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Byrna Technologies
Byrna Technologies (BYRN) investor relations material
Byrna Technologies Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary5 Feb, 2026
Executive summary
Achieved record fiscal 2025 revenue of $118.1M, up 38% year-over-year, with Q4 revenue of $35.2M, a 26% increase from Q4 2024, driven by expanded retail presence and new product launches.
Surpassed 750,000 launchers sold since inception, with over 250,000 units sold in fiscal 2025.
Transitioned from a DTC-focused model to a diversified multi-platform approach, expanding retail presence to over 1,500 locations.
Expanded monthly production capacity by 33% to 20,000 units to meet growing demand and larger dealer reorders.
Added two new board members with significant marketing and public safety experience.
Financial highlights
Q4 gross profit was $21.1M (60% margin), up from $17.6M (63%) in Q4 2024; full-year gross profit was $71.5M (61% margin), up from $52.8M (62%).
Q4 net income was $3.4M, down from $9.7M in Q4 2024 due to a prior-year $5.6M tax benefit; full-year net income was $9.7M, down from $12.8M, but up $2.5M excluding the tax benefit.
Adjusted EBITDA for Q4 was $6M (vs. $5M prior year); full-year adjusted EBITDA was $16.8M (vs. $11.5M prior year), up 46%.
Cash and equivalents at year-end were $15.5M, down from $25.7M, with inventory rising to $32.7M from $20M.
Basic EPS for Q4 2025: $0.15; FY 2025: $0.43.
Outlook and guidance
Gross margin expected to rise to 63%-65% by end of 2026, driven by favorable product mix, manufacturing efficiencies, and recent price increases.
Margin improvement expected in 2026 as one-time startup costs for new products and the new ammunition facility are completed.
Operating expenses projected to grow slower than revenue, supporting EBITDA margin expansion.
Q1 2026 expected to be seasonally softer than Q4 but above Q1 2025; strong start to the year with high post-holiday dealer restocking.
No formal revenue guidance, but continued growth and margin expansion anticipated.
FY26 gross margin impact from price/factory move?
Detail the strategy for subscription-based products
How will new ad strategies broaden consumer reach?
Modular launcher's cost savings and market reach
New ad channels for Byrna Cam and film placement
Retail strategy shift: big box vs. company stores impact
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Next Byrna Technologies earnings date
Q1 202613 Apr, 2026
Byrna Technologies
Next Byrna Technologies earnings date
Q1 202613 Apr, 2026
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Frequently asked questions
Byrna Technologies Inc is a non-lethal defense technology company that designs and manufactures handheld personal security devices. Its product portfolio includes CO₂-powered launchers, chemical irritants, and training accessories. The company markets to law enforcement, private security, and consumer self-defense segments. Byrna Technologies Inc is headquartered in Andover, Massachusetts, and its shares are listed on the NASDAQ.
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