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Side-by-side financial comparison of Byrna Technologies Inc. (BYRN) and CENTERSPACE (CSR). Click either name above to swap in a different company.

CENTERSPACE is the larger business by last-quarter revenue ($66.6M vs $35.2M, roughly 1.9× Byrna Technologies Inc.). Byrna Technologies Inc. runs the higher net margin — 9.5% vs -27.7%, a 37.2% gap on every dollar of revenue. On growth, Byrna Technologies Inc. posted the faster year-over-year revenue change (26.0% vs 0.3%). CENTERSPACE produced more free cash flow last quarter ($64.3M vs $8.1M). Over the past eight quarters, Byrna Technologies Inc.'s revenue compounded faster (45.5% CAGR vs 1.6%).

Byrna Technologies Inc. designs, manufactures and markets innovative less-lethal personal safety and self-defense products, including handheld kinetic launchers, specialized non-lethal projectiles and related accessories. Its core customer segments cover individual consumers, law enforcement agencies, private security firms and educational institutions, with primary markets across North America and expanding global distribution networks.

Centerspace is a real estate investment company specializing in the ownership, operation, and development of high-quality multifamily residential properties. Its core operating markets cover the U.S. Midwest and Mountain West regions, serving diverse renter segments with both affordable and premium housing options, while focusing on tenant experience and long-term asset value growth.

BYRN vs CSR — Head-to-Head

Bigger by revenue
CSR
CSR
1.9× larger
CSR
$66.6M
$35.2M
BYRN
Growing faster (revenue YoY)
BYRN
BYRN
+25.7% gap
BYRN
26.0%
0.3%
CSR
Higher net margin
BYRN
BYRN
37.2% more per $
BYRN
9.5%
-27.7%
CSR
More free cash flow
CSR
CSR
$56.2M more FCF
CSR
$64.3M
$8.1M
BYRN
Faster 2-yr revenue CAGR
BYRN
BYRN
Annualised
BYRN
45.5%
1.6%
CSR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BYRN
BYRN
CSR
CSR
Revenue
$35.2M
$66.6M
Net Profit
$3.4M
$-18.4M
Gross Margin
59.8%
96.5%
Operating Margin
11.2%
-15.9%
Net Margin
9.5%
-27.7%
Revenue YoY
26.0%
0.3%
Net Profit YoY
-65.2%
-262.9%
EPS (diluted)
$0.14
$-1.08

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.

Revenue
BYRN
BYRN
CSR
CSR
Q4 25
$35.2M
$66.6M
Q3 25
$28.2M
$71.4M
Q2 25
$28.5M
$68.5M
Q1 25
$26.2M
$67.1M
Q4 24
$28.0M
$66.4M
Q3 24
$20.9M
$65.0M
Q2 24
$20.3M
$65.0M
Q1 24
$16.7M
$64.5M
Net Profit
BYRN
BYRN
CSR
CSR
Q4 25
$3.4M
$-18.4M
Q3 25
$2.2M
$53.8M
Q2 25
$2.4M
$-14.5M
Q1 25
$1.7M
$-3.7M
Q4 24
$9.7M
$-5.1M
Q3 24
$1.0M
$-1.0M
Q2 24
$2.1M
$-1.3M
Q1 24
$17.0K
$-3.9M
Gross Margin
BYRN
BYRN
CSR
CSR
Q4 25
59.8%
96.5%
Q3 25
60.1%
96.5%
Q2 25
61.6%
96.5%
Q1 25
60.8%
96.4%
Q4 24
62.8%
96.5%
Q3 24
62.4%
96.6%
Q2 24
62.0%
96.6%
Q1 24
57.9%
96.4%
Operating Margin
BYRN
BYRN
CSR
CSR
Q4 25
11.2%
-15.9%
Q3 25
10.2%
Q2 25
11.7%
-9.9%
Q1 25
6.5%
7.1%
Q4 24
14.6%
4.3%
Q3 24
4.0%
9.8%
Q2 24
9.4%
11.1%
Q1 24
-1.0%
6.3%
Net Margin
BYRN
BYRN
CSR
CSR
Q4 25
9.5%
-27.7%
Q3 25
7.9%
75.3%
Q2 25
8.5%
-21.2%
Q1 25
6.3%
-5.6%
Q4 24
34.6%
-7.6%
Q3 24
4.9%
-1.6%
Q2 24
10.2%
-2.0%
Q1 24
0.1%
-6.1%
EPS (diluted)
BYRN
BYRN
CSR
CSR
Q4 25
$0.14
$-1.08
Q3 25
$0.09
$3.19
Q2 25
$0.10
$-0.87
Q1 25
$0.07
$-0.22
Q4 24
$0.42
$-0.31
Q3 24
$0.04
$-0.40
Q2 24
$0.09
$-0.19
Q1 24
$0.00
$-0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BYRN
BYRN
CSR
CSR
Cash + ST InvestmentsLiquidity on hand
$15.5M
$12.8M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$65.8M
$719.2M
Total Assets
$84.5M
$1.9B
Debt / EquityLower = less leverage
1.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BYRN
BYRN
CSR
CSR
Q4 25
$15.5M
$12.8M
Q3 25
$9.0M
$12.9M
Q2 25
$12.4M
Q1 25
$19.3M
$11.9M
Q4 24
$25.7M
$12.0M
Q3 24
$20.1M
$14.5M
Q2 24
$24.8M
$14.3M
Q1 24
$24.2M
$12.7M
Total Debt
BYRN
BYRN
CSR
CSR
Q4 25
$1.0B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$955.5M
Q4 24
$955.4M
Q3 24
$921.3M
Q2 24
$931.7M
Q1 24
$929.1M
Stockholders' Equity
BYRN
BYRN
CSR
CSR
Q4 25
$65.8M
$719.2M
Q3 25
$63.1M
$748.6M
Q2 25
$60.1M
$710.1M
Q1 25
$56.8M
$636.8M
Q4 24
$54.4M
$752.0M
Q3 24
$44.5M
$672.5M
Q2 24
$45.3M
$680.7M
Q1 24
$43.2M
$688.1M
Total Assets
BYRN
BYRN
CSR
CSR
Q4 25
$84.5M
$1.9B
Q3 25
$78.6M
$2.1B
Q2 25
$2.0B
Q1 25
$71.0M
$1.9B
Q4 24
$71.9M
$1.9B
Q3 24
$59.0M
$1.9B
Q2 24
$57.5M
$1.9B
Q1 24
$52.7M
$1.9B
Debt / Equity
BYRN
BYRN
CSR
CSR
Q4 25
1.42×
Q3 25
1.53×
Q2 25
1.57×
Q1 25
1.50×
Q4 24
1.27×
Q3 24
1.37×
Q2 24
1.37×
Q1 24
1.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BYRN
BYRN
CSR
CSR
Operating Cash FlowLast quarter
$9.9M
$98.5M
Free Cash FlowOCF − Capex
$8.1M
$64.3M
FCF MarginFCF / Revenue
23.1%
96.5%
Capex IntensityCapex / Revenue
5.1%
51.3%
Cash ConversionOCF / Net Profit
2.95×
TTM Free Cash FlowTrailing 4 quarters
$-9.2M
$125.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BYRN
BYRN
CSR
CSR
Q4 25
$9.9M
$98.5M
Q3 25
$-2.3M
$35.1M
Q2 25
$-5.5M
$25.3M
Q1 25
$-3.8M
$25.4M
Q4 24
$7.3M
$98.2M
Q3 24
$-1.4M
$32.3M
Q2 24
$1.9M
$22.9M
Q1 24
$3.9M
$24.4M
Free Cash Flow
BYRN
BYRN
CSR
CSR
Q4 25
$8.1M
$64.3M
Q3 25
$-4.5M
$25.7M
Q2 25
$-6.4M
$15.5M
Q1 25
$-6.4M
$20.4M
Q4 24
$6.3M
$41.6M
Q3 24
$-2.1M
$20.5M
Q2 24
$1.4M
$9.1M
Q1 24
$3.8M
$2.6M
FCF Margin
BYRN
BYRN
CSR
CSR
Q4 25
23.1%
96.5%
Q3 25
-16.0%
36.0%
Q2 25
-22.4%
22.7%
Q1 25
-24.5%
30.4%
Q4 24
22.5%
62.6%
Q3 24
-10.0%
31.5%
Q2 24
7.0%
14.0%
Q1 24
22.6%
4.0%
Capex Intensity
BYRN
BYRN
CSR
CSR
Q4 25
5.1%
51.3%
Q3 25
8.0%
13.1%
Q2 25
3.3%
14.2%
Q1 25
10.1%
7.5%
Q4 24
3.4%
85.3%
Q3 24
3.3%
18.2%
Q2 24
2.6%
21.2%
Q1 24
1.0%
33.8%
Cash Conversion
BYRN
BYRN
CSR
CSR
Q4 25
2.95×
Q3 25
-1.01×
0.65×
Q2 25
-2.25×
Q1 25
-2.27×
Q4 24
0.75×
Q3 24
-1.36×
Q2 24
0.93×
Q1 24
231.88×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BYRN
BYRN

E Commerce$23.0M65%
Wholesale Dealerdistributors$10.9M31%
Other$1.3M4%

CSR
CSR

Multi Family Residential$57.3M86%
Other$8.1M12%
Other Property Revenue$1.2M2%

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