undamentalytics Newsletter
Sign in

Byrna Technologies Inc. (BYRN) stock

Add to watchlist

Add holding +

NASDAQ: BYRN Nasdaq Leisure Products

C Fundamentals grade

Byrna Technologies Inc. is a US-listed company in the leisure products industry. Its financial year ends in November.

Stock price today

Loading chart…

Third-party market data · may be delayed

Model estimate per share

~$3.2

Revenue-to-maturity cash-flow model

Base case. Range ~$3.2–$3.9 across our lower- and higher-growth cases (0%–5% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Byrna Technologies Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders8 buying, 0 selling18 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds57 adding, 66 cuttingOf 20 active managers that changed their stake, 13 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Byrna Technologies files

Where Byrna Technologies stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $96m, down 13.4% on a year earlier, against growth of 5.2% a quarter earlier. That puts it 17 of 18 for growth among the leisure products companies we cover. Free-cash-flow margin rose to 3.6% from -10.0% a year earlier. Operating margin narrowed to -11.4% from 10.8%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $3.20 a share, against a share price of $4.76.

Source: 10-Q filed October 8, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Byrna Technologies Inc.'s trailing-twelve-month revenue fell 13.4% year on year, with a free-cash-flow margin of 3.6%. Where it stands out: days sales outstanding of 10 days ranks 1 of 27 leisure products companies we cover. Where it lags: revenue growth of -13.4% ranks 27 of 29 leisure products companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -13.4% (-18.6pp vs the prior quarter), the 7th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Revenue shrinking. Revenue fell 13.4% over the last 12 months.
  • Growth slowing. The growth rate is 18.6 points lower than a quarter earlier.
  • Loss-making. Operating margin is -11.4%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 22.2 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 83% and a beta of 1.2 against the S&P 500.
  • Gross margin slipping. Gross margin is down 6.7 points on a year ago.

Latest results: FY2026 Q3

Filed October 8, 2026
Earnings per share
-$0.08 against an average estimate of -$0.19: beat by 59.1%
Revenue
$15m, down 45.7% on a year earlier
Share reaction
+11.6% in the first session after the results on October 8, 2026, against +0.2% for the S&P 500
Next report
October 8, 2026; average EPS estimate -$0.13

Byrna Technologies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.2%
  • 1 week-13.8%
  • 1 month+18.4%
  • This year-75.5%
  • 1 year-79.7%
  • 5 years-75.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$96M
Operating margin
-11.4%
Net margin
-9.2%
EPS (TTM, diluted)
$-0.38

Growth

Revenue growth
−13.4%
Change in growth rate
−18.6 pts
Share count change
−0.8%

Cash

Free cash flow (TTM)
$3.4M
FCF margin
3.6%
Stock pay % of revenue
2.8%

Earnings

Last results
October 8, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Shareholder vote
  3. Leadership
  4. Announcement
  5. Leadership
  6. Deal
  7. Results
  8. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Byrna Technologies Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Byrna Technologies Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.09 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$3.2 ~$3.2–$3.9 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.1 ~$0.0–$0.3 Left out: out of range vs price (0.03x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$1.5 ~$2.8–$7.2 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$2.9 ~$1.5–$3.2 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Byrna Technologies Inc. with Leisure Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$2.50$2.00$1.40$1.60$1.40$14.10$14.72$8.66$5.85$19.33$18.25$4.12
Market value$13m$11m$8m$15m$14m$179m$289m$194m$128m$447m$441m$97m
+ Net debt (− = net cash)−$689271$924945−$1m−$36949$3m−$3m−$56m−$20m−$20m−$17m−$14m−$8m
Enterprise value$12m$12m$7m$15m$18m$176m$232m$174m$108m$430m$427m$88m
Multiples
Price / sales 83.4x71.0x27.6x60.4x15.7x10.8x6.8x4.0x3.0x5.2x3.7x1.0x
Price / earnings —————————35.0x45.5x—
Price / free cash flow —————160.8x——42.9x47.6x—28.2x
EV / EBITDA —————————52.7x30.6x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

18 /100

Weak moat

How hard Byrna Technologies's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -17.0% of total assets over 10 years.

  • Pricing power 10 / 20

    Gross margin has been a median 53.3%, moving by 13.2 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -20.8%; its worst year was -776.1%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 3 of 10 years, at a median -15.0% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 130.7% over five years; stock-based pay has been a median 11.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (23 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.66 −228% $80m −32%
Next −$0.30 +55% $83m +4%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −9.6% on 90 days ago. In the last 30 days, 0 analysts raised Byrna Technologies Inc.'s forecast and 1 cut it.

Consensus EPS forecast Byrna Technologies Inc., last 90 days
−$0.80 −$0.60 −$0.40 −$0.20 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.73 Current fiscal year, 60 days ago: −$0.73 Current fiscal year, 30 days ago: −$0.73 Current fiscal year, 7 days ago: −$0.73 Current fiscal year, Now: −$0.66 −$0.66 Next fiscal year, 90 days ago: −$0.22 Next fiscal year, 60 days ago: −$0.22 Next fiscal year, 30 days ago: −$0.22 Next fiscal year, 7 days ago: −$0.22 Next fiscal year, Now: −$0.30 −$0.30

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.73−$0.22
60 days ago −$0.73−$0.22
30 days ago −$0.73−$0.22
7 days ago −$0.73−$0.22
Now −$0.66−$0.30

Earnings against estimates

Quarter toEstimateActualSurprise
Aug 2026 −$0.19 −$0.08 +59.1%
May 2026 −$0.12 −$0.04 +62.5%
Feb 2026 $0.05 $0.07 +40.0%
Nov 2025 $0.11 $0.17 +56.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 8, 2026

No numeric guidance in Byrna Technologies Inc.'s latest earnings release (filed October 8, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

3 analysts, Oct 2026
Buy133%
Hold267%
Sell00%

Monthly trend

  1. Oct 2026123
  2. Sep 2026123

Counts of recommendations published by analysts covering Byrna Technologies Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.1%
of tradable shares
Days to cover
3.63
at average volume
Short interest, 1 month
+46%
to October 15, 2026
Held by institutions
48%
of shares
Held by insiders
23.4%
of shares
Employees
159
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −79.7%

$20.25 on October 31, 2025 to $4.12

ThenNowEffect
Revenue (last 12 months) $111m $96m −13.4%
P/S multiple 4.3x 1.0x −76.7%
Share count 24m 23m +0.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −15.4%

$4.87 on November 3, 2023 to $4.12

ThenNowEffect
Revenue (last 12 months) $43m $96m +123.1%
P/S multiple 2.4x 1.0x −58.8%
Share count 22m 23m −7.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BYRN−8%−41%−19%+351%−42%−76%
Industry peers (median)+17%−35%−4%−26%−4%+8%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BYRN42%42%42%58%33%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BYRN−56%−67%−78%−45%−56%−82%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 93% from August 26, 2021 to September 29, 2023. Getting back needed a 1235% gain, reached on December 26, 2024, 454 days after the low.

Price behaviour

52-week range
$3.18 – $19.96
From 52-week high
−79.4%
vs 50-day average
+3.3%
vs 200-day average
−39.8%
Volatility (1 year)
83%
Beta vs S&P 500
1.25

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±16.7%
After a week
4 up, 8 down
typical move ±19.0%
After a month
3 up, 8 down
typical move ±24.9%
Results releasedNext dayS&P 500 next day5 days21 days
October 8, 2026 +11.6% +0.2% +18.0% —
July 9, 2026 −34.8% +1.3% −42.8% −25.1%
April 9, 2026 −38.3% +0.5% −31.7% −42.1%
March 9, 2026 −13.7% +0.7% −19.8% −23.3%
February 5, 2026 +20.2% +0.6% +5.3% −11.6%
December 8, 2025 −3.4% −0.4% −11.2% −11.7%
October 9, 2025 +15.6% −3.0% −2.0% −19.1%
September 4, 2025 −3.4% +0.5% 0.0% +11.3%
July 10, 2025 −28.9% −0.1% −32.0% −34.5%
June 5, 2025 +18.4% +0.5% +19.3% +21.5%
April 10, 2025 +8.1% −2.7% +31.4% +40.3%
March 5, 2025 −3.9% −0.7% −14.4% −33.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Byrna Technologies Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Byrna Technologies Inc.
$40M $60M $80M $100M $120M $140M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $42.6M Revenue (TTM), FY24 Q1: $50.9M Revenue (TTM), FY24 Q2: $59.6M Revenue (TTM), FY24 Q3: $73.4M Revenue (TTM), FY24 Q4: $85.8M Revenue (TTM), FY25 Q1: $95.3M Revenue (TTM), FY25 Q2: $103.5M Revenue (TTM), FY25 Q3: $110.9M Revenue (TTM), FY25 Q4: $118.1M Revenue (TTM), FY26 Q1: $121M Revenue (TTM), FY26 Q2: $108.9M Revenue (TTM), FY26 Q3: $96M $96M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $42.6M
FY24 Q1 $50.9M
FY24 Q2 $59.6M
FY24 Q3 $73.4M
FY24 Q4 $85.8M
FY25 Q1 $95.3M
FY25 Q2 $103.5M
FY25 Q3 $110.9M
FY25 Q4 $118.1M
FY26 Q1 $121M
FY26 Q2 $108.9M
FY26 Q3 $96M
Revenue growth, TTM YoY Byrna Technologies Inc.
-50% 0% 50% 100% 150% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -11.2% Revenue growth, TTM YoY, FY24 Q1: 5.0% Revenue growth, TTM YoY, FY24 Q2: 23.3% Revenue growth, TTM YoY, FY24 Q3: 70.6% Revenue growth, TTM YoY, FY24 Q4: 101.1% Revenue growth, TTM YoY, FY25 Q1: 87.3% Revenue growth, TTM YoY, FY25 Q2: 73.6% Revenue growth, TTM YoY, FY25 Q3: 51.0% Revenue growth, TTM YoY, FY25 Q4: 37.7% Revenue growth, TTM YoY, FY26 Q1: 27.0% Revenue growth, TTM YoY, FY26 Q2: 5.2% Revenue growth, TTM YoY, FY26 Q3: -13.4% -13.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -11.2%
FY24 Q1 5.0%
FY24 Q2 23.3%
FY24 Q3 70.6%
FY24 Q4 101.1%
FY25 Q1 87.3%
FY25 Q2 73.6%
FY25 Q3 51.0%
FY25 Q4 37.7%
FY26 Q1 27.0%
FY26 Q2 5.2%
FY26 Q3 -13.4%
Operating margin (TTM) Byrna Technologies Inc.
-20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -18.7% Operating margin (TTM), FY24 Q1: -12.1% Operating margin (TTM), FY24 Q2: -5.4% Operating margin (TTM), FY24 Q3: 2.3% Operating margin (TTM), FY24 Q4: 7.8% Operating margin (TTM), FY25 Q1: 9.0% Operating margin (TTM), FY25 Q2: 9.6% Operating margin (TTM), FY25 Q3: 10.8% Operating margin (TTM), FY25 Q4: 10.0% Operating margin (TTM), FY26 Q1: 9.2% Operating margin (TTM), FY26 Q2: -4.7% Operating margin (TTM), FY26 Q3: -11.4% -11.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -18.7%
FY24 Q1 -12.1%
FY24 Q2 -5.4%
FY24 Q3 2.3%
FY24 Q4 7.8%
FY25 Q1 9.0%
FY25 Q2 9.6%
FY25 Q3 10.8%
FY25 Q4 10.0%
FY26 Q1 9.2%
FY26 Q2 -4.7%
FY26 Q3 -11.4%
FCF margin (TTM) Byrna Technologies Inc.
-10% 0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 7.0% FCF margin (TTM), FY24 Q1: 20.3% FCF margin (TTM), FY24 Q2: 17.9% FCF margin (TTM), FY24 Q3: 13.7% FCF margin (TTM), FY24 Q4: 11.0% FCF margin (TTM), FY25 Q1: -0.8% FCF margin (TTM), FY25 Q2: -8.3% FCF margin (TTM), FY25 Q3: -10.0% FCF margin (TTM), FY25 Q4: -7.8% FCF margin (TTM), FY26 Q1: -6.5% FCF margin (TTM), FY26 Q2: -0.5% FCF margin (TTM), FY26 Q3: 3.6% 3.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 7.0%
FY24 Q1 20.3%
FY24 Q2 17.9%
FY24 Q3 13.7%
FY24 Q4 11.0%
FY25 Q1 -0.8%
FY25 Q2 -8.3%
FY25 Q3 -10.0%
FY25 Q4 -7.8%
FY26 Q1 -6.5%
FY26 Q2 -0.5%
FY26 Q3 3.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Byrna Technologies took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $118M
  2. Cost of revenue $46.6M · 39.5%
  3. Gross profit $71.5M · 60.5%
  4. Other operating costs $59.3M · 50.2%
  5. Operating income $11.8M · 10.0%
  6. Income tax $2.1M · 1.7%
  7. Net income $9.7M · 8.2%

Shares of revenue. Source: Byrna Technologies's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Nov 2012 2013 Nov 2013 2014 Nov 2014 2015 Nov 2015 2016 Nov 2016 2017 Nov 2017 2018 Nov 2018 2019 Nov 2019 2020 Nov 2020 2021 Nov 2021 2022 Nov 2022 2023 Nov 2023 2024 Nov 2024 2025 Nov 2025 LTM Aug 2026
Income
Revenue 0 0 0 0 0 0 0 1 17 42 48 43 86 118 96
Gross profit 0 0 0 0 0 0 0 0 8 23 26 24 53 71 52
EBITDA −2 −2 −3 −2 −2 −2 −2 −3 −4 −3 −7 −7 8 14 −9
Operating income −2 −2 −3 −2 −2 −2 −2 −3 −4 −3 −8 −8 7 12 −11
Net income −2 −2 −3 −2 −2 −3 −2 −4 −13 −3 −8 −8 13 10 −9
Diluted EPS −$0.07 −$0.06 −$0.06 −$0.05 −$0.04 −$0.05 −$0.02 $0.04 −$9.80 −$0.22 — −$0.37 $0.55 $0.40 −$0.38
Growth (year on year)
Revenue — — +41.1% +255.5% +2.0% +89.9% −14.5% +269.4% +>999% +154.5% +13.9% −11.2% +101.1% +37.7% −13.4%
EBITDA — — — — — — — — — — — — — +71.0% −162.3%
Operating income — — — — — — — — — — — — — +77.5% −191.0%
Net income — — — — — — — — — — — — — −24.3% −155.2%
Diluted EPS — — — — — — — — — — — — — −27.3% −155.7%
Margins
Gross margin — 42.3% 35.7% 23.2% 38.3% 34.6% 25.6% 16.1% 45.3% 54.3% 54.7% 55.5% 61.5% 60.5% 54.6%
EBITDA margin — <−999% <−999% <−999% <−999% −640.5% −807.0% −350.7% −24.5% −6.7% −14.3% −15.3% 9.5% 11.8% −9.0%
Operating margin — <−999% <−999% <−999% <−999% −656.0% −814.7% −355.7% −26.0% −7.8% −16.1% −18.3% 7.8% 10.0% −11.4%
Net margin — <−999% <−999% <−999% <−999% −957.3% −860.6% −477.0% −75.8% −7.8% −16.4% −19.2% 14.9% 8.2% −9.2%
Free-cash-flow margin — <−999% <−999% <−999% <−999% −510.4% −762.4% −434.7% 6.7% −14.9% −35.6% 7.0% 11.0% −7.8% 3.6%
Cash flow
Cash from operations −1 −2 −2 −2 −2 −1 −2 −4 3 −4 −14 4 12 −2 6
Capital spending 0 0 0 0 0 0 0 0 1 2 3 1 2 8 3
Free cash flow −1 −2 −2 −2 −2 −1 −2 −4 1 −6 −17 3 9 −9 3
Stock-based pay 1 — 1 0 0 0 0 0 1 3 5 5 3 3 3
Free cash flow after stock pay −2 — −3 −2 −2 −2 −2 −4 −0 −9 −23 −2 6 −12 1
Balance sheet
Cash 0 2 1 2 0 2 1 1 3 56 20 20 17 14 8
Total debt 1 0 1 1 1 1 1 5 0 0 0 0 0 0 0
Net debt (negative = net cash) 1 −2 0 −1 1 −1 −0 3 −3 −56 −20 −20 −17 −14 −8
Diluted shares 3m 4m 5m 5m 5m 6m 9m 10m 13m 20m 22m 22m 23m 24m 23m
Returned to shareholders
Buybacks — — — — — — — — — 0 18 0 4 1 2
Total returned — — — — — — — — — 0 18 0 4 1 2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · August 31, 2026
What it owns · $65m
Short-term assets $46mLonger-term assets $19m
What it owes, and who funded it · $65m
Short-term liabilities $8mLonger-term liabilities $1mShareholders' equity $55m
  • Short-term assets cover short-term liabilities $46m of assets due within a year against $8m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $46m short-term assets against $1m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Byrna Technologies Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$2M
Returned to shareholders
58%
of free cash flow
Buybacks, last 3 fiscal years
$4.9M
Diluted share count
−0.8%
year over year
Total shareholder yield
2.1%
dividends 0.0% + buybacks 2.1% of market value
Days sales outstanding
10 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in leisure products
Last 12 months unless stated BYRN JAKK POWW KBSX AOUT ESCA Median
Revenue, last 12 months $96m $170m $54m $48m $198m $242m $349m
Revenue growth, last 12 months −13.4% −70.4% 9.7% 31.4% −5.8% 0.0% 7.6%
Revenue growth, 3-year average 30.7% −38.1% 13.6% — 1.2% −3.7% −2.5%
Revenue growth, latest quarter −45.7% 20.4% 22.1% — 25.4% −3.2% 10.9%
Gross margin 54.6% 31.6% 86.5% 43.0% 46.0% 28.5% 40.1%
Operating margin −11.4% 13.6% 5.6% −4.9% −2.2% 13.1% 1.0%
Operating margin, 3-year average 0.6% 6.9% −44.5% — −3.3% 9.5% 0.9%
Net margin −9.2% 15.4% 12.1% −3.1% −2.0% 10.0% −0.5%
Cash from operations / revenue 6.7% 29.8% 22.5% −2.1% 10.6% 18.5% 8.7%
Free-cash-flow margin 3.6% 21.0% 17.5% −3.3% 9.7% 17.0% 6.1%
Free-cash-flow margin, 3-year average 2.4% 5.8% 0.4% — 5.1% 14.9% 5.3%
Stock pay / revenue 2.8% 7.0% 1.9% — 1.6% 0.6% 1.3%
Change in share count −0.8% 51.2% 1.6% 17.8% −1.8% −0.7% 0.5%

Median of all 29 companies we cover in leisure products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 leisure products companies
Measure Company Peer median Rank
Revenue growth Growth -13.4% 7.6% 27 of 29
Change in growth rate Growth -18.6pp +3.1pp 26 of 29
Gross margin Profitability 54.6% 39.7% 6 of 27
Operating margin Profitability -11.4% 1.0% 22 of 29
Net margin Profitability -9.2% -0.5% 21 of 29
Free-cash-flow margin Cash generation 3.6% 6.1% 19 of 29
Stock pay as % of revenue Cash generation 2.8% 1.3% 22 of 27
Change in share count Balance sheet -0.8% 0.8% 9 of 24
Days sales outstanding Balance sheet 10 days 42 days 1 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to November 30, 2025
Products and services
Line of business Revenue Share YoY
Products $116M 98.6% ▲ 35.8%
Royalty $1.6M 1.4% —
Geography
Region Revenue Share YoY
United States and Mexico $106M 89.8% ▲ 34.5%
Europe South America Asia $8.1M 6.9% ▲ 95.2%
Canada $2.5M 2.1% ▲ 1.7%
ZA $1.4M 1.2% ▲ 589.4%

From Byrna Technologies Inc.'s 10-K filed February 5, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$75.7M
Institutions reporting
108
Shares held vs prior quarter
▼ 12.8%
Positions opened / closed
22 / 32

Top buyers and sellers, Q2 2026: 57 institutions bought and 66 sold ; the biggest buyer was Citadel Advisors LLC (+496K shares) and the biggest seller Blackrock, Inc (−967K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $22.8M 3.4M 30.2% ▲ 0.1%
Vanguard Capital Management LLC $5.1M 759K 6.7% ▼ 1.0%
Wealthspire Advisors, LLC $4.1M 605K 5.4% ▼ 22.7%
Citadel Advisors LLC $3.6M 530K 4.7% ▲ 1485.0%
Quinn Opportunity Partners LLC $3.2M 479K 4.2% ▲ 113.5%
Renaissance Technologies LLC $2.9M 430K 3.8% ▲ 12.4%
Blackrock, Inc. $2.7M 404K 3.6% ▼ 70.5%
Pinnacle Associates Ltd $2.5M 369K 3.3% ▼ 8.2%
Moneta Group Investment Advisors LLC $2.3M 337K 3.0% ▲ 1334.0%
Millennium Management LLC $2.2M 326K 2.9% ▼ 69.7%
UBS Group AG $2.1M 309K 2.7% ▼ 8.4%
Walleye Capital LLC $1.8M 266K 2.4% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Byrna Technologies Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $518,274 18 trades by 8 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $518,274 net buying
Insider Date Trade Shares Price Value
Roth Adam L. Director October 15, 2026 Buy 2,500 $4.75 $11,875
Roth Adam L. Director October 15, 2026 Buy 7,500 $4.78 $35,850
Roth Adam L. Director October 14, 2026 Buy 5,000 $4.53 $22,650
Elmore Leonard J Director August 6, 2026 Buy 10,000 $4.64 $46,400
Hughes Herbert Director July 28, 2026 Buy 1,499 $3.86 $5,786
Hughes Herbert Director July 27, 2026 Buy 2,501 $3.77 $9,429
Reed Chris Lavern Director July 24, 2026 Buy 8,150 $3.63 $29,584
Davis Conn Q. Chief Executive Officer July 23, 2026 Buy 3,340 $3.51 $11,723
Hughes Herbert Director July 23, 2026 Buy 12,500 $3.40 $42,500
Hughes Herbert Director July 23, 2026 Buy 3,703 $3.42 $12,664
Davis Conn Q. Chief Executive Officer July 23, 2026 Buy 3,430 $3.51 $12,039
Kearnes Laurilee Chief Financial Officer July 22, 2026 Buy 2,000 $3.42 $6,840

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

  • October 8, 2026
  • July 9, 2026
  • April 9, 2026
  • March 9, 2026
  • February 5, 2026
  • December 8, 2025

Recent SEC filings

Data status

When each part of this page on Byrna Technologies Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Byrna Technologies Inc. in brief

What does Byrna Technologies Inc. do?
Byrna Technologies Inc. is a US-listed company in the leisure products industry. Its financial year ends in November.
What is Byrna Technologies Inc.'s stock ticker?
Byrna Technologies Inc. trades under the ticker BYRN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Byrna Technologies Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Byrna Technologies Inc. reported revenue of $96M, 13.4% lower than a year earlier, according to its SEC filings.
What is Byrna Technologies Inc.'s free cash flow?
Byrna Technologies Inc.'s free-cash-flow margin is 3.6% of revenue over the trailing twelve months, ranking 19 of the 29 leisure products companies we cover.
Who are Byrna Technologies Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Vanguard Capital Management LLC and Wealthspire Advisors, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Byrna Technologies Inc. buying back stock, and does it pay a dividend?
Byrna Technologies Inc. spent $2M on share repurchases over the trailing twelve months, and its diluted share count fell 0.8% over the year.
What is Byrna Technologies Inc.'s market cap?
On November 2, 2026, Byrna Technologies Inc.'s market capitalisation was about $96.8M and net debt of -$8.4M. Market figures come from third-party market data and may be delayed.
Who are Byrna Technologies Inc.'s competitors?
In our Leisure Products peer group, the companies closest to Byrna Technologies Inc. are Jakks Pacific Inc, Outdoor Holding Co, FST Corp., American Outdoor Brands, Inc. and Escalade Inc. The side-by-side comparison below sets their revenue, margins and growth against Byrna Technologies Inc.'s.
Are insiders buying or selling Byrna Technologies Inc. stock?
Over the last 12 months, Byrna Technologies Inc.'s directors and officers reported 18 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.