Rekor Systems Inc
rekor.aiWhat Do They Do?
Sells roadway sensors, software and data services that help government agencies and businesses monitor traffic, improve mobility and support public safety.
10-K for FY2025, filed Mar 31, 2026To implement this vision, we have developed a suite of interconnected AI-driven hardware and purpose-built software platforms. Powered by…View ↗
Rekor is working to towards transforming transportation and mobility data into actionable insights. Powered by advanced AI and fueled by…View ↗
By combining advanced technology, domain expertise, and implementation capacity, Rekor can offer end-to-end roadway intelligence solutions…View ↗
Our focus is on providing our innovative Software as a Service ("SaaS") model and Data-as-a-Service offerings with recurring annual…View ↗
How Do They Make Money?
Urban-mobility customers pay for roadway data through recurring pay-for-data contracts, alongside sensor or hardware sales and recurring software maintenance. Elsewhere, customers pay periodically for software and data access, upfront for perpetual licenses and hardware, as installation work is completed, or monthly based on collected compliance citations.
10-K for FY2025, filed Mar 31, 2026Urban mobility revenue consists of revenue derived from the Company's roadway data aggregation activities. These activities can include the…View ↗
Recurring revenues are generated through the Company’s Software-as-a-Service ("SaaS") model, where the Company provides customers with the…View ↗
In addition to recurring revenue from software sales, the Company recognizes point-in-time revenue related to the sale of perpetual…View ↗
The Company also generates revenue through the sale of hardware through its partner program and internal sales force distribution channels.…View ↗
Contactless compliance revenues reflect arrangements to provide hardware systems and services that identify uninsured motor vehicles…View ↗
$48.5M
-
10-K for FY2025, filed Mar 31, 2026
$48.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Recurring Revenue
Recurring
10-K for FY2025, filed Mar 31, 2026 |
49%
FY2022: 66%
|
Recurring Revenue, FY2025
$23.9M Sources
|
Recurring |
|
Urban Mobility
|
60%
FY2022: 39%
|
Urban Mobility, FY2025
$29.3M Sources
|
|
|
Product and Service, Other
|
51%
FY2022: 34%
|
Product and Service, Other, FY2025
$24.6M Sources
|
|
|
Traffic Management
|
3.6%
FY2022: 14%
|
Traffic Management, FY2025
$1.7M Sources
|
|
|
Public Safety
|
36%
FY2022: 47%
|
Public Safety, FY2025
$17.4M Sources
|
Who Are Their Customers?
State and local transportation agencies, cities and law-enforcement groups buy through direct sales or partners and resellers; businesses and individuals can also buy through Rekor’s online store.
10-K for FY2025, filed Mar 31, 2026We offer products and services through direct sales, an eCommerce platform, and partnerships. Our direct sales force is organized into…View ↗
We remain focused on increasing roadway intelligence engagement with national, state, and municipal DOTs, while maintaining focus on law…View ↗
Our eCommerce platform enables us to provide products and services to international customers without requiring large international sales…View ↗
10-K for FY2025, filed Mar 31, 2026
Customer A accounted for 10% of the consolidated revenue for the year ended December 31, 2025. No other single customer accounted for more…View ↗
Do Revenues Turn Into Profits?
No. It lost $31.5M in FY2025.
10-K for FY2025, filed Mar 31, 2026
−$28.9MView ↗
10-K for FY2025, filed Mar 31, 2026
−$31.5MView ↗
10-K for FY2025, filed Mar 31, 2026
−$22.9MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
−$551KView ↗
- ▼ −94% (Loss)
- vs −$8.7M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 13, 2026
Open tableView ↗
-
May 1, 2026
Nasdaq notified Rekor of a minimum bid-price deficiency
Trading continued, and Rekor had until October 26, 2026 to regain compliance; a reverse split was among the options.
Sources
8-K, filed May 1, 2026
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until…View ↗
Growing. Revenue grew 4.2x in 4 years, from $11.6M in FY2021 to $48.5M in FY2025, about 43% a year.
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