Rekor Systems Inc Financials
This page shows Rekor Systems Inc (REKR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Rekor Systems Inc has an operating margin of -118.0%, meaning the company retains $-118 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -120.6% the prior year.
Rekor Systems Inc's revenue surged 31.8% year-over-year to $46.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Rekor Systems Inc carries a low D/E ratio of 0.47, meaning only $0.47 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.
Rekor Systems Inc's current ratio of 1.09 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.
While Rekor Systems Inc generated -$32.5M in operating cash flow, capex of $1.7M consumed most of it, leaving -$34.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Rekor Systems Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Rekor Systems Inc generates $0.53 in operating cash flow (-$32.5M OCF vs -$61.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Rekor Systems Inc earns $-20.5 in operating income for every $1 of interest expense (-$54.3M vs $2.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Rekor Systems Inc generated $46.0M in revenue in fiscal year 2024. This represents an increase of 31.8% from the prior year.
Rekor Systems Inc's EBITDA was -$44.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 31.0% from the prior year.
Rekor Systems Inc generated -$34.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 0.4% from the prior year.
Rekor Systems Inc reported -$61.4M in net income in fiscal year 2024. This represents a decrease of 34.4% from the prior year.
Rekor Systems Inc held $5.0M in cash against $15.9M in long-term debt as of fiscal year 2024.
Rekor Systems Inc had 105M shares outstanding in fiscal year 2024. This represents an increase of 51.1% from the prior year.
Rekor Systems Inc's gross margin was 49.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.5 percentage points from the prior year.
Rekor Systems Inc's operating margin was -118.0% in fiscal year 2024, reflecting core business profitability. This is up 2.5 percentage points from the prior year.
Rekor Systems Inc's net profit margin was -133.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.6 percentage points from the prior year.
Rekor Systems Inc invested $18.8M in research and development in fiscal year 2024. This represents an increase of 2.7% from the prior year.
Rekor Systems Inc spent $189K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 80.0% from the prior year.
Rekor Systems Inc invested $1.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 21.2% from the prior year.
REKR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.2M+14.8% | $12.4M+34.4% | $9.2M-30.7% | $13.3M+6.8% | $12.4M+27.1% | $9.8M-11.6% | $11.1M+21.4% | $9.1M |
| Cost of Revenue | $5.2M-16.8% | $6.2M+31.2% | $4.8M-25.4% | $6.4M+10.5% | $5.8M+9.3% | $5.3M+2.0% | $5.2M+19.9% | $4.3M |
| Gross Profit | $9.0M+47.2% | $6.1M+37.8% | $4.4M-35.7% | $6.9M+3.7% | $6.7M+48.0% | $4.5M-23.7% | $5.9M+22.7% | $4.8M |
| R&D Expenses | $3.7M+0.2% | $3.7M-8.2% | $4.0M-1.4% | $4.0M-19.2% | $5.0M-0.2% | $5.0M+17.4% | $4.3M-0.2% | $4.3M |
| SG&A Expenses | $6.3M-9.2% | $6.9M-4.8% | $7.3M+4.0% | $7.0M-4.9% | $7.4M-3.8% | $7.7M+8.0% | $7.1M+3.2% | $6.9M |
| Operating Income | -$4.0M+48.7% | -$7.7M+23.7% | -$10.1M+45.1% | -$18.5M-83.4% | -$10.1M+22.0% | -$12.9M-38.2% | -$9.3M+4.7% | -$9.8M |
| Interest Expense | $568K-3.1% | $586K-0.7% | $590K+7.1% | $551K+1.3% | $544K-48.4% | $1.1M+3.2% | $1.0M+12.7% | $906K |
| Income Tax | $0 | $0 | $0-100.0% | $45K | $0 | $0-100.0% | $32K | $0 |
| Net Income | -$4.1M+52.1% | -$8.7M+20.4% | -$10.9M+46.6% | -$20.4M-107.8% | -$9.8M+47.4% | -$18.6M-64.4% | -$11.3M-7.2% | -$10.6M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
REKR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $81.0M+1.1% | $80.1M+0.3% | $79.8M-3.2% | $82.5M-15.7% | $97.9M-8.3% | $106.7M+15.8% | $92.2M+4.5% | $88.2M |
| Current Assets | $22.5M+5.1% | $21.4M+7.2% | $20.0M+0.1% | $19.9M+12.1% | $17.8M-30.4% | $25.6M+0.9% | $25.3M+27.6% | $19.9M |
| Cash & Equivalents | $3.2M-34.6% | $4.8M+25.4% | $3.9M-23.2% | $5.0M+62.3% | $3.1M-74.0% | $11.9M-22.8% | $15.4M+118.7% | $7.0M |
| Inventory | $3.9M-15.2% | $4.6M+9.2% | $4.2M-2.4% | $4.3M+18.5% | $3.6M-3.4% | $3.8M+22.8% | $3.1M-11.6% | $3.5M |
| Accounts Receivable | $12.3M+54.5% | $8.0M+5.2% | $7.6M+4.8% | $7.2M-19.8% | $9.0M+19.5% | $7.5M+52.2% | $5.0M-29.5% | $7.0M |
| Goodwill | $24.3M0.0% | $24.3M0.0% | $24.3M0.0% | $24.3M0.0% | $24.3M+2.5% | $23.7M+15.1% | $20.6M0.0% | $20.6M |
| Total Liabilities | $44.5M-0.4% | $44.7M-3.8% | $46.4M-3.9% | $48.3M-6.6% | $51.7M-3.9% | $53.8M-8.4% | $58.8M+31.9% | $44.6M |
| Current Liabilities | $15.5M+1.8% | $15.2M-9.8% | $16.9M-7.4% | $18.2M-13.9% | $21.2M+4.1% | $20.3M+17.9% | $17.2M+5.9% | $16.3M |
| Long-Term Debt | $15.0M+0.2% | $14.9M-6.1% | $15.9M+0.2% | $15.9M-5.2% | $16.8M+0.2% | $16.7M-35.8% | $26.0M+132.3% | $11.2M |
| Total Equity | $36.5M+3.1% | $35.4M+6.1% | $33.4M-2.3% | $34.1M-26.0% | $46.2M-12.7% | $52.9M+58.4% | $33.4M-23.4% | $43.6M |
| Retained Earnings | -$283.8M-1.5% | -$279.6M-3.2% | -$271.0M-4.2% | -$260.1M-14.5% | -$227.1M-529.5% | $52.9M+126.6% | -$198.7M-6.0% | -$187.4M |
REKR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.8M+36.7% | -$7.7M+5.2% | -$8.1M-64.3% | -$4.9M+51.0% | -$10.0M-27.3% | -$7.9M-43.1% | -$5.5M+26.2% | -$7.5M |
| Capital Expenditures | $1.4M+370.8% | $301K-13.8% | $349K-57.4% | $820K+133.6% | $351K+118.0% | $161K-63.7% | $444K-2.2% | $454K |
| Free Cash Flow | -$6.3M+21.3% | -$8.0M+5.6% | -$8.4M-46.9% | -$5.7M+44.8% | -$10.4M-29.1% | -$8.0M-35.1% | -$6.0M+24.8% | -$7.9M |
| Investing Cash Flow | -$1.4M-361.1% | -$293K+13.1% | -$337K+58.3% | -$809K-40.2% | -$577K+93.7% | -$9.1M-2328.2% | -$376K-133.5% | $1.1M |
| Financing Cash Flow | $4.4M-49.6% | $8.8M+19.1% | $7.4M+8304.5% | $88K-95.0% | $1.8M-87.0% | $13.6M-4.7% | $14.2M+30.4% | $10.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | N/A | N/A | $0 | $0-100.0% | $180K | $0-100.0% | $16K |
REKR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.4%+13.9pp | 49.5%+1.2pp | 48.2%-3.7pp | 51.9%-1.6pp | 53.5%+7.6pp | 46.0%-7.2pp | 53.2%+0.6pp | 52.6% |
| Operating Margin | -28.0%+34.6pp | -62.6%+47.6pp | -110.2%+28.9pp | -139.2%-58.1pp | -81.1%+51.0pp | -132.1%-47.6pp | -84.5%+23.0pp | -107.5% |
| Net Margin | -29.2%+40.8pp | -70.0%+48.2pp | -118.2%+35.1pp | -153.3%-74.5pp | -78.8%+111.5pp | -190.4%-88.0pp | -102.3%+13.5pp | -115.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -5.1%+5.7pp | -10.8%+2.8pp | -13.6%+11.0pp | -24.7%-14.7pp | -10.0%+7.4pp | -17.4%-5.2pp | -12.3%-0.3pp | -12.0% |
| Current Ratio | 1.45+0.0 | 1.40+0.2 | 1.18+0.1 | 1.09+0.3 | 0.84-0.4 | 1.26-0.2 | 1.47+0.3 | 1.22 |
| Debt-to-Equity | 0.41-0.0 | 0.42-0.1 | 0.48+0.0 | 0.47+0.1 | 0.36+0.0 | 0.32-0.5 | 0.78+0.5 | 0.26 |
| FCF Margin | -44.1%+20.2pp | -64.4%+27.3pp | -91.6%-48.4pp | -43.2%+40.4pp | -83.6%-1.3pp | -82.3%-28.5pp | -53.8%+33.0pp | -86.9% |
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Frequently Asked Questions
What is Rekor Systems Inc's annual revenue?
Rekor Systems Inc (REKR) reported $46.0M in total revenue for fiscal year 2024. This represents a 31.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Rekor Systems Inc's revenue growing?
Rekor Systems Inc (REKR) revenue grew by 31.8% year-over-year, from $34.9M to $46.0M in fiscal year 2024.
Is Rekor Systems Inc profitable?
No, Rekor Systems Inc (REKR) reported a net income of -$61.4M in fiscal year 2024, with a net profit margin of -133.4%.
What is Rekor Systems Inc's EBITDA?
Rekor Systems Inc (REKR) had EBITDA of -$44.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Rekor Systems Inc have?
As of fiscal year 2024, Rekor Systems Inc (REKR) had $5.0M in cash and equivalents against $15.9M in long-term debt.
What is Rekor Systems Inc's gross margin?
Rekor Systems Inc (REKR) had a gross margin of 49.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Rekor Systems Inc's operating margin?
Rekor Systems Inc (REKR) had an operating margin of -118.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Rekor Systems Inc's net profit margin?
Rekor Systems Inc (REKR) had a net profit margin of -133.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Rekor Systems Inc's free cash flow?
Rekor Systems Inc (REKR) generated -$34.2M in free cash flow during fiscal year 2024. This represents a -0.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Rekor Systems Inc's operating cash flow?
Rekor Systems Inc (REKR) generated -$32.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Rekor Systems Inc's total assets?
Rekor Systems Inc (REKR) had $82.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Rekor Systems Inc's capital expenditures?
Rekor Systems Inc (REKR) invested $1.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Rekor Systems Inc spend on research and development?
Rekor Systems Inc (REKR) invested $18.8M in research and development during fiscal year 2024.
Does Rekor Systems Inc buy back shares?
Yes, Rekor Systems Inc (REKR) spent $189K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Rekor Systems Inc have outstanding?
Rekor Systems Inc (REKR) had 105M shares outstanding as of fiscal year 2024.
What is Rekor Systems Inc's current ratio?
Rekor Systems Inc (REKR) had a current ratio of 1.09 as of fiscal year 2024, which is considered adequate.
What is Rekor Systems Inc's debt-to-equity ratio?
Rekor Systems Inc (REKR) had a debt-to-equity ratio of 0.47 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rekor Systems Inc's return on assets (ROA)?
Rekor Systems Inc (REKR) had a return on assets of -74.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Rekor Systems Inc's cash runway?
Based on fiscal year 2024 data, Rekor Systems Inc (REKR) had $5.0M in cash against an annual operating cash burn of $32.5M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Rekor Systems Inc's Piotroski F-Score?
Rekor Systems Inc (REKR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rekor Systems Inc's earnings high quality?
Rekor Systems Inc (REKR) has an earnings quality ratio of 0.53x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Rekor Systems Inc cover its interest payments?
Rekor Systems Inc (REKR) has an interest coverage ratio of -20.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Rekor Systems Inc?
Rekor Systems Inc (REKR) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.