REKR · Rekor Systems, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $3.49M | - | $3.66M | $3.65M | $3.98M | - | $4.74M | $4.99M | $5.00M | - |
| SG&A | $8.34M | - | $6.30M | $6.94M | $7.29M | - | $8.64M | $7.37M | $7.66M | - |
| Total Operating Expenses | $14.20M | - | $12.97M | $13.85M | $14.58M | - | $17.50M | $16.73M | $17.41M | - |
| D&A | $1.46M | - | $1.54M | $1.56M | $1.56M | - | $2.40M | $2.34M | $2.33M | - |
| Operating Income | ($8.82M) | - | ($3.97M) | ($7.74M) | ($10.14M) | - | ($12.85M) | ($10.07M) | ($12.92M) | - |
| Interest Expense | $493.0K | - | $568.0K | $586.0K | $590.0K | - | $496.0K | $544.0K | $1.05M | - |
| Income Tax | $0 | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - |
| Net Income | ($9.36M) | - | ($4.15M) | ($8.66M) | ($10.87M) | - | ($12.65M) | ($9.79M) | ($18.61M) | - |
| EPS - Basic | ($0.07) | - | ($0.03) | ($0.07) | ($0.10) | - | ($0.14) | ($0.12) | ($0.23) | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $12.18M | $16.57M | $3.16M | $4.83M | $3.85M | $5.01M | $10.60M | $3.09M | $11.88M | $15.38M |
| Accounts Receivable | $7.67M | $8.77M | $12.32M | $7.98M | $7.58M | $7.23M | $6.73M | $9.02M | $7.54M | $4.96M |
| Inventory | $2.94M | $3.07M | $3.88M | $4.58M | $4.20M | $4.30M | $3.94M | $3.63M | $3.75M | $3.06M |
| Accounts Payable | $5.87M | $4.36M | $3.76M | $4.09M | $4.54M | $4.33M | $5.77M | $6.27M | $6.91M | $5.14M |
| Current Assets | $25.73M | $30.73M | $22.46M | $21.38M | $19.95M | $19.93M | $23.22M | $17.78M | $25.56M | $25.34M |
| Total Assets | $78.50M | $85.39M | $80.98M | $80.07M | $79.80M | $82.47M | $101.19M | $97.88M | $107.15M | $92.15M |
| Current Liabilities | $29.46M | $29.09M | $15.50M | $15.22M | $16.88M | $18.22M | $30.61M | $21.16M | $20.32M | $17.24M |
| Long-term Debt | $15.02M | $15.00M | $14.97M | $14.94M | $15.91M | $15.88M | $15.85M | $16.75M | $16.71M | $26.02M |
| Total Liabilities | $44.03M | $42.52M | $44.49M | $44.67M | $46.44M | $48.33M | $60.86M | $51.72M | $52.19M | $58.78M |
| Stockholders' Equity | $34.47M | $42.87M | $36.48M | $35.40M | $33.36M | $34.14M | $40.33M | $46.16M | $54.96M | $33.37M |
| Retained Earnings | ($300.91M) | ($291.55M) | ($283.77M) | ($279.63M) | ($270.97M) | ($260.09M) | ($239.74M) | ($227.09M) | ($217.30M) | ($198.68M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.75M) | - | - | - | ($8.08M) | - | - | - | ($7.89M) | - |
| Investing Cash Flow | ($278.0K) | - | - | - | ($337.0K) | - | - | - | ($9.13M) | - |
| Financing Cash Flow | ($241.0K) | - | - | - | $7.40M | - | - | - | $13.57M | - |
| CapEx | $393.0K | - | - | - | $349.0K | - | - | - | $161.0K | - |
| Free Cash Flow | ($4.14M) | - | - | - | ($8.43M) | - | - | - | ($8.05M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.44 | - | - | - | 0.78 | - | - | - | 0.43 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -11.9% | - | -5.1% | -10.8% | -13.6% | - | -12.5% | -10.0% | -17.4% | - |
| Return on equity | -27.2% | - | -11.4% | -24.5% | -32.6% | - | -31.4% | -21.2% | -33.9% | - |
| Return on invested capital | -14.1% | - | -6.1% | -12.1% | -16.3% | - | -18.1% | -12.7% | -14.2% | - |
| Liquidity | ||||||||||
| Current ratio | 0.87 | 1.06 | 1.45 | 1.40 | 1.18 | 1.09 | 0.76 | 0.84 | 1.26 | 1.47 |
| Quick ratio | 0.77 | 0.95 | 1.20 | 1.10 | 0.93 | 0.86 | 0.63 | 0.67 | 1.07 | 1.29 |
| Cash ratio | 0.41 | 0.57 | 0.20 | 0.32 | 0.23 | 0.28 | 0.35 | 0.15 | 0.58 | 0.89 |
| Leverage | ||||||||||
| Debt / Equity | 0.44 | 0.35 | 0.41 | 0.42 | 0.48 | 0.47 | 0.39 | 0.36 | 0.30 | 0.78 |
| Debt / Assets | 0.19 | 0.18 | 0.18 | 0.19 | 0.20 | 0.19 | 0.16 | 0.17 | 0.16 | 0.28 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -17.9x | - | -7.0x | -13.2x | -17.2x | - | -25.9x | -18.5x | -12.3x | - |
| Equity multiplier | 2.28 | 1.99 | 2.22 | 2.26 | 2.39 | 2.42 | 2.51 | 2.12 | 1.95 | 2.76 |
| Liabilities / Assets | 0.56 | 0.50 | 0.55 | 0.56 | 0.58 | 0.59 | 0.60 | 0.53 | 0.49 | 0.64 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 13.0% | - | 69.1% | 23.2% | 21.5% | - | -31.1% | 2.0% | -1.8% | - |
| Net income growth (YoY) | 13.9% | - | 67.2% | 11.6% | 41.6% | - | -19.7% | 11.9% | -46.8% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 50.9% | - | - | - | -4.7% | - | - | - | 20.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3.3% | 25.6% | -9.5% | -23.3% | -39.3% | 2.3% | -7.4% | 10.1% | 5.7% | -32.4% |
Peer comparison
Same SIC group: Communications Equipment, NEC
Comparing Rekor Systems against the 5 most active filers in the same SIC group.