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Duos Technologies Group Inc

ir.duostechnologies.com

What Do They Do?

Provides asset-management and energy consulting services, and develops modular edge data centers and sources and deploys equipment for enterprise, public-sector and data-center customers.

How Do They Make Money?

The largest stream is related-party service work under the AMA, including installation and maintenance delivered across its term. Consulting fees are earned when work is completed; optional maintenance and hosting bring in fees over their contract terms.

revenue
SegmentShareRevenue
Technology Service
1.4%
Technology Solutions
1.3%
Services and consulting
14%
Services and consulting - related parties
Recurring

83%
Hosting Revenue
Recurring
0.2%

Who Are Their Customers?

Edge data center hosting serves enterprise and government clients in rural and underserved markets; deployments target education, healthcare, service providers, enterprise, and public-sector organizations. The company also seeks partnerships with technology providers and infrastructure partners.

Customers above 10% of revenue, FY2025
of revenue from two customers (69%, 13%)
FY2024: 90% from four customers

Do Revenues Turn Into Profits?

No. It lost $9.8M in FY2025.

Operating income, FY2025
−36% of revenue
▼ −11% (Loss) vs FY2024 (−$11M, −151%)
Net income, FY2025
−36% of revenue
▼ −9% (Loss) vs FY2024 (−$10.8M, −148%)
Free cash flow, FY2025
−138% of revenue
▲ +603% (Loss) vs FY2024 (−$5.3M, −73%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +30%
vs $4.8M in Q2 FY2025
Net income
▲ Now profitable
vs −$3.5M in Q2 FY2025
Services and consulting - related parties share of revenue vs 99.8% in Q2 FY2025
  • Aug 26, 2026 Appoints Christopher DeAlmeida as chief financial officer He succeeds interim CFO Adrian Goldfarb.
  • Aug 17, 2026 Signs five-year hosting orders with Axe Compute The orders cover 55 megawatts of facility capacity and over $500 million in base payments over their initial terms, subject to acceptance.
  • Aug 11, 2026 Sells its legacy rail technology business Duos Technologies, Inc. ceased to be a subsidiary, completing the company's exit from rail technology.

Growing. Revenue grew 3.3x in 4 years, from $8.3M in FY2021 to $27M in FY2025, about 34% a year.

Focus moves to edge data centers The earlier report centers on automated inspection of moving railcars and vehicle logistics; the latest describes a strategy centered on modular edge data centers and distributed computing, with legacy inspection systems no longer the growth focus.

Adds infrastructure supply services The latest report adds equipment sourcing, logistics, and fulfillment for data center projects alongside owned infrastructure deployments.

Revenue over time
Technology Service Technology Solutions Services and consulting Services and consulting - related parties Hosting Revenue Service, Other
$50M$25M$0

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