Byrna Technologies Reports Strong Q4 and Full-Year 2025 Results

Company emphasizes retail expansion, new products, and manufacturing changes to drive margin improvement in fiscal 2026.

Published on Feb. 8, 2026

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Byrna Technologies (NASDAQ:BYRN) detailed fiscal fourth-quarter and full-year 2025 results that showed continued revenue growth and profitability, while management emphasized an ongoing shift toward a broader retail footprint, new product introductions, and manufacturing changes intended to lift margins in fiscal 2026.

Why it matters

Byrna Technologies is a leading provider of non-lethal personal security devices, and its financial performance and strategic initiatives provide insights into the evolving self-defense market and the company's ability to capitalize on growth opportunities.

The details

CFO Lori Kearns said fiscal Q4 2025 net revenue rose to $35.2 million, up 26% from $28.0 million in fiscal Q4 2024, driven by strong performance in dealer and chain store channels, as well as growth in direct-to-consumer (DTC) and international sales. Gross profit in Q4 2025 was $21.1 million, or 60% of net revenue, compared with $17.6 million, or 63%, in Q4 2024, with the margin decline attributed to a greater mix of dealer and chain store sales and ongoing amortization of startup costs. Operating expenses increased as the company invested in growth initiatives, with Q4 2025 operating expenses at $17.1 million versus $13.5 million in Q4 2024.

  • Byrna ended fiscal 2025 with $15.5 million in cash, cash equivalents, and marketable securities, down from $25.7 million at November 30, 2024.
  • Subsequent to quarter-end, the company entered into a $20 million credit facility with Texas Capital Bank to support strategic growth initiatives, including potential acquisitions.

The players

Lori Kearns

CFO of Byrna Technologies.

Bryan Ganz

CEO of Byrna Technologies.

Byrna Technologies

An American company that designs, develops, and markets non-lethal personal security devices and accessories.

Sportsman's Warehouse

A key retail partner for Byrna, with plans to roll out the Byrna program to nearly all of its locations in 2026.

Dan Bongino

A celebrity and influencer who has returned to Byrna's roster after stepping away during his time in an administration.

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What they’re saying

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

Management said it was not providing revenue guidance, but emphasized expectations for continued growth and EBITDA margin expansion through operating leverage.

The takeaway

Byrna Technologies is successfully transitioning from a largely direct-to-consumer model to a more diversified multi-platform approach, with a focus on expanding its retail footprint, introducing new products, and improving manufacturing efficiency to drive margin expansion in the coming fiscal year.