Rekor Systems, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $48.5M | $46.0M | $34.9M | $19.9M | $11.6M |
| Research and development | $14.6M | $18.8M | $18.3M | $18.6M | $8.3M |
| Operating expenses | $56.0M | $77.0M | $60.5M | $94.8M | $38.9M |
| Operating income | -$28.9M | -$54.3M | -$42.1M | -$85.8M | -$31.8M |
| Interest expense | $2.3M | $2.6M | $3.6M | $21,000 | $27,000 |
| Pretax income | -$31.4M | -$61.4M | -$45.7M | -$84.4M | -$31.1M |
| Income tax expense | $42,000 | $45,000 | $32,000 | -$987,000 | -$3.8M |
| Net income | -$31.5M | -$61.4M | -$45.7M | -$83.1M | -$26.8M |
| Balance Sheet | |||||
| Cash and equivalents | $16.6M | $5.0M | $15.4M | $1.9M | $25.8M |
| Current assets | $30.7M | $19.9M | $25.3M | $9.3M | $30.7M |
| Total assets | $85.4M | $82.5M | $92.2M | $83.8M | $125.9M |
| Current liabilities | $29.1M | $18.2M | $17.2M | $15.4M | $13.8M |
| Total liabilities | $42.5M | $48.3M | $58.8M | $34.5M | $24.8M |
| Total debt | $15.2M | $16.3M | $29.8M | $4.5M | $1.1M |
| Stockholders' equity | $42.9M | $34.1M | $33.4M | $49.3M | $101.1M |
| Cash Flow Statement | |||||
| Cash from operations | -$20.4M | -$32.5M | -$32.6M | -$39.6M | -$18.0M |
| Depreciation and amortization | $6.3M | $9.5M | $7.9M | $6.4M | $3.1M |
| Stock-based compensation | $2.9M | $4.8M | $4.4M | $6.6M | $3.9M |
| Capital expenditure | $2.5M | $1.7M | $1.4M | $3.0M | $4.4M |
| Free cash flow | -$22.9M | -$34.2M | -$34.0M | -$42.6M | -$22.4M |
| Share repurchases | $189,000 | $189,000 | $105,000 | $98,000 | $319,000 |
| Impairments | $3.8M | $10.2M | $0 | $34.8M | $0 |
Shares outstanding 137.6M · Free float 69.5%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.