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

Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $35.2M, roughly 1.3× Byrna Technologies Inc.). Primis Financial Corp. runs the higher net margin — 16.0% vs 9.5%, a 6.5% gap on every dollar of revenue. Over the past eight quarters, Byrna Technologies Inc.'s revenue compounded faster (45.5% CAGR vs 13.0%).

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.

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

BYRN vs FRST — Head-to-Head

Bigger by revenue
FRST
FRST
1.3× larger
FRST
$45.6M
$35.2M
BYRN
Higher net margin
FRST
FRST
6.5% more per $
FRST
16.0%
9.5%
BYRN
Faster 2-yr revenue CAGR
BYRN
BYRN
Annualised
BYRN
45.5%
13.0%
FRST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BYRN
BYRN
FRST
FRST
Revenue
$35.2M
$45.6M
Net Profit
$3.4M
$7.3M
Gross Margin
59.8%
Operating Margin
11.2%
Net Margin
9.5%
16.0%
Revenue YoY
26.0%
Net Profit YoY
-65.2%
200.0%
EPS (diluted)
$0.14
$0.30

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
FRST
FRST
Q1 26
$45.6M
Q4 25
$35.2M
$80.9M
Q3 25
$28.2M
$41.0M
Q2 25
$28.5M
$43.2M
Q1 25
$26.2M
$58.7M
Q4 24
$28.0M
$38.8M
Q3 24
$20.9M
$37.3M
Q2 24
$20.3M
$35.7M
Net Profit
BYRN
BYRN
FRST
FRST
Q1 26
$7.3M
Q4 25
$3.4M
$29.5M
Q3 25
$2.2M
$6.8M
Q2 25
$2.4M
$2.4M
Q1 25
$1.7M
$22.6M
Q4 24
$9.7M
$-26.2M
Q3 24
$1.0M
$1.2M
Q2 24
$2.1M
$3.4M
Gross Margin
BYRN
BYRN
FRST
FRST
Q1 26
Q4 25
59.8%
Q3 25
60.1%
Q2 25
61.6%
Q1 25
60.8%
Q4 24
62.8%
Q3 24
62.4%
Q2 24
62.0%
Operating Margin
BYRN
BYRN
FRST
FRST
Q1 26
Q4 25
11.2%
44.8%
Q3 25
10.2%
21.3%
Q2 25
11.7%
6.9%
Q1 25
6.5%
41.9%
Q4 24
14.6%
-123.0%
Q3 24
4.0%
-3.1%
Q2 24
9.4%
7.8%
Net Margin
BYRN
BYRN
FRST
FRST
Q1 26
16.0%
Q4 25
9.5%
36.5%
Q3 25
7.9%
16.7%
Q2 25
8.5%
5.6%
Q1 25
6.3%
38.6%
Q4 24
34.6%
-100.3%
Q3 24
4.9%
3.3%
Q2 24
10.2%
9.6%
EPS (diluted)
BYRN
BYRN
FRST
FRST
Q1 26
$0.30
Q4 25
$0.14
$1.19
Q3 25
$0.09
$0.28
Q2 25
$0.10
$0.10
Q1 25
$0.07
$0.92
Q4 24
$0.42
$-0.95
Q3 24
$0.04
$0.05
Q2 24
$0.09
$0.14

Balance Sheet & Financial Strength

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

Metric
BYRN
BYRN
FRST
FRST
Cash + ST InvestmentsLiquidity on hand
$15.5M
$159.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$65.8M
$427.2M
Total Assets
$84.5M
$4.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BYRN
BYRN
FRST
FRST
Q1 26
$159.9M
Q4 25
$15.5M
$143.6M
Q3 25
$9.0M
$63.9M
Q2 25
$94.1M
Q1 25
$19.3M
$57.0M
Q4 24
$25.7M
$64.5M
Q3 24
$20.1M
$77.3M
Q2 24
$24.8M
$66.6M
Stockholders' Equity
BYRN
BYRN
FRST
FRST
Q1 26
$427.2M
Q4 25
$65.8M
$422.9M
Q3 25
$63.1M
$382.2M
Q2 25
$60.1M
$376.4M
Q1 25
$56.8M
$375.6M
Q4 24
$54.4M
$351.8M
Q3 24
$44.5M
$381.0M
Q2 24
$45.3M
$376.0M
Total Assets
BYRN
BYRN
FRST
FRST
Q1 26
$4.3B
Q4 25
$84.5M
$4.0B
Q3 25
$78.6M
$4.0B
Q2 25
$3.9B
Q1 25
$71.0M
$3.7B
Q4 24
$71.9M
$3.7B
Q3 24
$59.0M
$4.0B
Q2 24
$57.5M
$4.0B

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
FRST
FRST
Operating Cash FlowLast quarter
$9.9M
Free Cash FlowOCF − Capex
$8.1M
FCF MarginFCF / Revenue
23.1%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
2.95×
TTM Free Cash FlowTrailing 4 quarters
$-9.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BYRN
BYRN
FRST
FRST
Q1 26
Q4 25
$9.9M
$10.8M
Q3 25
$-2.3M
$-11.4M
Q2 25
$-5.5M
$-41.0M
Q1 25
$-3.8M
$34.4M
Q4 24
$7.3M
$19.5M
Q3 24
$-1.4M
$6.1M
Q2 24
$1.9M
$52.3M
Free Cash Flow
BYRN
BYRN
FRST
FRST
Q1 26
Q4 25
$8.1M
$9.0M
Q3 25
$-4.5M
Q2 25
$-6.4M
Q1 25
$-6.4M
Q4 24
$6.3M
$18.3M
Q3 24
$-2.1M
Q2 24
$1.4M
FCF Margin
BYRN
BYRN
FRST
FRST
Q1 26
Q4 25
23.1%
11.2%
Q3 25
-16.0%
Q2 25
-22.4%
Q1 25
-24.5%
Q4 24
22.5%
47.3%
Q3 24
-10.0%
Q2 24
7.0%
Capex Intensity
BYRN
BYRN
FRST
FRST
Q1 26
Q4 25
5.1%
2.1%
Q3 25
8.0%
Q2 25
3.3%
Q1 25
10.1%
Q4 24
3.4%
3.1%
Q3 24
3.3%
0.0%
Q2 24
2.6%
0.0%
Cash Conversion
BYRN
BYRN
FRST
FRST
Q1 26
Q4 25
2.95×
0.36×
Q3 25
-1.01×
-1.67×
Q2 25
-2.25×
-16.82×
Q1 25
-2.27×
1.52×
Q4 24
0.75×
Q3 24
-1.36×
4.93×
Q2 24
0.93×
15.21×

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%

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

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