Byrna Technologies Inc.
For the period ended Aug 31, 2026. Filed Oct 8, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 31, 2026 · Filed Oct 8, 2026
BYRN$3.83+2.4%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Statements of Cash Flows for the Nine Months Ended August 31, 2026 and 2025 (unaudited)
BYRNA TECHNOLOGIES INC.
Condensed Consolidated Statements of Cash Flows
(Amounts in thousands)
| For the Nine Months Ended | ||
|---|---|---|
| August 31, | ||
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net (loss) income for the period | $(12,198) | $6,324 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Stock-based compensation expense | 1,972 | 2,297 |
| Depreciation and amortization | 1,828 | 1,617 |
| Loss on disposal and write-off of property and equipment | 338 | 607 |
| Operating lease costs | 994 | 513 |
| Deferred tax (benefit) provision | (2,721) | 1,650 |
| Realized gain on marketable debt securities | (13) | — |
| Allowance for expected credit losses | 2,005 | 52 |
| Provision for inventory reserves | 2,442 | 417 |
| Write-down of ammunition inventory | 3,605 | — |
| Impairment loss on property and equipment | 4,506 | — |
| Changes in assets and liabilities, net of effects of business acquisition: | ||
| Accounts receivable | 6,297 | (6,294) |
| Deferred revenue | (317) | (1,519) |
| Inventory | (3,184) | (14,551) |
| Prepaid expenses and other current assets | 860 | (1,857) |
| Other assets | (102) | 34 |
| Accounts payable and accrued liabilities | (8,615) | (410) |
| Operating lease liabilities | (1,167) | (383) |
| NET CASH USED IN OPERATING ACTIVITIES | (3,470) | (11,503) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (1,237) | (5,830) |
| Proceeds from sale of property and equipment | — | 67 |
| Proceeds from sale and maturities of marketable debt securities | 750 | 6,352 |
| Acquisition of business, net of cash acquired | (500) | — |
| Acquisition of Federal Firearms License | — | (6) |
| NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES | (987) | 583 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from stock option exercises | — | 296 |
| Repurchase of common stock | (953) | (55) |
| Payment of taxes withheld on issuance of restricted stock units | (188) | (142) |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (1,141) | 99 |
| Effects of foreign currency exchange rate changes | 289 | 487 |
| NET DECREASE IN CASH AND CASH EQUIVALENTS FOR THE PERIOD | (5,309) | (10,334) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 13,727 | 16,829 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $8,418 | $6,495 |
| Supplemental schedule of noncash investing and financing activities: | ||
| Operating lease liabilities arising from obtaining right-of-use assets | $58 | $178 |
| Common stock issued as consideration for business combination | $453 | $— |
| Contingent consideration recognized in business combination | $649 | $— |
| Holdback consideration payable in connection with business combination | $125 | $— |
Condensed Consolidated Statements of Changes in Stockholders’** Equity**
For the Three and Nine Months Ended August 31, 2026 and 2025
(Amounts in thousands except share numbers)
| Additional · Treasury · Accumulated Other | ||||||||
|---|---|---|---|---|---|---|---|---|
| Common Stock · Paid-in · Stock · Accumulated · Comprehensive | ||||||||
| Shares | $ | Capital | Shares | $ | Deficit | Loss | Total | |
| Balance, May 31, 2026 | 25,331,939 | $25 | $137,075 | (2,638,583) | $(23,308) | $(56,383) | $(426) | $56,983 |
| Stock-based compensation | — | — | 601 | — | — | — | — | 601 |
| Issuance of common stock pursuant to vesting of restricted stock units | 607,398 | — | (22) | — | — | — | — | (22) |
| Issuance of common stock as Stock Consideration in the Hero Acquisition | 104,000 | 453 | — | — | 453 | |||
| Net loss | — | — | — | — | — | (2,911) | — | (2,911) |
| Unrealized (loss) gain on marketable securities | — | — | — | — | — | — | (14) | (14) |
| Foreign currency translation | — | — | — | — | — | — | 29 | 29 |
| Balance, August 31, 2026 | 26,043,337 | $25 | $138,107 | (2,638,583) | $(23,308) | $(59,294) | $(411) | $55,119 |
| Balance, May 31, 2025 | 25,197,613 | $25 | $134,739 | (2,519,144) | $(21,308) | $(52,694) | $(626) | 60,136 |
| Stock-based compensation | — | — | 734 | — | — | — | — | 734 |
| Issuance of common stock pursuant to exercise of stock options | 12,923 | — | 62 | — | — | — | — | 62 |
| Issuance of common stock pursuant to vesting of restricted stock units | 3,574 | — | (55) | — | — | — | — | (55) |
| Net income | — | — | — | — | — | 2,235 | — | 2,235 |
| Unrealized (loss) gain on marketable securities | — | — | — | — | — | — | (51) | (51) |
| Foreign currency translation | — | — | — | — | — | — | 82 | 82 |
| Balance, August 31, 2025 | 25,214,110 | $25 | $135,480 | (2,519,144) | $(21,308) | $(50,459) | $(595) | $63,143 |
| Additional · Treasury · Accumulated Other | ||||||||
|---|---|---|---|---|---|---|---|---|
| Common Stock · Paid-in · Stock · Accumulated · Comprehensive | ||||||||
| Shares | $ | Capital | Shares | $ | Deficit | Loss | Total | |
| Balance, November 30, 2025 | 25,258,393 | $25 | $135,870 | (2,579,678) | $(22,355) | (47,096) | $(687) | $65,757 |
| Stock-based compensation | — | — | 1,972 | — | — | — | — | 1,972 |
| Issuance of common stock pursuant to vesting of restricted stock units | 680,944 | — | (188) | — | — | — | — | (188) |
| Issuance of common stock as Stock Consideration in the Hero Acquisition | 104,000 | 453 | 453 | |||||
| Repurchase of common shares under StockBuyback Plan | — | — | — | (58,905) | (953) | — | — | (953) |
| Net loss | — | — | — | — | — | (12,198) | — | (12,198) |
| Unrealized (loss) gain on marketable securities | — | — | — | — | — | — | (16) | (16) |
| Foreign currency translation | — | — | — | — | — | — | 292 | 292 |
| Balance, August 31, 2026 | 26,043,337 | $25 | $138,107 | (2,638,583) | $(23,308) | $(59,294) | $(411) | $55,119 |
| Balance, November 30, 2024 | 25,010,976 | $25 | $133,029 | (2,515,217) | $(21,253) | (56,783) | $(649) | $54,369 |
| Stock-based compensation | — | — | 2,297 | — | — | — | — | 2,297 |
| Issuance of common stock pursuant to exercise of stock options | 100,194 | — | 296 | — | — | — | — | 296 |
| Issuance of common stock pursuant to vesting of restricted stock units | 102,940 | — | (142) | — | — | — | — | (142) |
| Repurchase of common shares under StockBuyback Plan | — | — | — | (3,927) | (55) | — | — | (55) |
| Net income | — | — | — | — | — | 6,324 | — | 6,324 |
| Unrealized (loss) gain on marketable securities | — | — | — | — | — | — | 27 | 27 |
| Foreign currency translation | — | — | — | — | — | — | 27 | 27 |
| Balance, August 31, 2025 | 25,214,110 | $25 | $135,480 | (2,519,144) | $(21,308) | $(50,459) | $(595) | $63,143 |
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