Byrna Technologies (BYRN) Company Report

Byrna Technologies Inc. reported record fiscal fourth quarter and full year 2025 results. For the full year ended November 30, 2025, net revenue increased 38% year-over-year to $118.1 million , and Adjusted EBITDA grew to $16.8 million.
In Q4 2025, net revenue was $35.2 million, a 26% year-over-year increase , and Adjusted EBITDA was $6.0 million.
The company significantly expanded its retail footprint from approximately 300 to 900 chain store locations by the end of 2025 , driving brick-and-mortar sales growth of over 100% year-over-year.
Byrna surpassed 750,000 launchers sold since inception, with over 250,000 units sold in fiscal 2025 , and expanded monthly production capacity by 33% to 20,000 units.
Subsequent to the quarter end, Byrna secured a $20.0 million credit facility to support potential acquisitions and working capital needs.

1 day ago

8-K

Byrna Technologies Reports Strong Q4 and Full Year 2025 Results, Announces Retail Expansion and New Products

BYRN

Earnings

Revenue Acceleration/Inflection

Product Launch

Byrna Technologies reported net revenue of $35.2 million for Q4 2025, a 26% increase year-over-year, and $118.1 million for the full year 2025, a 38% increase from 2024. Gross profit for Q4 2025 was $21.1 million (60% of net revenue) and $71.5 million (61% of net revenue) for the full year 2025.
The company significantly expanded its retail presence, with brick-and-mortar sales increasing over 100% to $31 million in fiscal year 2025, and chain store locations growing from approximately 200 to 900 by year-end 2025, with plans to reach 2,000 locations in 2026.
New product developments include the launch of the Byrna CL XL and plans for a new modular launcher with 40% lower production costs, expected in late 2026, as well as a Byrna Cam accessory in late Q2 or Q3 2026.
Byrna anticipates margin improvement in fiscal 2026 driven by the completion of startup costs, manufacturing efficiencies, a more favorable product mix, and a 4-5% price increase implemented on February 1, 2026. The company's cash balance grew to $15.5 million at the end of Q4 2025, and it secured a $20 million credit facility.

1 day ago

Transcript

Byrna Technologies Reports Strong Q4 and Full-Year 2025 Results, Outlines 2026 Growth Strategy

BYRN

Earnings

Product Launch

Guidance Update

Byrna Technologies Inc. reported net revenue of $35.2 million for Q4 2025, a 26% increase year-over-year, and $118.1 million for the full year 2025, up 38% from 2024. Q4 2025 net income was $3.4 million, a decrease primarily due to a $5.6 million income tax benefit in the prior year.
Key growth drivers included brick-and-mortar sales more than doubling in 2025, reaching $31 million, driven by an expansion from approximately 200 to 900 chain store locations by year-end. International sales also grew 66% year-over-year.
The company anticipates margin improvement in fiscal 2026 due to the completion of one-time startup costs, a 4-5% price increase implemented on February 1, 2026, and a favorable product mix. Byrna also secured a new $20 million credit facility.
New product developments include a modular launcher expected to cost 40% less to produce and a Byrna Cam planned for late Q2 or Q3 2026. CEO Bryan Ganz confirmed a process is underway to identify his successor, though he plans to remain involved.

1 day ago

Transcript

Byrna Technologies Inc. Announces Q4 and Full Year 2025 Financial Results

BYRN

Earnings

Product Launch

Guidance Update

Byrna Technologies Inc. reported Q4 2025 net revenue of $35.2 million, a 26% increase year-over-year, and full-year 2025 net revenue of $118.1 million, up 38% from 2024. Full-year Adjusted EBITDA grew to $16.8 million from $11.5 million in the prior year.
Brick-and-mortar sales more than doubled from $15.2 million in fiscal year 2024 to $31 million in fiscal year 2025, driven by an expansion to approximately 900 chain store locations by year-end 2025. The company expects margin improvement in fiscal 2026 due to the completion of one-time startup costs, a more favorable product mix, manufacturing efficiencies, and a 4%-5% price increase implemented February 1, 2026.
Byrna launched the Byrna CL XL at $579.99 and is developing a new modular launcher expected to cost 40% less to produce, with a price point version planned for late 2026. They also plan to introduce a Byrna Cam accessory in late Q2 or Q3 2026 and are exploring subscription-based products.
Cash, cash equivalents, and marketable securities stood at $15.5 million as of November 30, 2025. The company secured a $20 million credit facility with Texas Capital Bank, including $15 million earmarked for acquisitions. CEO Bryan Ganz announced a process to identify his successor as his contract is up later in 2026.

1 day ago

Transcript

Byrna Technologies Reports Record Fiscal Fourth Quarter and Full Year 2025 Results

BYRN

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Byrna Technologies reported record net revenue of $118.1 million for fiscal year 2025, a 38% increase from FY 2024, and $35.2 million for Q4 2025, marking a 26% year-over-year increase.
Adjusted EBITDA for FY 2025 increased to $16.8 million from $11.5 million in FY 2024, and for Q4 2025, it was $6.0 million compared to $5.0 million in Q4 2024.
The company secured a $20.0 million credit facility with Texas Capital Bank to support potential acquisitions and working capital needs, and spent $1.1 million on share repurchases in Q4 2025.
Byrna expanded its monthly production capacity to 20,000 units and expects margin improvement in fiscal 2026 due to the completion of one-time startup costs and a 4% to 5% price increase implemented on February 1, 2026.

1 day ago

Press Release

Byrna Technologies Announces Preliminary Fiscal Fourth Quarter and Full Year 2025 Results

BYRN

Earnings

Revenue Acceleration/Inflection

Share Buyback

Byrna Technologies Inc. announced preliminary fiscal fourth quarter 2025 revenues of $35.1 million, a 26% increase from fiscal Q4 2024, and full fiscal year 2025 revenues of $118.0 million, up 38% from fiscal year 2024.
As of November 30, 2025, the company held more than $15 million in cash and cash equivalents, an increase from $9.0 million at August 31, 2025, and repurchased over $1.0 million of common stock during the quarter.
The fourth quarter revenue growth was driven by strong dealer and chain store performance, with direct-to-consumer and international channels also contributing solid year-over-year growth.

Dec 8, 2025, 9:05 PM

8-K

Byrna Technologies Named to Forbes' America's Most Successful Small-Cap Companies List

BYRN

Revenue Acceleration/Inflection

Byrna Technologies Inc. (Nasdaq: BYRN) has been recognized as the #10 company on Forbes' America's Most Successful Small-Cap Companies List.
This recognition highlights Byrna's strong financial performance, including earnings growth, sales growth, return on equity, and total stock return.
The company recently reported 35% year-over-year revenue growth in its fiscal third quarter.

Nov 12, 2025, 1:00 PM

Press Release

Byrna Technologies Featured in Harvard-Stanford Study on Non-Lethal Personal Defense

BYRN

Revenue Acceleration/Inflection

New Projects/Investments

Byrna Technologies Inc. was included in an independent study titled "The Universal Pursuit of Safety and the Demand for (Lethal, Non-Lethal, or No) Guns", conducted by researchers from Harvard University, Stanford University, and Harvard Business School, and released on October 8, 2025.
The Byrna SD was the exclusive non-lethal firearm (NLFA) used in the study to evaluate how exposure to such products influences Americans' safety beliefs and preferences.
Exposure to Byrna's technology significantly increased respondents' willingness to pay for non-lethal devices, their openness to substituting them for lethal firearms, and their support for policies encouraging less-lethal options.
The study found that 43 percent of respondents would prefer to own a firearm capable of incapacitating rather than killing, highlighting a growing public interest in non-lethal solutions and a sizable market opportunity for products like Byrna.
Only 21% of firearm owners in the study had previously heard of Byrna, indicating strong potential for further education and awareness.

Oct 27, 2025, 12:00 PM

Press Release

BYRN Reports Strong Q3 2025 Revenue Growth and Provides Full-Year Outlook

BYRN

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Byrna Technologies Inc. reported net revenue of $28.2 million for Q3 2025, marking a 35% year-over-year increase, alongside net income of $2.2 million and Adjusted EBITDA of $3.7 million.
Revenue growth was fueled by strong chain store and dealer sales, new advertising initiatives, and expanding retail presence, with average daily web sessions on Byrna.com rising to over 50,000 in August and 58,000 in September. The company is now present in over 1,000 stores nationwide.
For fiscal year 2025, the company anticipates revenue growth between 35% and 40%. Additionally, Byrna is developing a connected safety platform with SOS alert capabilities and new value-oriented launchers, with initial product releases expected in 2026.

Oct 9, 2025, 1:00 PM

Transcript

Byrna Technologies Inc. Reports Fiscal Third Quarter 2025 Results

BYRN

Earnings

Guidance Update

Revenue Acceleration/Inflection

Byrna Technologies Inc. reported a 35% year-over-year increase in net revenue to $28.2 million for Q3 2025, up from $20.9 million in Q3 2024.
Net income for Q3 2025 rose to $2.2 million from $1.0 million in Q3 2024, with Adjusted EBITDA increasing to $3.7 million from $1.9 million in the same period.
The company anticipates full-year fiscal 2025 revenue growth between 35% and 40%.
Operational highlights include an expanded retail presence to over 1,000 stores nationwide and significant web traffic growth on Byrna.com, with daily sessions increasing from 33,000 to over 50,000 in August and averaging 58,000 in September, driven by new AI-supported advertising campaigns.