Rekor Systems, Inc. income statement
In fiscal 2025, Rekor Systems, Inc. reported revenue of $48.5m, up 5.3% on the year before, operating income of −$28.9m (a -59.6% margin) and net income of −$31.5m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 22 | 20 | 19 | 9 | 12 | 20 | 35 | 46 | 48 | 50 |
| Cost of revenue | 7 | 14 | 10 | 2 | 4 | — | — | — | — | — | — |
| Gross profit | 5 | 8 | 10 | 4 | 6 | — | — | — | — | — | — |
| Research and development | — | — | 0 | 1 | 3 | 8 | 19 | 18 | 19 | 15 | 13 |
| Selling, general and administrative | 5 | 13 | 19 | — | — | — | — | — | — | — | — |
| Selling and marketing | — | — | — | 2 | 2 | 4 | 8 | 7 | 8 | 6 | 4 |
| General and administrative | — | — | — | 8 | 10 | 23 | 27 | 27 | 31 | 25 | 24 |
| Operating income | −0 | −5 | −5 | −8 | −12 | −32 | −86 | −42 | −54 | −29 | −20 |
| Interest expense | 0 | 0 | 0 | 4 | 3 | 0 | 0 | 4 | 3 | 2 | 2 |
| Provision for credit losses | — | — | — | 0 | 0 | — | — | — | — | — | — |
| Income before tax | −0 | −5 | −6 | −12 | −14 | −31 | −84 | −46 | −61 | −31 | — |
| Income tax | −0 | −0 | 0 | 0 | 0 | −4 | −1 | 0 | 0 | 0 | 0 |
| Net income | −0 | −5 | −6 | −16 | −14 | −27 | −83 | −46 | −61 | −31 | −22 |
| Diluted EPS | −$0.01 | −$0.51 | −$0.44 | −$0.85 | −$0.64 | −$0.65 | — | — | — | — | −$0.17 |
| Diluted shares (average) | 8m | 12m | 15m | 20m | 24m | 41m | 50m | 63m | 87m | 120m | 132m |
| EBITDA | −0 | −4 | −4 | −6 | −10 | −29 | −79 | −34 | −45 | −23 | −14 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11 | 13 | 9 | 12 | 14 | 13 | 10 | 13 |
| Research and development | 5 | 4 | 4 | 4 | 4 | 3 | 3 | 2 |
| Selling and marketing | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| General and administrative | 9 | 7 | 7 | 7 | 6 | 5 | 8 | 5 |
| Operating income | −13 | −18 | −10 | −8 | −4 | −7 | −9 | 0 |
| Interest expense | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −13 | −20 | −11 | −9 | −4 | −8 | −9 | −1 |
| EBITDA | −10 | −16 | −9 | −6 | −2 | −5 | −7 | 2 |
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