📊 BYRN Key Takeaways
Is Byrna Technologies Inc. (BYRN) a Good Investment?
Byrna demonstrates impressive top-line growth (37.7% YoY) with healthy gross margins (42.2%) and an exceptionally strong balance sheet, but is deeply unprofitable with a $11.9M operating loss, negative operating cash flow (-$3.0M), and deteriorating net losses (-24.3% YoY) despite revenue growth. The company is burning cash operationally with no clear path to profitability, making long-term sustainability questionable despite near-term balance sheet cushion.
Byrna Technologies shows strong top-line momentum, healthy gross margins, and an exceptionally clean balance sheet with ample liquidity and almost no long-term debt. However, the quality of that growth is mixed because net income and EPS declined despite strong revenue growth, and the business generated negative operating cash flow and free cash flow in the latest period.
Byrna Technologies Inc. Key Strengths (BYRN)
- Strong revenue growth of 37.7% YoY demonstrating market demand and product traction
- Healthy gross margins of 42.2% indicating strong product unit economics and pricing power
- Exceptional balance sheet with zero net debt (0.00x D/E), $57M stockholders equity, and only $217K long-term debt
- Outstanding liquidity with current ratio of 4.86x providing substantial operational flexibility
- Adequate cash position of $9.4M relative to liability obligations
- Revenue grew 37.7% YoY, indicating strong demand and business expansion
- Gross margin of 60.5% and positive operating margin of 10.0% show solid underlying profitability
- Balance sheet is very strong with a 3.73x current ratio, $13.73M cash, and negligible long-term debt
BYRN Stock Risks: Byrna Technologies Inc. Investment Risks
- Unprofitable operations with -$11.9M operating loss (-26.2% margin) indicating expenses exceed gross profit despite revenue scale
- Negative cash flow with -$3.0M operating cash flow and -$4.2M free cash flow showing unsustainable cash burn
- Deteriorating profitability trend with net losses worsening 24.3% YoY despite revenue growth, signaling operational challenges
- Unclear path to profitability; operating expenses at ~68% of revenue with no evidence of margin expansion or operating leverage
- Finite cash runway; continued cash burn at current rates will exhaust $9.4M cash position within 2-3 years without achieving cash flow positive status
- Net income fell 24.3% YoY and diluted EPS declined 27.3%, suggesting margin pressure below the gross profit line
- Operating cash flow was negative and free cash flow was -$9.20M, which weakens earnings quality
- Growth may be dependent on elevated working capital or investment needs, reducing near-term cash generation
Key Metrics to Watch
- Operating cash flow trend and timeline to breakeven—critical metric for long-term viability
- Operating margin progression and operating expense ratio as percentage of revenue—need evidence of operating leverage
- Path to GAAP profitability and achievable timeline for operating income breakeven
- Cash burn rate and remaining runway at current consumption levels
- Operating cash flow and free cash flow conversion
- Net margin and EPS trend versus revenue growth
Byrna Technologies Inc. (BYRN) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 4.86x current ratio provides a solid financial cushion.
BYRN Profit Margin, ROE & Profitability Analysis
BYRN vs Utilities Sector: How Byrna Technologies Inc. Compares
How Byrna Technologies Inc. compares to Utilities sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Byrna Technologies Inc. Stock Overvalued? BYRN Valuation Analysis 2026
Based on fundamental analysis, Byrna Technologies Inc. has mixed fundamental signals relative to the Utilities sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Byrna Technologies Inc. Balance Sheet: BYRN Debt, Cash & Liquidity
BYRN Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Byrna Technologies Inc.'s revenue has grown significantly by 180% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.55 reflects profitable operations.
BYRN Revenue Growth, EPS Growth & YoY Performance
BYRN Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $16.4M | $2.4M | $0.10 |
| Q1 2026 | $26.2M | $801.0K | $0.03 |
| Q3 2025 | $20.9M | $1.0M | $0.04 |
| Q2 2025 | $20.3M | $2.1M | $0.09 |
| Q1 2025 | $16.7M | $17.0K | $0.00 |
| Q3 2024 | $7.1M | $1.0M | $0.04 |
| Q2 2024 | $11.5M | -$1.1M | $-0.05 |
| Q1 2024 | $8.4M | $17.0K | $0.00 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Byrna Technologies Inc. Dividends, Buybacks & Capital Allocation
BYRN SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Byrna Technologies Inc. (CIK: 0001354866)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BYRN
What is the AI rating for BYRN?
Byrna Technologies Inc. (BYRN) has a Combined AI Grade of C from Claude (C) and ChatGPT (B) with 74% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are BYRN's key strengths?
Claude: Strong revenue growth of 37.7% YoY demonstrating market demand and product traction. Healthy gross margins of 42.2% indicating strong product unit economics and pricing power. ChatGPT: Revenue grew 37.7% YoY, indicating strong demand and business expansion. Gross margin of 60.5% and positive operating margin of 10.0% show solid underlying profitability.
What are the risks of investing in BYRN?
Claude: Unprofitable operations with -$11.9M operating loss (-26.2% margin) indicating expenses exceed gross profit despite revenue scale. Negative cash flow with -$3.0M operating cash flow and -$4.2M free cash flow showing unsustainable cash burn. ChatGPT: Net income fell 24.3% YoY and diluted EPS declined 27.3%, suggesting margin pressure below the gross profit line. Operating cash flow was negative and free cash flow was -$9.20M, which weakens earnings quality.
What is BYRN's revenue and growth?
Byrna Technologies Inc. reported revenue of $45.4M.
Does BYRN pay dividends?
Byrna Technologies Inc. does not currently pay dividends.
Where can I find BYRN SEC filings?
Official SEC filings for Byrna Technologies Inc. (CIK: 0001354866) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BYRN's EPS?
Byrna Technologies Inc. has a diluted EPS of $-0.41.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is BYRN's fundamental grade?
Based on our AI fundamental analysis in August 2026, Byrna Technologies Inc. has a C grade with 74% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is BYRN stock overvalued or undervalued?
Valuation metrics for BYRN: ROE of -16.3% (sector avg: 10%), net margin of -20.4% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is BYRN's AI grade for 2026?
Our dual AI analysis gives Byrna Technologies Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is BYRN's free cash flow?
Byrna Technologies Inc.'s operating cash flow is $-3.0M, with capital expenditures of $1.1M. FCF margin is -9.2%.
How does BYRN compare to other Utilities stocks?
Vs Utilities sector averages: Net margin -20.4% (avg: 12%), ROE -16.3% (avg: 10%), current ratio 4.86 (avg: 0.8).