Saturday 7 November 2026
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Rekor Systems, Inc.
REKR Technology Software Application
Rekor Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $48.5 million, up 5.26% from fiscal 2024.
- Revenue
- +2.45%
- EPS
- +94.3%
- Free cash flow
- +70.0%
- Total debt
- +0.74%
Quarter to June 2026, against a year earlier
0.34
0.02
+6.25%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 12 | 22 | 20 | 5 | 9 | 12 | 20 | 35 | 46 | 48 | 50 | +16.6% | 51 | 60 | — | +10.9% | |
| Gross margin, % | 42.62 | 37.69 | 50.24 | 69.79 | 61.90 | 60.70 | 45.33 | 52.77 | 49.28 | 55.87 | 58.24 | +13.2 pt | ||||||
| EBT | 0 | (5) | (6) | (12) | (14) | (31) | (84) | (46) | (61) | (31) | (22) | +70.4% | ||||||
| EBT margin, % | (2.14) | (24.10) | (28.32) | (225.96) | (150.95) | (268.38) | (423.90) | (130.69) | (133.32) | (64.85) | (43.76) | (62.7) pt | ||||||
| Net income | 0 | (5) | (6) | (12) | (14) | (27) | (83) | (46) | (61) | (31) | (22) | +110.4% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 1.58 | 1.88 | 1.30 | 0.27 | 0.38 | 0.28 | 0.40 | 0.55 | 0.53 | 0.40 | 0.36 | (14.0%) | |||||
| Earnings | (0.01) | (0.51) | (0.37) | (0.72) | (0.64) | (0.65) | (1.67) | (0.72) | (0.71) | (0.26) | (0.16) | +54.8% | ||||||
| Cash flow | (0.02) | (0.27) | (0.13) | (1.06) | (0.62) | (0.44) | (0.80) | (0.52) | (0.37) | (0.17) | (0.08) | +28.6% | ||||||
| Capex | 0.00 | (0.02) | (0.07) | (0.04) | (0.04) | (0.15) | (0.08) | (0.02) | (0.02) | (0.02) | (0.02) | +17.5% | ||||||
| Free cash flow | (0.02) | (0.29) | (0.20) | (1.10) | (0.67) | (0.59) | (0.88) | (0.54) | (0.39) | (0.19) | (0.09) | +26.8% | ||||||
| Book value | 0.50 | 0.93 | 0.55 | (0.16) | 1.32 | 2.46 | 0.99 | 0.53 | 0.39 | 0.36 | 0.25 | (3.6%) | ||||||
| Shares, m | 8 | 12 | 15 | 20 | 24 | 41 | 50 | 63 | 87 | 120 | 130 | +35.7% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | 0.00 | 2.53 | 0.50 | 13.99 | 21.14 | 23.29 | 3.70 | 5.68 | 2.94 | 3.41 | 0.94 | 7.7 | ||||||
| P/B | 0.00 | 8.59 | 2.90 | 0.00 | 7.75 | 2.67 | 1.49 | 5.94 | 3.96 | 3.85 | 1.37 | 3.7 | ||||||
| EV/Sales | 0.00 | 2.67 | 0.44 | 17.85 | 19.08 | 21.04 | 3.71 | 5.94 | 3.15 | 3.37 | 1.04 | 7.7 | ||||||
| EV/FCF | (12.85) | (17.07) | (2.87) | (4.41) | (10.94) | (10.04) | (1.69) | (6.14) | (4.25) | (7.15) | (3.99) | (7.7) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 0 | (3) | (2) | (21) | (15) | (18) | (40) | (33) | (32) | (20) | (11) | +74.5% | |||||
| Capex | 0 | 0 | (1) | (1) | (1) | (6) | (4) | (1) | (2) | (2) | (2) | +59.5% | ||||||
| Free cash flow | 0 | (3) | (3) | (22) | (16) | (24) | (44) | (34) | (34) | (23) | (13) | +72.0% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 4 | 3 | 0 | 0 | 18 | 17 | (6) | 8 | 2 | 2 | (7) | (8.7%) | |||||
| Net debt | (2) | 3 | (1) | 19 | (19) | (26) | 0 | 9 | 10 | (2) | 5 | (2.4%) | ||||||
| Shareholders’ equity | 4 | 11 | 9 | (3) | 32 | 101 | 49 | 33 | 34 | 43 | 34 | +30.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (0.34) | (45.66) | (29.51) | (67.52) | (40.87) | (32.21) | (79.26) | (51.92) | (70.33) | (37.48) | (28.29) | (37.1) pt | |||||
| ROIC | (3.95) | (20.68) | (44.04) | (29.82) | (57.77) | (26.54) | (108.06) | (61.68) | (77.71) | (44.03) | (31.31) | (40.1) pt | ||||||
| ROE | (1.57) | (147.79) | (114.45) | 569.42 | (175.56) | (42.42) | (110.51) | (110.47) | (181.93) | (81.70) | (62.82) | (80.1) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 118 | 120 | 505 | 472 | 109 | 250 | 268 | 351 | 323 | 234 | — | +7.9% | |||||
| Revenue/emp, $m | 0.10 | 0.18 | 0.04 | 0.01 | 0.08 | 0.05 | 0.07 | 0.10 | 0.14 | 0.21 | — | +8.1% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
Rekor Systems, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AMOD Alpha Modus Holdings, Inc. | $59.5M | — (loss-making) | — | — | n/m | −72.95% (below 0%: shrinking) | — | 0.00% | Compare |
| THRY Thryv Holdings, Inc. | $52.9M | — (loss-making) | — (loss-making) | −28.39% (below 0%: shrinking) | n/m | −23.41% (below 0%: shrinking) | 62.74% | (0.76%) | Compare |
| MAPS WM Technology, Inc. | $51.9M | 14.0× | 4.7× | −5.35% (below 0%: shrinking) | +100.00% (above 0%: growing) | −57.80% (below 0%: shrinking) | 94.05% | 5.54% | Compare |
| SCOR comScore, Inc. | $49.8M | 1.0× | — (loss-making) | −14.34% (below 0%: shrinking) | n/m | −315.77% (below 0%: shrinking) | 37.86% | (87.66%) | Compare |
| ADBT Advasa Holdings, Inc. | $49.1M | — | — | — | — | — | 82.20% | 76.50% | Compare |
| REKR Rekor Systems, Inc. | $44.3M | — (loss-making) | — (loss-making) | +2.45% (above 0%: growing) | n/m | +69.97% (above 0%: growing) | 56.16% | 1.75% | |
| IDN Intellicheck Mobilisa, Inc. | $40.7M | 13.1× | 31.4× | +15.97% (above 0%: growing) | n/m | −42.41% (below 0%: shrinking) | 91.30% | 9.64% | Compare |
| FRMM Forum Markets, Incorporated | $40.1M | — (loss-making) | — (loss-making) | — | n/m | +7,830.88% (above 0%: growing) | 29.16% | (728.35%) | Compare |
| PHUN Phunware | $35.8M | — (loss-making) | — (loss-making) | +75.60% (above 0%: growing) | n/m | −65.76% (below 0%: shrinking) | 68.96% | (757.07%) | Compare |
| Median of peers | $49.4M | 13.1× | — | −5.35% | — | −57.80% | 68.96% | (0.38%) |
Pay and ownership Proxy statement filed 1 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 115.51k | (83.09k) | 115.00 |
| 2024 | 1.33m | 1.50m | 130.00 |
| 2023 | 405.83k | 405.83k | 277.50 |
Ownership
Directors and executive officers, together
3.20%
Armistice Capital, LLC
10.30%
Arctis Global, LLC
7.30%
Anson Management GP LLC
5.50%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement