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REKR

Rekor Systems, Inc.

REKR

Rekor Systems, Inc. • NASDAQ
$1.76 ▲ 2.92% (+0.05)
Market Cap $222.97 M
52w High $3.42
52w Low $0.62
Dividend Yield 0%
P/E -4.19
Volume 1.29M
Outstanding Shares 126.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $14.194M ▲ $12.969M ▼ $-4.149M ▲ -29.231% ▲ $-0.03 ▲ $-2.036M ▲
Q2-2025 $12.359M ▲ $13.849M ▼ $-8.658M ▲ -70.054% ▲ $-0.074 ▲ $-6.536M ▲
Q1-2025 $9.198M ▼ $14.576M ▼ $-10.874M ▲ -118.221% ▲ $-0.1 ▲ $-8.753M ▲
Q4-2024 $13.277M ▲ $25.375M ▲ $-20.355M ▼ -153.31% ▼ $-0.22 ▼ $-17.517M ▼
Q3-2024 $10.546M $17.497M $-12.646M -119.913% $-0.14 $-9.751M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.158M ▼ $80.979M ▲ $44.495M ▼ $36.484M ▲
Q2-2025 $4.83M ▲ $80.072M ▲ $44.673M ▼ $35.399M ▲
Q1-2025 $3.851M ▼ $79.802M ▼ $46.443M ▼ $33.359M ▼
Q4-2024 $5.013M ▼ $82.475M ▼ $48.334M ▼ $34.141M ▼
Q3-2024 $10.602M $101.195M $60.861M $40.334M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.149M ▲ $-4.848M ▲ $-1.351M ▼ $4.44M ▼ $-1.759M ▼ $-6.265M ▲
Q2-2025 $-8.658M ▲ $-7.655M ▲ $-293K ▲ $8.809M ▲ $861K ▲ $-7.956M ▲
Q1-2025 $-10.874M ▲ $-8.079M ▼ $-337K ▲ $7.396M ▲ $-1.02M ▲ $-8.428M ▼
Q4-2024 $-20.355M ▼ $-4.917M ▲ $-809K ▼ $88K ▼ $-5.638M ▼ $-5.737M ▲
Q3-2024 $-12.646M $-9.626M $1.146M $16.03M $7.55M $-9.976M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product and Service Other
Product and Service Other
 $10.00M ▲$0 ▼$10.00M ▲$10.00M ▲
Public Safety
Public Safety
 $0 ▲$0 ▲$0 ▲$10.00M ▲
Recurring Revenue
Recurring Revenue
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Rekor is clearly in a growth and investment phase. Revenue has been climbing steadily, especially over the last couple of years, and gross profit has improved alongside that, which means the core products and services are gaining traction. However, operating losses and net losses remain sizable, so the business is not yet close to break-even. Losses did spike during the heavier build-out years and have since shown some improvement in efficiency, but the company still spends heavily on operations and growth compared with the revenue it generates. Overall, the top line is moving in the right direction, but profitability is still a medium‑term challenge rather than a near‑term reality.

Balance Sheet

Balance Sheet The balance sheet shows a company that has grown but also taken on more financial risk to do so. Total assets have held fairly steady recently, suggesting the big investment phase in infrastructure and capabilities has already happened. Cash has come down from prior years, while debt has risen from almost nothing to a more meaningful level, and equity has thinned out compared with the peak. That mix points to a business that has relied on outside funding and now carries a modest but noticeable debt load. The balance sheet is not distressed, but it offers limited cushion if losses were to persist without additional capital.

Cash Flow

Cash Flow Rekor has consistently used cash rather than generated it. Operating cash flow has been negative for several years, and free cash flow has followed the same pattern, with only light spending on physical assets. In practical terms, most of the cash burn is from running and scaling the business, not from building large hard assets. There are signs of improvement as operating efficiency gets better, but the company still depends on external financing or new contracts to support its growth. A shift toward recurring, software-like revenue is a positive sign, but the business has not yet proven it can fund itself from its own cash generation.

Competitive Edge

Competitive Edge Rekor operates in a focused niche: AI-driven roadway intelligence and public safety. Its edge comes from a software-first, infrastructure-light approach that can sit on top of existing camera and sensor networks instead of requiring expensive new hardware. The company also benefits from an expanding set of patents, growing proprietary data, and partnerships with major technology and public-sector players. This creates a real, though still developing, competitive moat. At the same time, Rekor competes in markets where large, well-funded incumbents are active, and it sells mainly to governments and agencies with long sales cycles and heavy procurement processes. That combination offers meaningful upside but also introduces dependency on a relatively small number of high-stakes contracts.

Innovation and R&D

Innovation and R&D Innovation is one of Rekor’s main strengths. Its Rekor One platform pulls together data from many different sources and uses AI to deliver real-time roadway intelligence, which underpins a suite of products for enforcement, traffic management, and planning. The company continues to refine computer vision, data fusion, and privacy-protecting technologies, which deepen its data and patent advantages over time. On top of that, Rekor is branching into new areas like deepfake detection through a separate lab initiative, leveraging its AI and image-analysis expertise in a much broader market. This expansion could open new revenue streams but also adds execution risk, as it moves beyond its core transportation base and must prove product–market fit in a new, highly dynamic field.

Summary

Rekor is a small but fast-evolving technology company that has turned itself into a meaningful player in AI-powered traffic and roadway intelligence. Revenue is growing well and the product mix is tilting toward longer-term, recurring contracts, especially with government transportation agencies. At the same time, the company remains loss-making, burns cash, and carries a modest level of debt, so it still depends on continued access to capital and successful contract execution. Its competitive position is supported by patents, data, and partnerships, but it operates in markets where larger rivals and complex public-sector buying processes are important realities. The long-term story is centered on whether Rekor can convert its innovation and contract wins into a self-sustaining, profitable business before financial constraints become limiting.

NEWS

November 19, 2025 · 7:00 AM UTC

Rekor Systems Offers Policymakers a Privacy-Protected and Responsible Path Forward for the Use of Automated License Plate Recognition

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November 13, 2025 · 4:03 PM UTC

Rekor Systems Reports Record Third Quarter 2025 Financial Results

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October 16, 2025 · 7:18 AM UTC

Rekor Technology Powers South Carolina “Virtual Weigh Stations,” Wins State Technology Innovation Award, Establishing a Near 100 Percent Perfect Overweight-Truck Targeting Model That Other States Can Follow

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October 9, 2025 · 7:00 AM UTC

Rekor Systems Announces Early Deployments with Caltrans and Texas DOT for Rekor Discover ®, Signaling Scalable Statewide Opportunities

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