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Side-by-side financial comparison of Ovid Therapeutics Inc. (OVID) and WRAP TECHNOLOGIES, INC. (WRAP). Click either name above to swap in a different company.

WRAP TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($1.4M vs $718.0K, roughly 2.0× Ovid Therapeutics Inc.). On growth, Ovid Therapeutics Inc. posted the faster year-over-year revenue change (844.7% vs 62.3%). Over the past eight quarters, Ovid Therapeutics Inc.'s revenue compounded faster (120.3% CAGR vs -2.5%).

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.

OVID vs WRAP — Head-to-Head

Bigger by revenue
WRAP
WRAP
2.0× larger
WRAP
$1.4M
$718.0K
OVID
Growing faster (revenue YoY)
OVID
OVID
+782.4% gap
OVID
844.7%
62.3%
WRAP
Faster 2-yr revenue CAGR
OVID
OVID
Annualised
OVID
120.3%
-2.5%
WRAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OVID
OVID
WRAP
WRAP
Revenue
$718.0K
$1.4M
Net Profit
$-3.9M
Gross Margin
52.3%
Operating Margin
-281.1%
Net Margin
-280.9%
Revenue YoY
844.7%
62.3%
Net Profit YoY
204.4%
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.

Revenue
OVID
OVID
WRAP
WRAP
Q4 25
$718.0K
$1.4M
Q3 25
$132.0K
$1.5M
Q2 25
$6.3M
$1.0M
Q1 25
$130.0K
$765.0K
Q4 24
$76.0K
$865.0K
Q3 24
$173.0K
$593.0K
Q2 24
$169.0K
$1.6M
Q1 24
$148.0K
$1.5M
Net Profit
OVID
OVID
WRAP
WRAP
Q4 25
$-3.9M
Q3 25
$-12.2M
$-2.8M
Q2 25
$-4.7M
$-3.7M
Q1 25
$-10.2M
$109.0K
Q4 24
$-7.6M
Q3 24
$-14.0M
$2.0M
Q2 24
$8.5M
$-385.0K
Q1 24
$-11.7M
$117.0K
Gross Margin
OVID
OVID
WRAP
WRAP
Q4 25
52.3%
Q3 25
59.2%
Q2 25
48.1%
Q1 25
77.8%
Q4 24
47.4%
Q3 24
39.6%
Q2 24
62.6%
Q1 24
56.6%
Operating Margin
OVID
OVID
WRAP
WRAP
Q4 25
-281.1%
Q3 25
-9487.1%
-185.2%
Q2 25
-80.9%
-282.2%
Q1 25
-9653.8%
-512.7%
Q4 24
-535.5%
Q3 24
-7645.1%
-611.5%
Q2 24
-12140.2%
-201.5%
Q1 24
-11768.2%
-280.4%
Net Margin
OVID
OVID
WRAP
WRAP
Q4 25
-280.9%
Q3 25
-9210.6%
-186.0%
Q2 25
-74.7%
-368.3%
Q1 25
-7873.1%
14.2%
Q4 24
-878.3%
Q3 24
-8096.0%
335.6%
Q2 24
5042.0%
-24.5%
Q1 24
-7901.4%
7.9%
EPS (diluted)
OVID
OVID
WRAP
WRAP
Q4 25
Q3 25
$-0.06
Q2 25
$-0.07
Q1 25
Q4 24
Q3 24
$-0.20
$0.04
Q2 24
$0.12
$-0.02
Q1 24
$-0.17

Balance Sheet & Financial Strength

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

Metric
OVID
OVID
WRAP
WRAP
Cash + ST InvestmentsLiquidity on hand
$13.2M
$3.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$130.7M
$11.5M
Total Assets
$150.9M
$15.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OVID
OVID
WRAP
WRAP
Q4 25
$13.2M
$3.5M
Q3 25
$20.6M
$6.0M
Q2 25
$28.4M
$4.2M
Q1 25
$21.1M
$6.2M
Q4 24
$26.3M
$3.6M
Q3 24
$15.0M
$4.9M
Q2 24
$29.7M
$4.6M
Q1 24
$30.8M
$8.2M
Stockholders' Equity
OVID
OVID
WRAP
WRAP
Q4 25
$130.7M
$11.5M
Q3 25
$44.7M
$14.1M
Q2 25
$55.8M
$11.8M
Q1 25
$59.3M
$2.6M
Q4 24
$68.2M
$250.0K
Q3 24
$76.3M
$6.4M
Q2 24
$88.9M
$3.8M
Q1 24
$78.3M
$4.5M
Total Assets
OVID
OVID
WRAP
WRAP
Q4 25
$150.9M
$15.4M
Q3 25
$63.8M
$18.2M
Q2 25
$77.4M
$15.6M
Q1 25
$81.7M
$18.0M
Q4 24
$92.2M
$15.1M
Q3 24
$102.7M
$18.8M
Q2 24
$118.1M
$21.8M
Q1 24
$131.6M
$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
OVID
OVID
WRAP
WRAP
Operating Cash FlowLast quarter
$-38.3M
$-2.7M
Free Cash FlowOCF − Capex
$-2.7M
FCF MarginFCF / Revenue
-190.3%
Capex IntensityCapex / Revenue
0.0%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-10.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OVID
OVID
WRAP
WRAP
Q4 25
$-38.3M
$-2.7M
Q3 25
$-12.9M
$-2.6M
Q2 25
$-4.8M
$-1.9M
Q1 25
$-10.3M
$-3.1M
Q4 24
$-56.0M
$-1.2M
Q3 24
$-15.0M
$330.0K
Q2 24
$-14.3M
$-3.5M
Q1 24
$-16.7M
$-3.7M
Free Cash Flow
OVID
OVID
WRAP
WRAP
Q4 25
$-2.7M
Q3 25
$-2.7M
Q2 25
$-1.9M
Q1 25
$-3.1M
Q4 24
$-56.0M
$-1.2M
Q3 24
$-15.0M
Q2 24
$-14.3M
$-3.5M
Q1 24
$-16.7M
$-3.7M
FCF Margin
OVID
OVID
WRAP
WRAP
Q4 25
-190.3%
Q3 25
-181.1%
Q2 25
-192.3%
Q1 25
-401.4%
Q4 24
-73719.7%
-139.5%
Q3 24
-8676.9%
Q2 24
-8455.0%
-224.2%
Q1 24
-11287.2%
-253.3%
Capex Intensity
OVID
OVID
WRAP
WRAP
Q4 25
0.0%
0.5%
Q3 25
0.0%
5.7%
Q2 25
0.0%
0.6%
Q1 25
0.0%
0.3%
Q4 24
93.4%
0.1%
Q3 24
2.3%
0.0%
Q2 24
20.1%
0.1%
Q1 24
12.8%
0.9%
Cash Conversion
OVID
OVID
WRAP
WRAP
Q4 25
Q3 25
Q2 25
Q1 25
-28.16×
Q4 24
Q3 24
0.17×
Q2 24
-1.67×
Q1 24
-31.83×

Financial Flow Comparison

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

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