REKRNasdaqCommunications Equipment, NECFiscal year ends December 31
Rekor Systems, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$0.30−0.03 (-9.31%)
Close on Oct 19, 2026
- Market cap
- $41.30M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
55.9%−5.9 pts over 5 years
Operating margin
-59.6%+68.7 pts over 5 years
Net margin
-64.9%+88.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.3% | +34.5% | +39.3% | – | |
| Gross profit | +19.3% | +44.2% | +36.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -2.5% | -175.6% | -81.7% | |
| Return on assets | – | -40.9% | -37.5% | |
| Current ratio | 4.22 | 4.08 | 1.06 | |
| Debt to equity | 0.30 | 0.04 | 0.00 | |
| Net debt to EBITDA | 55.50× | 1.98× | 0.73× | |
| Interest coverage | -0.6× | -4.7× | -12.6× | |
| Inventory turnover | – | 4.5× | 5.8× | |
| Capex to revenue | 0.3% | 11.2% | 5.2% | |
| Diluted shares | 8M | 24M | 120M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Rekor Systems generated $143.11M from operations and spent $13.86M on capital expenditure, dividends and share buybacks. 94% of that went back into the business.
Generated
$143.11M
Used
$13.86M
Capital expenditure$12.96M94%Dividends$00%Share buybacks$900.00K6%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-64.9%
×Asset turnover0.58×
×Equity multiplier2.18×
=Return on equity, FY2025-81.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -64.9% | 0.58× | 2.18× | -81.7% |
| FY2024 | -133.4% | 0.53× | 2.59× | -181.9% |
| FY2023 | -130.8% | 0.40× | 2.13× | -110.5% |
| FY2022 | -417.2% | 0.19× | 1.39× | -110.5% |
| FY2021 | -231.4% | 0.14× | 1.32× | -42.4% |
| FY2020 | -153.6% | 0.27× | 4.30× | -175.6% |
| FY2019 | -290.4% | 0.23× | -8.43× | 569.4% |
| FY2018 | -28.4% | 1.04× | 3.88× | -114.4% |
| FY2017 | -22.8% | 1.70× | 3.24× | -125.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$31.46M
- Cash generatingOperating cash flow above zero-$20.37M
- Return on assets improvedROA up on the prior year-66.6% → -38.1%
- Earnings backed by cashOperating cash flow above net income-$20.37M vs -$31.46M
- Less leverageLong-term debt to assets fell0.0% → 0.1%
- Better liquidityCurrent ratio rose1.09 → 1.06
- No dilutionShare count did not rise87M → 120M
- Gross margin improvedGross margin up on the prior year49.28% → 55.87%
- More efficientAsset turnover rose0.50 → 0.59