📊 BYRN Key Takeaways
Is Byrna Technologies Inc. (BYRN) a Good Investment?
Byrna Technologies demonstrates strong revenue growth (+37.7% YoY) and exceptional profitability metrics with 60.5% gross margins and solid ROE of 14.7%, indicating operational efficiency in a niche security/defense sector. However, significant cash flow deterioration (negative FCF of -$9.2M despite profitable operations) and declining net income (-24.3% YoY) despite revenue growth raise concerns about earnings quality and working capital management, warranting a cautious stance until cash generation improves.
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.
Why Buy Byrna Technologies Inc. Stock? BYRN Key Strengths
- Strong revenue growth of 37.7% YoY demonstrates solid top-line momentum and market demand
- Excellent gross margins of 60.5% and healthy operating margin of 10.0% indicate pricing power and operational efficiency
- Conservative balance sheet with minimal debt (0.00x D/E), strong liquidity (3.73x current ratio), and adequate cash reserves of $13.7M provide financial stability
- Solid return metrics with ROE of 14.7% and ROA of 11.5% showing effective capital deployment
- 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
- Negative free cash flow of -$9.2M despite net profitability indicates working capital challenges or aggressive capex that may not be generating returns efficiently
- Net income declined 24.3% YoY while revenue grew 37.7%, suggesting deteriorating cost structure or one-time charges that call into question earnings quality
- Operating cash flow is negative at -$1.6M, a red flag for cash generation sustainability despite reported profitability
- Heavy capital expenditure of $7.6M with negative FCF suggests uncertain ROI on growth investments
- 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 trends - critical to confirm if negative OCF reverses and whether business can generate cash from operations
- Net income margin trajectory - monitor if profitability erosion continues or stabilizes relative to revenue growth
- Free cash flow path to positive - assess when and if capex investments translate to revenue synergies and cash generation
- Gross margin sustainability - ensure pricing power and cost structure remain intact as company scales
- Working capital efficiency - analyze days sales outstanding and inventory turnover to identify cash conversion bottlenecks
- 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 3.73x 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 |
|---|---|---|---|
| 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 |
| Q3 2023 | $7.1M | -$1.5M | N/A |
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 Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are BYRN's key strengths?
Claude: Strong revenue growth of 37.7% YoY demonstrates solid top-line momentum and market demand. Excellent gross margins of 60.5% and healthy operating margin of 10.0% indicate pricing power and operational efficiency. 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: Negative free cash flow of -$9.2M despite net profitability indicates working capital challenges or aggressive capex that may not be generating returns efficiently. Net income declined 24.3% YoY while revenue grew 37.7%, suggesting deteriorating cost structure or one-time charges that call into question earnings quality. 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 $118.1M.
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 $0.40.
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 rating reflects both perspectives for balanced insights.
Is BYRN a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Byrna Technologies Inc. has a HOLD rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is BYRN stock overvalued or undervalued?
Valuation metrics for BYRN: ROE of 14.7% (sector avg: 10%), net margin of 8.2% (sector avg: 12%). Higher ROE suggests strong returns relative to peers.
Should I buy BYRN stock in 2026?
Our dual AI analysis gives Byrna Technologies Inc. a combined HOLD rating 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 $-1.6M, with capital expenditures of $7.6M. FCF margin is -7.8%.
How does BYRN compare to other Utilities stocks?
Vs Utilities sector averages: Net margin 8.2% (avg: 12%), ROE 14.7% (avg: 10%), current ratio 3.73 (avg: 0.8).