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Rekor Systems (REKR) investor relations material
Rekor Systems Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Achieved record Q3 2025 revenue of $14.2 million, up 35% year-over-year, and year-to-date revenue of $35.8 million, with improved profitability and cost containment.
Adjusted gross margin reached 63.4% for Q3 2025, up from 44% in Q3 2024, reflecting a favorable product mix and operational leverage.
Adjusted EBITDA loss for Q3 2025 improved to $1.5 million, the best in company history.
Net loss narrowed to $4.1 million for Q3 2025 from $12.6 million in Q3 2024; nine-month net loss improved to $23.7 million from $41.1 million.
Leadership transition: Eyal Hen steps down as CFO, succeeded by Joe Nalepa, ensuring continuity and stability.
Financial highlights
Q3 2025 revenue was $14.2 million, up 35% year-over-year; nine-month revenue was $35.8 million, up 9%.
Recurring revenue for Q3 2025 was $6.5 million, up 18% year-over-year; year-to-date recurring revenue was $17.5 million, up 5%.
Adjusted gross margin for Q3 2025 was 63.4%, up from 44% in Q3 2024; year-to-date margin was 55%.
Adjusted EBITDA loss for Q3 2025 was $(1.5) million, improved from $(9.4) million in Q3 2024; year-to-date adjusted EBITDA loss improved by $10.8 million to $14.5 million.
Cash and cash equivalents as of September 30, 2025, were $3.2 million, with working capital of $7.0 million.
Outlook and guidance
Margins expected to stabilize at higher levels as software and Data-as-a-Service become a larger revenue share.
Anticipates continued growth driven by strong sales pipeline, active deployments, and new long-term contracts.
Full ramp-up of the Georgia contract expected in Q4 2025, with billing underway.
International expansion targeted for 2026, with active engagement in Europe.
Substantial doubt exists regarding the ability to continue as a going concern over the next twelve months without additional capital; management is actively exploring financing options.
Outline specific contingency plans for liquidity.
What is the financial exposure from the HCW lawsuit?
What drives future Adjusted Gross Margin improvement?
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Next Rekor Systems earnings date
Q4 202531 Mar, 2026
Next Rekor Systems earnings date
Q4 202531 Mar, 2026
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Frequently asked questions
Rekor Systems Inc provides intelligent infrastructure solutions using machine learning, artificial intelligence, and big data analytics. Its products include vehicle recognition systems, traffic management platforms, and public safety solutions. The company is headquartered in Columbia, Maryland, and its shares are listed on the NASDAQ.
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