Byrna Technologies Inc
byrna.comWhat Do They Do?
Designs and sells less-lethal personal-security launchers, projectiles and sprays for consumers, law-enforcement agencies and private security professionals.
10-K for FY2025, filed Feb 5, 2026We are a less‑lethal self‑defense technology company specializing in innovative, next‑generation solutions for security situations that do…View ↗
handheld personal security devices and shoulder-fired launchers designed for use by consumers and professional security customers without…View ↗
a line of projectiles that are fired by Byrna devices, including chemical irritant, kinetic and inert rounds;View ↗
a line of self-defense aerosol products, including Byrna Bad Guy Repellent™; and accessories and related safety products, including the…View ↗
Our products are sold in both the consumer and security professional markets. In the consumer market, our solutions are designed to provide…View ↗
How Do They Make Money?
Consumers buy through e-commerce, while dealers, distributors, retailers and security customers buy products and accessories; established wholesale customers generally pay within 30–60 days, and new wholesale or large end-user buyers typically pay upfront. Byrna also earns royalties based on licensed products manufactured.
10-K for FY2025, filed Feb 5, 2026The Company generates revenue through e‑commerce portals to consumers, as well as through the wholesale distribution of its products and…View ↗
The Company recognizes royalty revenue associated with the LATAM Licensing Agreement. Under the Company’s exclusive LATAM Licensing…View ↗
Royalty revenue is recognized in accordance with ASC 606. Sales‑based royalties related to licenses of functional intellectual property are…View ↗
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10-K for FY2025, filed Feb 5, 2026
FY2025 revenue by product or service ↗
$118.1M
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10-K for FY2025, filed Feb 5, 2026
$118.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Sold outright
10-K for FY2025, filed Feb 5, 2026 |
99% |
Product, FY2025
$116.5M Sources
|
Sold outright |
|
Royalty
Licensed
|
1.4% |
Royalty, FY2025
$1.6M Sources
|
Licensed |
Who Are Their Customers?
Consumers buy through e-commerce, Amazon, dealers and sporting-goods retailers, directly or through distributors. Law-enforcement agencies and private security firms also buy Byrna products, while international sales are mainly handled by select local distribution partners.
10-K for FY2025, filed Feb 5, 2026We sell our products into the consumer market through the Byrna e‑commerce store, the Side Hustle dealer program, premier dealers, Amazon…View ↗
International sales are fulfilled primarily through select distribution partners with expertise in their respective markets. International…View ↗
The Company generates revenue through e‑commerce portals to consumers, as well as through the wholesale distribution of its products and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$9.2M.
10-K for FY2025, filed Feb 5, 2026
$11.8MView ↗
10-K for FY2025, filed Feb 5, 2026
$9.7MView ↗
10-K for FY2025, filed Feb 5, 2026
−$9.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Oct 8, 2026
−$2.9MView ↗
- ▼ Now a loss
- vs $2.2M in Q3 FY2025
10-Q for Q3 FY2026, filed Oct 8, 2026
Open tableView ↗
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Aug 10, 2026
Acquired substantially all assets of Hero Defense Systems
The acquired assets relate to Hero’s less-lethal defense products, accessories and related business.
Sources
8-K, filed Aug 10, 2026
On August 6, 2026 (the “Closing Date”), Byrna Technologies Inc. (the “Company”) completed its previously announced acquisition (the…View ↗
Growing. Revenue grew 2.8x in 4 years, from $42.2M in FY2021 to $118.1M in FY2025, about 29% a year.
New launcher offerings
The latest report adds the Compact Launcher for everyday-carry users and expanded LE and LE PRO offerings; the older report described the SD, SD XL and TCR launchers.
10-K for FY2022, filed Feb 9, 2023 10-K for FY2025, filed Feb 5, 2026
Broader retail channels
The latest report describes Byrna-branded retail stores and national retail partners alongside online sales; the older report described online sales and a network of outdoor and sporting-goods stores.
10-K for FY2022, filed Feb 9, 2023 10-K for FY2025, filed Feb 5, 2026We sell our products into the consumer market through our Byrna e-commerce store and a network of over 1,300 local, regional and national…View ↗
South American licensing
The South American arrangement changed from a joint venture in which Byrna held an ownership stake to an exclusive distribution, manufacturing and licensing agreement that pays royalties.
10-K for FY2022, filed Feb 9, 2023 10-K for FY2025, filed Feb 5, 2026On January 10, 2023, we created a new joint venture with Fusady S.A., an affiliate of Bersa S.A. (“Fusady”) located in Argentina, to expand…View ↗
Who Do They Compete With?
Competes with Axon Enterprise, United Tactical Systems, and Wrap Technologies
10-K for FY2022, filed Feb 9, 2023conductive energy devices, including Axon Enterprise, Inc., which sells the TASER device;View ↗
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