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Side-by-side financial comparison of Beeline Holdings, Inc. (BLNE) and WRAP TECHNOLOGIES, INC. (WRAP). Click either name above to swap in a different company.
Beeline Holdings, Inc. is the larger business by last-quarter revenue ($1.9M vs $1.4M, roughly 1.3× WRAP TECHNOLOGIES, INC.). WRAP TECHNOLOGIES, INC. runs the higher net margin — -280.9% vs -445.0%, a 164.1% gap on every dollar of revenue. WRAP TECHNOLOGIES, INC. produced more free cash flow last quarter ($-2.7M vs $-21.5M). Over the past eight quarters, WRAP TECHNOLOGIES, INC.'s revenue compounded faster (-2.5% CAGR vs -33.0%).
Beeline or билайн is a mobile network operator brand operating in Russia under PJSC VimpelCom, and in Kazakhstan, Kyrgyzstan and Uzbekistan under VEON Ltd. Beeline is Russia's fourth-largest mobile network operator, and main competitors being MTS, MegaFon and T2.
Wrap Technologies, Inc. develops non-lethal safety solutions for law enforcement, corrections, and private security sectors across North America and global markets. Its core products include remote restraint devices and training services designed to reduce use-of-force injuries and improve public safety outcomes.
BLNE vs WRAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9M | $1.4M |
| Net Profit | $-8.4M | $-3.9M |
| Gross Margin | — | 52.3% |
| Operating Margin | -418.4% | -281.1% |
| Net Margin | -445.0% | -280.9% |
| Revenue YoY | — | 62.3% |
| Net Profit YoY | -16.1% | 48.1% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.9M | $1.4M | ||
| Q3 25 | $2.3M | $1.5M | ||
| Q2 25 | $1.7M | $1.0M | ||
| Q1 25 | $1.8M | $765.0K | ||
| Q4 24 | — | $865.0K | ||
| Q3 24 | $783.0K | $593.0K | ||
| Q2 24 | $3.1M | $1.6M | ||
| Q1 24 | $2.5M | $1.5M |
| Q4 25 | $-8.4M | $-3.9M | ||
| Q3 25 | $-3.9M | $-2.8M | ||
| Q2 25 | $-4.1M | $-3.7M | ||
| Q1 25 | $-6.8M | $109.0K | ||
| Q4 24 | — | $-7.6M | ||
| Q3 24 | $-1.4M | $2.0M | ||
| Q2 24 | $-1.5M | $-385.0K | ||
| Q1 24 | $-1.3M | $117.0K |
| Q4 25 | — | 52.3% | ||
| Q3 25 | — | 59.2% | ||
| Q2 25 | — | 48.1% | ||
| Q1 25 | — | 77.8% | ||
| Q4 24 | — | 47.4% | ||
| Q3 24 | 25.5% | 39.6% | ||
| Q2 24 | 5.0% | 62.6% | ||
| Q1 24 | 7.5% | 56.6% |
| Q4 25 | -418.4% | -281.1% | ||
| Q3 25 | -120.9% | -185.2% | ||
| Q2 25 | -229.0% | -282.2% | ||
| Q1 25 | -268.7% | -512.7% | ||
| Q4 24 | — | -535.5% | ||
| Q3 24 | -55.6% | -611.5% | ||
| Q2 24 | -11.4% | -201.5% | ||
| Q1 24 | -18.5% | -280.4% |
| Q4 25 | -445.0% | -280.9% | ||
| Q3 25 | -167.2% | -186.0% | ||
| Q2 25 | -237.3% | -368.3% | ||
| Q1 25 | -372.4% | 14.2% | ||
| Q4 24 | — | -878.3% | ||
| Q3 24 | -173.6% | 335.6% | ||
| Q2 24 | -48.6% | -24.5% | ||
| Q1 24 | -52.0% | 7.9% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.20 | $-0.06 | ||
| Q2 25 | $-0.64 | $-0.07 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-6.60 | $0.04 | ||
| Q2 24 | $-8.74 | $-0.02 | ||
| Q1 24 | $-0.78 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.1M | $3.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $53.6M | $11.5M |
| Total Assets | $70.2M | $15.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1M | $3.5M | ||
| Q3 25 | $1.3M | $6.0M | ||
| Q2 25 | $6.3M | $4.2M | ||
| Q1 25 | $1.5M | $6.2M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | $310.0K | $4.9M | ||
| Q2 24 | $420.0K | $4.6M | ||
| Q1 24 | $147.0K | $8.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $8.2M | — | ||
| Q2 24 | $8.1M | — | ||
| Q1 24 | $8.1M | — |
| Q4 25 | $53.6M | $11.5M | ||
| Q3 25 | $51.7M | $14.1M | ||
| Q2 25 | $54.6M | $11.8M | ||
| Q1 25 | $47.1M | $2.6M | ||
| Q4 24 | — | $250.0K | ||
| Q3 24 | $-2.5M | $6.4M | ||
| Q2 24 | $-1.9M | $3.8M | ||
| Q1 24 | $-476.0K | $4.5M |
| Q4 25 | $70.2M | $15.4M | ||
| Q3 25 | $63.2M | $18.2M | ||
| Q2 25 | $68.6M | $15.6M | ||
| Q1 25 | $63.8M | $18.0M | ||
| Q4 24 | — | $15.1M | ||
| Q3 24 | $16.2M | $18.8M | ||
| Q2 24 | $16.6M | $21.8M | ||
| Q1 24 | $17.0M | $24.8M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-21.4M | $-2.7M |
| Free Cash FlowOCF − Capex | $-21.5M | $-2.7M |
| FCF MarginFCF / Revenue | -1143.3% | -190.3% |
| Capex IntensityCapex / Revenue | 0.8% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-21.4M | $-2.7M | ||
| Q3 25 | $-5.8M | $-2.6M | ||
| Q2 25 | $-4.1M | $-1.9M | ||
| Q1 25 | $-1.5M | $-3.1M | ||
| Q4 24 | — | $-1.2M | ||
| Q3 24 | $-652.0K | $330.0K | ||
| Q2 24 | $-872.0K | $-3.5M | ||
| Q1 24 | $-82.0K | $-3.7M |
| Q4 25 | $-21.5M | $-2.7M | ||
| Q3 25 | — | $-2.7M | ||
| Q2 25 | — | $-1.9M | ||
| Q1 25 | — | $-3.1M | ||
| Q4 24 | — | $-1.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-3.5M | ||
| Q1 24 | — | $-3.7M |
| Q4 25 | -1143.3% | -190.3% | ||
| Q3 25 | — | -181.1% | ||
| Q2 25 | — | -192.3% | ||
| Q1 25 | — | -401.4% | ||
| Q4 24 | — | -139.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -224.2% | ||
| Q1 24 | — | -253.3% |
| Q4 25 | 0.8% | 0.5% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -28.16× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -31.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLNE
| Beeline Title Holdings | $1.4M | 73% |
| Other | $498.0K | 27% |
WRAP
Segment breakdown not available.
