15%	-	-	-	18.03%	2.75%	-4.61%	3.54%	5.39%	1.37%	-15.78%
Cost of Revenue to Revenue	42.17%	42.12%	38.03%	37.60%	37.24%	39.20%	38.38%	39.95%	40.25%	40.10%	89.12%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	62.27%	58.86%	52.53%	58.43%	48.13%	54.33%	49.95%	49.89%	48.54%	56.71%	89.27%
Earnings before Interest and Taxes (EBIT)	-0.69	-0.22	1.70	0.73	3.90	1.62	3.21	2.77	3.74	0.71	-13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.32	0.12	2.36	0.83	4.28	2.06	3.77	3.38	4.24	1.34	-12
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.04	6.09	5.87	5.93	8.00	10.25	0.00	7.34	6.31	4.36	2.48
Price to Tangible Book Value (P/TBV)	3.52	7.03	6.71	6.79	8.92	11.36	0.00	8.02	6.87	4.73	2.73
Price to Revenue (P/Rev)	3.01	5.17	4.46	3.60	5.07	6.11	5.84	4.18	3.51	2.40	1.30
Price to Earnings (P/E)	0.00	0.00	0.00	90.87	32.97	39.14	39.79	28.86	42.98	31.45	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	1.10%	3.03%	2.56%	2.51%	3.46%	2.33%	3.18%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.95	12.58	11.74	9.97	14.30	15.01	18.02	8.39	7.94	4.83	2.82
Enterprise Value to Revenue (EV/Rev)	2.53	4.69	4.04	3.32	4.77	5.91	5.84	4.10	3.38	2.33	1.20
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	81.30	53.89	59.11	53.63	33.68	29.69	22.11	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	161.10	67.09	70.97	63.93	39.52	35.24	27.01	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	144.09	33.98	40.57	41.57	28.51	40.88	30.94	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	27.77	21.32	19.87	20.33	34.87	140.15	0.00	0.00	0.00	0.00	28.33
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	35.26	38.61	42.05	78.26	0.00	394.34	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00
Financial Leverage	-0.46	-0.44	-0.45	-0.39	-0.48	-0.43	-8.32	-0.27	-0.34	-0.22	17.70
Leverage Ratio	1.24	1.22	1.24	1.25	1.28	1.24	-7.79	1.28	1.30	1.22	15.97
Compound Leverage Factor	0.90	-0.09	1.52	1.63	1.33	1.38	-8.07	1.32	1.31	1.38	15.92
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.09%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.09%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	97.91%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.64	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.16	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.90	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.16	0.00
Altman Z-Score	7.31	16.29	13.23	11.30	15.73	25.55	0.00	19.32	14.71	14.41	7.94
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.42	4.66	3.91	3.51	3.30	3.99	0.00	4.21	3.73	4.96	4.86
Quick Ratio	2.71	3.07	2.37	1.77	1.84	1.81	0.00	1.31	1.54	1.73	1.47
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3.62	11	10	5.00	2.99	-17	-11	-27	-18	-20	-22
Operating Cash Flow to CapEx	1,340.46%	2,305.26%	370.31%	-202.61%	752.33%	-142.96%	-581.26%	-100.84%	553.88%	-712.40%	270.43%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.95	1.08	1.35	1.38	1.54	3.60	1.61	1.51	1.60	3.18
Accounts Receivable Turnover	9.63	17.81	20.47	25.45	30.76	42.96	25.45	20.16	17.54	16.73	19.91
Inventory Turnover	1.29	1.52	1.53	1.60	1.95	2.05	1.65	1.59	1.77	1.71	1.65
Fixed Asset Turnover	11.99	13.89	17.69	20.63	23.78	23.12	20.20	21.61	21.22	20.05	19.99
Accounts Payable Turnover	2.74	4.19	3.29	3.72	3.42	4.44	3.35	3.60	3.22	4.38	4.42
Days Sales Outstanding (DSO)	37.92	20.49	17.83	14.34	11.86	8.50	14.34	18.11	20.81	21.81	18.34
Days Inventory Outstanding (DIO)	281.98	240.61	238.30	228.32	187.36	177.84	220.97	229.40	206.04	213.84	221.46
Days Payable Outstanding (DPO)	133.21	87.20	111.03	98.14	106.60	82.16	109.06	101.38	113.34	83.43	82.64
Cash Conversion Cycle (CCC)	186.69	173.91	145.10	144.53	92.62	104.18	126.25	146.13	113.51	152.23	157.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	22	19	21	24	29	38	34	54	50	58	47
Invested Capital Turnover	1.79	2.08	2.41	2.77	3.40	3.37	3.83	2.82	2.99	2.52	2.72
Increase / (Decrease) in Invested Capital	-4.11	-11	-8.38	-4.11	6.82	19	13	30	22	21	13
Enterprise Value (EV)	108	239	241	244	409	563	604	454	399	282	131
Market Capitalization	129	263	266	264	435	583	604	463	415	290	142
Book Value per Share	$1.93	$1.96	$1.99	$1.96	$2.42	$2.51	($2.32)	$2.78	$2.89	$2.93	$2.51
Tangible Book Value per Share	$1.66	$1.70	$1.74	$1.71	$2.17	$2.27	($2.47)	$2.54	$2.66	$2.70	$2.28
Total Capital	42	43	45	45	54	57	-53	63	66	68	57
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.42	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.42	0.00
Net Debt	-20	-24	-25	-20	-26	-19	0.00	-9.00	-15	-8.19	-10
Capital Expenditures (CapEx)	0.56	0.17	0.52	0.69	0.97	2.64	0.94	2.25	1.79	0.62	0.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	9.06	6.43	7.75	11	9.79	17	0.00	35	31	38	29
Debt-free Net Working Capital (DFNWC)	30	31	33	31	36	37	0.00	44	47	47	39
Net Working Capital (NWC)	30	31	33	31	36	37	0.00	44	47	47	39
Net Nonoperating Expense (NNE)	0.34	-0.18	-0.17	-0.13	0.13	-0.10	0.00	0.00	0.18	0.13	1.10
Net Nonoperating Obligations (NNO)	-20	-24	-25	-20	-26	-19	86	-9.00	-15	-8.19	-10
Total Depreciation and Amortization (D&A)	0.37	0.34	0.67	0.11	0.38	0.44	0.56	0.62	0.50	0.64	0.73
Debt-free, Cash-free Net Working Capital to Revenue	21.24%	12.63%	12.99%	15.49%	11.41%	18.14%	0.00%	31.36%	26.35%	31.22%	26.41%
Debt-free Net Working Capital to Revenue	69.31%	60.14%	54.55%	42.83%	41.42%	38.38%	0.00%	39.47%	39.45%	39.16%	36.00%
Net Working Capital to Revenue	69.31%	60.14%	54.55%	42.83%	41.42%	38.38%	0.00%	39.47%	39.45%	39.16%	36.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	$0.00	$0.09	$0.05	$0.43	$0.07	$0.11	$0.10	$0.15	$0.04	($0.44)
Adjusted Weighted Average Basic Shares Outstanding	21.92M	22.04M	22.73M	22.76M	22.50M	22.59M	22.67M	22.69M	22.67M	22.67M	22.69M
Adjusted Diluted Earnings per Share	($0.03)	$0.00	$0.09	$0.04	$0.42	$0.07	$0.10	$0.09	$0.14	$0.03	($0.44)
Adjusted Weighted Average Diluted Shares Outstanding	21.92M	22.84M	23.73M	23.41M	23.14M	24.10M	23.95M	24.10M	24.15M	23.83M	22.69M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.00M	22.74M	22.78M	22.51M	22.65M	22.67M	22.70M	22.73M	22.67M	22.69M	22.69M
Normalized Net Operating Profit after Tax (NOPAT)	-0.49	-0.11	1.91	0.58	2.87	1.56	2.43	2.24	3.54	0.65	-8.99
Normalized NOPAT Margin	-3.11%	-0.69%	9.42%	2.78%	10.24%	5.97%	8.52%	7.93%	10.06%	2.24%	-54.87%
Pre Tax Income Margin	-3.18%	0.10%	10.26%	4.54%	14.44%	6.88%	11.66%	10.16%	10.64%	2.74%	-77.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	29.34%	0.00%	24.04%	3.51%	11.38%	23.28%	-54.22%

Financials Breakdown Chart

Key Financial Trends

Byrna Technologies delivered a much softer Q2 2026 than the same quarter a year earlier, with revenue falling sharply and the company swinging back to a sizable loss. At the same time, the balance sheet remains in reasonably good shape, supported by cash and investments, and the latest quarter still generated positive operating cash flow.

Liquidity remains solid: Byrna ended Q2 2026 with about $10.4 million in cash and short-term investments, plus $49.3 million in current assets overall.
Operating cash flow was positive: Q2 2026 operating cash flow came in at $1.4 million, a meaningful improvement from the negative operating cash flow posted in Q1 2026.
Inventory is still a major asset: Inventories were $30.4 million at quarter-end, indicating the company continues to support product availability and sales efforts.
Debt appears limited: Total liabilities were only $11.4 million, versus $56.98 million in equity, leaving the balance sheet relatively unlevered.
Revenue improved sequentially: Q2 2026 revenue rose to $16.4 million from $29.0 million in Q1 2026, but the quarter was still well below the prior-year level.
Gross margin compressed: Gross profit was $1.8 million on $16.4 million of revenue, which suggests cost of sales remains elevated.
Shares outstanding were stable: Weighted average basic shares were about 22.7 million, with no obvious major dilution in the quarter.
Profitability deteriorated sharply year over year: Byrna posted a $10.1 million net loss in Q2 2026, versus $3.4 million net income in Q4 2025 and $801,000 net income in Q1 2026.
Operating losses widened: Q2 2026 operating loss was $12.8 million, showing that overhead and other operating expenses are still overwhelming gross profit.
Revenue dropped from last year’s pace: Q2 2026 revenue of $16.4 million was below $20.3 million in Q2 2024 and $28.5 million in the restated prior-year quarter, indicating the business is not currently sustaining its earlier growth rate.

Looking at the last several years, Byrna’s pattern has been volatile: periods of strong sales and profitability have been followed by sharp swings in earnings and cash flow. The big positive is that the company has kept a meaningful cash cushion and minimal debt, which gives it flexibility. The big risk is that operating expenses remain high relative to revenue, and the latest quarter showed a return to losses despite still-positive cash generation.

For retail investors, the key question is whether Byrna can rebuild revenue momentum while keeping operating expenses under control. If it can, the current balance-sheet position provides room for improvement. If not, the company may continue to burn through profitability even with decent liquidity.

07/26/26 05:36 AM ETAI Generated. May Contain Errors.

Byrna Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Byrna Technologies' fiscal year ends in November. Their fiscal year 2025 ended on November 30, 2025.

Byrna Technologies' net income appears to be on a downward trend, with a most recent value of $9.69 million in 2025, falling from -$2.37 million in 2015. The previous period was $12.79 million in 2024. Find out what analysts predict for Byrna Technologies in the coming months.

Byrna Technologies' total operating income in 2025 was $11.84 million, based on the following breakdown:

Total Gross Profit: $71.47 million
Total Operating Expenses: $59.63 million

Over the last 10 years, Byrna Technologies' total revenue changed from $151.01 thousand in 2015 to $118.12 million in 2025, a change of 78,122.6%.

Byrna Technologies' total liabilities were at $18.73 million at the end of 2025, a 6.7% increase from 2024, and a 1,303.0% increase since 2015.

In the past 10 years, Byrna Technologies' cash and equivalents has ranged from $192.83 thousand in 2016 to $56.31 million in 2021, and is currently $13.73 million as of their latest financial filing in 2025.

Over the last 10 years, Byrna Technologies' book value per share changed from 0.02 in 2015 to 2.89 in 2025, a change of 16,625.4%.

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Financial statements for NASDAQ:BYRN last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Byrna Technologies (BYRN) Financials

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Byrna Technologies (BYRN) Financials

Annual Income Statements for Byrna Technologies

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Quarterly Cash Flow Statements for Byrna Technologies

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Quarterly Metrics And Ratios for Byrna Technologies

Financials Breakdown Chart

Key Financial Trends

Byrna Technologies Financials - Frequently Asked Questions

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How has Byrna Technologies' book value per share changed over the last 10 years?

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