Duos Technologies Group, Inc.
DUOT Technology Software Application
Duos Technologies Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $27.0 million, up 271.2% from fiscal 2024. In the quarter to June 2026, revenue grew 29.5%, EPS grew 626.7% and free cash flow grew 354.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow DUOT
Duos Technologies Group, Inc. (DUOT) Beneish M-score
Duos Technologies Group, Inc.'s Beneish M-score for fiscal 2025 is 3.12; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
Embed this chart
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | 3.12 | 6.45 |
| FY2024 | −3.33 | 0.20 |
| FY2023 | −3.53 | (1.81) |
| FY2022 | −1.72 | (5.02) |
| FY2021 | 3.30 | 0.49 |
| FY2020 | 2.81 | 3.31 |
| FY2019 | −0.50 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 4.05 | — | 3.73 | |
| Gross margin index | 0.22 | — | 0.12 | |
| Asset quality index | 0.29 | — | 0.12 | |
| Sales growth index | 3.71 | — | 3.31 | |
| Depreciation index | 5.10 | — | 0.59 | |
| SG&A index | 0.46 | — | −0.08 | |
| Total accruals to total assets | 0.06 | — | 0.29 | |
| Leverage index | 0.34 | — | −0.11 | |
| Beneish M-score | Flagged by the model | 3.12 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| MRT MARTI TECH INC compare | −5.3× |
| DMRC Digimarc Corporation compare | −4.2× |
| HUCK Huckleberry.ai, Inc. compare | −3.6× |
| DHX DHI Group, Inc. compare | −3.5× |
| ASUR Asure Software, Inc. compare | −2.9× |
| PERF Perfect Corp. compare | −0.6× |
| LAIX LAIX Inc. Sponsored ADR compare | 2.7× |
| DUOT Duos Technologies Group, Inc. | 3.1× |
| TONX TON Strategy Company compare | 7.5× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI