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Side-by-side financial comparison of Arcadia Biosciences, Inc. (RKDA) 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 $901.0K, roughly 1.6× Arcadia Biosciences, Inc.). Arcadia Biosciences, Inc. runs the higher net margin — -148.3% vs -280.9%, a 132.6% gap on every dollar of revenue. On growth, WRAP TECHNOLOGIES, INC. posted the faster year-over-year revenue change (62.3% vs -25.8%). Over the past eight quarters, WRAP TECHNOLOGIES, INC.'s revenue compounded faster (-2.5% CAGR vs -4.5%).

Arcadia Biosciences is a publicly traded American agricultural biotechnology headquartered in Davis, California focused on the development of traits to enhance crop quality and productivity. The company is partly owned by Moral Compass Corporation.

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.

RKDA vs WRAP — Head-to-Head

Bigger by revenue
WRAP
WRAP
1.6× larger
WRAP
$1.4M
$901.0K
RKDA
Growing faster (revenue YoY)
WRAP
WRAP
+88.2% gap
WRAP
62.3%
-25.8%
RKDA
Higher net margin
RKDA
RKDA
132.6% more per $
RKDA
-148.3%
-280.9%
WRAP
Faster 2-yr revenue CAGR
WRAP
WRAP
Annualised
WRAP
-2.5%
-4.5%
RKDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RKDA
RKDA
WRAP
WRAP
Revenue
$901.0K
$1.4M
Net Profit
$-1.3M
$-3.9M
Gross Margin
21.4%
52.3%
Operating Margin
-152.8%
-281.1%
Net Margin
-148.3%
-280.9%
Revenue YoY
-25.8%
62.3%
Net Profit YoY
67.1%
48.1%
EPS (diluted)
$-0.97

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
RKDA
RKDA
WRAP
WRAP
Q4 25
$901.0K
$1.4M
Q3 25
$1.3M
$1.5M
Q2 25
$1.5M
$1.0M
Q1 25
$1.2M
$765.0K
Q4 24
$1.2M
$865.0K
Q3 24
$1.5M
$593.0K
Q2 24
$1.3M
$1.6M
Q1 24
$987.0K
$1.5M
Net Profit
RKDA
RKDA
WRAP
WRAP
Q4 25
$-1.3M
$-3.9M
Q3 25
$856.0K
$-2.8M
Q2 25
$-4.5M
$-3.7M
Q1 25
$2.6M
$109.0K
Q4 24
$-4.1M
$-7.6M
Q3 24
$-1.6M
$2.0M
Q2 24
$1.1M
$-385.0K
Q1 24
$-2.4M
$117.0K
Gross Margin
RKDA
RKDA
WRAP
WRAP
Q4 25
21.4%
52.3%
Q3 25
32.1%
59.2%
Q2 25
43.4%
48.1%
Q1 25
43.2%
77.8%
Q4 24
31.9%
47.4%
Q3 24
32.9%
39.6%
Q2 24
51.5%
62.6%
Q1 24
52.3%
56.6%
Operating Margin
RKDA
RKDA
WRAP
WRAP
Q4 25
-152.8%
-281.1%
Q3 25
-88.5%
-185.2%
Q2 25
-34.4%
-282.2%
Q1 25
44.2%
-512.7%
Q4 24
-187.7%
-535.5%
Q3 24
-114.5%
-611.5%
Q2 24
-201.5%
Q1 24
-160.9%
-280.4%
Net Margin
RKDA
RKDA
WRAP
WRAP
Q4 25
-148.3%
-280.9%
Q3 25
65.7%
-186.0%
Q2 25
-306.4%
-368.3%
Q1 25
216.6%
14.2%
Q4 24
-334.5%
-878.3%
Q3 24
-104.9%
335.6%
Q2 24
81.2%
-24.5%
Q1 24
-245.5%
7.9%
EPS (diluted)
RKDA
RKDA
WRAP
WRAP
Q4 25
$-0.97
Q3 25
$0.62
$-0.06
Q2 25
$-3.26
$-0.07
Q1 25
$1.90
Q4 24
$-2.99
Q3 24
$-1.18
$0.04
Q2 24
$0.78
$-0.02
Q1 24
$-1.78

Balance Sheet & Financial Strength

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

Metric
RKDA
RKDA
WRAP
WRAP
Cash + ST InvestmentsLiquidity on hand
$4.6M
$3.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.1M
$11.5M
Total Assets
$6.5M
$15.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RKDA
RKDA
WRAP
WRAP
Q4 25
$4.6M
$3.5M
Q3 25
$5.9M
$6.0M
Q2 25
$4.4M
$4.2M
Q1 25
$3.2M
$6.2M
Q4 24
$4.2M
$3.6M
Q3 24
$6.6M
$4.9M
Q2 24
$8.1M
$4.6M
Q1 24
$8.5M
$8.2M
Stockholders' Equity
RKDA
RKDA
WRAP
WRAP
Q4 25
$4.1M
$11.5M
Q3 25
$5.4M
$14.1M
Q2 25
$4.5M
$11.8M
Q1 25
$8.9M
$2.6M
Q4 24
$6.2M
$250.0K
Q3 24
$10.3M
$6.4M
Q2 24
$11.7M
$3.8M
Q1 24
$10.6M
$4.5M
Total Assets
RKDA
RKDA
WRAP
WRAP
Q4 25
$6.5M
$15.4M
Q3 25
$8.6M
$18.2M
Q2 25
$7.8M
$15.6M
Q1 25
$13.0M
$18.0M
Q4 24
$13.5M
$15.1M
Q3 24
$15.2M
$18.8M
Q2 24
$17.4M
$21.8M
Q1 24
$16.0M
$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
RKDA
RKDA
WRAP
WRAP
Operating Cash FlowLast quarter
$-861.0K
$-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
RKDA
RKDA
WRAP
WRAP
Q4 25
$-861.0K
$-2.7M
Q3 25
$-257.0K
$-2.6M
Q2 25
$-2.0M
$-1.9M
Q1 25
$-1.6M
$-3.1M
Q4 24
$-2.2M
$-1.2M
Q3 24
$-1.8M
$330.0K
Q2 24
$-2.5M
$-3.5M
Q1 24
$-3.2M
$-3.7M
Free Cash Flow
RKDA
RKDA
WRAP
WRAP
Q4 25
$-2.7M
Q3 25
$-2.7M
Q2 25
$-1.9M
Q1 25
$-3.1M
Q4 24
$-1.2M
Q3 24
Q2 24
$-2.5M
$-3.5M
Q1 24
$-3.2M
$-3.7M
FCF Margin
RKDA
RKDA
WRAP
WRAP
Q4 25
-190.3%
Q3 25
-181.1%
Q2 25
-192.3%
Q1 25
-401.4%
Q4 24
-139.5%
Q3 24
Q2 24
-188.3%
-224.2%
Q1 24
-326.5%
-253.3%
Capex Intensity
RKDA
RKDA
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
0.0%
0.1%
Q3 24
0.0%
0.0%
Q2 24
0.2%
0.1%
Q1 24
1.3%
0.9%
Cash Conversion
RKDA
RKDA
WRAP
WRAP
Q4 25
Q3 25
-0.30×
Q2 25
Q1 25
-0.61×
-28.16×
Q4 24
Q3 24
0.17×
Q2 24
-2.31×
Q1 24
-31.83×

Financial Flow Comparison

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

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