REKR Nasdaq Communications Equipment, Nec Financials FY2016βFY2025
Rekor Systems, Inc. had $48.5M of revenue in fiscal 2025, up 5.3% on the year before. Over five years, revenue changed +39.3% a year on average.
Last close Β· Oct 23, 2026
$0.30
3.0%Hi! I read Rekor Systems, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+5.3%
Yes. Sales grew 5.3% last year.
Does it make a profit?
β64.9%
No. It lost money last year.
Does profit turn into cash?
β47.3%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 7
Mixed. It passes 4 of 7 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Rekor Systems, Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 12, 2026
Thursday Β· in 17 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Jul 15, 2026 | Q2 '26 | During market hours | 8-K β |
| May 11, 2026 | Q1 '26 | After the market closes | 8-K β |
| Mar 31, 2026 | Q4 '25 | After the market closes | 8-K β |
| Oct 14, 2025 | Q3 '25 | Before the market opens | 8-K β |
| Aug 12, 2025 | Q2 '25 | After the market closes | 8-K β |
| May 14, 2025 | Q1 '25 | After the market closes | 8-K β |
| Mar 14, 2025 | Q4 '24 | Time not announced | 8-K β |
| Nov 14, 2024 | Q3 '24 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Rekor Systems, Inc. had $48.5M of revenue in fiscal 2025, up 5.3% on the year before. Over five years, revenue changed +39.3% a year on average. Its operating margin was β59.6%, up 58.4Β pts: of every 100 in sales, about β60 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Rekor Systems, Inc. lost $31.5M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$22.9M in fiscal 2025, β47.3% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Rekor Systems, Inc. returned $0.2M to shareholders in fiscal 2025.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· Rekor Systems, Inc. has $0.1M more cash than debt.
Cash, debt and the ratios that show how comfortably Rekor Systems, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $25.8M | $1.9M | $15.4M | $5.0M | $16.6M |
| Debt incl. finance leases | β | β | $27.6M | $17.8M | $16.5M |
| Debt / equity | β | β | 0.8x | 0.5x | 0.3x |
| Interest coverage | β1,179.0x | β4,085.0x | β11.7x | β20.5x | β12.6x |
| Current ratio | 2.2x | 0.6x | 1.5x | 1.1x | 1.1x |
| Quick ratio | 2.1x | 0.5x | 1.3x | 0.9x | 1.0x |
| Total assets | $126M | $83.8M | $92.2M | $82.5M | $85.4M |
| Total liabilities | $24.8M | $34.5M | $58.8M | $48.3M | $42.5M |
| Shareholders' equity | $101M | $49.3M | $33.4M | $34.1M | $42.9M |
| Net debt (β = net cash) | β | β | $12.2M | $12.7M | β$0.1M |
KIRA Β· Its return on capital was β55.3%: every 100 invested in the business earned about β55 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Rekor Systems, Inc. passes 4 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 1 / 8 | 3 / 9 | 2 / 9 | 4 / 9 | 2 / 7 | β / 6 | β / 6 | 3 / 7 | 4 / 7 |
| Accruals ratio | 1.8% | β14.4% | β18.9% | 23.2% | 2.5% | β10.5% | β41.5% | β14.8% | β33.1% | β13.2% |
| Altman Z'' | 5.05 | β0.87 | β3.72 | β5.26 | 0.61 | 1.65 | β11.81 | β8.93 | β13.83 | β12.22 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $12.1M | $22.1M | $20.1M | $5.5M | $9.2M | $11.6M | $19.9M | $34.9M | $46.0M | $48.5M |
| Provision for credit losses | β | β | β | $0.0M | $0.0M | β | β | β | β | β |
| Gross profit | $5.2M | $8.3M | $10.1M | $3.8M | $5.7M | β | β | β | β | β |
| Research and development | β | β | $0.1M | $1.4M | $3.2M | $8.3M | $18.6M | $18.3M | $18.8M | $14.6M |
| Operating income | β$0.1M | β$4.6M | β$5.1M | β$7.5M | β$11.8M | β$31.8M | β$85.8M | β$42.1M | β$54.3M | β$28.9M |
| Interest expense | $0.2M | $0.2M | $0.5M | $3.9M | $2.5M | $0.0M | $0.0M | $3.6M | $2.6M | $2.3M |
| Pretax income | β$0.3M | β$5.3M | β$5.7M | β$12.4M | β$13.9M | β$31.1M | β$84.4M | β$45.7M | β$61.4M | β$31.4M |
| Income tax | β$0.2M | β$0.3M | $0.0M | $0.0M | $0.0M | β$3.8M | β$1.0M | $0.0M | $0.0M | $0.0M |
| Net income | β$0.0M | β$5.0M | β$5.7M | β$15.9M | β$14.2M | β$26.8M | β$83.1M | β$45.7M | β$61.4M | β$31.5M |
| Net income to common | β$0.0M | β$6.0M | β$6.8M | β$17.1M | β$15.5M | β$26.9M | β$83.1M | β | β | β |
| Diluted EPS | β$0.01 | β$0.51 | β$0.44 | β$0.85 | β$0.64 | β$0.65 | β | β | β | β |
| Diluted shares | 0.01B | 0.01B | 0.02B | 0.02B | 0.02B | 0.04B | β | β | β | β |
| Cash flow | ||||||||||
| Cash from operations | β$0.1M | β$3.2M | β$2.1M | β$21.3M | β$15.1M | β$18.0M | β$39.6M | β$32.6M | β$32.5M | β$20.4M |
| Capital expenditure | $0.0M | $0.3M | $1.0M | $0.8M | $1.0M | $4.4M | $3.0M | $1.4M | $1.7M | $2.5M |
| Free cash flow | β$0.2M | β$3.5M | β$3.1M | β$22.1M | β$16.1M | β$22.4M | β$42.6M | β$34.0M | β$34.2M | β$22.9M |
| Depreciation and amortization | $0.1M | $0.1M | $1.0M | $1.9M | $2.0M | $3.1M | $6.4M | $7.9M | $9.5M | $6.3M |
| Stock-based compensation | $0.0M | $0.4M | $0.5M | $0.4M | $0.8M | $3.9M | $6.6M | $4.4M | $4.8M | $2.9M |
| Acquisitions | $0.0M | $0.4M | $0.0M | β$7.0M | $0.0M | $0.0M | $6.4M | $0.0M | $9.2M | $0.0M |
| Share buybacks | β | β | β | β | $0.0M | $0.3M | $0.1M | $0.1M | $0.2M | $0.2M |
| Dividends and buybacks | β | β | β | β | $0.0M | $0.3M | $0.1M | $0.1M | $0.2M | $0.2M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $2.8M | $2.0M | $2.1M | $1.1M | $20.6M | $25.8M | $1.9M | $15.4M | $5.0M | $16.6M |
| Total debt | β | $1.4M | $20.0M | $22.3M | $2.0M | β | β | $26.0M | $15.9M | $15.0M |
| Finance lease liabilities | β | β | β | β | β | β | β | $1.6M | $1.9M | $1.5M |
| Current assets | $4.9M | $10.9M | $8.5M | $10.2M | $24.1M | $30.7M | $9.3M | $25.3M | $19.9M | $30.7M |
| Current liabilities | $1.2M | $8.2M | $8.6M | $10.3M | $5.9M | $13.8M | $15.4M | $17.2M | $18.2M | $29.1M |
| Inventory | $0.0M | $0.2M | $0.1M | $0.3M | $1.3M | $1.2M | $2.0M | $3.1M | $4.3M | $3.1M |
| Property and equipment, net | $0.1M | $0.7M | $0.5M | $0.4M | $1.0M | $9.7M | $16.7M | $13.2M | $11.0M | $8.6M |
| Goodwill | $0.0M | $3.1M | $1.4M | $6.3M | $6.3M | $53.5M | $20.6M | $20.6M | $24.3M | $24.3M |
| Intangible assets | $0.0M | $5.5M | $3.5M | $8.2M | $7.0M | $21.3M | $21.3M | $17.2M | $14.5M | $13.3M |
| Total assets | $5.5M | $20.6M | $18.1M | $29.0M | $40.4M | $126M | $83.8M | $92.2M | $82.5M | $85.4M |
| Total liabilities | $1.7M | $9.7M | $9.5M | $32.2M | $8.5M | $24.8M | $34.5M | $58.8M | $48.3M | $42.5M |
| Preferred stock | $0.0M | β | $0.0M | $0.0M | $0.0M | β | $0.0M | β | β | β |
| Shareholders' equity | $1.5M | $6.5M | $3.5M | β$9.0M | $25.2M | $101M | $49.3M | $33.4M | $34.1M | $42.9M |
| Margins | ||||||||||
| Gross margin | 42.6% | 37.7% | 50.2% | 69.8% | 61.7% | β | β | β | β | β |
| Operating margin | β0.8% | β21.0% | β25.5% | β137.8% | β128.3% | β275.0% | β430.6% | β120.6% | β118.0% | β59.6% |
| EBITDA margin | β0.3% | β20.3% | β20.3% | β103.6% | β107.1% | β248.3% | β398.4% | β98.0% | β97.4% | β46.7% |
| Net margin | β0.3% | β22.8% | β28.4% | β290.4% | β153.6% | β231.4% | β417.2% | β130.8% | β133.4% | β64.9% |
| FCF margin | β1.4% | β15.6% | β15.2% | β404.6% | β174.4% | β193.6% | β213.9% | β97.4% | β74.2% | β47.3% |
| Returns | ||||||||||
| Return on capital | β | β61.5% | β18.9% | β48.8% | β142.6% | β | β | β75.6% | β95.4% | β55.3% |
| Return on capital employed | β2.2% | β37.5% | β54.0% | β40.4% | β34.4% | β28.4% | β125.4% | β56.2% | β84.5% | β51.3% |
| Return on equity | β2.5% | β125.1% | β114.4% | β | β175.6% | β42.4% | β110.5% | β110.5% | β181.9% | β81.7% |
| Return on assets | β0.7% | β38.7% | β29.5% | β67.5% | β40.9% | β32.2% | β79.3% | β51.9% | β70.3% | β37.5% |
| Return on tangible equity | β2.9% | β | β | β | β131.2% | β102.1% | β1,116.4% | β | β | β592.8% |
| Growth | ||||||||||
| Revenue growth | β | 82.5% | β9.4% | β72.7% | 68.8% | 25.4% | 72.1% | 75.4% | 31.8% | 5.3% |
| Share count change | β | 53.2% | 30.9% | 30.0% | 20.8% | 70.2% | β | β | β | β |
| Financial health | ||||||||||
| Debt / equity | β | 0.2x | 5.8x | β | 0.1x | β | β | 0.8x | 0.5x | 0.3x |
| Interest coverage | β0.6x | β21.7x | β10.4x | β1.9x | β4.7x | β1,179.0x | β4,085.0x | β11.7x | β20.5x | β12.6x |
| Current ratio | 4.2x | 1.3x | 1.0x | 1.0x | 4.1x | 2.2x | 0.6x | 1.5x | 1.1x | 1.1x |
| Quick ratio | 4.2x | 1.3x | 1.0x | 1.0x | 3.9x | 2.1x | 0.5x | 1.3x | 0.9x | 1.0x |
| Capital allocation | ||||||||||
| Capex / revenue | 0.3% | 1.3% | 5.0% | 14.6% | 11.2% | 37.8% | 15.0% | 4.0% | 3.7% | 5.2% |
| Stock comp / revenue | 0.2% | 1.8% | 2.3% | 8.2% | 8.6% | 33.8% | 33.2% | 12.5% | 10.5% | 6.0% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 1.0 | 3.0 | 2.0 | 4.0 | 2.0 | β | β | 3.0 | 4.0 |
| Altman Z'' | 5.0 | β0.9 | β3.7 | β5.3 | 0.6 | 1.7 | β11.8 | β8.9 | β13.8 | β12.2 |
| Accruals ratio | 1.8% | β14.4% | β18.9% | 23.2% | 2.5% | β10.5% | β41.5% | β14.8% | β33.1% | β13.2% |
Source: SEC EDGAR XBRL filings (CIK 0001697851). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
