Genasys vs Rekor Systems
Rekor Systems is the larger business, with $48.5m of revenue in fiscal 2025 against $40.8m for Genasys (1.2 times as much). Genasys grew faster (69.8% against 5.3%). Genasys kept more of each dollar of sales as profit: a net margin of -44.4% against -64.9%. Rekor Systems carries less debt relative to equity (35.4% against 831.1%).
| Latest fiscal year | GenasysGNSS, 2025 | Rekor SystemsREKR, 2025 |
|---|---|---|
| Revenue | $40.8m | $48.5m |
| Revenue growth | 69.8% | 5.3% |
| Net income | −$18.1m | −$31.5m |
| Operating margin | -41.2% | -59.6% |
| Net margin | -44.4% | -64.9% |
| Return on equity | -183.6% | -81.7% |
| Free cash flow | −$9.0m | −$22.9m |
| Cash | $8.0m | $16.6m |
| Total debt | $18.0m | $15.2m |
| Debt to equity | 831.1% | 35.4% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $189,000 |
| Employees | 187 | 234 |
| Market value | $66.9m | $46.6m |
| Price vs our value range | — | — |
| Moat score | 35 (Weak) | 16 (Weak) |
| Insider trades, 12 months | 3 buys, 0 sales | 0 buys, 0 sales |