Latest Ratios: P/E Ratio -2.5x · EV/EBITDA N/A · ROE -81.7%. (2014–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $91M | $165M | $135M | $210M | $60M | $270M | $195M | $77M | $10M | $58M | — |
| Enterprise Value | $104M | $178M | $163M | $237M | $78M | $255M | $177M | $98M | $12M | $61M | — |
| P/E Ratio → | -2.53 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.87 | 3.41 | 2.94 | 6.02 | 3.00 | 23.29 | 21.14 | 13.99 | 0.21 | 2.60 | — |
| P/B Ratio | 1.84 | 3.85 | 3.96 | 6.30 | 1.21 | 2.67 | 6.13 | — | 1.18 | 5.29 | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.68 | 3.53 | 6.79 | 3.90 | 22.06 | 19.17 | 17.97 | 0.25 | 2.75 | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.9% | 55.9% | 49.3% | 52.8% | 45.3% | 60.7% | 61.9% | 69.8% | 28.4% | 37.7% | 42.6% |
| Operating Margin | -51.9% | -51.9% | -118.0% | -120.6% | -430.6% | -275.0% | -128.3% | -137.8% | -10.4% | -21.0% | -0.8% |
| Net Profit Margin | -64.9% | -64.9% | -133.4% | -130.8% | -417.2% | -231.4% | -153.6% | -290.4% | -11.7% | -22.8% | -0.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -81.7% | -81.7% | -181.9% | -110.5% | -110.5% | -40.3% | -99.1% | -602.0% | -58.8% | -68.5% | -1.5% |
| ROA | -37.5% | -37.5% | -70.3% | -51.9% | -79.3% | -32.2% | -40.9% | -67.5% | -29.5% | -38.7% | -1.0% |
| ROIC | -32.1% | -32.1% | -66.9% | -49.6% | -83.6% | -47.5% | -55.2% | -38.5% | -30.4% | -44.9% | -5.8% |
| ROCE | -41.7% | -41.7% | -78.1% | -58.8% | -95.1% | -43.4% | -44.6% | -53.5% | -46.1% | -55.6% | -3.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.69 | 0.69 | 0.95 | 1.27 | 0.40 | 0.11 | 0.08 | — | 0.60 | 0.46 | 0.12 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.31 | 0.80 | 0.81 | 0.36 | -0.14 | -0.57 | — | 0.27 | 0.29 | -0.61 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -13.16 | -13.16 | -19.57 | -12.09 | -1171.82 | -348.27 | -4.83 | -2.44 | -10.54 | -23.99 | -0.57 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.06 | 1.06 | 1.09 | 1.47 | 0.60 | 2.22 | 4.08 | 0.99 | 0.99 | 1.33 | 4.22 |
| Quick Ratio | 0.95 | 0.95 | 0.86 | 1.29 | 0.47 | 2.13 | 3.86 | 0.96 | 0.99 | 1.32 | 4.22 |
| Cash Ratio | 0.57 | 0.57 | 0.28 | 0.91 | 0.12 | 1.87 | 3.48 | 0.11 | 0.32 | 0.24 | 2.42 |
| Asset Turnover | — | 0.57 | 0.56 | 0.38 | 0.24 | 0.09 | 0.23 | 0.19 | 2.69 | 1.07 | 2.21 |
| Inventory Turnover | 6.96 | 6.96 | 5.43 | 5.40 | 5.48 | 3.81 | 2.78 | 5.47 | 478.20 | 88.57 | 999999.00 |
| Days Sales Outstanding | — | 67.56 | 60.05 | 55.33 | 65.56 | 36.99 | 54.47 | 51.79 | 22.37 | 134.92 | 60.12 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 0.1% | 3.4% | 0.4% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.2% | 0.1% | 0.1% | 0.0% | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% | 100.0% | — |
| Total Shareholder Yield | 0.2% | 0.1% | 0.1% | 0.0% | 0.2% | 0.1% | 0.0% | 0.1% | 3.4% | 100.0% | — |
| Shares Outstanding | — | $120M | $87M | $63M | $50M | $41M | $24M | $20M | $15M | $12M | $14M |
Liquidity and dilution risk
As reported in recent financial filings, Rekor's P/S ratio of 1.75 suggests the market is pricing the firm as a speculative technology play rather than a stable infrastructure provider, especially given the lack of positive earnings and the modest 5.26% year-over-year revenue growth observed in recent periods.
The absence of a meaningful P/E or EV/EBITDA multiple highlights the market's difficulty in assigning a fundamental value to a company that has yet to demonstrate a clear path to profitability. Investors should monitor whether this valuation multiple compresses further if the company fails to accelerate its software-driven revenue growth relative to its high-cost hardware deployments.
Based on the company's historical financial statements, Rekor's ROIC has remained consistently negative, reaching -12.3% in 2026Q1, which indicates that the firm is currently destroying shareholder value rather than compounding it through its heavy investments in research and development and market expansion efforts.
The persistent negative return on capital suggests that the company's current business model is not yet generating sufficient returns to cover the cost of its invested capital. This trend warrants further investigation into whether the company's capital allocation strategy can pivot toward efficiency as it attempts to scale its software-as-a-service offerings.
According to quarterly data, Rekor's cash conversion cycle has shown significant volatility, peaking at 73 days in 2025Q3, which suggests that the company faces structural challenges in managing its working capital efficiently while navigating the long procurement cycles inherent in its municipal and state-level government contracts.
The fluctuation in days sales outstanding and inventory turnover reveals the operational difficulty of balancing hardware-heavy deployments with a transition toward recurring software revenue. Investors should monitor these metrics closely, as any further lengthening of the cash conversion cycle could exacerbate the company's existing liquidity constraints.
As reported in recent balance sheet filings, Rekor's current ratio of 0.87 in 2026Q1 indicates that current liabilities exceed current assets, leaving the company with a limited buffer to absorb operational shocks or delays in government payments without seeking additional external financing or dilutive capital raises.
The company's reliance on external funding to bridge its operational gaps appears to be a structural vulnerability that limits its financial flexibility. This liquidity profile suggests that the firm is highly sensitive to interest rate environments and capital market conditions, which could impact its ability to fund future growth initiatives.
Based on the provided financial data, the most commonly misapplied metric for Rekor is headline revenue growth, which often obscures the underlying quality of the revenue mix between low-margin hardware sales and higher-margin software subscriptions, potentially misleading investors regarding the company's true path to sustainable profitability.
Analysts should instead focus on the SaaS-to-Hardware revenue ratio and the growth of recurring performance obligations to better gauge the company's operational health. Relying solely on top-line growth figures may mask the significant cash burn and high customer acquisition costs that currently define the company's financial performance.
Includes 30+ ratios · 12 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying REKR stock.
Rekor Systems, Inc.'s current P/E ratio is -2.5x. This places it at the 50th percentile of its historical range.
Rekor Systems, Inc.'s return on equity (ROE) is -81.7%. The historical average is -65.4%.
Based on historical data, Rekor Systems, Inc. is trading at a P/E of -2.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Rekor Systems, Inc. has 55.9% gross margin and -51.9% operating margin.