The sequential revenue acceleration and margin expansion confirm the restructuring is gaining traction, but the 2% YoY top-line growth and GAAP EPS miss limit the upside. Watch for Q3 results to see if the H2 profitability target is met and if the Go-Secure.Video launch generates material revenue.
Price Chart
Executive Summary
Rekor Systems reported Q2 2026 revenue of $12.7M, up 2% YoY and 23% sequentially, with adjusted gross margin expanding to 56% and adjusted EBITDA loss narrowing 79% to $1.2M. The company reaffirmed its path to adjusted EBITDA profitability in H2 2026, but the GAAP net loss per share of ($0.00) was a miss vs the $-0.03 consensus, and the 2% YoY revenue growth is tepid for a $93M market cap company, limiting the bullish read-through from the operational improvements.
Key Financial Metrics
Key Facts
- Revenue of $12.7M, up 23% sequentially and 2% YoY
- Adjusted gross margin of 56%, up from 50% in Q2 2025
- Adjusted EBITDA loss of $1.2M, a 79% improvement from Q2 2025
- Recurring revenue increased 14% YoY to $6.7M
- Cash used in operating activities improved 61% YoY for the first six months of 2026
- Company reaffirms path to Adjusted EBITDA profitability in H2 2026
- GAAP net loss per share of ($0.00) vs consensus of ($0.03)
- Cash at quarter-end of $10.0M
Financial Impact
Revenue $12.7M, Adjusted EBITDA loss $1.2M, GAAP net loss $0.6M
Risk Factors
- Revenue growth remains modest at 2% YoY, limiting valuation re-rating
- GAAP net loss per share missed consensus estimates
- Cash burn continues, with $10M cash on hand vs $16.6M at year-end 2025
- Go-Secure.Video commercial partnerships are still in discussion with no guaranteed timing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-027481 |
| Document: 0001437749-26-027481-index-headers.html | 0001437749-26-027481 |
| Document: 0001437749-26-027481-index.html | 0001437749-26-027481 |
| Document: 0001437749-26-027481.txt | 0001437749-26-027481 |
| 8-K Data (Synthetic) | 0001437749-26-027481 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | Press Release | $0.3001 | awaiting T+20 | — | $0.2350 (+21.69%) |
Oct 19, 2026 8d ago | 8-K | $0.3000 | awaiting T+20 | — | $0.2350 (+21.67%) |
Oct 6, 2026 20d ago | DEFA14A | $0.3358 | awaiting T+20 | — | $0.2350 (−30.02%) |
Sep 30, 2026 27d ago | Press Release | $0.3691 | awaiting T+20 | — | $0.2350 (−36.33%) |
Sep 3, 2026 7w ago | Press Release | $0.5196 $0.3714 | ▼ −28.52% | ▼ −27.33% | $0.2350 (−54.77%) |
Aug 13, 2026 10w ago | 8-K | $0.7094 $0.4600 | ▼ −35.16% | ▼ −33.41% | $0.2350 (−66.87%) |
Aug 13, 2026 10w ago | Press Release | $0.7094 $0.4600 | ▼ −35.16% | ▼ −33.41% | $0.2350 (−66.87%) |
Jul 15, 2026 14w ago | 8-K | $0.6616 $0.6830 | ▲ +3.23% | ▲ +0.89% | $0.2350 (−64.48%) |
Jul 1, 2026 16w ago | Press Release | $0.7159 $0.6000 | ▼ −16.19% | ▼ −14.00% | $0.2350 (−67.17%) |
Jun 11, 2026 19w ago | Institutional Cluster | $0.7065 $0.6679 | ▼ −5.46% | ▼ −7.35% | $0.2350 (−66.74%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers