The company's financial flexibility is constrained by a debt-to-equity ratio of 0.85 and a reliance on $24.3M in goodwill, which accounts for approximately 31% of total assets.
| Total Current Assets | 25.73M | 30.73M | 19.93M | 25.34M | 9.28M | 30.68M | 24.12M | 10.23M | 8.53M | 10.98M | 4.87M | 2.38M | 2.36M |
| Cash & Short-Term Investments | 12.6M | 16.57M | 5.01M | 15.71M | 1.92M | 25.8M | 20.59M | 1.18M | 2.77M | 1.96M | 2.79M | 567.87K | 632.31K |
| Cash Only | 12.6M | 16.57M | 5.01M | 15.38M | 1.92M | 25.8M | 20.59M | 1.18M | 2.77M | 1.96M | 2.79M | 567.87K | 632.31K |
| Short-Term Investments | 0 | 0 | 0 | 328K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 7.76M | 8.97M | 7.57M | 5.29M | 3.58M | 1.17M | 1.38M | 776K | 2.98M | 8.18M | 2M | 1.73M | 1.63M |
| Days Sales Outstanding | 69.28 | 67.56 | 60.05 | 55.33 | 65.56 | 36.99 | 54.47 | 51.79 | 22.37 | 134.92 | 60.12 | 65.51 | 51.55 |
| Inventory | 2.94M | 3.07M | 4.3M | 3.06M | 1.99M | 1.19M | 1.26M | 302K | 72.7K | 155.72K | 0 | 0 | 0 |
| Days Inventory Outstanding | 57.53 | 52.45 | 67.19 | 67.65 | 66.56 | 95.8 | 131.14 | 66.73 | 0.76 | 4.12 | 0 | - | - |
| Other Current Assets | 2.43M | 2.12M | 3.05M | 1.27M | 1.79M | 2.52M | 883K | 7.97M | 3.41M | 687.97K | 81.01K | 73.75K | 39.34K |
| Total Non-Current Assets | 52.77M | 54.66M | 65.5M | 66.81M | 74.56M | 95.2M | 16.28M | 18.76M | 9.52M | 9.62M | 615.3K | 173.39K | 186.31K |
| Property, Plant & Equipment | 13.87M | 14.98M | 22.71M | 24.76M | 26.39M | 16.09M | 1.47M | 1.26M | 1.47M | 648.34K | 119.07K | 134.11K | 147.03K |
| Fixed Asset Turnover | 2.90x | 3.23x | 2.03x | 1.41x | 0.75x | 0.72x | 6.27x | 4.32x | 33.10x | 34.14x | 101.86x | 72.05x | 78.35x |
| Goodwill | 24.31M | 24.31M | 24.31M | 20.59M | 20.59M | 53.45M | 6.34M | 6.34M | 3.09M | 3.09M | 0 | 0 | 0 |
| Intangible Assets | 12.95M | 13.25M | 14.45M | 17.24M | 21.3M | 21.41M | 7.04M | 8.24M | 4.83M | 5.47M | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 142K | 154K | 2M | 1.25M | 75K | -558K | 0 | 262.14K | 0 | 0 | 0 |
| Other Non-Current Assets | 1.64M | 2.11M | 3.89M | 4.07M | -649K | 1.98M | 1.25M | 2.92M | 130.49K | 143.58K | 276.25K | 39.28K | 39.28K |
| Total Assets | 78.5M | 85.39M | 82.47M | 92.15M | 83.84M | 125.88M | 40.4M | 28.99M | 18.06M | 20.6M | 5.48M | 2.55M | 2.54M |
| Asset Turnover | 0.61x | 0.57x | 0.56x | 0.38x | 0.24x | 0.09x | 0.23x | 0.19x | 2.69x | 1.07x | 2.21x | 3.79x | 4.53x |
| Asset Growth % | -36.27% | 3.53% | -10.5% | 9.91% | -33.4% | 211.57% | 39.36% | 60.57% | -12.35% | 275.7% | 115.09% | 0.25% | - |
| Total Current Liabilities | 29.46M | 29.09M | 18.22M | 17.24M | 15.44M | 13.82M | 5.92M | 10.33M | 8.57M | 8.23M | 1.15M | 966.61K | 1.11M |
| Accounts Payable | 5.87M | 4.36M | 4.33M | 5.14M | 5.96M | 7.09M | 1.36M | 3.68M | 1.59M | 1.39M | 577.27K | 419.48K | 378.75K |
| Days Payables Outstanding | 71.87 | 74.47 | 67.7 | 113.69 | 199.86 | 568.64 | 141.1 | 812.63 | 16.73 | 36.81 | 30.28 | 27.86 | 20.89 |
| Short-Term Debt | 16.74M | 14.89M | 1.08M | 1.07M | 2.11M | 1.26M | 517K | 2.2M | 3.04M | 3.66M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 16.95M | 4.6M | 3.44M | 3.6M | 3.04M | 2.44M | 1.13M | 749K | 207.06K | 117.64K | 0 | 0 | 0 |
| Other Current Liabilities | 2.35M | 386K | 3.49M | 2.79M | 779K | 2.82M | 2.66M | 3.56M | 2.33M | 0 | 0 | 0 | 4.24K |
| Current Ratio | 0.87x | 1.06x | 1.09x | 1.47x | 0.60x | 2.22x | 4.08x | 0.99x | 0.99x | 1.33x | 4.22x | 2.46x | 2.11x |
| Quick Ratio | 0.77x | 0.95x | 0.86x | 1.29x | 0.47x | 2.13x | 3.86x | 0.96x | 0.99x | 1.32x | 4.22x | 2.46x | 2.11x |
| Cash Conversion Cycle | 54.94 | 45.54 | 59.53 | 9.29 | -67.74 | -435.85 | 44.51 | -694.12 | 6.4 | 102.23 | 29.85 | - | - |
| Total Non-Current Liabilities | 14.58M | 13.43M | 30.11M | 41.55M | 19.06M | 10.97M | 2.62M | 21.89M | 973.21K | 1.46M | 514K | 52.38K | 0 |
| Long-Term Debt | 89K | 112K | 14.8M | 24.94M | 2.35M | 37K | 1.45M | 20.41M | 875K | 1.41M | 457.29K | 0 | 0 |
| Capital Lease Obligations | 48.35M | 11.23M | 13.35M | 14.5M | 14.24M | 10.03M | 188K | 161K | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 344K | 93K | 79K | 65K | 52K | 38K | 24K | 10K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 587K | 587K | 587K | 587K | 1.42M | 34K | 5K | 536K | 98K | 53.22K | 56.71K | 52.38K | 0 |
| Total Liabilities | 44.03M | 42.52M | 48.33M | 58.78M | 34.5M | 24.79M | 8.54M | 32.22M | 9.55M | 9.69M | 1.67M | 966.61K | 1.11M |
| Total Debt | 29.42M | 29.74M | 32.44M | 42.33M | 19.76M | 11.54M | 2.41M | 22.91M | 5.1M | 5.07M | 457.29K | 0 | 0 |
| Net Debt | 16.82M | 13.17M | 27.42M | 26.94M | 17.84M | -14.25M | -18.19M | 21.73M | 2.33M | 3.11M | -2.33M | -567.87K | -632.31K |
| Debt / Equity | 0.85x | 0.69x | 0.95x | 1.27x | 0.40x | 0.11x | 0.08x | - | 0.60x | 0.46x | 0.12x | - | - |
| Debt / EBITDA | -1.67x | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.95x | - | - | - | - | - | - | - | - | - | - | -1.29x | -3.25x |
| Interest Coverage | -12.63x | -13.16x | -19.57x | -12.09x | -1171.82x | -348.27x | -4.83x | -2.44x | -10.54x | -23.99x | -0.57x | - | 7174.63x |
| Total Equity | 34.47M | 42.87M | 34.14M | 33.37M | 49.34M | 101.09M | 31.86M | -3.23M | 8.51M | 10.91M | 3.82M | 1.53M | 1.43M |
| Equity Growth % | -3.96% | 25.57% | 2.31% | -32.36% | -51.19% | 217.28% | 1086.07% | -137.98% | -22% | 185.8% | 149.42% | 7.12% | - |
| Book Value per Share | 0.25 | 0.36 | 0.39 | 0.53 | 0.99 | 2.46 | 1.32 | -0.16 | 0.55 | 0.93 | 0.27 | 0.11 | 0.10 |
| Total Shareholders' Equity | 34.47M | 42.87M | 34.14M | 33.37M | 49.34M | 101.09M | 31.86M | -3.23M | 8.51M | 10.91M | 3.82M | 1.53M | 1.43M |
| Common Stock | 13K | 13K | 10K | 7K | 5K | 4K | 3K | 2K | 1.88K | 1.45K | 500 | 0 | 0 |
| Retained Earnings | -300.91M | -291.55M | -260.09M | -198.68M | -153M | -69.88M | -43.05M | -28.41M | -12.06M | -5.83M | -430.39K | 932.33K | 830.7K |
| Treasury Stock | -902K | -900K | -711K | -522K | -417K | -319K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -978.15K | -633.01K | -515.91K | -469.52K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and dilution risk
As reported in recent financial filings, Rekor's total assets have contracted from $107.2M in 2024Q1 to $78.5M in 2026Q1, reflecting a persistent trend of asset depletion driven by ongoing operational losses and the inability to generate self-sustaining capital through core business activities.
The consistent decline in total assets suggests that the company is consuming its resource base to fund operations rather than expanding its productive capacity. This trajectory warrants close monitoring, as the shrinking asset base may limit the company's future flexibility to pivot or scale its technology platform.
Based on the company's reported figures, Rekor maintains a debt-to-equity ratio of 0.85 as of 2026Q1, indicating that leverage remains a significant component of the capital structure despite the company's inability to generate positive operating cash flow to service these obligations.
The reliance on debt in a loss-making environment suggests that the company is financing its growth through external borrowing, which increases the risk of insolvency if municipal contract pipelines do not materialize as expected. Investors should consider the potential for future debt restructuring or dilutive equity raises to address these liabilities.
According to quarterly balance sheet data, Rekor's current ratio has fluctuated significantly, settling at 0.87 in 2026Q1, which indicates that current liabilities exceed current assets and highlights a precarious liquidity position that leaves little buffer against unexpected operational shocks or delays in government payments.
The volatility in the current ratio, combined with a cash balance of only $12.6M, suggests that the company may face imminent liquidity constraints. This situation appears to necessitate careful management of working capital, as any further deterioration in cash reserves could force the company to seek expensive or dilutive financing.
As evidenced by the provided financial statements, goodwill remains a substantial portion of total assets at $24.3M, representing nearly 31% of the total asset base as of 2026Q1, which suggests that the balance sheet is heavily reliant on intangible valuations from past acquisitions.
The high concentration of goodwill relative to total assets implies that the company's book value may be overstated if the anticipated synergies from these acquisitions fail to materialize. This reliance on intangible assets warrants further investigation into potential impairment risks, which could further weaken the company's equity position.
Quick answers to the most common questions about buying REKR stock.
As of 2025, Rekor Systems, Inc. (REKR) had total assets of $85.4M including $30.7M in current assets.
Rekor Systems, Inc. (REKR) carries total debt of $29.7M, offset by $16.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Rekor Systems, Inc. (REKR) has total shareholders' equity (book value) of $42.9M ($0.36 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Rekor Systems, Inc. (REKR) reported a current ratio of 1.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.