Rekor Systems, Inc.
Business
Rekor Systems is a roadway intelligence company that develops AI-driven hardware and software platforms to collect, organize, and analyze mobility data for public safety, urban mobility, and transportation management. The company offers integrated solutions including Rekor Command® for traffic operations, Rekor Discover® for planning and analytics, and Rekor Scout® for law enforcement and vehicle recognition, along with supporting hardware devices and professional services. Rekor serves government agencies, departments of transportation, law enforcement, and commercial customers across 70 countries through direct sales, partnerships, and an eCommerce platform.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 48 | 46 | 35 | 20 | 12 | |
| Cost of revenue, excluding depreciation and amortization | 21 | 23 | 16 | 11 | 5 | |
| General and administrative expenses | 25 | 31 | 27 | 27 | 23 | |
| Selling and marketing expenses | 6 | 8 | 7 | 8 | 4 | |
| Research and development expenses | 15 | 19 | 18 | 19 | 8 | |
| Asset Impairment Charges | 4 | 10 | — | — | — | |
| Depreciation and amortization | 6 | 9 | 8 | 6 | 3 | |
| Total operating expenses | 56 | 77 | 61 | 95 | 39 | |
| Loss from operations | −29 | −54 | −42 | −86 | −32 | |
| Interest expense, net | −2 | −3 | −4 | — | — | |
| (Loss) gain on remeasurement of ATD Holdback Shares | −120,000 | 599,000 | 0 | — | — | |
| Loss on offering costs - Prepaid Advance | 0 | −888,000 | — | — | — | |
| Gain on the sale of Global Public Safety | 0 | 2 | 0 | — | — | |
| Other expense, net | −115,000 | −15,000 | −468,000 | −1 | −90,000 | |
| Total other expense, net | −3 | −7 | −4 | 1 | 769,000 | |
| Loss before income taxes | −31 | −61 | −46 | −84 | — | |
| Provision for income taxes | 42,000 | 45,000 | 32,000 | 987,000 | 4 | |
| Net loss | −31 | −61 | −46 | −83 | −27 | |
| Loss per common share - basic and diluted (in dollars per share) | −0.26 | −0.71 | −0.72 | −1.67 | −0.66 | |
| Basic and diluted (in shares) | 120 | 87 | 63 | 50 | 41 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 17 | 5 | 15 | 2 | 26 | |
| Restricted cash | 297,000 | 316,000 | 328,000 | — | — | |
| Accounts receivable, net | 9 | 7 | 5 | 3 | 953,000 | |
| Inventory | 3 | 4 | 3 | 2 | 1 | |
| Note receivable, current portion | 198,000 | 340,000 | 340,000 | 340,000 | 340,000 | |
| Other current assets | 2 | 3 | 1 | 1 | 1 | |
| Total current assets | 31 | 20 | 25 | 9 | 31 | |
| Property and equipment, net | 9 | 11 | 13 | 17 | 10 | |
| Right-of-use operating lease assets, net | 5 | 9 | 10 | 10 | 6 | |
| Right-of-use financing lease assets, net | 2 | 2 | 2 | 0 | — | |
| Goodwill | 24 | 24 | 21 | 21 | 53 | |
| Intangible assets, net | 13 | 14 | 17 | 21 | 21 | |
| Note receivable, long-term | 0 | 142,000 | 482,000 | 822,000 | 1 | |
| Deposits | 2 | 927,000 | 4 | 3 | 2 | |
| Total long-term assets | 55 | 63 | 67 | 75 | 95 | |
| Total assets | 85 | 82 | 92 | 84 | 126 | |
| Accounts payable and accrued expenses | 4 | 4 | 5 | 6 | 7 | |
| Notes payable, current portion | 0 | 1 | 1 | 1 | 998,000 | |
| Loans payable, current portion | 83,000 | 79,000 | 75,000 | 106,000 | 37,000 | |
| Lease liability operating, short-term | 3 | 2 | 1 | 1 | 214,000 | |
| Lease liability financing, short-term | 787,000 | 900,000 | 547,000 | 0 | — | |
| Contract liabilities | 5 | 3 | 4 | 3 | 2 | |
| Liability for ATD Holdback Shares | 0 | 1 | 0 | — | — | |
| Other current liabilities | 2 | 5 | 6 | 3 | 2 | |
| Total current liabilities | 29 | 18 | 17 | 15 | 14 | |
| Loans payable, long-term | 112,000 | 194,000 | 273,000 | 349,000 | 37,000 | |
| Lease liability operating, long-term | 11 | 12 | 13 | 14 | 10 | |
| Lease liability financing, long-term | 665,000 | 977,000 | 1 | 0 | — | |
| Contract liabilities, long-term | 1 | 1 | 1 | 1 | 835,000 | |
| Deferred tax liability | 93,000 | 79,000 | 65,000 | 52,000 | 38,000 | |
| Other long-term liabilities | 587,000 | 587,000 | 587,000 | 1 | 0 | |
| Total long-term liabilities | 13 | 30 | 42 | 19 | 11 | |
| Total liabilities | 43 | 48 | 59 | 35 | 25 | |
| Commitments and contingencies (Note 12) | — | — | — | — | — | |
| Preferred stock, $0.0001 par value, 2,000,000 authorized, 505,000 shares designated as Series A and 240,861 shares designated as Series B as of December 31, 2025 and December 31, 2024, respectively. No preferred stock was issued or outstanding as of December 31, 2025 or 2024, respectively. | 0 | 0 | 0 | 0 | — | |
| Common stock, $0.0001 par value; authorized; 300,000,000 shares; issued: 136,791,826 shares at December 31, 2025 and 104,700,593 at December 31, 2024; outstanding: 136,477,697 shares at December 31, 2025 and 104,541,073 at December 31, 2024 | 13,000 | 10,000 | 7,000 | 5,000 | 4,000 | |
| Treasury stock - at cost, 314,129 and 159,520 shares as of December 31, 2025 and 2024, respectively | −900,000 | −711,000 | −522,000 | −417,000 | — | |
| Additional paid-in capital | 335 | 295 | 233 | 203 | 171 | |
| Accumulated deficit | −292 | −260 | −199 | −153 | −70 | |
| Total stockholders equity | 43 | 34 | 33 | 49 | 101 | |
| Total liabilities and stockholders equity | 85 | 82 | 92 | 84 | 126 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Bad debt expense | 132,000 | 686,000 | 160,000 | 86,000 | 51,000 | |
| Depreciation | 4 | 4 | 4 | 2 | 626,000 | |
| Amortization of right-of-use financing lease asset | 1 | 939,000 | 317,000 | 0 | — | |
| Non-cash operating lease expense | 980,000 | 1 | 727,000 | 362,000 | 290,000 | |
| Provision for deferred income taxes | 14,000 | 14,000 | 13,000 | −987,000 | — | |
| Share-based compensation | 3 | 5 | 4 | 7 | 4 | |
| Amortization of debt discount | 198,000 | 541,000 | 2 | 2,000 | 20,000 | |
| Amortization of intangible assets | 1 | 5 | 4 | 4 | 2 | |
| Adjustment to inventory to net realizable value | 0 | 120,000 | — | — | — | |
| (Gain) loss due to the remeasurement of the STS Earnout and Contingent Consideration, net | −2 | 100,000 | 384,000 | — | — | |
| Loss (gain) on remeasurement of ATD Holdback Shares | 120,000 | −599,000 | 0 | — | — | |
| Gain on sale of property and equipment | −9,000 | −27,000 | −28,000 | 0 | — | |
| Accounts receivable | −2 | 220,000 | −2 | 729,000 | 299,000 | |
| Inventory | 1 | 1 | −687,000 | 209,000 | 65,000 | |
| Other current assets and deposits | −288,000 | 522,000 | 144,000 | 331,000 | −755,000 | |
| Accounts payable, accrued expenses and other current liabilities | −1 | −2 | 2 | −2 | 5 | |
| Contract liabilities | 1 | −316,000 | 1 | 587,000 | 1 | |
| Lease liabilities | −443,000 | −876,000 | −1 | 239,000 | −10,000 | |
| Net cash used in operating activities | −20 | −32 | −33 | −40 | −18 | |
| Capital expenditures | −3 | −2 | −1 | −3 | −4 | |
| Proceeds from the sale of property and equipment | 75,000 | 34,000 | 177,000 | 0 | — | |
| Proceeds from notes receivable | 284,000 | 340,000 | 340,000 | 198,000 | 340,000 | |
| Proceeds from the sale of Global Public Safety | 0 | 2 | 0 | — | — | |
| Cash paid for ATD acquisition, net | 0 | −9 | 0 | −6 | 0 | |
| Net cash used in investing activities | −2 | −9 | 270,000 | −8 | −47 | |
| Repayment of STS Notes | −1 | −1 | 0 | — | — | |
| Proceeds from the public offering | 0 | 26 | 0 | 0 | 70 | |
| Net proceeds from the Prepaid Advance Agreement | 0 | 14 | 0 | — | — | |
| Net proceeds from exercise of options | 73,000 | 266,000 | 158,000 | 93,000 | 464,000 | |
| Net proceeds from exercise of warrants | 0 | 5 | — | 0 | 307,000 | |
| Payments related to financing leases | −969,000 | −994,000 | −702,000 | 0 | — | |
| Repayments of loans payable | −78,000 | −75,000 | −107,000 | 0 | 0 | |
| Repurchases of common stock | −189,000 | −189,000 | −105,000 | −98,000 | −319,000 | |
| Repayment of 2023 Promissory Notes | 0 | −13 | 0 | — | — | |
| Net cash provided by financing activities | 34 | 31 | 46 | 24 | 71 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 12 | −10 | 13 | −24 | 6 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Rekor Systems, Inc.'s CIK number?
Rekor Systems, Inc.'s SEC CIK number is 0001697851 (1697851). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Rekor Systems, Inc.'s SEC filings?
All of Rekor Systems, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Rekor Systems, Inc. last report earnings?
Rekor Systems, Inc. (REKR) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-016113). This is Rekor Systems, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Rekor Systems, Inc.'s most recent earnings 8-K?
Rekor Systems, Inc.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001437749-26-016113. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Rekor Systems, Inc.'s latest earnings 8-K →
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